Global Trade

Logistics Management Group News Editor Jeff Berman recently spoke with Glenn Koepke, GM, Network Collaboration, for Chicago-based FourKites, a provider of real-time tracking and visibility solutions across transportation modes and digital platforms. Koepke provided Berman with an overview of the impact of the Russia-Ukraine conflict on North American supply chain and logistics operations, rates, capacity, and other topics.

Total February U.S.-bound containerized freight imports—at 2,528,809 TEU (Twenty-Foot Equivalent Units)—were down 5.5% compared to January and up 6.9% annually. And for U.S.-bound shipments, Panjiva reported that February shipments—at 1,234,197—were off 7.7% compared to January and up 17.7% annually. On a year-to-date basis, shipments—at 2,571,891—are up 15.06% compared to the first two months of 2021 and imports—at 5,206,073—are up 2.66%, for the same period.

In another move focused on taking steps to continue to expand its ongoing e-commerce growth and support its supply chain network, global retail giant Walmart said earlier this week it will build a new southern Pennsylvania-based fulfillment center. The new 1.8 million square-foot (MSF) facility, which is expected to be open this Spring, will be based in Shippensburg, Penn. at 2281 United Drive, with Walmart saying it is expected to bring up to 600 full-time jobs.

Logistics Management (LM) Group News Editor Jeff Berman recently spoke with Port of Oakland Executive Director Danny Wan. Wan provided LM’s Berman with a wide overview of various efforts the Port of Oakland is focused on, including: port operations; the import and export outlook, emissions reductions efforts, and port labor, among others.

采取进一步措施sta“解锁价值”keholders, Greenwich, Conn.-based truckload and less-than-truckload (LTL) services provider XPO Logistics said yesterday it plans to spin off its North American truck brokerage from its less-than-truckload business, as well as its related asset-light businesses. What’s more, XPO also announced it plans to divest its XPO Europe business and is also in exclusive negotiations with a buyer for the sale of its North American intermodal business.

Austin, Texas-based E2open, a network-based provider of cloud-based, mission-critical, end-to-end supply chain management platform services, saying it has bought Rolling Meadows, Ill.-based Logistyx Technologies, a provider of global parcel and e-commerce shipping and fulfillment technology services, for $185 million.

会back to when the fee was initially rolled out on October 25, POLA and POLB said that the ports have seen a cumulative 64% decline in the amount of aging cargo on their docks, a tally which has trended up going back to the initial announcement of this fee.

考虑到流动性、不确定性和动荡年代ituation has created, things are anything but predictable, at this point in time, save for a healthy dose of speculation and forecasting, as to how things may play out in the short-term and also how long this conflict could last and continue to foster the unknown in a sense.

Earlier today, the boards of directors of Greenwich, Conn.-based global contract logistics services provider GXO Logistics Inc. and London-based Clipper Logistics plc, a provider of omni-channel retail logistics services said that they have come to terms on a recommended cash and share acquisition, in which Clipper will be acquired by GXO.

Following a news leak, which indicated that Greenwich, Conn.-based global contract logistics services provider GXO Logistics was acquiring London-based Clipper Logistics plc, a provider of omni-channel retail logistics services, the companies said on February 20 that their respective boards announced in a joint statement “they have reached agreement on the key terms of a possible cash and share offer for Clipper by GXO.”

GXO Logistics Inc. reported fourth quarter revenue came in at $2.3 billion, marking a 28% annual increase, when it was still part of XPO Logistics, for a new company high. Net income came in at $56 million and was up 10.8% annually, and operating income, at $63 million, was up 20.6%. Adjusted EBITDA also saw a new high, at $167 million, rising 12.6% annually. For calendar year 2021, revenue, at $7.9 billion, rose 21.5%, with operating income at $151 million.

NetCHB’s service offerings helps customers streamline and automate customs filing processes and the declaration process for high volumes of e-commerce shipments in the U.S., according to a Descartes spokesperson.

The company's Industrial Business Indicator (IBI) report stated that in the fourth quarter, United States vacancy, at 3.4%, dropped to an all-time low and is expected to remain at historic lows through 2022, with market rents pegged to increase by another 10%

The Port of Los Angeles (POLA) and the Port of Long Beach (POLB) said late last week that they have again postponed the implementation date for their ocean carrier Container Dwell Fee, which will now not be considered until February 11. This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would be pushed back each week going back to the week of November 22.

Securing capacity for airfreight, ocean, ground, and final mile parcel, as well as meeting labor needs, will be the keys to enable growth and the consumer experience in 2022. That was the word from James Gagne, president and CEO of Chicago-based 3PL and global freight forwarder SEKO Logistics, at the company’s Media Day Market Update earlier this week.