Rising global container port demand and ever larger vessels are driving terminal operators to make significant investments in additional capacity, according to the Global Container Terminal Operators Annual Report 2015 published by global shipping consultancy Drewry.
The Kuehne & Nagel Group has completed its acquisition of 100 percent of the shares of ReTrans Inc., a U.S.-based provider of multimodal transportation services.
LogistiFlow, provider of a system for allowing shippers to view quotes from selected carriers without having to contract with third-party logistics (3PL) providers, has introduced a cloud-based program for carrier selection.
Breaking a run of six consecutive months of improvement, container service reliability across the three main East-West trades declined in July, falling by 4.0 percentage points from June to 73.3 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
Van and reefer load availability increased for the third consecutive time, for the week ending Aug. 15, but so did the availability of equipment, contributing to lower national average spot market rates for van, refrigerated and flatbed loads, according to DAT Solutions, which operates the DAT network of load boards.
Hermes, operator of a parcel shop network in Europe, has strengthened its presence in Russia through acquisition of the 49-percent share in Hermes-DPD Russia that was previously held by DPD.
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.
The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
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.