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Showing research about Corp - Shipping

20210825-tjx-seasonal-600x402

TJX offsets freight surge with price rise, cost cuts

TJX reported an increase of revenues of 81.1% year over year that exceeded expectations by 10.0%. Nonetheless, CFO Scott Goldenberg noted in the companies earnings call that they expected freight, supply chain and wage costs to be higher” in the second half. Imports associated with the company... Read more →

20210818-inflation-commodities-600x402

Supply chain inflation bow wave washes into Q3’21

Global supply chains have been beset by cost inflation since late 2020 with a wide range of commodities continuing to experience rising prices, up 0.5% as of August 13. This inflation is not limited to commodities, as import price data shows the prices of key manufacturing components like plas... Read more →

20210809-suez-scarring-ports-600x396

Suez scarring improves appeal of new Orient Overseas service

Orient Overseas has launched a new, rail-and-sea containerized freight service from Xi’An in China to the U.S east coast via Bremerhaven in Germany. That may prove attractive to shippers that faced disruptions as a result of the Suez Canal blockage earlier in 2021. It may also help maintain Or... Read more →

20210806-feds-seasonal

ZIM Shipping, MSC face attention in FMC’s surcharge inquiry

The U.S. Federal Maritime Commission has launched an “expedited inquiry” into port congestion charges, targeting eight container shipping which represented 50.2% of U.S. seaborne imports of containerized freight in Q2’21. That follows: a surge in “freight all kinds” (pre-surcharge) rates; a wi... Read more →

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