Surcharges Loom as Labor Disruptions Threaten US East and Gulf Coast Ports
As the countdown for strike action at ports along the US East and Gulf coasts ticks down, shipping lines have begun announcing surcharges in anticipation of labor disruptions. Because a strike date is set for October 1st, carriers implement these emergency operations surcharges to offset the expected costs and challenges of potential port blockages and […]
Weathering the Storm: Bestway International Tackles Rising Ocean Rates and Air Freight Challenges
In 2024, the logistics landscape is more dynamic and challenging than ever. Shippers need reliable partners to navigate turbulent times with skyrocketing ocean freight rates and limited air freight capacity. Bestway International provides the expertise and innovative solutions you need to keep your supply chain flowing smoothly. Rising Ocean Freight Rates: A Perfect Storm Global […]
Bestway International: Exceptional Intermodal Logistics Services
Our modern logistics mix is more volatile than ever. Shippers need reliable partners who can seamlessly coordinate complex intermodal transportation and freight forwarding needs. At Bestway International, we pride ourselves on delivering exceptional intermodal logistics services that ensure your goods reach their destinations smoothly and on time. Why Choose Bestway International for Intermodal Logistics? Expertise […]
Baltimore Port Resumes Operations as MV Dali is Refloated
Bestway learned in a very welcome update that the MV Dali, a 9,000 TEU container ship, blocked the Port of Baltimore for nearly two months after colliding with the Francis Scott Key Bridge on March 26th. This incident halted vessel transits, deeply impacting the port’s operations. However, the vessel is now being refloated, and operations […]
USTR Revises Section 301 Tariffs: What This Means for International Trade and Logistics
The U.S. Trade Representative (USTR) has announced new revisions to Section 301 tariffs, marking a public shift in trade policy with China. These changes, rolling out over the next few years, will majorly impact various industries, especially those involved in international trade and logistics. Understanding Section 301 Tariffs Initially, Section 301 tariffs were implemented to […]
Red Sea Shipping Disruptions: Bestway’s Analysis of Current Maritime Challenges
In the wake of escalating tensions in the Gulf of Aden, Bestway is closely monitoring the maritime industry’s response, particularly the strategic decisions affecting global shipping routes. The recent move by Cosco-owned OOCL to halt cargo acceptance to and from Israel is a significant development, underscoring the heightened concerns over maritime safety. The situation’s complexity […]
The Booming Growth of US-Mexico Cross-Border Trade: An Opportunity Not to Be Missed
The United States and Mexico share a rich and intertwined history, and their trade partnership is a testament to their enduring relationship. In recent years, we’ve witnessed a consistent surge in cross-border trade, with experts predicting this growth to reach a staggering $1 trillion by 2028. Since December, the Mexican peso is among the top […]
Navigating Drought-Induced Panama Canal Restrictions with Slow Steaming
Severe drought conditions in the Panama Canal are having a significant impact on global supply chains, as the Panama Canal Authority implements draft restrictions limiting the amount of cargo the world’s largest ships can carry. From February through April, rainfall in the Panama Canal declined by 50% compared to recent averages, SeaTrade-Maritime reports. Water levels […]
Detention and Demurrage: Updates
Detention and demurrage charges are back in the news as carriers stop charging for days when the terminal is closed. Under the threat of the FMC investigation leading to questions of antitrust, carriers are giving in and accepting that customers shouldn’t be responsible for not returning containers on days when containers couldn’t be returned through […]
Unions & Workers: A Fork in the Rail
Rail unions are struggling to pass the National Tentative Agreement, suggested back in September as two have now rejected the offer due to lack of sick time and vacation days. In the event of a rail strike, the US economy could lose $2 billion per day in revenue, prompting shippers, carriers and holiday retailers to […]
