A group of logistics entrepreneurs is launching a Silicon Valley-style accelerator for supply-chain technology start-ups, aiming to draw new investment and talent to the freight business.
The U.S. Federal Aviation Administration posted a bright outlook in its annual market review and forecast, noting that it expects total air cargo traffic, measured in revenue tonne kilometers, to grow by 4.5 percent in 2016, followed by stable growth averaging 3.5 percent over the next 20 years.
Purolator International has launched its first Long Island Supply Chain Index, a quarterly survey of Long Island, N.Y. manufacturers' business forecasts for the six months ahead.
An impending international requirement that shippers verify the weight of their goods before transport will sharply raise shipping costs on major trade lanes and trigger delays in moving cargo through ports, according to a new report.
Overall confidence levels in the ocean shipping industry fell to a record low in the three months ending February 2016, according to a survey by shipping advisory firm Moore Stephens.
Tankers are currently the most profitable vessels in shipping with the cost to charter them remaining high by comparison with other ship types. These freight rates are expected to stay steady for the next 18 months despite a delivery boom of new tankers scheduled for late 2016, according to Devlin McStay, data analyst with IHS Maritime & Trade.
The electronic air waybill (eAWB) has arrived. But certain air freight forwarders and carriers are still holding on to the paper version for dear life.