According to Sea-Intelligence analysis, container line schedule reliability continues to improve and has largely returned to pre-pandemic levels.
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05 2023
Supply chains are playing with spare capacity for the first time since June 2020. GEP’s global supply chain volatility index—tracking demand conditions, shortages, transportation costs, inventories, and backlogs—fell to -0.4 in April, the first negative reading since mid-2020.
According to Sea-Intelligence analysis, container line schedule reliability continues to improve and has largely returned to pre-pandemic levels.
There will be a huge influx of belly capacity hitting the air freight market soon, which is expected to drive rates down further as carriers scramble to fill their aircraft with cargo.
04 2023
The European Parliament and EU member states have agreed on the ReFuelEU aviation initiative, which will require fuel suppliers to blend sustainable aviation fuels (SAFs) into paraffin in increasing amounts over time.
Canadian Pacific (CP) and Kansas City Southern (KCS) recently combined to create Canadian Pacific Kansas City (CPKC), the first and only single-line railway network connecting Canada, the U.S., and Mexico. The combined railroad has its company headquarters in Calgary, Alberta, and its U.S. headquarters in Kansas City, MO. The merger became effective on 14 April 2023.
03 2023
On 18 March 2023, CBP deployed the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This provides an early notification to importers and their representatives of goods that may have been produced in the Xinjiang Uyghur Autonomous Region (Xinjiang or XUAR) and may be excluded from importation into the United States. This enhancement includes electronic data interchange (EDI) as well. U.S. Customs & Border Protection (CBP) has published a dashboard providing statistics on shipments subjected to UFLPA reviews and enforcement actions.
02 2023
After a three-year wait, China has reopened its borders as all types of visa applications have resumed, and visa-free policies have been reinstated. You only need a valid visa, passport, and a PCR or antigen self-test to enter China.