Container service reliability across all trades fell marginally in the third quarter with the percentage of on-time ship arrivals dropping to 73.5 percent, down from the record high of 75.7 percent set in the second quarter, according to Drewry's quarterly report Carrier Performance Insight.
After rising by 20 percent in two years, road freight rates on key international routes in Western Europe have fallen steadily for the past five months.
In terms of logistics, Africa is one of the most exciting investment opportunities anywhere in the world, according to Sub-Saharan Logistics 2012, a report from Transport Intelligence, or Ti. Its untapped natural resources are vast, and foreign direct investment has poured in as Africans' purchasing power grows.
European industrial real estate values have declined 21.9 percent from the pre-crisis peak in 2007, and have subsequently only recovered by 1.3 percent on average. Current values are attractive relative to replacement costs and the pattern of value recovery in the U.S. following the global financial crisis.
China is evolving from an export-driven manufacturing economy to a more balanced consumer-driven developed economy, and its logistics landscape is under pressure to adapt, according to new research by Jones Lang LaSalle. China's evolution has driven three key trends: the rise of the domestic middle class, rising wages and diminished cost advantages in manufacturing, as well as the rapid development of domestic infrastructure. And these trends are creating long-term opportunities for U.S. companies.
Virgin Atlantic Cargo will begin daily passenger and cargo flights between Mumbai, India and London Heathrow airport, with connections to major U.S. gateways, on Oct. 29.
Regal Logistics has purchased a new distribution center in the Los Angeles area. The facility in Garden Grove, Calif., offers 120,000 square feet of warehouse space.
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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