London-based Drewry Shipping Consultants says that the global capacity of reefer container ships is expected to grow by 20 percent over the next three years. Drewry also reports that perishables moved over the seas in 2014 increased by nearly five percent to exceed 100 million metric tons.
Shipping analysts Alphaliner reported that the two carriers involved in recent container line megamergers – France's CMA CGM (merged with NOL / APL) and China COSCO (merged with CSCL) – are now looking at forming a shipping alliance to compete with Maersk and MSC's 2M.
The outsourcing of logistics is supposed to save businesses big money. They pay only for the services they need; they turn over complex operations to a pro, and they get expensive assets off their books. It all makes eminent sense - unless your name is Amazon.com Inc.
Though the U.S. logistics industry has recovered unexpectedly well from the last recession, reaching record highs in occupancy and absorption, experts believe the growth in property rents and values will peak sometime this year.
The latest Dry Bulk Freight Forecaster from Maritime Strategies International reports a deterioration of the consultancy's cautiously optimistic view for improvement in the dry bulk market in the next six months.
With the national average diesel price falling below $2 per gallon, truckload rates on the spot market continued on a downward trend. Freight brokers usually quote a one-time price that includes both a line-haul portion and the fuel surcharge; declining fuel prices influence spot market rates significantly.
Corning Incorporated has appointed Kuehne & Nagel to manage the distribution requirements for its Corning Life Sciences business in the Asia-Pacific market.
The last decade has been a golden one for shipping goods around the world's biggest economy, and American railways have been a rare example of capitalism working well, with a virtuous cycle of demand, giant profits, and vast investment in rolling stock and tracks.
For the first time in more than 50 years, the skies over Cuba are opening up to scheduled service from the United States. The two countries signed a deal, officially allowing flights between their borders.
Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.