{"id":1008,"date":"2023-08-05T08:00:00","date_gmt":"2023-08-05T08:00:00","guid":{"rendered":"https:\/\/logisticsportal.net\/?p=1008"},"modified":"2024-01-07T18:37:09","modified_gmt":"2024-01-07T18:37:09","slug":"logistics-recap-july-30th-august-5th","status":"publish","type":"post","link":"https:\/\/logisticsportal.net\/?p=1008","title":{"rendered":"Logistics Recap July 30th – August 5th"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.16″ _module_preset=”default” background_image=”https:\/\/logisticsportal.net\/wp-content\/uploads\/2022\/02\/container-gb7384e8e9_1920_dark.jpg” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_fullwidth_header _builder_version=”4.23.4″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#2b87da 0%|#1c2887 100%” background_image=”https:\/\/logisticsportal.net\/wp-content\/uploads\/2024\/01\/pexels-pixabay-53594-scaled.jpg” min_height=”173px” custom_margin=”-29px|||||” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” title_text=”pexels-pixabay-53594″ sticky_enabled=”0″]

Logistics Recap <\/strong><\/h1>\n

July 30th <\/strong>– August 5th<\/strong><\/h1>[\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_divider show_divider=”off” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.23.4″ _module_preset=”default” link_text_color=”#0C71C3″ link_option_url_new_window=”on” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]

Trans-Pacific spot rates surpass contract rates<\/b><\/p>\n

Annual trans-Pacific contract rates reset to sharply lower levels in May. Even so, multiple ocean carrier execs insisted on conference calls that they did not sign annual contracts at levels that locked in a year\u2019s worth of losses.<\/p>\n

Now, according to data from Xeneta, average trans-Pacific spot rates have just edged above average contract rates.\u00a0If carrier execs are telling the truth about not signing loss-making contracts, and if spot rates are at or above contract levels, it implies a more sustainable market for shipping lines.<\/p>\n

Read More Here Freightwaves<\/a><\/strong><\/p>\n

 <\/p>\n

Yellow Corp.\u2019s shutdown may lead to LTL costs<\/strong><\/p>\n

Yellow Corp.\u2019s shutdown has left shippers without a major player in the less-than-truckload space \u2014 a development that\u00a0<\/span>means higher costs are likely in store, according to trucking industry analysts.\u00a0<\/span><\/p>\n

\u201cThere\u2019s probably going to be an increase in the pricing charged to the shipper,\u201d said Craig Decker, who leads investment banking activities across supply chain, logistics and transportation areas at Brown Gibbons Lang & Co.<\/p>\n

Read More Here Supply Chain Dive<\/a><\/strong><\/p>\n

 <\/p>\n

Global grain prices increasse following attack on Unkraine\u2019s Port of Izmail<\/strong><\/p>\n

Global grain prices increased after Russia attacked Ukraine\u2019s\u00a0<\/span>Port of Izmail<\/a>\u00a0<\/span>across the Danube River from Romania August 2.<\/p>\n

The attacks destroyed multiple buildings and stopped ships from docking in the port, preventing Ukrainian grain being shipped down the Danube River and out through the Black Sea. Ukrainian Deputy Prime Minister Oleksandr Kubrakov said the drone strikes damaged roughly 40,000 tons of grain that were destined for China, Africa and Israel \u2014 approximately one shipload. The disruption to shipping, however, is significant.<\/p>\n

Read More Here Supply Chain Brain<\/strong><\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

Logistics Recap July 30th – August 5thTrans-Pacific spot rates surpass contract rates Annual trans-Pacific contract rates reset to sharply lower levels in May. Even so, multiple ocean carrier execs insisted on conference calls that they did not sign annual contracts at levels that locked in a year\u2019s worth of losses. Now, according to data from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1140","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[29,25,24,31,26,19,28],"class_list":["post-1008","post","type-post","status-publish","format-standard","hentry","category-news","tag-freight","tag-logistics-2","tag-news-2","tag-recap","tag-shipping","tag-supply-chain","tag-transportation"],"yoast_head":"\nLogistics Recap July 30th - August 5th - Logistics Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/logisticsportal.net\/?p=1008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logistics Recap July 30th - August 5th - Logistics Portal\" \/>\n<meta property=\"og:description\" content=\"Logistics Recap July 30th - August 5thTrans-Pacific spot rates surpass contract rates Annual trans-Pacific contract rates reset to sharply lower levels in May. 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