January 2025

US Economy Displays Resilience, ITS Logistics

The U.S. economy in November displayed resilience amidst a transitioning monetary policy and external disruptions but faced ongoing challenges in housing affordability, labor market cooling, and inflationary stickiness, according to the latest ITS Logistics Supply Chain Report.Growth prospects also remain modestly positive, with fiscal and monetary adjustments likely to play key roles in 2025, according to the report from the asset-based third-party logistics provider.“Despite having a positive outcome for November, ... [+]

Drewry’s Container Index up 8% in October

Drewry, the maritime research and consultancy, said its World Container Index increased 3 percent to USUS$3,905 per 40-foot equivalent unit, or FEU, the week of Jan. 2.The latest Drewry WCI composite index is 62 percent below the previous pandemic peak of USUS$10,377 in September 2021, but it is 175 percent ... [+]

CII Honors Clifford, Pyron with Connie Awards

The Containerization & Intermodal Institute, or CII, honored Allen Clifford, executive vice president, MSC Mediterranean Shipping Co. (USA) Inc. with the 2024 Connie Award in front of nearly 600 transportation industry experts gathered on Dec 9 in Newark, NJ.Additionally, Clifford Pyron, advisor at Georgia Ports Authority, was presented with the ... [+]