In a logistics career marked by successful entrepreneurship, industry advocacy and professional development, Mike Regan explains why most things come down to relationships.
The average container freight rates from Asia to North Europe continues to drop, to $2,352 per 40-foot container and to $1,359 per 20-foot, as of tracking on May 24, according to Xeneta, a sea freight price comparison service. Due to overcapacity and various types of economic turmoil in the market, the market index for 40-foot containers has taken a massive dip with it being down 52 percent from May 2012.
The International Air Transport Association released figures for airfreight markets in April which showed modest growth of 1.4 percent compared to April 2012. This small increase helped to offset the 2.6-percent decline recorded in March compared to the year-ago period. And it continues an 18-month trend of basically no growth in the cargo markets.
Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030.
CaroTrans International, a non-vessel operating common carrier and ocean-freight consolidator, is expanding its service network with entry into the Baltic and Commonwealth of Independent States (CIS) markets, including Russia.
AFN, a 3PL based in Chicago, uses business intelligence to improve its internal decision making and to support supply chain decisions of its clients. Eric Malcolm, director of sales strategy, explains the company's approach.
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
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