Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010, and that risk has grown in each of those past three years. That's according to a new study from AlixPartners, the global business-advisory firm.
The TrueCommerce EDI Solutions Group of HighJump Software Inc., a vendor of supply-chain management applications, has entered into a partnership with V-Technologies, LLC, a provider of integrated shipping software.
China has completed constructing one of its longest tunnels which will help it build a rail link with Pakistan. It has also announced plans for building the world's longest undersea tunnel, measuring 123 kilometers (km) to link two major cities.
Companies operating in Indonesia may spend as much as $160bn to move goods, materials and merchandise to and from Southeast Asia's largest economy this year, according to Frost & Sullivan, an industry tracker.
An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators.
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.