Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.
Estes grapples with a cyberattack. This comes just weeks after Yellow accepted Estes' $1.3B bid for its terminals.
A cargo ship in the North Sea, carrying over 3,500 vehicles, including nearly 500 electric vehicles (EVs), has been ablaze for days, leading to the death of a crew member and uncertainty about the fate of the vessel. The Freemantle Highway was en route from Germany to Egypt when the fire started, the cause of which remains unclear although there are unconfirmed reports it originated in an EV battery. The crew was evacuated, some sustaining injuries, and efforts are ongoing to prevent the ship from sinking near an essential migratory bird habitat.
Source: CBS News
Major fire on board of car carrier FREMANTLE HIGHWAY off Dutch coast. The ship with 2857 cars on board, including 25 EV, left Bremerhaven bound for Egypt, fire erupted at around 2130 UTC Jul 25.
— Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴☠️ (@mercoglianos) July 26, 2023
1 crew member died, some 16 crew are treated in hospital.
https://t.co/lio1G0YMS0
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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