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....
Fuel surcharges will be more painful for parcel shippers
Previously, fuel surcharges were simply taxes levied by carriers and passed on to their customers. Surcharges appropriately reflected the expenses of a carrier's fuel. The surcharge indices were modified up or down based on the direction of diesel and jet fuel prices. Those days have long passed. Carriers now routinely...