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Showing research about European Union

20210225-first-cut-origins

Shipping surge abates in February, but far from washed out

U.S. international trade activity has continued to expand in February with imports of containerized freight having increased by 10.2% year over year in the first half of the month. That was somewhat slower than the 15.7% expansion seen in January but still means pressure on logistics networks,... Read more →

20210217-expeditors-corp

Sonic, Rolls Royce may help Expeditors’ boom continue in 2021

Expeditors International reported a 54.9% jump in Q4’20 revenues, beating consensus estimates by 24.6 percentage points as the freight forwarder delivered a 19.0% rise in ocean freight deliveries on top of the increase in global shipping rates. The firm’s CEO, Jeffrey Muster, has indicated tha... Read more →

20210217-ports-all

Winter freeze joins pandemic as challenge for port operators

Hapag-Lloyd has flagged continued congestion challenges at a wide range of U.S. seaports with extensive vessel queues waiting to unload at Los Angeles / Long Beach, Oakland and Savannah. That partly reflects increased demand for shipping services as well as situations where “terminals are work... Read more →

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