INTERNATIONAL NEWS
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Congestion is slowing down the fall in freight rates! The European and U.S. routes will be reduced by 10% over the next five weeks!
BY: Zoe Cheung Despite port congestion caused by strikes and other factors, spot market rates continued to fall last week, according to data from major freight indices. Drewry statistics indicate that 76 European and American voyages were canceled during the 29th-33rd week of July 18-22, about 1...Read more -
A major European port is on strike again! The supply chain will be seriously disrupted.
BY: Zoe Cheung Several groups, including Korean truck drivers, German port workers, British rail workers, Belgian union labor, Canadian rail workers, Spanish truck drivers, U.S. airline pilots, and European airline employees, have recently protested or struck. Massive protests and strikes...Read more