Several terminals at the ports of Los Angeles and Long Beach remained closed on September 27, after a tractor-trailer overturned on a vital artery for cargo.
The deal was first announced on September 22, with CMA CGM aiming to pay 6.3 billion reais ($1.13 billion) up front to buy a 47.6% stake in Santos Brasil.
If East and Gulf Coast ports are forced to shut down, the U.S. could see inventory shortages, higher costs at grocery stores, and months-long container backlogs.
Russian intelligence targeted several European countries with sabotage attacks, often by hiring local criminals, officials previously told Bloomberg News.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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