Logistics & Ports

Logistics-Tech Startups Face Uncertain Future as Freight Slump Continues

Logistics technology companies are cutting costs and slashing staff as a prolonged slump in freight stretches into 2024. Freight forwarder Flexport, digital broker Uber Freight, and warehousing provider Flexe are cutting workers this year following waves of layoffs in 2023 across technology-focused freight startups.

Cargo Volume Rises at Port of Long Beach

Cargo moving through the Port of Long Beach in October rose for a second consecutive month amid preparations for the upcoming holiday shopping season and ongoing efforts to recapture market share.

Panama Canal to Extend Transit Restrictions for at Least 10 More Months

 The Panama Canal expects to maintain restrictions on daily vessel transit and maximum draft for at least 10 more months amid a prolonged drought that has lowered the water level, an official from the waterway said on Thursday. The canal’s authority earlier this year began imposing restrictions, causing a backlog of vessels waiting to pass. The curbs have forced …

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Who will control New Jersey’s ports now that the state has withdrawn from Waterfront Commission?

A little known but powerful public agency created 70 years ago to root out organized crime on the  New York Harbor docks officially closed shop last month. The demise of the bi-state Waterfront Commission of New York Harbor comes after a five-year legal battle between Trenton and Albany about which state would control policing of …

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