Global Trade

A little more than one month after the Institute for Supply Management (ISM) conducted a member survey focused on how their businesses and supply chains are dealing with coronavirus, or COVID-19, as it continues to wreak havoc on their supply chain operations, the organization a new survey this week.

Total March POLA volume—at 449,568 TEU (Twenty-Foot Equivalent Units)—saw a 30.9% annual decline, and total March POLB volume—at 517,663—slipped 6.4% annually.

In the wake of Brexit and continuing trade struggles across the continent, U.S. shippers are urged to be flexible as new formalities take hold.

it’s worth noting that the international passenger cruise industry has been particularly quiet about restoring scheduled calls to any of our nation’s great ports. Could COVID-19 be the final nail in the coffin?

What the pandemic has reminded us is how critical supply chain and logistics are at the foundational level.

Earnings per share, at $1.41, fell short of Wall Street expectations of $1.43, and revenue, at $17.5 billion, was up 1% annually. Net income, at $315 million, dropped 57% for the same period, and quarterly operating income, at $411 million, was down 55%.

Arguably, no other sector of our industry's arena has been harder hit than food logistics providers. Now, and important shipper's alliance is asking Washington for some help.

A change at the top is coming for Atlanta-based global transportation and logistics bellwether UPS, with the company announcing today that the UPS Board of Directors has named Carol Tomé as its new CEO, effective June 1. Tomé will replace UPS Chairman and CEO David Abney.

Total February POLA volume—at 544,037 TEU (Twenty-Foot Equivalent Units)—saw a 22.9% annual decline. At the Port of Long Beach, total February volume—at 538,428 TEU—saw a 9.8% annual decline.

Amazon’s supply chain begins with the customer and works backwards. But Amazon is not alone.

The American Association of Port Authorities (AAPA) today issued the following statement that recognizes the threat to both human health and world economic stability related to the novel coronavirus (COVID-19) outbreak.

6 Best Practices to Improve Compliance with a Restricted Party Screening Solution, to discover strategies to streamline your global trade.

Logistics Management Group News Editor Jeff Berman recently caught up with Jim Gehr, President, Retail, DHL Supply Chain, North America, at the RILA (Retail Industry Leaders Association) LINK 2020 in Dallas. Their conversation focused on a wide range of topics, including trade and tariffs, Peak Season, coronavirus, and last mile logisitcs, among others.

San Francisco-based freight forwarder, Flexport, today announced the launch of “Trade Advisory,” a service designed to help its domestic shippers identify cost saving opportunities, explore tariff mitigation strategies, minimize operational risk, and implement best practices for trade compliance amid unprecedented global complexity.

The coronavirus (COVID-19) epidemic could be more damaging to the global economy than the SARS outbreak in 2003, maintains the IHS Markit February Global Economic Forecast.