China's regulators have blocked the P3 mega-alliance between Maersk, MSC and CMA CGM on the grounds that it infringes the country's competition laws between Asia and Europe, particularly with respect to the lines' combined market share of 46.7 percent. The law enforcers appear to believe that the cost reductions gained by the P3 carriers would either have been offset by this unacceptably high risk of market concentration, or would not have been passed back to shippers satisfactorily. Where to now?
UL LLC, the safety consulting and certification company, has expanded its Information & Insights (I&I) services division with the acquisitions of GoodGuide, IDES, Innovadex and The Wercs.
Online retailers are waking up to the fact that getting logistics right is the key to succeeding in India. While they can do little about the potholed roads and local government restrictions, the ventures are investing and innovating in areas that they can make a difference in.
Essex headquartered freight forwarding outfit the Woodland Group has a twenty-year pedigree when it comes to serving the supply chain needs of the book trade, principally under its former persona as Bookbridge, and the company continues to export more magazines from the UK than any other logistics company.
The Australian logistics industry has welcomed moves in the recent federal budget, followed by measures in New South Wales to improve policy and investment performance in infrastructure, after years of irresolute state policy, procrastination and diversion of public funding to other areas.
A lack of certainty appears to be the case within the freight forwarding market as momentum fails to take hold. In the latest findings, the Stifel Logistics Confidence Index slipped 2.7 points to 55.2. While still above the important 50-level, too many questions remain unanswered – will a strike be averted at the U.S. West Coast ports, what will happen within the sea freight market now that P3 alliance has collapsed? Is economic growth really slowing?
Total U.S. business logistics costs in 2013 rose to $1.39tr, a 2.3 percent increase from the previous year, according to the 25th Annual "State of Logistics Report" released by the Council of Supply Chain Management Professionals and presented by Penske Logistics, at a press conference at the National Press Club in Washington, D.C. Logistics as a percent of U.S. gross domestic product declined for the second year in a row, indicating that the logistics sector is not keeping pace with the growth in the overall economy.
The fresh food e-commerce sector is expected to post rapid growth over the next five years as several enterprises in China have made investments in the sector, which is expected to stimulate the development of cold chain logistics.
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