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Missouri Lawmakers Pass Fuel Tax Hike With Refund OptionJeanne Kuang

By Logistics, MarketNo Comments

JEFFERSON CITY, Mo. — Missouri drivers will likely pay more at the pump starting this fall after lawmakers passed a bill to raise the state’s fuel tax for the first time in more than two decades.JEFFERSON CITY, Mo. — Missouri drivers will likely pay more at the pump starting this fall after lawmakers passed a bill to raise the state’s fuel tax for the first time in more than two decades.Read MoreTransport Topics

CSX to Acquire Quality CarriersDan Ronan

By Logistics, MarketNo Comments

Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.Read MoreTransport Topics

Vigillo Founder Steve Bryan's New Tech Company Measures Carrier ReputationsEric Miller

By Logistics, MarketNo Comments

A new data service aims to help motor carriers improve and maintain their reputations as safe operators before they ever have to face a plaintiff attorney’s wrath in a courtroom.A new data service aims to help motor carriers improve and maintain their reputations as safe operators before they ever have to face a plaintiff attorney’s wrath in a courtroom.Read MoreTransport Topics

Supply chain delay worsens as container rollover rates rises across many portsNews Desk

By MarketNo Comments

cargo rolloverRising Rollover Rates Show Worsening Maritime Supply Chain Delays.. This is the summary of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.

The report and figures indicate that maritime supply chain woes are worsening, with little indication that carriers are addressing the industry’s serious capacity issues.

Data from ports across the world collected by project44 shows that the percentage of containers missing their scheduled sailing is still rising, with some major carriers and ports posting rollover rates over 50% for the month of April.

While the average rollover rate for April across all surveyed ports and carriers was 39%, individual ports that account for a significant portion of maritime cargo posted even worse results.

transhipment roll-over ratio

Data from Port Klang (Malaysia), Rotterdam, and Athens all showed endemic congestion, posting rollover rates of 64%, 54%, and 59% respectively.

april 2021statistics - shipping and freight resource

 

On the carrier side, Hapag-Lloyd, CMA CGM, and ONE all showed worsening performance in April, posting rollover rates of 51%, 56%, and 53% respectively.

container rollover by carrier - april 2021 - shipping and freight resource

Other global ports and carriers reported similar numbers showing that abysmal performance now seems to be the industry norm.

With shippers entering their second year of pandemic-induced volatility, these numbers are a sobering reminder that volatility and under capacity are the new normal. Furthermore, rates are almost universally trending upwards, and well above the levels posted during April 2020.

Other ports where rollover rates are still rising include Kao-Hsiung, with a 53% rate, and Dubai’s Jebel Ali, which reported a 48% rate for April. Other carriers that posted worsening rollover rates include Evergreen, at 47% and ANL, at 57%.

Carriers have been watching their rollover rates increase for over a year, and have so far failed to mitigate the situation,” said Josh Brazil, VP of Ocean Markets. “Shippers need to accept this as the new reality. They are going to have to start making structural adjustments to their supply chains and enhance their visibility if they want to keep shelves stocked and factories running.


About project44

project44 solves some of the world’s most critical logistics challenges by connecting, automating, and providing real-time visibility into global transportation processes.

With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean.

To learn more, visit www.project44.com.

Media Contact
Charlie Pesti
charlie@pesti.io

The post Supply chain delay worsens as container rollover rates rises across many ports appeared first on Shipping and Freight Resource.

“Rising Rollover Rates Show Worsening Maritime Supply Chain Delays”.. This is the gist of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.
The report and figures indicate that maritime supply chain woes are worsening, with little indication that carriers are addressing the industry’s serious capacity issues.
Go to full article >>>
The post Supply chain delay worsens as container rollover rates rises across many ports appeared first on Shipping and Freight Resource.Read More

Supply chain delay worsens as container rollover rates rises across many portsNews Desk

By Logistics, MarketNo Comments

cargo rolloverRising Rollover Rates Show Worsening Maritime Supply Chain Delays.. This is the summary of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.

The report and figures indicate that maritime supply chain woes are worsening, with little indication that carriers are addressing the industry’s serious capacity issues.

Data from ports across the world collected by project44 shows that the percentage of containers missing their scheduled sailing is still rising, with some major carriers and ports posting rollover rates over 50% for the month of April.

While the average rollover rate for April across all surveyed ports and carriers was 39%, individual ports that account for a significant portion of maritime cargo posted even worse results.

transhipment roll-over ratio

Data from Port Klang (Malaysia), Rotterdam, and Athens all showed endemic congestion, posting rollover rates of 64%, 54%, and 59% respectively.

april 2021statistics - shipping and freight resource

 

On the carrier side, Hapag-Lloyd, CMA CGM, and ONE all showed worsening performance in April, posting rollover rates of 51%, 56%, and 53% respectively.

container rollover by carrier - april 2021 - shipping and freight resource

Other global ports and carriers reported similar numbers showing that abysmal performance now seems to be the industry norm.

With shippers entering their second year of pandemic-induced volatility, these numbers are a sobering reminder that volatility and under capacity are the new normal. Furthermore, rates are almost universally trending upwards, and well above the levels posted during April 2020.

Other ports where rollover rates are still rising include Kao-Hsiung, with a 53% rate, and Dubai’s Jebel Ali, which reported a 48% rate for April. Other carriers that posted worsening rollover rates include Evergreen, at 47% and ANL, at 57%.

Carriers have been watching their rollover rates increase for over a year, and have so far failed to mitigate the situation,” said Josh Brazil, VP of Ocean Markets. “Shippers need to accept this as the new reality. They are going to have to start making structural adjustments to their supply chains and enhance their visibility if they want to keep shelves stocked and factories running.


About project44

project44 solves some of the world’s most critical logistics challenges by connecting, automating, and providing real-time visibility into global transportation processes.

With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean.

To learn more, visit www.project44.com.

Media Contact
Charlie Pesti
charlie@pesti.io

The post Supply chain delay worsens as container rollover rates rises across many ports appeared first on Shipping and Freight Resource.

“Rising Rollover Rates Show Worsening Maritime Supply Chain Delays”.. This is the gist of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.
The report and figures indicate that maritime supply chain woes are worsening, with little indication that carriers are addressing the industry’s serious capacity issues.
Go to full article >>>
The post Supply chain delay worsens as container rollover rates rises across many ports appeared first on Shipping and Freight Resource.Read MoreShipping and Freight Resource

Army’s Precision Strike Missile breaks range record

By Defense, MarketNo Comments

Lockheed’s Precision Strike Missile, the U.S. Army’s next-generation deep-strike capability, reached 400 kilometers in a test at White Sands Missile Range, New Mexico.Lockheed’s Precision Strike Missile, the U.S. Army’s next-generation deep-strike capability, reached 400 kilometers in a test at White Sands Missile Range, New Mexico.Defense News