The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company's sudden collapse two months ago. But in its wake, the giant shipping line has left a mess that retailers across the country will be sorting out for weeks.
The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said last week.
The Civil Aviation Administration of China (CAAC) said it would grant an air operator's certificate (AOC) to Guangzhou-based China Air Cargo Corporation, unless there was a credible objection by November 18.
Sometimes all it takes is a shift in strategy from a single carrier to make an impact on airport freight traffic. Qatar Airways Cargo, for instance, has been ramping up its airfreight routes for the last couple of years, seeking more high-value cargo, such as pharmaceuticals, and forming joint ventures with other airlines, such as IAG. Qatar achieved such growth via "fleet and network expansion, innovation in our technology, creative interline agreements and by deploying capacity on expanding or untapped markets," said Ulrich Ogiermann, the carrier's chief cargo officer.
UPS has entered into a definitive purchase agreement to acquire Marken, a global provider of supply chain solutions to the life sciences industry. The transaction, which provides UPS with growth opportunities across the life sciences customer base, is expected to close by Dec. 31, UPS said. Terms of the acquisition were not disclosed.
For refrigerated haulers who require independent verification of temperatures inside trucks and trailers or immediate documentation for receivers, Carrier Transicold is offering its DataLink 2 recorder. The system, for single-temperature or multi-temperature applications, uses up to three independent temperature sensors, providing an added layer of verification beyond the refrigeration system's built-in recording ability, the refrigeration equipment company says.
Royal Dutch Shell Plc, the world's second-biggest oil company by market value, thinks demand for oil could peak in as little as five years. Demand will peak before supply, says chief financial officer Simon Henry, and that peak will be driven by efficiency and substitution, more than offsetting the new demand for transport.
The great and the good of world aviation gathered in Montreal last month to do something that seemed impossible even a couple of years ago. They agreed to cap greenhouse gas emissions from international flights. The pact - the first climate change agreement to apply worldwide to a specific sector, one that produces the equivalent annual carbon dioxide output as that of Germany - was greeted with almost universal support.
Grace Medical Center, a 123-bed hospital in the Grace Health System, has prevented $15,000 in food from spoiling since August by installing a real-time location system (RTLS) to monitor the temperatures of refrigerators and freezers, the hospital says. The system, made by ZulaFly, consists of the company's own cloud-hosted Fuzion software platform to capture data from CenTrak RFID temperature sensors.
The latest supply-chain news, analysis, trends and tools for executives in the pharmaceutical and biotech industries. Learn how pharmaceutical and biotech companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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