China is the world's top containerized products exporter, produces eight out of every ten new containers, is the leading builder of container ships, and operates the world's fourth-largest liner firm. It should come as no surprise that China dominates the worldwide container port rankings – and with maritime traffic on...
The Ukrainian war will exacerbate supply chain issues
Chart of the Week: Inbound Ocean Shipments Index, Inbound Ocean TEUs Index – Russia to USA SONAR: IOSI.RUSUSA, IOTI.RUSUSASource: www.freightwaves.com According to the Census Bureau, Russian import bookings fell 40% in the last week and will undoubtedly fall more after increasing 64% from the previous year in 2021, resulting in...
Landstar shutters a large Ukraine operation in the aftermath of the invasion, according to a source
According to a highly placed source, Landstar System Inc., the massive freight broker and third-party logistics provider with major exposure to Ukraine has ceased its activities there in the aftermath of Russia's invasion. According to FreightWaves, the Ukrainian agency of Jacksonville, Florida-based Landstar (NASDAQ: LSTR) is "down" as of Saturday....