Ongoing Concerns Revolve around the Red Sea and International Ocean Freight
Shippers worldwide are closely observing the developments in the Red Sea as container lines endeavor to adapt their shipments with a focus on safety, cost- effectiveness, and efficiency. There is a surge in spot container rates for shipments to and from various destinations that is posing a challenge for container lines grappling with extended lead […]
PVC Demand Projected to Remain Steady into 2024, Mirroring Pre-COVID Levels
As we head into 2024, the demand for PVC across various industries, including housing, is expected to begin the year on a stable note, a consensus among many experts suggests.With interest rates reaching their highest in a decade, new housing starts are maintaining relatively modest levels. However, a swift growth in demand is anticipated once […]
Legislation and Infrastructure Bills Poised to Boost Chemical Industry in 2024
A diverse array of political policies and legislative measures are poised to stimulate demand across the chemical industry in 2024.This surge is anticipated as a result of projects spanning areas such as 5G network expansion, housing developments, and various infrastructure initiatives eagerly awaiting government funding. Industry experts concur that numerous projects, initially slated for 2023, […]
Houthi Militant Attacks on Red Sea Shipments Impact Global Supply
Recent attacks by Iran-backed Houthi militants on ships passing through the Red Sea are impacting global trade with immediate implications. Nearly ten shipping companies have announced changes to global shipping lanes to avoid the region, causing some lanes to take 40% longer and multiple times more expensive to handle. Countries are vowing to provide increased […]
LTL Shipments Face Headwinds to End Year
Navigating the world of LTL shipments has become increasingly challenging in recent months, especially following the closure of YRC.This complexity is intensifying as we approach the holiday season, traditionally a time of tight constraints in the shipping industry. Interestingly, while LTL shipments are experiencing a surge in volume, other sectors of the transportation industry are […]
