Bangladesh turns to inland waterways to cut costs Chittagong shippers can save at least $100 for shipments to Dhaka by using inland waterways. Photo credit: Shutterstock Bangladeshi shipping officials are hopeful that a surge of inland waterway capacity will drastically cut shipper costs and congestion on the country’s highways to the capital of Dhaka. The […]
Read More →Rate volatility puts carriers' BCO business at risk
on October 23, 2017in Industry News
Rate volatility puts carriers' BCO business at risk East-west spot rates have been unable to sustain the positive momentum they showed earlier in the year. Despite the goal of newly consolidated carriers to reassert themselves to create value in the supply chain, rate volatility and how that alienates key customers and further strengthens non-vessel-operating common […]
Read More →Russia-Turkey sea rates fall amid trade spat
on October 23, 2017in Industry News
Russia-Turkey sea rates fall amid trade spat The port of Haydarpasa sits between Asia and Europe on the Bosphorus Strait. Turkey’s decision to limit Russian food imports drove down Black Sea shipping rates between the two countries by 20 percent and they may decline further before the end of the year. The cost for shipping […]
Read More →Rate increases manage to slow falling Asia-Europe spot prices
on October 20, 2017in Industry News
Rate increases manage to slow falling Asia-Europe spot prices Asia-Europe spot rates continue to hit new lows for the calendar year. Another round of rate increases is on the cards for Nov. 1, but success in the current environment can be measured more by how much the increase slows the steady rate decline rather than […]
Read More →Brunswick’s expanded ro-ro capacity already committed
on October 19, 2017in Industry News
Brunswick’s expanded ro-ro capacity already committed Mercedes is one of the companies that have gobbled up the new capacity at the Brunswick Colonel Terminal. The Georgia Ports Authority’s (GPA’s) expansion of its roll-on, roll-off (ro-ro) storage capacity at Brunswick Colonel Terminal by 50 percent is already committed to auto shippers, and port officials are evaluating […]
Read More →Poor invoicing costs cargo airlines cash and customers
on October 19, 2017in Industry News
Poor invoicing costs cargo airlines cash and customers It’s been well known that air cargo carriers have struggled with invoice accuracy for years, with legacy systems with limited flexibility, and inherent flaws in the booking process are contributing factors. Only one in four carriers can adjust rates across six or more factors, including market, product, […]
Read More →Driver wages and benefits jump, pushing up trucking costs
on October 19, 2017in Industry News
Driver wages and benefits jump, pushing up trucking costs The higher share of cost dedicated to driver wages and benefits illustrates the continued difficulty the trucking industry faces in finding enough drivers. For the second year in a row, truck driver costs represent the highest percentage of overall costs for trucking operators, a report released […]
Read More →BCOs face steep price tag for LA-LB clear air rules
on October 18, 2017in Industry News
BCOs face steep price tag for LA-LB clear air rules Toyota is testing a fuel cell truck that emits only water vapor on drayage runs around the Los Angeles-Long Beach port complex. Beneficial cargo owners (BCOs) are on the hook for some of the $4 billion terminal operators at Los Angeles and Long Beach will […]
Read More →Amid congestion, Prince Rupert says service restoration on track
on October 18, 2017in Industry News
Amid congestion, Prince Rupert says service restoration on track Container traffic at Prince Rupert has surged 20 percent so far this year. Amid complaints from shippers over congestion delays, the Port of Prince Rupert expects to meet its previously-announced deadline of restored velocity at the Fairview Container Terminal of Oct. 30. Prince Rupert, located 500 […]
Read More →Soaring China exports unable to lift spot rates
on October 18, 2017in Industry News
Soaring China exports unable to lift spot rates In September, the Port of Long Beach saw container throughput grow by 28.3 percent year-over-year. Credit: POLB Container exports from China shot up by 11.1 percent in September during the healthiest peak season period in years, but the steady decline in freight rates across all trades continued […]
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