Kuehne + Nagel Projects Muted Shipping Demand Through Holidays

Kuehne + Nagel International is projecting lower than usual freight volumes to end the year after retailers and manufacturers pulled in holiday goods early because of global shipping disruptions. Stefan Paul, chief executive of Kuehne + Nagel, the world’s largest freight forwarder by revenue, said the traditional peak shipping season when retailers pull in goods to fill store shelves arrived earlier than usual this year as importers rushed in merchandise amid heightened fears of supply-chain delays.

Paul Berger

25 September 2024

Canadian Grain Terminal Workers Strike, Risking Exports

Grain terminal workers on Canada’s west coast walked off the job, threatening exports of canola and other crops during the busy harvest season. Members of Grain Workers Union Local 333 went on strike Tuesday morning after talks with the Vancouver Terminal Elevators’ Association broke down last week. The union issued a 72-hour strike notice Saturday morning.

Robb M. Stewart

1 August 2024

Maersk Lifts Guidance as Red Sea Disruption and Strong Demand Continue

A.P. Moeller-Maersk raised its full-year guidance for the third time in as many months as disruptions in the Red Sea and strong container shipping demand continue. Container operators have been forced to send their vessels on longer routes around southern Africa’s Cape of Good Hope to avoid the Red Sea after Houthi rebels began attacking commercial vessels at the end of last year, creating a shortage of vessels and port bottlenecks while inflating freight rates.

Dominic Chopping

1 August 2024

Dockworkers, Ports in a Standoff as Strike Threats Grow Louder

The U.S. is facing potential disruptions at major seaports for the second time in as many years. Harold Daggett, the head of the union that represents dockworkers at East Coast and Gulf Coast ports, is warning that time is running out to secure a new longshore labor deal before the current multiyear contract expires Sept. 30. and that a strike “is becoming more likely.

Paul Berger

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