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.
Food manufacturers across the globe have admitted failing to put in place basic safeguards to protect vulnerable workers in their supply chains - almost one year on from laws to stop slavery, child labor and unethical working practices.
Challenge: This service parts organization needed to handle over 500 orders per day and 170,000 items in their inventory. They needed to move from a paper-base to automate through system-directed processes, gain real-time visibility and tracking of parts and orders throughout their supply chain.
Challenge: Wide transportation footprint; Different ERP systems across multiple platforms; Gaps in existing transportation network; Maintain core competency of steel-making/processing; Maintain quality/safety culture; Consolidating transportation metric source data