The port brought in 1.5 million TEUs for the first quarter of its fiscal year, up 2.7% from that same period last year, and representing the second best quarter in its history.
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While sailing through the Strait of Magellan adds distance and fuel costs, its toll-free passage offers shipowners another option when constraints elsewhere drive up delays and transit costs.
Maersk highlighted how flooding and damage to road infrastructure could impact access to ports, terminals, depots and inland delivery routes across East Africa between October and December.
The sportswear company wants to make its supply chain “more flexible, more responsive and more efficient,” COO Venky Alagirisamy said during a meeting with employees.
Glowing, optimistic predictions about an explosion in holiday sales mask an important distinction between the money a retailer is taking in and the amount of product it's actually moving.
The combined business between CMA and FedEx Supply Chain will operate 150 warehouses, growing CEVA's North American workforce to 20,000 people across 240 locations.