Shippers are forever on the lookout for ways to reduce their transportation costs. Brooks Bentz, president of supply chain consulting with Transplace, offers his view of where the most promising opportunities lie.
U.S.-based lessor and asset manager Aviation Capital Group placed a firm order for fifteen 737-800 passenger-to-freighter conversions with Aeronautical Engineers Inc (AEI), with options for fifteen additional conversions. The announcement was made at the Cargo Facts Aircraft Symposium in Miami.
IATA's global head of cargo, Glyn Hughes, said the logistics business is not keeping up with technology - a sentiment that's been expressed before, but one he said cannot be emphasized enough. Hughes also called for more communication across the airfreight supply chain.
The Stifel Logistics Confidence Index fell into a fifth consecutive month of decline in October. Significantly, the index has now fallen beneath the neutral 50 point mark for the first time since January 2013, with confidence in both the sea freight and airfreight markets plummeting. The Logistics Situation for airfreight was especially bad, declining by 3.2 points to 45.7. The same trends that influenced last month's decline are persisting, with weak emerging market growth, China's financial crisis, and the Chinese shift towards domestic consumption all influencing the trajectory of the index.
Old Dominion Freight Line Inc. has entered into a strategic alliance with Mallory Alexander International Logistics LLC for ocean freight-forwarding services.
Severe shipyard overcapacity in China has prompted the National Development and Report Commission's Jiangsu province to cancel work on 23 projects. The projects included construction of new docks, offshore vessels, facility conversion projects and additional expansions.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during 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 global logistics solutions to power their supply chains.
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