Rising oil prices in Mexico are projected to increase US-Mexico logistics costs by 8-14%, putting pressure on businesses. Peso devaluation exacerbates trade imbalances, while Trump's policies may reshape the trade landscape. Companies need to re-evaluate supply chains, hedge exchange rate risks, and diversify markets. Governments should strengthen cooperation to mitigate potential negative impacts.
MSC has announced the suspension of booking services for its Mali route, citing security concerns and fuel shortages that are disrupting operations. Customers with existing bookings have the option to fulfill delivery, suspend transit, or arrange alternative storage. Industry experts worry this decision could potentially affect other shipping companies and transit ports. However, CMA CGM has stated that it will continue its operations in the region for now.
ATOBA Energy aggregates airline SAF demand, securing long-term offtake agreements with producers. This optimizes pricing, reduces procurement risks, and supports the SAF industry's growth. The model addresses high SAF costs and supply instability, helping the aviation industry achieve sustainability goals. By pooling demand and negotiating favorable terms, ATOBA aims to make SAF more accessible and reliable, fostering a more sustainable future for air travel.
IATA's 'Fly Net Zero' initiative and Ambrian Energy GmbH are supporting the aviation industry's decarbonization efforts. Data analysis is driving decision-making, accelerating the transition to sustainable development. This collaborative approach aims to reduce the industry's carbon footprint and achieve net-zero emissions by leveraging innovative technologies and strategic planning. The focus is on promoting sustainable aviation fuels and implementing effective strategies aligned with IATA's goals for a greener future for air travel. This partnership highlights the importance of data-driven insights in achieving ambitious environmental targets.
Last Friday's FX market was complex. US stock declines triggered risk aversion, strengthening the USD against risk currencies, but failing to move the Euro and Canadian Dollar. The Canadian Dollar benefited from strong economic data, bucking the trend. The Australian and New Zealand Dollars fell due to risk sentiment. Hawkish comments from Fed officials resurfaced, highlighting inflation concerns. The article also provides technical analysis outlooks for major currency pairs.
This article outlines that starting from July 18, 2025, a peak season surcharge will be implemented for shipments from the Indian subcontinent and the Middle East to the US East Coast and Gulf ports. This measure aims to address market fluctuations and rising costs, ensuring the quality and stability of transportation services to meet customers' demands for reliable logistics solutions.
Hapag-Lloyd announced that starting August 28, 2024, the GRI fees for shipping from Asia to South America and the West Coast will increase by $2,000. Additionally, a peak season surcharge will be imposed on container cargo from the Far East to Australia. This adjustment in policy occurs amidst frequent fluctuations in current market freight rates and has garnered widespread attention.
This article explores the concept of Port Congestion Surcharge (PCS) and its impact on logistics costs, analyzing the detailed PCS charges of major shipping companies at various destination ports. This information aids shippers in formulating a reasonable logistics budget and minimizing potential losses. Moreover, the PCS fees vary depending on the port and congestion conditions, necessitating attention to updates from shipping companies.
This article provides a detailed analysis of the conversion between diesel mass and volume, indicating that one kilogram of diesel is approximately equivalent to 1.149 to 1.219 liters, with the specific value depending on diesel density. It also explores the factors influencing diesel density and offers practical application suggestions such as refueling and fuel consumption estimation, aiming to help readers perform more accurate diesel measurement and ensure safe fuel usage. The conversion factor is crucial for accurate fuel management and cost calculation.
Walmart plans to invest heavily in transforming its logistics centers in Canada over the next five years by introducing automated robots and artificial intelligence technologies to enhance logistics efficiency and safety. Additionally, Walmart has opened several high-tech distribution centers in the United States to meet the growing market competition and achieve smart upgrades.
