The Impact of Shipping Disruptions in the Red Sea
Plus where are we now in the freight cycle?
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023.
Photographer: Stringer/BloombergA string of recent attacks by Yemen-based Houthi rebels on commercial vessels transiting the Red Sea to the Suez Canal have forced global shippers to once again shift how they transport goods. It's just the latest in a multi-year string of disruptions to global supply chains. It also comes just as pandemic-era supply chain stress seemed to be in the rearview mirror. So what is the geopolitical and economic impact of this latest disruption? In this episode, we speak with Craig Fuller, founder and CEO of FreightWaves, about the impact of the attacks. We also talk about the broader logistics landscape, including the rise and fall of digital freight brokerages, and the 2023 "bloodbath" for trucking firms.