ANCHORS UP WEEKLY: OCEAN FREIGHT
Long Beach Port Sees Continual Congestion
This past week, COSCO Shipping announced that they will stop accepting bookings via Long Beach due to the immense amount of congestion. At this time, COSCO is the only ship line that is implementing this change, but more may follow suit if the port congestion is not resolved.
If you frequently have shipments imported through LAX/LGB and would like to look at different routing options, reach out to us today. Our team is currently looking into different options and would be more than happy to provide you different options and creative solutions so your cargo is not stuck off the shore.
WHEELS UP WEEKLY: AIR FREIGHT
Rate Increases for Air Freight Early in 2021
As we mentioned in last week’s update, the unknowns of the transportation industry have introduced many new challenges brought on by COVID-19. In the face of port congestion, delays, and miscommunication, transporters have had to make logistical adjustments in response to changing circumstances. Many of which have made the switch from ocean to air freight, regardless of the rate increase that has been seen following the end of Chinese New Year.
According to Freightwaves, businesses transporting goods through air freight have been paying rates about 2.5 times more than the standard rate seen throughout the past few years. This increase, mainly being due to high demand and low supply of passenger planes, has caused businesses to make a tough, otherwise unprecedented, decision. Whether or not your business is willing to foot the bill, we would be happy to have a conversation with you based on your shipping needs and expectations.
THIS WEEK'S QUIZ
BLOG OF THE WEEK
Challenge Your Knowledge and Take This Week's Quiz!
The Importance Of Loading Shipping Containers Correctly
OVERSEAS PARTNER HIGHLIGHT OF THE WEEK
Globe Trekkers – Arab Emirates
Fun Fact About UAE: The UAE is known for its two largest cities, Dubai and Abu Dhabi, which draw millions of tourists each year. Dubai, a regional business hub known for its sleek skyscrapers, is home to the largest building in the world – the Burj Khalifa.
GET CARGO INSURANCE TODAY
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