UPS has officially opened its healthcare facility in Hangzhou, Zhejiang Province, China, which significantly expands its Asia healthcare distribution network. The facility is equipped to maintain product safety and integrity and is designed to offer seamless, global solutions to healthcare companies looking to expand into, transport within, and export from China.
Prof. John Langley of Penn State gives a preview of the 18th Annual 3PL Study, to be released in October 2013, and discusses the methodology and analysis behind the annual global study.
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.
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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