China Ocean Shipping Corporation (COSCO) has postponed their scheduled Trans-Pacific rate increase for September 15 under pressure from the Chinese Government. It is expected that OOCL will follow suit on this postponement. While the Chinese government can only issue this administrative direction to COSCO and OOCL, it is expected that other members of the consortium … Continued
Worldwide Logistics Group is pleased to announce the opening of their subsidiary in Germany. WWL Germany GmbH represents the company’s first office in Continental Europe. Worldwide Logistics Group now operates from 15 locations in eight countries. Tom Peacock, Worldwide Logistics’ Director of Supply Chain Solutions and a key figure in the expansion into Germany, said, … Continued
Worldwide Logistics Group has expanded its warehouse operations in California adding a 38,000 sq. ft. warehouse for additional capacity. The new facility is in close proximity to the existing Worldwide Logistics Group Torrance warehouse. Since opening the initial warehouse in Torrance in 2019, Worldwide Logistics has seen huge growth in both container transloading and fulfillment … Continued
Amazon has imposed restrictions on FBA (Fulfillment by Amazon) sellers, dictating the quantities they are allowed to store at Amazon warehouses. Sellers will have to comply with specific storage limits in cubic feet, which are calculated based primarily on commodity type and sales volume. Going forward, sellers will need to find alternative arrangements for any volumes … Continued
Worldwide Logistics, Inc. announced that they have joined the newly formed forwarder network Mundu. Mundu is based in Stuttgart, Germany and operated by Daniel and Alissa Jacobs. All 17 WWL offices in 7 countries will participate in this network. Joining the Mundu network helps WWL expand its global reach. Mundu is known for its international … Continued
With the continuation of aggressive blank sailing programs and overbooking, particularly on US West Coast bound vessels, upward pressure on rates has continued. Carriers have implemented increases effective July 1, 2020. On average rates to US West Coast and IPI points serviced via the US West Coast were raised by $400/40’ container. Rates to US … Continued
Increases in blank sailings in response to low volume levels is causing rate hikes and space constraints with many of the big carriers. Earlier this week, The Alliance (Hapag Lloyd, ONE, YML and HMM) along with the 2M Alliance (Maersk Line and MSC) announced that about 75 sailings will be canceled through September in a … Continued
Recently Worldwide Logistics Ltd. (WWL) offices in China have reported an uptick in booking volumes. This increase is evident for both US East Coast and US West Coast bound cargos. Willy Fong, WWL’s managing director in Asia, noted, “a number of our traditional customers who had delayed or cancelled orders are now starting to move … Continued
In India, the nationwide lockdown has been extended until May 17th. Districts have been identified as red, orange or green zones based on the status of the Covid-19 outbreak there. The classification will enable the resumption of some economic activities in areas less affected by the virus and ensure that caution is exercised in these … Continued
Significant decreases in watershed levels means tighter enforcement in overweight cargo. The long-term effects of low water levels in the Panama Canal is forcing some ocean lines to offload overweight containers in order to pass through the Panama Canal. Last year, water depths in the canal reached such low levels not seen in the past … Continued
