The economic effects of Hurricane Sandy are reverberating beyond areas hit by the storm as businesses warn customers of delays, try to get merchandise out of closed ports and face canceled orders.
European industrial real estate values have declined 21.9 percent from the pre-crisis peak in 2007, and have subsequently only recovered by 1.3 percent on average. Current values are attractive relative to replacement costs and the pattern of value recovery in the U.S. following the global financial crisis.
North America Classes 5-8 commercial vehicle preliminary net orders for October rose to levels of "best since" comparisons. The final numbers, which will be released mid-November, will approach 23,200 units for heavy duty Class 8 trucks and 18,500 for medium duty Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5 percent of actual.
China is evolving from an export-driven manufacturing economy to a more balanced consumer-driven developed economy, and its logistics landscape is under pressure to adapt, according to new research by Jones Lang LaSalle. China's evolution has driven three key trends: the rise of the domestic middle class, rising wages and diminished cost advantages in manufacturing, as well as the rapid development of domestic infrastructure. And these trends are creating long-term opportunities for U.S. companies.
The estimated loss of $140m per day that the trucking industry will sustain from down time associated with 'Superstorm' Sandy will ultimately be recouped because of resupply and rebuilding truck freight demands, according to Noel Perry, senior consultant with FTR Associates. The per-day estimate of loss revenue is based on 20 percent of the industry not moving freight because of the storm and its aftermath.
Virgin Atlantic Cargo will begin daily passenger and cargo flights between Mumbai, India and London Heathrow airport, with connections to major U.S. gateways, on Oct. 29.
Regal Logistics has purchased a new distribution center in the Los Angeles area. The facility in Garden Grove, Calif., offers 120,000 square feet of warehouse space.
The U.S. Customs and Border Protection agency announced that it has "formalized and expanded" its Air Cargo Advance Screening pilot program, which enables cargo executives to send and receive advance security filing data for their consignments.
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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