The dry bulk shipping market will remain in recession due to contracting demand for iron ore and coal, and any recovery is not expected until 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
For the second straight year, Dubai-based Emirates reigned as the champions of scheduled international airfreight tonnage, with 2.29 million tonnes carried on the main decks of its freighters and in the belly holds of its vast passenger fleet, according to Air Cargo World's annual Top 50 Air Cargo Carriers.
Yusen Logistics Russia has become a federal customs license holder within the Russian Federation, allowing it to introduce a portfolio of customs-clearance services in Russia.
The picture for Cuban manufacturing is mixed. On the positive side, the government’s decision to give private firms more autonomy to retain earnings and make investment decisions may spur a much-needed market for capital equipment, a crucial source of demand for a developing economy factory sector.
Even as North America is getting up to speed economically, a cyclical slowdown in emerging markets is squelching the prospects for significant advances in the global airfreight market, according to the Airports Council International half-year report. The council also predicted limited global growth for the remainder of 2015. Airfreight volume worldwide grew in June at 2.1 percent, year-over-year, with domestic traffic increasing 4.8 percent, yet international freight volume only increased 0.9 percent.
French logistics giant Geodis says it is acquiring OHL, the U.S-based third-party logistics services provider formerly known as Osburn-Hessey Logistics for an undisclosed amount.