Struggling trans-Pacific container lines urge exporters to bring cargo booked LONG BEACH — In the current low-rate environment where container lines are struggling just to break even, industry executives urged exporters to honor the bookings they make. “The big challenge for our company is controlling and managing booking,” Richard Craig, chief executive officer, MOL America, told […]
Read More →Struggling trans-Pacific container lines urge exporters to bring cargo booked
on June 22, 2016in Industry News
Health of US freight growth hinges on pace of inventory destocking
on June 21, 2016in Industry News
Health of US freight growth hinges on pace of inventory destocking WASHINGTON — The state of U.S. freight growth in 2016 and beyond hangs on the fate of inventory that has been piling up for years and has proved difficult to draw down. There are signs that inventory de-stocking finally may be under […]
Read More →Container lines defend skyrocketing South America-Asia spot rates
on June 21, 2016in Industry News
Container lines defend skyrocketing South America-Asia spot rates Container lines are playing down skyrocketing spot rates between the east coast of South America and Asia, saying the reported jumps of up to 1,600 percent come on the back of record low base-level prices, and still do not make the overall trade lane rates sustainable. Spot […]
Read More →Container lines back using current weighing process to help US exporters meet SOLAS
on June 20, 2016in Industry News
Container lines back using current weighing process to help US exporters meet SOLAS U.S. exporters finally achieved the carrier uniformity they were seeking on the SOLAS container weighing requirement when 19 major container serving the U.S. gave their support for the use of on-terminal scales to comply with the international rule that takes effect on […]
Read More →Russia shippers face less trucking options as industry consolidates
on June 20, 2016in Industry News
Russia shippers face less trucking options as industry consolidates Trucking firms in Russia are consolidating and expanding their services in a bid to survive the country’s stagnant economy and remain competitive with containerized rail transportation. Consolidation is most directly impacting small- and medium-sized Russian trucking companies with fleets of up to 50 trucks that make […]
Read More →China’s Belt and Road set for $1.2 trillion in funding
on June 17, 2016in Industry News
China’s Belt and Road set for .2 trillion in funding The potential impact of China’s Belt and Road initiative on the ports and logistics landscape in the Asia Pacific region and beyond is starting to emerge as the major sources of funding for the program come online. An estimated $1.2 trillion could be ploughed into […]
Read More →Maersk sees ‘bumpy’ six months of SOLAS
on June 16, 2016in Industry News
Maersk sees ‘bumpy’ six months of SOLAS Maersk Line expects a “bumpy” six months after a new international regulation requiring the weight of all containers to be verified before they are loaded onto a ship comes into force on July 1. “We are committed to making the process as easy as possible — but we […]
Read More →TPM 2016: Transportation firms attracted to Memphis
on June 16, 2016in Industry News
TPM 2016: Transportation firms attracted to Memphis At the 16th TPM Conference in Long Beach JOC Senior Content Editor Alessandra Barrett and Greater Memphis Chamber Senior Vice President of Economic Development Susan Maynor discuss the future of the logistics and transportation industry in the greater Memphis metropolitan area. You can find all of our TPM […]
Read More →Industry expecting disruption from SOLAS rule
on June 16, 2016in Industry News
Industry expecting disruption from SOLAS rule SHANGHAI — The responses “who knows” and “let’s wait and see” were the two most common replies from forwarders and terminals at a large trade show here to questions on whether the industry was prepared for the new container weight regulations that will be imposed on July 1. The […]
Read More →Georgia short-lists bidders for planned $2.5b Black Sea container port at Anaklia
on June 14, 2016in Industry News
Georgia short-lists bidders for planned .5b Black Sea container port at Anaklia TBILISI, Georgia — By July 31, the Georgian government expects to choose a terminal operator… Georgia short-lists bidders for planned .5b Black Sea container port at Anaklia Journal of Commerce
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