CMA CGM Group has announced a peak season surcharge on cargo transported from Northern Europe to the United States. The fee is set at $150 for a 20-foot container, and $300 for both 40-foot and 45-foot containers. Additionally, the charges vary depending on the type of container, prompting cargo owners to stay vigilant regarding these changes.
This article explores the concept, calculation methods, and applicable situations of declared value surcharges in international air freight. Shippers need to decide whether to declare the value based on the specific worth of the cargo to avoid unnecessary financial losses in case of damage. Additionally, the article emphasizes the importance of protecting valuable items and the reasonableness of surcharges, reminding shippers to make appropriate arrangements for better protection.
Norwegian shipping company Golden Ocean Group expects that the dry bulk shipping market can absorb 10% of new vessel capacity due to port congestion and demand for coastal trade in China. Although the number of new ship deliveries needs to be reduced by 40% to maintain high charter rates, the market still shows resilience and potential for growth.
The surge in China-US ocean freight rates stems from pandemic-induced supply-demand imbalances, leading to reduced shipping capacity, port congestion, and surging demand. This intensifies cost pressures on exporters, drives up consumer prices, and disrupts supply chains. Mitigation strategies include increasing shipping capacity, optimizing port operations, strengthening international cooperation, and promoting digital transformation to stabilize the global trade chain.
The ports of Los Angeles and Long Beach are attempting 24/7 operations to alleviate cargo congestion, but face challenges including labor shortages, infrastructure limitations, and coordination issues. This article delves into the root causes of port congestion, its economic impact, and proposes recommendations for enhancing supply chain resilience. It emphasizes the importance of diversifying sourcing, localizing production, and undergoing digital transformation to mitigate future disruptions and improve overall supply chain efficiency.
US imports have exceeded 2.4 million TEUs for four consecutive months, indicating significant supply chain pressure. Reports show China remains the largest source of US imports, but port congestion is worsening. To address these challenges and achieve sustainable development, businesses should diversify their supply chains, plan ahead, enhance communication, optimize inventory management, and seek professional support. The persistent high import volumes coupled with increasing congestion necessitate proactive strategies to mitigate disruptions and maintain operational efficiency.
In the LM podcast, the American Association of Port Authorities' President, Connor, delves into the opportunities and challenges facing US ports and the impact of the Infrastructure Investment and Jobs Act. He emphasizes the bill's role in modernizing ports, shares lessons learned during the pandemic, and analyzes issues like port congestion and container shortages. Connor's insights provide a valuable perspective on the future development of US ports.
This article provides an in-depth analysis of international express shipping costs, covering base freight (calculated by actual weight and volumetric weight) and various surcharges (fuel surcharge, remote area surcharge, special goods surcharge, customs clearance fees, etc.). It also analyzes key factors influencing costs, such as transportation mode, cargo attributes, destination, and express channel. The aim is to help cross-border e-commerce sellers better understand international logistics costs for more effective cost control.
Port congestion at Los Angeles and Long Beach is slowing down UPS package flows, which UPS is addressing through measures like air freight upgrades and technology enablement. Automation is becoming an industry trend, but freight rate increases are inevitable. Businesses need to build more resilient supply chains, and consumers may have to bear higher costs. The congestion highlights the ongoing challenges in global logistics and the need for proactive strategies to mitigate disruptions and maintain efficient delivery networks.
Global supply chain pressures persist, potentially leading to a container shortage during the year-end shopping season. Worsening port congestion forces retailers to prepare in advance, yet the 'congestion' remains a significant hurdle. Companies need to plan ahead, diversify transportation methods, optimize inventory, strengthen supply chain collaboration, and embrace digital transformation to effectively address these challenges. The current situation presents significant logistics challenges and requires proactive measures to mitigate potential disruptions and ensure timely delivery of goods.
