Shippers look at alternatives amid Red Sea Crisis

Logistics Management News - January 17th, 2024

This Week in Logistics Management

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| Logistics Management News · January 17, 2024

Shippers look at alternatives amid Red Sea Crisis Major U.S. container ports are entering a period of historically low cargo volumes as the holiday season winds down. However, attacks on cargo ships in the Red Sea and continued delays at the Panama Canal may shake up this year’s usual winter lull. Read more.

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2024 Transportation Rate Outlook: More of the same?  Our annual gathering of freight transportation industry analysts reveals that the cycle of rate and capacity fluctuations continue their age-old volatility, but in a more muted fashion. Here’s a look at the elements that have ushered in this current malaise. Register Now

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State of U.S. businesses is ‘optimistic’ despite naysaying sniping in election year The state of American business is “optimistic” despite inflationary pressures and economic threats from unknowable outside factors, the nation’s top business lobbyist said. Read more.

IANA calls out DOL on new independent contractor final rule Following the issuance of the final rule for determining independent contractor status under the Fair Labor Standards Act by the United States Department of Labor earlier this week, the Intermodal Association of North America (IANA) became the most… Read more.

TD Cowen/AFS Freight Index points to flattish rates, driven by muted demand The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted the impact… Read more.

Freight shipments and expenditures are down in December, reports Cass Freight Index December’s shipment reading, at 1.077, was down 7.2% annually, and December expenditures, at 3.230, were off 23.7% annually. Read more.

Cushman & Wakefield report examines 2023 industrial real estate output Rising 0.6%, to 5.2%, the firm that the the industrial real estate vacancy rate decrease was driven by the pairing of muted demand and speculative constructions persisting at a healthy rate. What’s more, it added that this marks the… Read more.

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