The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight. 

The Authorization would allow workers to withdraw their services from the company when permitted by the National Mediation Board.

The United States Commerce Department added five Chinese companies that deal with Russia to its “entity list” April 12.

Kearney’s “10th Annual Reshoring Index Report” showed 96% of CEOs are considering reshoring operations, have decided to reshore operations, or have already reshored operations in 2023.

While the G7 statement was not specifically directed at China, the group believes a high concentration of supply chains in any single country is undesirable.

Marking the end of a “soft first quarter,” the Port of Los Angeles processed 623,234 TEUs in March 2023, marking continued volume decline.

Berlin is expected to adopt a more critical stance on China following Beijing’s increasingly militaristic threats against Taiwan.  

The decrease in dwell time has been aided by the shift in trade patterns, with many shippers opting to use the Port of New York and New Jersey instead.

Aero Africa is launching a new sea-air transport product that will provide transportation from Asia to 70 different African destinations.

After an almost two-year hiatus, IAG will once again provide shipping and transportation services from London Heathrow to Beijing and Shanghai.