[FFW News] More trouble for Norfolk Southern...

Welcome back to Freight Weekly

TODAY ON THE LOAD BOARD shippers need quotes for:...

🚢China to Uganda: salon equipment

🚢Turkey to the United States: winter suits, knitted goods, coats (LTL)

🚢Laos to the Maldives: one box height of 32cm, width of 25cm, and length of 44cm

Can you service these quotes? See the details on the FFS Load Board here.

📈 BY THE NUMBERS: Important numbers impacting freight and logistics

⛽ Diesel: $4.475 gal (⬆️from $4.389 last week) - Source: EIA

✈️ Air Cargo Index (July ‘23): 167.6 (⚖️ from $167.6 in June ‘23) - Source: FRED

🚢 Global Container Index: $1,530 - Source: Freightos

Logistics News for August 31, 2023

🚄Norfolk Southern railroad snarled after technology outage

Class I rail operator Norfolk Southern announced that it was recovering from what it characterizes as a “hardware-related technology outage” that disrupted its entire rail network in the Eastern United States. Lingering effects may last for the next couple of weeks as the controversial carrier investigates the outage. All system functionality was restored by 7 p.m. EST on Monday. Read more on AP

🥵Droughts and climate change negatively impact shipping flows

As the Panama Canal Authority continues to limit transit through the canal, the concern over droughts and climate change’s impact on shipping is being felt all over the world. Reduced water levels in rivers and man-made canals are shown to be harming the speed of shipping, therefore bottlenecking commerce. More

🚢Major Southern California ports continue to see volume drops

The sister ports of Los Angeles and Long Beach are continuing to see volume drops, according to the most recent data. Executives and port administrators have stated that volumes will resume after the major labor settlement is reached with the longshoremen’s union and the port employers. In addition to that, the volumes do not match peak volumes during the pandemic and in previous years. For example, the Port of Los Angeles reported its July volumes had an overall decline of 27 percent. This was 684,291 TEU. Maritime Executive report…

🫶Canada wants to nearshore in Mexico

Canadian companies are interested in nearshoring production to Mexico in an ongoing trend among North American companies looking to cut out China and reduce shipping expenditure. At least, this is according to Scotiabank. Report

Other stories…

• “FedEx to implement higher surcharges for 2023 peak season” - Supply Chain Dive

• “Panama Canal restrictions are rerouting LPG shipping flows” - Freight Waves

• “Panama Canal solutions sought” - Splash 24/7

• “Inflation Has Been Easing Fast, but Wild Cards Lie Ahead” - New York Times

Like what we’ve done with the place? New format, new title, new identity. Thank you for reading Freight Weekly❤️ Boxy & Michael

Compiled by Michael McGrady – news analyst and writer.

Do you have a tip? Feedback? Email him – [email protected]