The Washington State Legislature passed a measure on Saturday to extend nearly $9bn in tax breaks for Boeing through 2040 in an embattled effort to entice the company to locate production of its newest jet, the 777X, in the Seattle area.
UK fund manager Scottish Widows Investment Partnership's Airport Industrial Property Unit Trust (AIPUT), a specialist owner and manager of airport-related and industrial warehouses, is launching a logistics unit at its Air Cargo Centre.
Tomini Shipping has revealed plans for further expansion following an order for nine new bulkers. Chairman Imtiaz Shaikh has said that the Dubai-based company has set itself a target of at least 20 new vessels over the next few years.
The U.S. Department of Transportation's Maritime Administration has dedicated the California Green Trade Corridor, which is designed to take freight traffic off California's congested I-580 by offering shippers an option to move cargo along the waterways between the Ports of Oakland, Stockton and Sacramento.
October was a depressed month for freight and the economy in general. The number of shipments and freight expenditures both declined from September, by 3.5 and 2.6 percent, respectively. This marks only the second time this year that both indexes declined in the same month. (Shipment volume in April dropped 3.5 percent, but expenditures fell only 1.6 percent.) The 16-day federal government shutdown is partly to blame for the declines, but prior to the shutdown the economy was already exhibiting signs of a cool down.
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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