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.
High cube 40-foot containers are stealing a march on traditional 40-foot equipment and by the end of 2013 represented just short of 50 percent of the maritime container fleet, according to Drewry's recently published Container Census report.
A broad group of associations representing airfreight forwarding companies is calling on the U.S. federal government to solicit input from small and medium-sized forwarders before expanding the Air Cargo Advanced Screening (ACAS) programme.
The Chinese Ministry of Commerce announced that they have not approved the P3 Network, a long-term operational vessel sharing agreement proposed by MSC, CMA CGM and Maersk Line. The MOFCOM's decision follows a review under China's merger control rules.
Descartes Systems Group has acquired Customs Info LLC, a U.S.-based provider of trade data content to populate global trade management systems and streamline trade automation.
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