End of February Freight and Customs Updates

The global supply chain continues to evolve and adapt in order to meet customer demands. However, this evolution has brought along with it several new challenges and opportunities that companies must navigate in order to maintain a successful supply chain.

The global container shipping industry is in the midst of a period of rapid growth and evolution, driven by a number of major trends that are profoundly shaping the landscape.

From rising US port rankings to increased carrier consolidation and commitments to standards, to new border logistics facilities springing up across the world, there’s a lot going on in the global container shipping industry right now.

As we move ever closer to 2023, it’ll be interesting to see what further disruptions impact global trade routes and maritime laws – potentially transforming this same landscape once again!

Sign up for newsletter alerts below and get emailed when the next newsletter is published!

Despite big gains in New York, Los Angeles remained top port in 2022

For a brief moment last year, the Port of New York and New Jersey made waves with a single stat: It had become the largest port in the United States, dethroning the long-standing volume leader, the Port of Los Angeles.

Rumble in Long Beach: Shippers ‘Back for Blood’ as Container Shipping Contract Season Kicks Off

Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.

Borderlands: Nearshoring creates booming demand for border logistics facilities

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Nearshoring creates booming demand for border logistics facilities.

Hong Kong Budget 2023-24: Speedy Recovery and the Path to Normalcy

On February 22, 2023, Hong Kong’s Financial Secretary Paul Chan announced the Hong Kong 2023-24 Budget that revealed his blueprint to boost the city’s recovery momentum in the post-COVID era.

DCSA’s member carriers commit to a fully standardised, electronic bill of lading by 2030

Nine ocean carriers commit to converting 50% of original bills of lading to digital within five years and 100% by 2030 to accelerate the digitalisation of container trade.

The US, China spy balloon tensions are drifting into politics of the supply chain

Leading retail trade associations and their member companies are closely watching the rising tensions between the U.S. and China over the alleged spy balloons and see it as another reason to diversify manufacturing.

End of February Freight and Customs Updates

Sign up for newsletter alerts below and get emailed when the next newsletter is published!

Related Posts