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    Press Release

    Global Cargo Bottleneck expected into 2022

    A global cargo bottleneck on the world’s roads, seas and air corridors could easily extend into next year, continuing to increase shipping costs, according to analysts. The global air-freight and ocean markets have undergone tremendous turbulence since late 2019. This has promised to be a windfall for truckers, airlines and maritime shipping lines. Retailers, manufacturers and anyone else who pays...

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    Vietnam Container Volume Up 8.5% in 2020, Expansion Underway

    Vietnam container port volumes increased by 8.5% in 2020 to 16.94 million TEU, up from 15.62 million TEU in 2019. Growth was primarily driven by substantial terminals in Lach Huyen, in central Vietnam, and Cai Mep in the South province of Vung Tau, close to Ho Chi Minh City. Volume at Lach Huyen, a public private partnership between the government...

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    Taiwan Export Orders Surge

    Taiwan’s exporters defied a global slowdown to post record orders in 2020, fueled by rising demand for chips and smartphones. Export orders climbed 10.1% last year to $533.7 billion, an all-time high, according to data from Taiwan’s Ministry of Economic Affairs. Orders surged 38.3% in December from a year earlier, the fastest pace since March 2010, to reach a new...

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    The Calm Before Brexit’s Border Storm

    On the day the U.K. makes its final break with the European Union, the ports are clear of truck backups, goods are moving smoothly and grocery-store shelves are well stocked. Even so, U.K. businesses that rely on some 1.2 billion pounds ($1.6 billion) worth of products crossing the border each day are taking no chances. At 11 p.m. Thursday, Brexit...