Haier expands China logistics business as 3PL demand grows HONG KONG — Haier Electronics spent $60 million in the first half developing its logistics business as the well-known Chinese brand embarks on a bold new strategy to tackle the increasingly outsourced logistics requirements of household electrical appliances and consumer electronics. The company, a subsidiary of mainland […]
Read More →Iceland reduces volcano alert level, rescinds eruption notice
on August 23, 2014in Uncategorized
Iceland reduces volcano alert level, rescinds eruption notice Iceland has downgraded the alert level for a volcano from “red” to “orange” after backtracking on a statement made on Saturday that a small subglacial lavel eruption had begun under the site. Even though no eruption has been detected, there is still concern among air cargo shippers […]
Read More →Ebola fears unfounded, shipping industry says
on August 21, 2014in Uncategorized
Ebola fears unfounded, shipping industry says Fears of Ebola transmission via ocean vessel entered the public imagination in 1995 with the Dustin Hoffman movie “Outbreak,” which featured an African monkey carrying an Ebola-like disease on a container ship headed to the U.S., where the disease wreaks havoc on the country’s population. A real-life outbreak of […]
Read More →Growth in Europe air, sea shipments to slow, Stifel survey says
on August 21, 2014in Uncategorized
Growth in Europe air, sea shipments to slow, Stifel survey says Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus. Stifel said expectations in August […]
Read More →JOC Inland Distribution Conference Confirms Key Industry Speakers
on August 21, 2014in Uncategorized
JOC Inland Distribution Conference Confirms Key Industry Speakers Media Contact Alessandra Barrett, JOC Group Inc. +1-860-248-5238, abarrett@joc.com JOC Inland Distribution Conference Confirms Key Industry Speakers Registration Expected to Jump 40 Percent Over Last Year October 22-24, 2014, Kansas City, MO NEWARK, N.J., Aug. 18 — An expanded program for JOC Group Inc.’s 2014 […]
Read More →Cyberattack targeted UPS Store shippers
on August 21, 2014in Uncategorized
Cyberattack targeted UPS Store shippers Hackers may have stolen payment information from an undisclosed number of shipping customers of The UPS Store in a period stretching from January to August, UPS said Aug. 20. Malware discovered on systems at 51 UPS Store locations in 24 states may have collected names, postal and e-mail addresses and […]
Read More →Container shortage looms over peak-season predictions
on August 21, 2014in Uncategorized
Container shortage looms over peak-season predictions A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong. Teo told reporters at the Singamas interim results briefing that the new container […]
Read More →US subsidy investigation won’t hurt business, says Singamas head
on August 21, 2014in Uncategorized
US subsidy investigation won’t hurt business, says Singamas head Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business. Singamas and the world’s largest container maker, China International Marine Containers (CIMC), are facing an ongoing investigation […]
Read More →PwC reports jump in transportation, logistics M&A activity
on August 5, 2014in Uncategorized
PwC reports jump in transportation, logistics M&A activity Global merger and acquisition activity in the transportation and logistics industries picked up the pace in the second quarter, paving the way for a modest recovery for the rest of the year, according to a PwC U.S. report released today. There were 51 transportation and logistics deals […]
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