October saw an increase in container carriers' global on-time performance to 84 percent, which is a record high, according to the monthly Global Liner Report from SeaIntel Maritime Analysis. This was driven by improvements in 25 out of the 32 trades covered.
The 15 member lines of the Transpacific Stabilization Agreement (TSA), who until now have limited their rate and service discussions to eastbound container movements from Asia to the U.S., are seeking to expand the group's scope to include the westbound trade.
The reshoring of manufactured goods from Asia to North America is bound to take some import business away from U.S. ports. But there are other developing threats to the continued dominance of gateways like Los Angeles-Long Beach - specifically, a couple of upstarts to the north and south.
Shipbuilding production levels have remained at record high levels, exceeding 50 million compensated gross tons (cgt) for two consecutive years (2010 -2011), with 2012 forecasted to remain close to 2011 levels, according to Drewry Maritime Research. However, the orderbook that forms the contracted forward workload has diminished rapidly and tails off to very low levels for 2014 and beyond.
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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