It would be an understatement to say that 2020 has been a crazy year for the shipping industry. The COVID-19 outbreak that started early in the year is still affecting businesses and economies around the world with restrictive shipping regulations between countries. At the same time people are relying on online shopping more than ever […]
Wondering whether your company would benefit from cargo insurance? Read on for the tips and advice that we’ve compiled on selecting the right coverage for your company’s shipments. Types of Cargo Insurance The specifics of land insurance packages are decided by the regulations of the nation in which shipments are transported. The main types of […]
In today’s global economy, ocean freight is necessary to meet the demands of consumers worldwide. Shipping via ocean freighters is the method by which a huge majority of goods, especially raw materials, are transported from place to place. In fact, over 90% of the world’s trade is conducted via maritime transport. It allows companies to […]
The Panama Canal was originally constructed as a way to increase maritime trade in the Americas, and it is the largest American engineering feat undertaken in history. It was completed in 1914, after the United States spent close to $375,000,000 to finish it – which equates to over $8.5 billion today. The waterway stretches for […]
Panic has become rampant amongst shippers and carriers because of the current shortage of truck drivers. According to the American Trucking Association (ATA) the industry is lacking an estimated 35,000 drivers. A number that is slated to grow to 240,000 by 2020. Historically, whenever the economy improves the number of truck drivers dwindles, but the […]
Some call it the U.S.’ “little brother” and others call it “that neighbor up north,” but ever since the North American Free Trade Agreement was signed in 1994, Canada can be officially referred to as the United States’ largest trade partner. If you are still unconvinced by this title, then here are some statistics that […]