Cargoccino: Disruptions, Delays, and Deals in a Chaotic Market
From skyrocketing detention & demurrage (D&D) cases in the US to ongoing security concerns in the Red Sea, navigating the current landscape can feel like an uphill battle.
D&D Case Explosion: A Growing Menace
Detention and demurrage charges have tripled in the US since the pandemic. This surge is overwhelming the Federal Maritime Commission (FMC), leading to longer delays in resolving disputes.
What does this mean for you? Potential delays in retrieving your cargo and a higher risk of hefty fees.
RXO's Big Move
In a recent blockbuster deal, RXO acquired Coyote Logistics, UPS's freight brokerage unit, for a cool $1 billion. This move creates the 3rd largest freight broker in North America, potentially shaking things up significantly.
What does this mean for you? Increased competition could lead to more competitive pricing for shippers.
Red Sea Unrest: A Call for Action
A series of attacks by the Houthis in the Red Sea has thrown a wrench into global shipping. Seafarers are understandably demanding action to ensure their safety.
What does this mean for you? Potential delays and rerouting of shipments impacting delivery times and costs.
Port of Houston: Volumes Boom 21% in May
Despite ongoing global supply chain challenges, Port Houston saw a 21% increase in container traffic in May compared to last year.
The port credits a few factors for the growth:
- Increased consumer spending: Newly built warehouses and distribution centers are supporting a rise in imports of furniture, hardware, and retail goods (up 18%).
- Strong Texas manufacturing: Exports are also thriving, with loaded exports rising 21% in May.
Avocado Hold: Safety Concerns in the US 🇺🇸
The US is suspending avocado and mango inspections in Mexico's Michoacan state following a security incident involving USDA staff. This may disrupt a major Mexican export, but current shipments are not affected. The suspension will be in place "until further notice" while security measures are being reviewed.
Head over to our Blog Post for our Summer to-do list
Where you will:
- Learn
- Guess
- Play
Blog Post HERE
☕ What is Brewing at BlueCargo? ☕
- We have added our Gates Schedules back to the platform
- Do you have reefers that have recently incurred demurrage and detention (D&D) charges? Our experts are refining a tool for all refrigerated containers.
- BlueCargo has been named the Supply Chain Visibility Solution of the Year (SCV). The press has released the news now.
Supply Chain Digital: Article HERE
AJOT: Article HERE