The sharply divergent fortunes of the air and ocean cargo sectors in Hong Kong are illustrated in a chart from CBRE Research on container and air freight throughput during 2014.
Labor disputes on the West Coast and a recovering national economy sent record-breaking cargo volumes to Georgia ports in 2014.
Dockworkers at the Port of Portland, Ore. shut down the port’s only container terminal on Tuesday to protest the firing of some longshoremen last week.
In a sea change in Asia-Pacific trade among the world’s three largest economies, the United States retained its status as Japan’s biggest export market for the second year in a row in 2014, edging out China.
HONG KONG — Air freight on the Asia-North America trade is riding a tailwind that filled freighters and bellies in the la
China is the main battleground for the world’s four mega shipping alliances, that collectively depart from 10 mainland ports every week to North Europe in 74 weekly voyages, according to Drewry Maritime Research.
Associations representing truckers and motorists joined the U.S. Chamber of Commerce in asking the new Congress for a federal fuels tax hike to replenish the U.S. Highway Trust Fund before funding runs out May 31.
As the service contracting season in the eastbound trans-Pacific gears up, internal tensions within many large shipper organizations between a procurement and a logistics mentality will once again play out as contracts totaling billions of dollars are negotiated and signed between now and May 1. But procurement is slowly losing out.
Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.
Kenya’s Dock Workers Union (DWU) has modified its long-held opposition to private operation of Mombasa port’s new container terminal.
Cargo volumes at non-major, also known as minor, ports in India expanded at nearly three times the pace of “major” ports owned by the federal government, reflecting rerouting of traffic to avoid ongoing congestion problems at major ports.
Hong Kong Air Cargo Terminals Ltd. (Hactl) ended a solid 2014 by recording its strongest quarter of the year as Asia’s air freight sector continued its robust recovery.