Dec 11, 2018
— While uncertainty in global trade is proving prosperous for the forwarding community, legacy forwarders appear to have now fully realised the threat posed by online platforms. A report claims traditional players have made “significant investments” to offset threats from online operators entering the $220bn global market.
Dec 10, 2018
— US shipping regulatory body the Federal Maritime Commission (FMC) is to introduce revised rules covering container detention and demurrage practices across the country after commissioner Rebecca Dye released the results of an eight-month investigation into how carrier and container terminal apply the charges.
Dec 7, 2018
— China is about to bring the Silk Road back to life, investing billions of dollars to improve trade relationships. Beijing is building its way to European markets by constructing a network of infrastructures that will grant the transfer of Chinese goods worldwide through the Belt and Road Initiative.
Dec 6, 2018
— Here are the stories that best summarize the year in logistics and transportation management—the news that’s changing the market environment and will most certainly alter the way shippers approach operations in the coming year.
Dec 4, 2018
— To remain competitive in this changing environment, freight brokers and third-party logistics firms will need to adapt or risk being left in the dust, technology experts and logistics leaders said here at the Transportation Intermediaries Association’s inaugural 3PL Technovations conference.
Nov 27, 2018
— After record high demand – and prices – in 2017, forwarders were keen to lock in capacity in advance this year, while airlines were equally keen to hold some space unblocked to capitalise on late-booked cargo when spot prices were high.
Nov 19, 2018
— October shipments, at 1.224, were up 6.2% annually and down 1.4% compared to September, and October expenditures, at 2.919, were up 12% compared to October 2017 and down 2.4% compared to September.
Nov 15, 2018
— Following a strong year in terms of growth in vessel transits, the Panama Canal Authority is once more turning its attention to building port capacity as well as new zones for increased logistics activity. Authority administrator and chief executive Jorge Quijano said that, while vessel transits were its primary business barometer, ports activity had become increasingly important to the country as a whole.
Nov 1, 2018
— Technology startups are focusing on reducing the empty container problem, a challenge that costs the container shipping industry about $20 billion per year. At any given time, about one-third of the ocean containers in circulation are empty, and the average container spends nearly half its life idle.
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.
Oct 23, 2018
— Heathrow Airport has defended its peak season plans – but warned forwarders, hauliers and handlers to change their behaviour to ensure there are no congestion problems. Airport data indicates that volumes will be as strong, or stronger, than last year, when congestion became a major issue.
Oct 19, 2018
— Container ports should spearhead an “Internet of Logistics” to tackle inefficiencies in global container supply chains. According to PSA International chief executive Tan Chong Meng, a “connected community” beyond the scope of Internet of Things (IoT) technology is needed to improve data sharing.
Oct 19, 2018
— The images of Hurricane Michael’s debris and devastation are heartbreaking, especially when they are combined with what we have already been seeing come out of the Carolinas as a result of Hurricane Florence. And there is no sugar-coating how long and difficult the path to recovery will be. There’s so much to do that it’s difficult to know where to start.