Those interviewed said they expect a rebound during the second half of 2024 with half of the participants saying they believe freight volumes will increase by 5% during that period.

ONE now has a presence in Northern Europe, Southeast Asia and the West Coast of the U.S. following these recent acquisitions.

Officials for the Biden administration said the projects will allow ports to meet increased shipping demands while improving worker safety and lowering costs for consumers.

Alan Minton, chief revenue officer with Banyan Technology, discusses shipment volume and price, environmental concerns, artificial intelligence and visibility.

Denmark-listed shares in the shipping firm fell by 18% the day the announcement was made, hitting their lowest levels since October 2020.

Cosco still handled 60.06 million TEUs during the quarter, which was in line with the company’s performance during the same period in 2022.

Ultimately, mesh networks can handle fluctuations in supply and demand, optimize routes, and create transparency and accountability in the supply chain.

Earlier this year, authorities cut the number of ships passing through the canal for the first time ever.

To make the most of available resources, provide more delivery choices, and achieve maximum efficiency, it is essential to effectively manage multi-carrier operations in real-time.

The agreement is set to be ratified by employees in the coming days, but workers are set to return to work on the morning of October 30.