Despite attempts by carriers to pull capacity from east-west trade routes, significantly weaker cargo volumes have limited the success of their attempts to lift freight rates for any sustainable periods, according to Drewry Maritime Research's latest Container Forecaster report.
The world container ship capacity reached 16.335 million 20-foot-equivalent units on Jan. 1, 2013, an increase of 6 percent from a year ago, according to industry analyst Alphaliner.
The global automotive logistics sector is undergoing a massive transformation. Just a few years ago, it could easily be viewed as a mature industry with modest growth prospects. However, according to Transport Intelligence's report, Global Automotive Logistics 2013, that is no longer the case and the market represents a wealth of opportunities for logistics service providers on a global scale.
Sinergy Cargo, the Italian member of the FPS network of independent freight forwarders and consolidators, has opened a multimodal container, bulk cargo handling and storage center near the Port of Genoa.
A few weeks back I referenced the work of Robert J. Gordon, an economist and professor at Northwestern University. In a paper published last September for the Centre for Economic Research, he laid out the history of the first three industrial revolutions. And he asked whether a fourth, supposedly driven by the internet and other advances in information technology, could come anywhere near its predecessors in terms of productivity improvements.
Irv Grossman, vice president of the Supply Chain Operations Practice of Chainalytics, offers guidance on how companies can stop thinking of reverse logistics as an inevitable burden, and begin approaching it strategically.
A new industry body has been formed to represent the independent freight-forwarding sector, with creation of the Elite Association of Logistics Networks.
There is a growing mismatch between the performance of the passenger and cargo sides of the airline business, IATA has revealed. A 5.3-percent growth in passenger numbers in 2012, with a 3-percent improvement in yield, contrasts sharply with the 2-percent fall in both freight tonne-kilometers and cargo yield.
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.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.