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Amazon Prime Day 2024 Sets New Records
American shoppers spent big during Amazon.com’s (AMZN) two-day Prime Day sales event, according to new estimates. Amazon, which doesn’t disclose specific revenue numbers for Prime Day, announced that this year’s event was the most successful in its 10-year history in terms of sales and items sold. Adobe Analytics reported that American shoppers spent approximately $14.2…
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Port of Los Angeles Awarded $8 Million to Enhance Port Optimizer Technology
The Port of Los Angeles’ Port Optimizer™ data portal will receive significant upgrades, thanks to an $8 million grant from the California Governor’s Office of Business and Economic Development (GO-Biz). This grant is part of a larger $27 million initiative by GO-Biz to improve data and supply chain functionality across California’s port network. “We’re thrilled…
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Houthi Launch Multiple Attacks on Ships in the Red Sea
US Central Command has reported that the Houthi rebels have launched several attacks against commercial ships in the Red Sea. One of the targets was the Israeli-owned, Monaco-operated, and Panama-flagged 40,000 dwt tanker Bentley I. In the initial attack, the Houthis employed an uncrewed surface vessel (USV) and two small crewed boats. According to UKMTO,…
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Everything You Need to Know About Amazon Prime Day 2024
Amazon Prime Day 2024 is set to bring incredible deals and savings to Prime members on July 16 and 17. Here’s a comprehensive guide to help you prepare for Amazon’s biggest deal event of the year. What is Prime Day 2024? Amazon Prime Day is an exclusive sale event for Prime members, typically held in…
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CMA CGM Ship Loses 44 Containers in South African Storm
The CMA CGM Benjamin Franklin, an 18,000 TEU container ship, lost 44 containers overboard due to severe weather while navigating the Cape of Good Hope. The French shipping company, CMA CGM, reported that the Benjamin Franklin encountered “unexpectedly strong adverse weather conditions” off the coast of South Africa during a westbound voyage from Asia to…
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Port of Los Angeles Completes $73 Million On-Dock Rail Expansion Project on Pier 400
LOS ANGELES – July 10, 2024 – The Port of Los Angeles has successfully completed a significant rail expansion project on Pier 400, valued at $73 million. This project aims to enhance cargo flow, reduce truck emissions, and improve roadway safety at the busiest port in the United States. “This major rail project will boost…
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Get Ready for Amazon Prime Day 2024 on July 16 and 17!
Mark your calendars! Amazon Prime Day returns on July 16-17, 2024, offering incredible deals on popular brands like Clinique, Allbirds, Sony, KitchenAid, and more. Amazon’s 10th Prime Day kicks off on July 16 at 12:01 a.m. PDT and runs through July 17. Prime members will have exclusive access to millions of fantastic deals on top…
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Red Sea Crisis Impacts Greece Container Volumes
The geopolitical instability in the Red Sea has significantly affected container shipping routes, forcing vessels from Asia to navigate around Africa. Consequently, many ships are now approaching Cosco Port terminals in Spain and northern Europe instead of Greece’s largest port, Piraeus. Impact on Piraeus Port In May, Piraeus Port reported a notable decline in container…
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U.S. Ports Report Mixed Results for May: Volume Declines and Growth
Overview U.S. ports experienced varied performance in May, with some facilities reporting increased container volumes while others saw declines. Here’s a detailed look at the latest data and trends from key ports across the country. Port of Los Angeles The Port of Los Angeles processed 752,893 twenty-foot equivalent units (TEUs) in May, marking a 3%…
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India to Create $9 Billion Mega Port Near Mumbai
The Indian government has given the green light for the development of a new deep-water port, Vadhavan, on the western coast of the country. Located about 150 kilometers from Mumbai, Vadhavan is part of a strategic initiative to establish sea and rail links connecting India with Europe through the Middle East. The construction of the…
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