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NEWS & BLOG

LATEST NEWS ON LOGISTICS INDUSTRY

2022
DATE
08 - 25
Top 14 Global Container Schedule Reliability in 2021
Maersk is the most reliable carrier among the top 14 carriers with schedule reliability of 46.4% in 2021, this is followed by Hamburg Süd with 40.9%....
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2022
DATE
08 - 25
Review 2021: Top Amazon Marketplace Sellers in USA
Review 2021, in terms of GMV of each e-commerce platform, the cross-border e-commerce market is dominated by Amazon alone, followed by eBay, Walmart and other platforms.
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2022
DATE
08 - 24
Target Cancels More Than $1.5 Billion of Orders in Q2
Target said it reduced its inventory of non-essential goods throughout the second quarter by canceling more than $1.5 billion in orders and lowering commodity prices.
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2022
DATE
08 - 24
China Railway Express has reached 196 cities in Europe
As of the end of July this year, the China-European train has paved 82 transport routes, reaching 196 cities in 24 European countries.
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2022
DATE
08 - 24
Maersk will adjust TP7 by adding Prince Rupert and Surrey
To strengthen the Pacific North-West Coast improve customer experience, Maersk will adjust TP7 schedule by adding Prince Rupert and Surrey direct coverage.
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2022
DATE
08 - 24
Port of Los Angeles Expects Imports to Soften in August
It is reported that the import volume of the Port of Los Angeles in July did not decrease. But Gene Seroka, executive director of the Port of Los Angeles, said imports may finally start to fall this month.
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2022
DATE
08 - 23
Transit times from China to USA in Improving
A new report from digital freight forwarding platform Shifl shows that container liner companies serving the U.S. trade have been able to improve transit times over the past three months, particularly on routes between China and the U.S. West Coast.
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2022
DATE
08 - 23
UK's largest port strike poses challenge to supply chains
On 21 August, more than 1,900 port workers at the UK port of Felixstowe began an eight-day strike over wages that is expected to affect supply chains across Europe.
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2022
DATE
08 - 23
U.S. Core CPI Rises Less Than Estimates in July
The latest U.S. CPI data was released. The July CPI year-on-year and month-on-month data were both lower than expected, indicating that inflation peaked and fell temporarily. But inflationary pressures remained strong, with the food price index rising 10.9 percent year-on-year, the fastest pace since May 1979. Although the energy price index fell month-on-month, electricity prices rose 1.6%.
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2022
DATE
08 - 23
Target (TGT) Q2 2022 Earnings: Net Profit Plunges 90%
This week, "Target", the second-largest U.S. department store, released its Q2 2022 earnings. The earnings showed that revenue was US$26.037 billion, a year-on-year increase of 3.5%, slightly lower than market expectations; net profit was US$183 million, a year-on-year drop of 90%.
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