News

NAVIGATING THE SEAS OF RISK: THE VITAL ROLE OF CARGO INSURANCE

Feb 01, 2024

Feb 1, 2024 Understand Risk In the wake of recent events unfolding in the Red Sea, the maritime industry faces a stark reminder of the unpredictable nature of international logistics. … read more

Air Freight Rates Navigate Year-End Volatility, E-commerce Impact, and Geopolitical Tensions

Jan 17, 2024

The air freight industry experienced fluctuating rates in the last quarter of 2023, with a steady rise leading up to December, followed by a significant drop during the Christmas and … read more

UPDATE ON THE SITUATION IN THE RED SEA

Jan 05, 2024

January 5, 2024 Dear Valued Customers, In our continued effort to provide up-to-date information at the highest level, we have an important update regarding the ongoing situation in the Red … read more

SECURITY CONCERNS LEADING TO CARRIER SERVICE SUSPENSIONS IN RED SEA

Dec 18, 2023

Recent weeks have seen the targeting of commercial vessels as they transit or approach the Red Sea by armed groups in Yemen. These attacks have included hijackings and attempted missile … read more

ADVISORY – YELLOW CORP’S SUSPENSION OF OPERATIONS AND SUPPLY CHAIN STABILITY

Aug 01, 2023

Yellow Corporation – the third largest less-than-truckload (LTL) carrier in the United States – announced to its union Sunday that it will be filing for bankruptcy. Facing USD 1.3 billion in upcoming … read more

COMPASS EXPANDS MIDWEST SERVICE WITH CHICAGO FACILITY

Jun 30, 2023

Chicago, IL. June 27, 2023 – Compass Forwarding has opened an office and warehouse in Chicago, growing the company’s footprint in one of the fastest growing logistics markets in the US. … read more

ADVISORY | GLOBAL FLIGHT DISRUPTIONS THROUGH FEBRUARY 17, 2023

Feb 17, 2023

Airport Issues in New York, Frankfurt, Munich Leading to Cancellations and Diversions Labor strikes in Frankfurt and Munich coupled with a power outage at New York/JFK have led to numerous … read more

SEVERE WEATHER ADVISORY – HURRICANE IAN

Sep 28, 2022

Hurricane Ian is currently striking the west coast of Florida as a Category 4 hurricane, yielding damaging winds and severe flooding. Winds of up to 150 mph (241 kmh) have … read more

November 2021 Market Update

Nov 17, 2021

November 17, 2021 Ocean Freight Measures taken by governments, carriers, and ports have thus far failed to remedy the capacity shortage and congestion crisis. Ocean carriers have recorded record-high Q3 … read more

LOGISTICS ADVISORY: HURRICANE IDA

Aug 30, 2021

August 30, 2021 Hurricane Ida struck the state of Louisiana Sunday as a category 4 storm, causing severe weather through the Southeast US as the storm moves inland as a … read more