Economy

  • Top 5 overlooked reasons for truck driver constraint

    May 17, 2018 — Whether you want to call it a shortage or a “driver retention” issue is semantics. There’s a “capacity crunch,” and the issue is not a new one for the trucking industry. In addition to the persistent need for more drivers within a fragmented industry, there are additional headwinds that the trucking industry faces makes trucker recruitment difficult, particularly regarding younger drivers.
  • Container shipping market looking more buoyant, despite overcapacity

    Apr 24, 2018 — Despite overcapacity fears from a flood of newbuild ultra-large ships, as well as recent container spot rate erosion, analysts have a surprisingly positive outlook on profitability for container shipping this year. In fact, Drewry said: “The reality of supply growth in 2018 is far less frightening than it was previously.”
  • Shipping Industry Confidence at Four-Year High

    Apr 3, 2018 — Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
  • An immigration bill you've never heard of will solve US's labor shortage

    Mar 27, 2018 — According to the Labor Department's latest jobs report, we're in the strongest labor market in decades. But that has left the country with a severe shortage of skilled workers. The Immigration Innovation or "I-Squared" Act has been proposed to tackle this issue. But it's gotten lost amid our nation's divisive immigration debate.
  • Abu Dhabi Ports signs agreement with the China Council for the Promotion of International Trade

    Mar 26, 2018 — Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region.
  • Canada Urges World Nations to Preserve Pillars of Global Trade

    Mar 26, 2018 — As the U.S. and China edge closer to a full-blown trade war, Canada has urged all nations to act to preserve the pillars of the world trading system. “We need to cherish the organizations that have been the cornerstone of the world economic order,” Trade Minister Francois-Philippe Champagne said in an interview in Singapore on Saturday.
  • Transitional period of Brexit fallout set at 20 months

    Mar 22, 2018 — This week, the European Union (E.U.) and the U.K. government made another small step toward tackling the implications of Brexit for companies operating throughout the supply chain by agreeing on a specific amount of time to have a “transitional period” so all parties can get used to the new rules.
  • Evolving International Container Markets Follow U.S. Lead

    Mar 16, 2018 — Two distinct markets are evolving in international container transportation with one market seeking faster delivery despite having to pay premium prices and a second market that is willing to delay delivery in exchange for lower transportation costs.
  • Evolution of retail market makes predicting demand for air cargo capacity tougher

    Mar 14, 2018 — Lack of data for cross-border e-commerce shipments is making it harder to forecast air freight demand, analysts warned yesterday. But, as forwarders look to book space through the year to avoid a capacity crisis like last year’s, analysts indicate that demand for air freight may slow slightly. But in the short-term, it remains strong – and the peaks are here to stay.
  • Storm clouds are gathering over box line business in 2018, says Fitch

    Mar 5, 2018 — Credit rating and research firm Fitch Ratings has warned that repeating container shipping’s 2017 profitability this year “may prove challenging”. It said: “The fact that some companies are likely to have remained loss-making in 2017 highlights the ongoing weakness in sector fundamentals due to persistent overcapacity, which may undermine a longer-lasting recovery.”
  • Malaysian domestic lines weather impact of lifting of cabotage

    Mar 1, 2018 — The strongest remnants of Malaysia’s domestic shipping sector seem to have taken the impact of the relaxation of cabotage rules in June in their stride and have seen good performances from their container shipping operations.