Panalpina’s profit more than doubled in 2014 as the Swiss forwarding and logistics company posted market-beating ocean and air freight traffic growth and narrowed logistics losses ahead of schedule.
The 15 top container carriers are at risk of significant and damaging cyberattacks, according to the head of a leading market intelligence provider and cybersecurity firm in the industry.
The quality, availability and management of data has to improve if the supply chain is to efficiently handle the mountain of information that is now available to carriers and their customers, panelists said at the 13th annual TPM Conference in Long Beach, California.
Shippers who tried to divert their containerized cargo to the U.S. East Coast during the paralyzing port congestion at West Coast ports in the last few months were not always successful because they did not have long-standing relations with carriers serving the East Coast, according to panelists at the 15th annual TPM Conference.
Panama Canal Authority CEO Jorge L. Quijano said that it’s possible for Nicaragua and its Hong Kong backer to build a rival canal in five years, but it’s not a “feasible investment from a private investment standpoint.”
Ship sizes have reached the point of diminishing returns and container lines should be focusing instead on introducing differentiation into their service offering, Martin Stopford, director of Clarkson Research Services in London, told delegates at the 15th annual TPM Conference in Long Beach.
Intermodal rail carrier Tiger Cool Express recently added 35 temperature-controlled intermodal containers to its fleet.
The container logjam at the ports of Long Beach and Los Angeles will be cleared within three months, the top officials of both ports said today at the 15th annual TPM Conference in Long Beach. But that’s only the beginning of the herculean rebuilding task the Southern California ports face.
With the air cargo industry under increasing competition from ocean carriers for certain cargoes, especially perishables, more sophisticated software and technology tools are helping drive the migration from ocean to air.
DB Schenker, the logistics unit of German railroad Deutsche Bahn, has reached agreement with three airlines involved in a global price-fixing cartel but is still seeking damages from three other carriers.