U.S. import volumes, measured in TEUs, have rebounded at West Coast ports so far this year. Imports through the port of Los Angeles increased 36 percent January through February of 2016 and 30 percent through the port of Long Beach, compared with the same time period in 2015, according to findings from Datamyne, which provides web-based international market intelligence.
Without question, technology has been a boon to global trade. But it's also responsible for raising the risk factor at every stage of the supply chain - and especially at ports and terminals.
An impending international requirement that shippers verify the weight of their goods before transport will sharply raise shipping costs on major trade lanes and trigger delays in moving cargo through ports, according to a new report.
Overall confidence levels in the ocean shipping industry fell to a record low in the three months ending February 2016, according to a survey by shipping advisory firm Moore Stephens.
Tankers are currently the most profitable vessels in shipping with the cost to charter them remaining high by comparison with other ship types. These freight rates are expected to stay steady for the next 18 months despite a delivery boom of new tankers scheduled for late 2016, according to Devlin McStay, data analyst with IHS Maritime & Trade.
TRAC Intermodal has completed its acquisition of Interstar Fleet Services, a provider of emergency road service repair for the intermodal and commercial trucking industries.
Liner schedule reliability fell to its worst level in 12 months in February when the average on-time performance slipped by 7 percentage points to 62.7 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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