A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.
Texas’s economy took a more than $4 billion hit in April after Governor Greg Abbott’s order to ramp up on security at the border resulted in shipping delays and bridge blockades, according to a new analysis.
Even those companies in China whose factories are operating under so-called closed-loop systems may be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible.
A Mexican truck blockade at a key Texas bridge is diverting U.S.-bound cargoes to far-flung crossings, worsening shipping snarls and raising the specter of delivery disruptions for everything from avocados to auto parts.
Soaring U.S. energy prices are hitting all modes of transport, squeezing smaller shipping lines amid already-volatile ocean rates, as well as truckers who have to contend with delays in clawing back higher costs.
The U.S. and Europe’s biggest logistics firms have halted shipments to Russia, further isolating the country’s businesses and consumers after its military invaded Ukraine.
U.K. traders are falling foul of a new IT system policing goods crossing the English Channel, as companies grapple with a fresh wave of post-Brexit red tape.
Just as firms wrestle with a global supply chain crisis and fresh pandemic restrictions, companies in the U.K. and European Union face another looming headache: More post-Brexit red tape.
Restrictions on empty-container returns at major ports are the top issue that needs fixing to help ease U.S. supply chain bottlenecks, the head of the Harbor Trucking Association said, adding that true round-the-clock operations aren’t yet in place.
The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
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