Of those surveyed, 39% said that extreme weather events have been their chief concern in 2024, the most of any category.

Coal exports will slump 6.3% for the year, according to U.S. Energy Department figures released on April 9.

U.S. imports have continue to increase even as supply chain challenges in the Red Sea and at the Panama Canal have persisted.

According to the U.S. Army Corps of Engineers, the hope is have the main shipping channel to the port fully reopened by the end of May.

Avoiding the Suez Canal is raising volumes at European seaports farther from the conflict, leading to more combined sea-air transport through hubs such as Dubai.

“My hope is that we can find diplomatic off-ramps,” President Joe Biden’s special envoy for Yemen told reporters in a press briefing.

Peru’s government is trying to revoke a deal that granted China's Cosco Shipping exclusive rights to run the new Chancay Port.

The two companies' joint-filing was submitted on April 1, and would look to limit their legal liability to $43.6 million. 

Lee Smith, global trade attorney at Baker Donelson, reviews the top economic, regulatory and geopolitical concerns of supply chain executives for the coming year.

La Niña is expected to usher in ample rains in a matter of weeks, providing relief after record dryness afflicted the key transit channel in 2023.