South American carriers LAN Airlines and TAM have banded together, forming the LATAM Airlines Group, reportedly the largest airline group in South America. The combined LAN Cargo, which has three smaller affiliate carriers, and TAM Cargo will now be able to offer routings to 169 cities around the world.
Medical technology companies looking to grow globally are finding that one approach does not fit all markets, and they are developing customized growth strategies to penetrate emerging markets, with products tailored to unique local market needs. The challenge is that companies are also finding that limited visibility into globalized manufacturing and distribution chains is leading to increased risk, according to a study co-sponsored by PwC US and published by Axendia, a life sciences and healthcare advisory firm.
Rising transportation costs and tight truckload capacity are creating more opportunities for intermodal rail in 2012, according to logistics executives.
Northeastern U.S. states are sometimes depicted as not particularly business friendly. But that hasn't deterred some major companies from locating in the Keystone State recently, not least of which is Volvo Construction Equipment Americas. For one thing, Pennsylvania's location makes it very attractive for companies that must get product to customers in a huge portion of the country within a day. And a pocket in Franklin County, in the south central part of the state, is helping them do just that.
Purfresh Inc., a developer of technology for maintaining the integrity of fresh product in transit, has joined with Hyundai Merchant Marine (HMM) to serve worldwide markets.
Total U.S. business logistics costs in 2011 rose to $1.28tr, a 6.6-percent increase from the previous year, accounting for 8.5 percent of the country's gross domestic product, according to the 23rd Annual State of Logistics Report, presented by the Council of Supply Chain Management Professionals and Penske Logistics.
The British International Freight Association is seeking entries for its annual Freight Service Awards competition, celebrating 24 years of recognising the best in the UK freight forwarding industry.
International trade data indicates that U.S. import shipment volume for May, measured in TEUs, increased 5.6 percent from April and 3.5 percent from May 2011.