Remove Cargo Remove Freight Remove South Korea
article thumbnail

This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Wall Street Journal ). Deloitte Global).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. The financial risk for small to medium-sized businesses (SMBs) is especially high.

article thumbnail

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

New Transport Mode to Redefine Freight Movement. July 2016 Freight Transportation Services Index (TSI). The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. Cargo owners such as consumer products maker Dorel Industries Inc and the U.S.

article thumbnail

Doing Business in Malaysia

QAD

The country moves over 2 billion mt-km of freight per year. . It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers. The primary import partners were China, Singapore, US, Japan, Thailand, South Korea and Indonesia. Imports, which reached $160.7

article thumbnail

Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

However, the announcement should not have come as a surprise, as the ocean cargo market has been suffering for some time by a condition of overcapacity, low rates, and a flat global market. once they’ve been allowed to discharge cargo to protect the interests of maritime lien holders. bankruptcy code. Judge John K.

article thumbnail

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity.