Economy

  • Shipping from China to U.S. West Coast is not so cheap anymore

    Nov 1, 2018 — Peak season 2018 broke a new threshold in terms of ocean freight spot rates: It is now as expensive to transport a product from China to North America's West Coast as it was to ship to the East Coast during last year's peak season.
  • Slowing growth and more new ULCVs widen container supply and demand gap

    Oct 31, 2018 — According to Alphaliner data, 1.21m teu of new container tonnage hit the water in the first 10 months of this year, of which 83% was for ships of 10,000 teu and above.
  • Good Reminders for Any Manager Leading a Team

    Oct 29, 2018 — If you’re not exciting people in your workplace, they’re not going to stick around. Or, even worse, they could become complacent.
  • Proposed Pilotage Fee Hike in Port Everglades Would Double Pilot Costs for Carriers

    Oct 23, 2018 — A proposed fee increase for harbor pilot services at Port Everglades, Florida will raise average pilotage by more than 100 percent on average for shipping lines that call frequently at the port, according to an analysis by Crowley Maritime Corporation, the port’s largest tenant.
  • Economy Puts New Demands on Logistics Firms, Surveys Find

    Oct 12, 2018 — A robust economy is placing new demands on third-party logistics service providers, based on survey results from two long-running university-sponsored studies released at the Council of Supply Chain Management Professionals annual conference in Nashville, Tenn.
  • Trade War So Far ‘Positive’ for Shipping Companies, But 2019 Looks Less Promising

    Oct 11, 2018 — The US-China trade war has seemed “positive” for transpacific shipping lines, so far, with importers rushing to beat tariff deadlines. But there is growing concern that a prolonged dispute would leave shippers with question marks on whether to reorganise their supply chains.
  • Warehouse Hiring Soars in a Growing Rush for Logistics Workers

    Oct 8, 2018 — U.S. logistics hiring surged in September at the fastest pace in a year, as warehousing and transportation companies ramping up for peak season added 23,800 jobs.
  • Angry forwarders hit out as handlers and airlines push up charges

    Oct 2, 2018 — The start of October marked the start of more expensive air freight in the UK, as a series of handlers and airlines increased their charges, in some cases significantly.
  • Panama Canal Head Expects Fewer China, U.S. Ships if Trade War Escalates

    Sep 17, 2018 — Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said.
  • Maersk warns customers they must help pay its bigger fuel bills after 2020

    Sep 17, 2018 — Facing an extra fuel bill of more than $2bn a year, as a consequence of the IMO 0.5% sulphur cap from 2020, Maersk Line set to introduce a new bunker surcharge mechanism. “In order to allow customers to predict, plan and track how changes in fuel price will impact total shipping freight, Maersk Line will introduce a simple and predictive bunker adjustment factor (BAF).”
  • Angry hauliers now told a 'no-deal' Brexit means no licence to drive in the EU

    Sep 14, 2018 — As few as 1,224 UK hauliers could be eligible to transport goods to the EU if the country departs the union without a deal in place. Logistics industry representatives say a UK-EU agreement on road transport must be prioritised over a trade deal.