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.
Russia suspends Ukraine's grain export deal, exacerbating global food crisis amid growing hunger.
Russia has halted the Black Sea Grain Initiative, a critical deal allowing Ukraine to export grain to hunger-stricken regions, exacerbating the global food crisis. The decision, awaiting fulfillment of demands for Russian food and fertilizer distribution globally, has led to a surge in wheat prices and could potentially increase food insecurity. Ukraine's President Volodymyr Zelenskyy, however, vowed to continue the initiative, even without Russia's assurances.
Source: AP News
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.
China's Tech Leverage in the Global Supply Chain China has set export restrictions on two minerals, gallium and germanium, vital
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.
