News
SECURITY CONCERNS LEADING TO CARRIER SERVICE SUSPENSIONS IN RED SEA
Dec 18, 2023Recent 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, 2023Yellow 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, 2023Chicago, 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, 2023Airport 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, 2022Hurricane 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, 2021November 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, 2021August 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
USA MARKET UPDATE
Aug 19, 2021August 19, 2021 The Compass team is continuing to work closely with our clients to navigate the challenges of the current logistics market. As part of that effort, please find … read more
GLOBAL SEAFREIGHT MARKET UPDATE
May 06, 2021Although media reporting suggests that the incident involving the Ever Given in the Suez Canal is resolved, the fallout on the international seafreight market continues to be strong a month … read more
U.S. TRUCKING MARKET IN FLUX AS DOT INSPECTIONS LOOM
Apr 30, 2021April 30, 2021 With annual U.S. Department of Transportation (DOT) safety inspections scheduled for the week of May 2, customers should expect further disruptions to an already volatile inland transportation … read more