Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
Extreme weather and climate change pose challenges to the Panama Canal, affecting global trade and increasing costs for shipping companies.
The Panama Canal, an important route for Asia-US East Coast trade, is facing significant challenges due to extreme weather. Predicted harsher dry seasons in Panama are expected to lower the water levels in the Canal, particularly in the Gatun Lake which feeds it. The reduced water levels, possibly exacerbated by a predicted El Nino event, will limit the Canal's capacity and affect global trade. Consequently, shipping companies face increased costs due to increased Panama Canal charges and reduced cargo loads, likely leading to the redistribution of trade from the US West Coast to the East Coast. Long-term changes in weather patterns due to climate change imply the Canal could become a bottleneck for global trade.
Source: Czapp
🚢💧 The Panama Canal is facing a water crisis as the canal’s #water levels fall. This could disrupt global trade and increase costs for #shipping companies. Find out how this could impact Asia-US East Coast trade in our latest article! ➡️ #PanamaCanal
— Czapp (@Czapp_portal) May 31, 2023
‘Extreme’ measures under consideration at drought-hit Panama Canal https://t.co/QJacmhLPlQ @splash_247
— FreightGlass (@FreightGlass) June 20, 2023
The Port of Los Angeles processed 752,893 20-foot equivalent units for the month of May. A 3% decline from the 779,140 moved around this time a year ago.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
With the port gradually reopening, this Baltimore trucking firm navigates ongoing disruptions while keeping drivers employed.
Join over 10K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe now & be sure to check your inbox to confirm (and your spam folder just in case).
