On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
CBX Software, a provider of sourcing-management applications to the retail industry, has joined with SGS, the global inspection, testing and verification body, to provide an integrated sourcing, quality, compliance and supply-chain service.
Ireland-based ASL Aviation Group has agreed to purchase airline operations currently owned by TNT Express and is expected to will continue to operate them on behalf of the merged FedEx-TNT entity.
The International Air Transport Association released its air freight market analysis for December 2015, showing a slight (0.8 percent) year-over-year increase in worldwide cargo traffic (in freight tonne kilometers flown). This 0.8-percent overall gain was the result of a 0.7-percent decrease in international traffic and a 1.4-percent increase in domestic traffic.
French firm CMA CGM, the world's third-largest container shipping operator, signed a significant cooperation agreement Thursday with Islamic Republic of Iran Shipping Lines (IRISL).
With a score of 45.9, the January edition of the Stifel Logistics Confidence Index has marked a monthly recovery in an otherwise gloomy tale of decline.
The total cost of ground transportation for Canadian shippers decreased by 3.4 percent in November when compared with October results, according to results published by the Canadian General Freight Index.
The latest news, analysis, trends and solutions regarding global trade management software and systems and their impact on supply chain management. New developments in global trade management software - which streamlines logistics and business processes related to cross-border trade - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using global trade management solutions for supply chain optimization.
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