Market & Industry updates
Volume decline spurs Baltimore terminal to close for two days
Maryland port’s Seagirt Marine Terminal will not move cargo Monday and Tuesday The Seagirt Marine Terminal at the Port of Baltimore will be closed Monday and Tuesday. Ports America Chesapeake operates the Seagirt Marine Terminal, which the Maryland Port Administration...
Change of dynamic: air freight demand now ‘the reverse of three weeks ago’
T.NETWORK would like to offer our supply chain and logistics services at cost for any importers that are bringing Personal Protective Equipment (PPE) to the United States. PPE items include the following, as well as the raw materials used to produce these items:- Face...
LA, Long Beach terminals adjust hours to disinfect between shifts
The second-shift change will provide time to clean handling equipment to help prevent the spread of the coronavirus T.NETWORK would like to offer our supply chain and logistics services at cost for any importers that are bringing Personal Protective Equipment (PPE) to...
New supply chain risks emerge as production lines restart in China’s factories
T.NETWORK would like to offer our supply chain and logistics services at cost for any importers that are bringing Personal Protective Equipment (PPE) to the United States. PPE items include the following, as well as the raw materials used to produce these items:- Face...
Emirates to eliminate most passenger flights, airport services
As we’ve been following the news regarding COVID-19, we’ve heard about the severe shortage of protective equipment and gear for hospital, healthcare workers and first responders as the impact of the novel virus is being felt across the world. As a nation, we depend on...
Emirates to eliminate most passenger flights, airport services
Emirates, the largest long-haul airline in the world, said Sunday it will temporarily terminate most passenger service on Wednesday, March 25, because travel restrictions imposed by governments make it virtually for people to fly. The news comes one day after...
Trucking’s Highway Hurdles; Logistics Crisis Limits; Braking Auto Makers
Truckers are raising alarms about growing operational challenges from restrictions tied to the coronavirus pandemic. Efforts to hold back the spread are reaching truck stops and loading docks, the WSJ Logistics Report’s Jennifer Smith writes, adding new hurdles for...
Sea-air services disrupted and rates soar as airlines suspend more flights
Sea-air shipments via Dubai and Singapore to Europe and the US have either been suspended or seen prices soar. Aeromar, which specialises in sea freight to Dubai and onward travel by air, said it had suspended its services with immediate effect, although all cargo...
LA, Long Beach ports’ cargo volumes from Asia dive in wake of coronavirus outbreak
Production has slowed in China, which accounts for about half of the incoming cargo in the twin ports The Port of Los Angeles on Tuesday, March 10, reported cargo volumes were down by nearly 23% in February over last year’s numbers for the same month. While the Lunar...
Georgia ports suffer ‘precipitous drop in imports’
Ports on East and West coasts do expect cargo surge as manufacturing ramps up in China following coronavirus-caused shutdowns. The Georgia Ports Authority (GPA) said in a coronavirus update on its website that it has temporarily discontinued Saturday truck gate hours...
Coronavirus will test supply chain partnerships
The coronavirus (COVID-19) pandemic is not only a health crisis impacting daily life for individuals but has led to cascading supply chain disruptions, especially in Asia. Shippers and transportation providers are pressured to anticipate the impacts of the outbreak in...
Shakeup Offshore; Where’s the Beef; Marking Up Supplies
An oil-price war between Saudi Arabia and Russia is sending shockwaves through energy supply chains as coronavirus tanks demand. Share prices in the embattled offshore oil sector tumbled as crude prices plunged, WSJ Logistics Report’s Costas Paris writes, threatening...
Carriers eye empty passenger services to keep intra-Asia air cargo moving
More passenger flight suspensions have created a capacity crunch for intra-Asia air cargo, and as freight rates skyrocket airlines consider using passenger aircraft for cargo-only services. More passenger flight suspensions have created a capacity crunch for...
Carriers set to cut Asia-USWC capacity in response to weakening outlook
“In 2020 both governments expect to implement low-cost, high-impact strategies to simplify customs and immigration screening and reduce wait times,” the U.S. State Department said. At T.NETWORK, making the freight process simpler means also managing the associated...
Carriers set to cut Asia-USWC capacity in response to weakening outlook
Capacity on the transpacific Asia-US west coast tradelane will be cut by some 7,000 teu a week from May, Alphaliner reports. However, this may not be enough to mitigate the negative drag of US import tariffs and the continued structural move of trade to east coast...
As Chinese supply chains start to move again, slowly, new bottlenecks appear
As Chinese industrial production begins to recover, North American shippers that spread their Asian sourcing, and have so far escaped the worst of the coronavirus-related supply chain issues in China, are likely to encounter new transport bottlenecks in the wider...
Airlines brace for multi-billion dollar losses as ‘the market gets really screwed
As UK regional carrier Flybe went into liquidation this morning, following low demand on top of already challenging finances, IATA predicted global revenue losses for the passenger business of between $63bn and $113bn. Its previous prediction, for ‘just’ $29.3bn, was...
China’s Viral Bonds; Truckers Stuck in Park; Floating Oil
China’s biggest shipyard is selling “coronavirus bonds” to help shore up its finances. China State Shipbuilding Corp. has raised $718.2 million by selling bonds that devote a portion of their proceeds to epidemic prevention and control efforts, the WSJ Logistics...
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