Tagged With "DHL"

BANGKOK/SINGAPORE -- Freight rates will remain elevated as China's dogged pursuit of a zero-COVID strategy continues to hold up international trade, the chiefs of two global logistics companies said. One warned that the situation could pose an existential threat to manufacturers that produce goods with little room in the pricing to absorb higher transportation costs. The Chinese strategy has caused a shortage of labor at ports, preventing ships from quickly offloading cargo and sailing...

DHL comments on supply chain DHL Industrial Shipping, which delivers 1.6 billion parcels per year, had its CEO, Tim Scharwath interviewed Port congestion should ease next year New container vessels will be available “It’s going to ease in 2023, but it’s not going to go back to 2019” “I do not think we are going back to this overcapacity situation where rates were very low”