CMA CGM s earnings soar on shipping rush

PARIS, Nov 19 (Reuters) - Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched....

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High shipping costs to push up global inflation, UN warns

The UN has warned that elevated shipping costs resulting from the global supply chain crunch will further fuel inflation around the world and disproportionately hit developing nations’ economies....

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New Fines For Empty Shipping Containers Start Monday

WILMINGTON (CBSLA) — New fines meant to clear the backlog at the Port of Los Angeles will start Monday. The backlog at the port has impacted the global supply chain leading to inflation and delayed deliveries....

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Ports and Airports Continue Climb Back to Normalcy

With a year plagued by severe weather and coronavirus recovery, ports across North America are clamoring to stay ahead of the cargo backlogs and shipments. Many ports experienced drastic changes in expected shipments as China and other major exporters continued to struggle with industrial output....

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Backlog of shipping containers at Ports of L.A., Long Beach appears to be easing

The backlog of containers at the Ports of Los Angeles and Long Beach appears to be easing, days before new fees are set to begin for shipping companies responsible for containers clogging the docks....

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Vietnam still coping with pandemic impact on supply chain, manufacturing

Vietnam continues to adopt social distancing measures due to the spread of the COVID-19 Delta variant, leading to interruptions in production and supply chains. Several foreign-invested companies in the country have reduced production or moved their factories. Additionally, the number of local Vietnam-based companies ...

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China wants to Own Shipping s Digital Operating System

At the heart of US dominance as an information empire back in 20th century was the AT&T Company. For decades, AT&T deployed its expertise to solve some of the most complex and sensitive telecommunications puzzles of the era. This included helping to develop nuclear weapons technology, a ballistic missile warning system ...

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Exorbitant ocean rates, need for speed give air cargo an edge

Increased use of airfreight by shippers trying to avoid clogged ports is adding pressure to overtaxed air capacity and sharply pushing up rates, especially out of Asia, but new data showing demand plateaued in October reinforces evidence that the traditional busy shipping season started earlier than normal....

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European road freight rates at record highs

The European Road Freight Rate Benchmark for Q3 shows that prices have hit historic highs across Europe, driven by a mix of robust economic growth, global supply chain bottlenecks, rising costs and scarce capacity. Ti and Upply are joined by IRU for the Q3 Benchmark for the first time....

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U.S. regulator expects to find abuses in shipping amid supply chain woes

WASHINGTON (Reuters) – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes....

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