Global Shipping Disrupted by Strikes and Congestion, But Mitigation Efforts Underway
• Ocean Update Monitoring situation in Red Sea / Gulf of Aden; contingency plans in place to minimize impact to customers. Fruit and vegetable export season from Europe continues through May.
• Key Ports Update Transitioning to new Red Sea network; working to minimize disruptions. Increased yard densities across Europe; request customers pick up units promptly. Changes to import container release process in Rotterdam.
• Air Freight Update Continued demand growth for Sea-Air product to avoid slower Cape diversions. Ocean-air conversions also increasing for Europe import/export. Monitoring potential impact of Lufthansa strikes.
• Inland Update Rail strikes in Germany, Austria and Switzerland causing some disruptions; working on contingencies. Launched new rail product connecting Spain and France.
• Ecommerce Update Transport strikes caused delivery delays, impacting consumer satisfaction. Multi-carrier approach can minimize disruption impact and provide consumers more choice.