☕ Cargoccino is our bi-monthly post for logistics professionals and importers, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
US Detention & Demurrage Cases Explode!
Detention & demurrage (D&D) cases in the US are exploding! The number has tripled since the pandemic, overwhelming the FMC. This surge could lead to longer delays in resolving shipping issues.
Source: Seatrade Maritime
RXO Snaps Up UPS Unit for $1 Billion, Stock Soars!
RXO is acquiring Coyote Logistics, UPS's freight brokerage unit, for $1.025 billion. This forms the 3rd largest broker in North America and is expected to significantly boost RXO's earnings. Both companies' CEOs see growth opportunities: RXO's customer base with million-dollar deals jumps 80%, while UPS can focus more on its core business. The deal is expected to close by year-end, sending RXO's stock soaring over 15%.
Source: Investopedia
Red Sea Attacks: Seafarers Demand Action
The shipping industry is in an uproar after a series of attacks by the Houthis in the Red Sea. These attacks, including the sinking of the M/V Tutor, have resulted in the deaths and injuries of innocent seafarers.
Industry groups are calling for immediate action to stop these attacks and ensure the safety of crews delivering vital goods worldwide.
Source: GCaptain
Strong Start to Peak Season, But Yang Ming Cautious
Yang Ming reports a strong early peak season with bookings for July matching June's highs. However, the company remains cautious due to global uncertainty and the impact of Red Sea rerouting. This disruption requires additional vessels, tightening supply and pushing freight rates up, but its long-term impact is unclear.
Source: JOC
Port of Houston: Volumes Boom 21% in May
May volumes at Port Houston surged 21%, fueled by consumer spending and a rise in Texas manufacturing. This growth comes despite global challenges. The port is confident it can handle even larger vessels by year-end thanks to their ongoing expansion project.
Source: AJOT
Avocados on Hold! 🇺🇸 Safety Concerns in US
The US is suspending avocado and mango inspections in Mexico's Michoacan state after a security incident involving USDA staff. This could disrupt a major Mexican export, but existing shipments are unaffected. The suspension will last "until further notice" while security is reviewed.
☀️ SUMMER TO DO LIST ☀️
LEARN ✅: Why Do Prescription Pills Come in Orange Bottles?
GUESS ✅: Look at the frame, name of the movie
PLAY ✅: Our Summer Supply Chain Game #1
☕ What is Brewing at BlueCargo? ☕
- We have added back our Gates Schedules to the platform
- Do you have Reefers that hit D&D recently? Our experts are refining the D&D mitigation for all refrigerated containers
BlueCargo has been names the Supply Chain Visibility Solution of the Year (SCV). The press has got it out now:
👉 AJOT
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