BCO’s Put Pen to Paper as Spot Rates Stabilize

Ocean carriers curb trans-Pacific blank sailings while boosting capacity
Container carriers are blanking fewer trans-Pacific sailings than they did the previous two years as the longer voyages around the southern tip of Africa during the Red Sea hostilities continue to pull capacity from global trade lanes. They’re on track to increase capacity in the Asia-US trades to the highest level in 17 months in May.
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More Chinese Companies to Be Added to U.S. Import Ban List
A list of companies banned over forced labor concerns is expected to grow in the next few months, says Laura Murphy, a Homeland Security adviser.
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IATA reports an 11.9% jump in air cargo volumes for February
February was the third consecutive month of double-digit year-on-year demand growth for air cargo, according to data released by IATA.
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UPS wins air cargo contract with Postal Service, replaces FedEx
UPS will replace FedEx as the dominant provider of domestic air cargo for the U.S. Postal Service for the first time in more than 20 years. The express delivery giant on Monday announced that the Postal Service has awarded it a “significant” contract to move the majority of the mail agency’s air cargo in the United States.
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Red Sea crisis nears boiling point, unable to heat up spot rates
Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the framework of the long-range sea campaign.” This intentional vagueness has invited no small amount of speculation as to the ships’ true objectives.
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Shipping disruption and e-commerce demand driving up airfreight rates
The start of the airline summer season this month is likely to hit airfreight rates with an increasing amount of belly capacity on passenger routes.
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U.S. to Crack Down on Trade ‘Loophole’ Used for China Apparel Shipments
The U.S. will crack down on an import method, favored by e-commerce giants such as Temu and Shein, that has allowed cheap clothes from China to flow stateside with no duties and little scrutiny.
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Rerouting trucks and ships away from Baltimore: What early data shows
As the days add up after the March 26 collapse of the Francis Scott Key Bridge, companies that gather data from trucks and supply chains are beginning to get an idea of where trucks are rerouting in the catastrophe’s wake. Data on ship rerouting is less conclusive.
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