U.S. exports of several agricultural products including pork, beef, poultry, apples and forage products are shrinking, and some export opportunities could be lost permanently because of dockworker slowdowns and the gridlock that has emerged at West Coast ports, the Agriculture Transportation Coalition reports.
Many Canadian importers are receiving shipments two to three weeks longer than usual and exporters are missing sailing windows because of container vessels delays at U.S. West Coast ports are rippling north.
Greece’s new government, headed by the populist left wing Syriza Party, said it will scrap the planned privatization of the port of Piraeus, one of Europe’s fastest-growing container ports, fueling uncertainty over its stance toward the nation’s shipping community, which controls the world’s largest fleet.
Gati Ltd., India’s leading express distribution and supply chain solutions provider, on Tuesday said the growth of e-commerce helped increase net earnings by 60 percent in its third fiscal quarter, which ended on Dec. 31.
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.