Navigating Global Shipping Challenges as Rates Fluctuate
Global shipping and logistics remain a significant challenge for shippers and consumers across all sectors and regions. From short domestic hauls to worldwide movement of containers and parcels, the industry faces various constraints and concerns as the fall season approaches. Late summer is traditionally a peak shipping period, with agricultural demand competing with retailers stocking […]
Fed Poised for Rate Cuts: What to Expect Next Month
Speaking at the annual Jackson Hole Economic Symposium, Fed Chair Jerome Powell laid the groundwork for what seems to be an inevitable rate cut in the next thirty days. While economists have debated various outcomes all year, it now appears almost certain that the Fed will lower rates. The main question remains whether the cut […]
Hurricane Beryl Kicks Off 2024 Hurricane Season
Hurricane Beryl made landfall in Houston, TX earlier this month, marking the start of a projected busier-than-usual hurricane season. The early storm caused significant power outages across the Houston area, with some outages lasting more than two weeks. The Atlantic and US Gulf Coast are preparing for a busy season, prompting businesses and production facilities […]
Mexico Declares End to Drought
After a prolonged dry spring and early summer, Mexico has declared an end to the drought that disrupted daily life and business operations. Several companies have lifted their Force Majeure notices, which were strictly implemented due to the drought. The increased rainfall has also improved logistics around major Mexican ports and terminals. In related news, […]
Freight Recession Nears End as Prices and Volumes Rise
The global trucking and freight markets seem to be rebounding, signaling an end to the post-Covid recession period. Business activity is stabilizing, with volumes and demand on the rise, particularly evident in certain ocean freight lanes where prices are increasing. Although inflation in the freight sector remains high relative to a percentage of the US […]
