There was a further slight softening of container spot rates from Asia to the US and Europe this week, but carriers appear to have held their nerve and avoided any significant discounting after China’s Golden Week holiday.
The Freightos Baltic …

Two carriers in particular stand out for their flexibility and speed in shifting cargo at the start of Covid: Virgin Atlantic Cargo and United Cargo.
Virgin Atlantic, which has had a very impressive pandemic, rather modestly (or perhaps diplomatically, given …

Georgia Ports Authority is leaning on US exporters to pitch in to help reduce congestion at the port of Savannah.
It is moving to fixed dates for export containers to be dropped off at the port, reducing the leeway exporters …

Prominent Hong Kong-based industrialists Jeffrey Lam and Jimmy Ng on Wednesday outlined how the power crisis in China and capacity and equipment crunch in container shipping have hit their businesses.
Mr Lam, of toy maker Forward Winsome Industries, founded by …

SEEKING ALPHA reports:
– Honeywell (NASDAQ:HON) -1.6% pre-market after edging past Q3 earnings estimates but cutting full-year 2021 sales guidance due to supply chain constraints and the ongoing effects of the “macro-challenged environment.”
– Honeywell now sees FY 2021 revenues …

Swiss forwarder Kuehne+Nagel had a barnstorming third quarter and, indeed, first nine months of 2021.
All quarterly results are, of course, uncomparable in these unpredictable times.
Nevertheless, management are thoroughly pleased with themselves, having lifted sales by 70% to CHF8.6bn …

PRESS RELEASE 
JACKSONVILLE, Fla., Oct. 20, 2021 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.734 billion in the 2021 third quarter, a 60 percent increase over revenue of $1.086 billion in the 2020 third quarter. …