The Port of Virginia is another East Coast port that will see record volumes in 2022. Last calendar year, the port in Norfolk processed more than 3.7 million twenty-foot equivalent units, a record for the port and a 5.1% increase over 2021. The year-over-year increase came as other East Coast...
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For the first time in 28 months, total freight costs fell year over year in December.
According to a Thursday report from Cass Information Systems, freight costs fell year over year (y/y) in December for the first time in 28 months. According to the Cass Freight cost fell Index report, total payments platform expenditures were down 4.3% year on year and 5.5% lower than in November....
The airfreight industry is looking for signs of a midyear recovery.
Air cargo in the airfreight industry ended 2022 on a low note that is expected to continue well into the first half of the year, with logistics companies banking on retail inventory clearance bottoming out by summer. The year 2023 in the airfreight industry will be defined by uncertainty. Any...