Georgia Ports Authority proposes inland port box expansion; demand volatility acts as the supply chain disruptor of 2020; Intra-Asia container rates surge on box, vessel crunch; supply-chain delays hit retailer restocking efforts; and Transfix study examines shippers and consumers approaches to holiday shipping … all made headlines in this week’s international freight updates. Short on time? Check out our summary of the latest shipping industry news.
Week 45 Freight Updates
November 4th, 2020
Georgia Ports Authority proposes inland port box expansion
The Georgia Ports Authority (GPA) plans to add 22% more container storage capacity at its inland distribution terminal in the northwest Georgia town of Chatsworth as it gears up for an expected increase in export traffic from Chatsworth to the docks at Savannah, GPA Executive Director Griff Lynch said.
Demand volatility is the supply chain disruptor of 2020
In February, supply chains braced for ongoing issues with supply. China manufacturing was shut down for weeks as the coronavirus spread. Risk management conversations, which started during the trade war, gained volume as sourcing organizations considered relocating or duplicating suppliers.
Intra-Asia container rates surge on box, vessel crunch
Freight rates on some intra-Asia services have soared to five-year highs in the last few weeks amid a capacity crunch, carriers and shippers said. The tightness in supply has mainly been caused by the global container shortage, carriers redeploying boxes and ships to main line services, and a regional economic recovery, executives added.
Supply-Chain Delays Hit Retailer Restocking Efforts
Supply-chain bottlenecks caused by a crush of imports heading into U.S. seaports are pinching retailers’ efforts to stock up as consumers pick up their spending. Executives at Steve Madden Ltd. and Crocs Inc., merchants known for their footwear, both said in their third-quarter reports this week …
Transfix study examines shippers and consumers approaches to holiday shopping and shipping
The findings of a recently-published study by Transfix, a New York-based logistics technology services provider that streamlines shipment data to better help shippers make informed decisions to optimize time and revenues, takes a close look at how both consumers and shippers are approaching the holiday shopping and shipping season.
