Trade Growth to Slow Sharply in 2023: WTO
Global merchandise trade is set to slow next year, facing headwinds ranging from Russia’s war in Ukraine, high energy costs in Europe and the tightening of U.S. monetary policy leading to higher manufacturing costs and squeezing households, the World Trade Organization (WTO) said.The...
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Schedule Reliability Reaches 46.2% in August
Global schedule reliability recorded the largest month-on-month (M/M) improvement in August of 5.8 percentage points, reaching 46.2%.The average delay for late vessels improved sharply in August, dropping by -0.57 days M/M to 5.86 days. It marked the first time average delay dropped below t...
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