News & Updates

The UK’s largest container shipping gateway has been brought to a standstill after workers at the port of Felixstowe began an eight-day strike Sunday, forcing carriers to divert vessels to already congested hubs in Northern Europe. It is the latest in a wave of industrial action sweeping the transportation and logistics sectors in Europe as workers demand inflation-busting pay increases…

A pileup of German import containers is expected to extend into the first quarter of 2023.Meanwhile, Shanghai factories have suspended production due to power rationing.Sichuan, home to some large lithium producers, is also shuttered due to government power rationing Two of the major trade lanes for U.S. shippers are under strain this peak season. The heatwave in China has shut…