Updates and open discussion on Freight today!
?? Global Freight Updates: What’s Happening & How It Affects You!
The logistics world continues to shift with a few key updates from this past week:
1?? Congestion at Southern Brazil Ports is causing ripple effects globally, leading carriers like CMA, COSCO, and Maersk to suspend or shift services. Global shipping routes are feeling the impact, and this could mean longer wait times and increased costs for businesses.
2?? Panama Canal Recovery: Good news—water levels are rising, and capacity is expected to increase in the coming months. However, current capacity constraints are still affecting shipments, especially with growing global demand.
3?? Air Freight: There’s a 5% uptick in air cargo volumes from Asia-Pacific, but freight rates in areas like the Middle East and South Asia are surging. If you’re moving goods globally, these fluctuations may affect your bottom line.
What effects have these shifts in the freight world caused you business this year? And what are your plans to address these changes as we head into Q4?
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