Logistics

Freight Rates in Ocean Transport of Liquefied Natural Gas Come Under Pressure

August 21, 2015

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

Over Next Two Years, Growth in Crude Oil Tanker Capacity to Affect Rates

August 20, 2015

Drewry

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Norwegian Truck-Body Manufacturer Offers Trailers Equipped with RFID Technology

August 20, 2015

RFID Journal

Bussbygg, a truck-body maker based in Norway, says one of its customers is using two RFID-enabled refrigerated trailers in an ongoing trial, and finds that the technology shortens the delivery of goods by 30 minutes per stop, while preventing errors.

Kane Is Able Sues Volvo Over Natural-Gas Tractor That Caught Fire

August 20, 2015

PRWeb

A little over one year after purchasing seven new Volvo compressed natural-gas tractors, Kane Is Able Inc., a national, third-party logistics company, has filed a lawsuit in U.S. District Court for the Middle District of Pennsylvania, asserting that Volvo breached its warranties in connection with one of the seven units, which caught fire on Interstate 81 in early January 2015.

Visibility, Speed and Agility - How M2M is Redefining the Supply Chain and Transportation

August 19, 2015

AT&T

Hermes Expands Parcel Business in Russia Through Acquisition

August 19, 2015

Hermes

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.

Emerging Nations May Slow Growth in Global Airfreight Market

August 19, 2015

Air Cargo World

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.

Chemical Tanker Shipping Market Strong Enough to Utilize New Vessel Deliveries

August 19, 2015

Drewry

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.

Geodis Acquires OHL, to Rebrand U.S. Logistics Company

August 19, 2015

Geodis

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.

CEVA Logistics Launches Home Delivery Service Center

August 18, 2015

CEVA Logistics

CEVA Logistics has launched a Home Delivery Service Center in Houston.

Logistics

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.