port logistics

Tips for navigating the coming capacity correction

By Craig Allan

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The catastrophic Francis Scott Key Bridge collapse was a tremendous loss for the city of Baltimore, which is left grieving the tragic loss of life and bracing for massive disruption.

This is also a global event, and many shippers are now on uncertain ground — phones are lighting up as they try to navigate the rapidly shifting environment. What we’re...

https://www.freightwaves.com/news/tips-for-navigating-the-coming-capacity-correction

EDRAY receives $7M to improve port logistics through flow stacking

EDRAY, a drayage platform, is looking to revolutionize the way technology executes port logistics.  

The company announced Tuesday it is looking to accelerate its growth and expand its suite of drayage solutions with a recent $7 million investment from logistics entrepreneur and investor Andrew Leto.

Leto, founder of GlobalTranz and 10-4 and investor in Emerge, My Carrier and Roadrunner Transportation, will now sit on the board of EDRAY.

Related article: Roadrunner $50M equity raise led by...

https://www.freightwaves.com/news/edray-receives-7m-to-improve-port-logistics-through-flow-stacking

COVID-19’s opportunity for global supply chains (with video)

Roughly a decade ago, in anticipation of changes in the supply chain and logistics sector, investment firm Saybrook Management started buying companies in that space – not so much because they were great opportunities, which they were, but because the firm wanted to understand how the various pieces of the supply chain worked.

Then came COVID-19.

“There’s nothing that compares to this from a logistics perspective,” Saybrook CEO Jonathan Rosenthal told FreightWaves technology reporter Vishnu...

https://www.freightwaves.com/news/covid-19s-opportunity-for-global-supply-chains-with-video

Australian shippers say COVID restrictions could delay container shipments

Aerial view of the Port of Melbourne, which could suffer work slowdowns because of new COVID safety measures.

Australian freight forwarders and shippers, worried about the potential loss of business, are seeking flexibility from new lockdown measures to contain an outbreak of coronavirus in Victoria.

The state restrictions impact warehouses, as well as container depots, and terminal operations at the Port of Melbourne and Melbourne airport.

Trade groups are asking government officials to clarify that import and export businesses will be designated an essential service. They also are proposing alternative...

https://www.freightwaves.com/news/australian-shippers-say-covid-restrictions-could-delay-container-shipments

Port Tampa Bay slices warehouse operator’s payments

The coronavirus pandemic has spoiled a chunk of the fruit import business in the United States. Because of that decline, Port Tampa Bay’s board this week took a big slice out of a refrigerated warehouse tenant’s monthly payments. 

The board on Tuesday agreed to defer a $25,000 monthly loan payment for seven years and drop rent from $31,000 a month to 5% of revenues once those hit $5 million annually.

Port Logistics Tampa Bay leases 13.7 acres of land with a 140,000-square-foot refrigerated...

https://www.freightwaves.com/news/port-tampa-bay-slices-warehouse-operators-payments