UCW Logistics’ Post

Ship freight rates are up roughly 30% in the past couple of weeks because of Red Sea diversions. https://lnkd.in/d9qwcyr5 “Big importers like Amazon and Walmart (examples only) can wait it out with their orders for the rest of the year already in the pipeline with longer-term contracts ...,” I said when talking to The Wall Street Journal’s Costas Paris about the recent developments for #containershipping #freightrates #data and #insights Xeneta #logistics #supplychains

Ship freight rates are up roughly 30% in the past couple of weeks because of Red Sea diversions. https://lnkd.in/d9qwcyr5 “Big importers like Amazon and Walmart (examples only) can wait it out with their orders for the rest of the year already in the pipeline with longer-term contracts ...,” I said when talking to The Wall Street Journal’s Costas Paris about the recent developments for #containershipping #freightrates #data and #insights Xeneta #logistics #supplychains

The Red Sea shipping attacks look likely to have a significant impact on supply chains - not just in added time, but also in added cost for retailers and manufacturers. And those of you who know about customs will know that added freight costs will also increase the customs duty payable at import. The shipping companies will pass costs on to the importers, who will pass them on to consumers - when the goods finally arrive. Happy New Year! #customs #duty #supplychain #redsea #imports #retail #manufacturing #croweuk #croweglobal https://lnkd.in/eeFCghiT

The first half of this year is projected to see an increase in inbound cargo volume at major U.S. container ports despite recent attacks on ships in the Red Sea, according to the latest Global Port Tracker report by the National Retail Federation and Hackett Associates.

"Cargo volumes at the Port of New York and New Jersey witnessed an 11% year-over-year decline, totaling 644,439 TEUs. Additionally, the total TEUs saw a 13% decrease from October 2023, which had been the seaport's busiest month of the year due to retailers gearing up for the holiday shopping season, as stated in a port press release. Year over year, both loaded imports and empties experienced a 7% and 21% decrease, respectively. However, loaded exports at the port increased by approximately 2%. Despite the lower year-over-year volumes, the volumes processed at this East Coast port were 7% higher compared to November 2019." ThinkFreight At PRIMO we are more than aware of the current changes around the globe, but this isn't just about numbers; it's about resilience, innovation, and the unyielding spirit that defines our industry. Together, let's turn challenges into opportunities, adapting and thriving in the ever-evolving logistics landscape. Need help with your container drayage let PRIMO help you, send us your request to Carla Montoya, our Senior Sales Director of the Northeast [email protected] #LogisticsInnovation #Resilience #Adaptability #CargoVolumes #PortofNYNJ

Not to mention the impact of drought on the Panama Canal impacting trade routes in the West. If the 2021 Evergiven Suez blockage is anything to go by, the ripple effect (no pun intended) will be vast and long-lasting. This will also have an impact on costs beyond sea-freight as demand for road and air methods increase. #TroubleInTheSuez #Customs #suezcanal #Logistics #Import

Here are our port locations, where every shipment sets sail and docks! 🚢 • ⚓️ From departure to arrival, these are the gateways to seamless logistics. This is how it works: -Your shipment arrives at one of the following ports. If it is a full container, it goes through the regular channels for clearance on the port. -If you are collecting less than a container load of goods, your shipment is then sent to the bonded unstuffing facilities of the respective port, or private facility. -At the bonded unstuffing facility, contents of the container are offloaded and an appointment is scheduled for each customer to clear cargo. -On the day of clearance, cargo is inspected by Customs in the presence of the customer and once all is confirmed to be in order – the cargo is then released! • • • #GGLogistics #GordonGrant #PortLocations #ShippingHub #TrinidadandTobago #CaribbeanShipping #TrinidadExpact #TrinidadBusiness

✈️ Shipping liquids internationally can be tricky as there are specific rules and regulations to follow, especially when shipping flammable and alcoholic liquids 🔥🍾 Therefore, it is essential to understand the requirements before getting started. There are a ✨ variety of methods available for cross-border liquid shipping, including air, ship and ground carrier services. 🌐 Learn the best methods for international liquid shipping, essential packaging tips, and important regulations here: https://lnkd.in/gjYGNFTW #internationalshipping #shippingworldwide #expressshipping #logistics #delivery #DHLExpress #crossbordershipping #couriermalaysia #malaysia #kualalumpur #shippingtips #shippingavailable

Maersk's decision today to bypass the Panama canal in favor of a "land bridge" due to drought conditions signals tougher times for U.S. companies who rely on this route for East Coast deliveries. Reduced canal traffic was already hitting shippers like BDI Furniture, prompting a rush to deliver goods for spring, as we reported yesterday. BDI said rates for re-routing via the U.S. West Coast in early Jan were already double those of the Panama or Suez routes, forcing them to consider the alternative only in urgent cases. But now with these additional challenges at the Panama are rates going to triple? Will we witness a sea of ships waiting off LA/Long Beach, akin to the pandemic? #supplychainmanagement #retail #supplychain #Logistics #TradeChallenges.