Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner.
China’s logistics industry is expected to show double-digit growth over the next five years, continuing a trend of 21 percent compound annual growth since 1991 and driven by rising online shopping and a growing trend of outsourcing non-core activities.
The southern Italian port of Taranto, once a leading transhipment hub, faces an uncertain future after losing its last long-haul intercontinental service in the latest shake up in the fiercely competitive Mediterranean container market.
U.S. ports are under increasing pressure to modernize their facilities to handle larger vessels and keep their existing infrastructure up to par. Fortunately, for some ports, Uncle Sam is giving them a boost via Transportation Investment Generating Economic Recovery (TIGER) program.
U.S. Imports in the first half of 2014 represented 59.2 percent of the 15.5 million TEUs in the overall U.S. container trade.
As of Sept. 8, Alphaliner calculates current active total liner trade TEU capacity to be 18,521,207 TEUs capacity aboard 5,960 ships, including 18,063,515 TEUs aboard 5,012 fully cellular ships.
U.S. Exports in the first half of 2014 represented 40.8 percent of the 15.5 million TEUs in the overall U.S. container trade.
The Dubai Maritime City Authority has announced plans to establish a maritime arbitration center.
New Jersey Senate committee has approved a bill to withdraw the state from the Waterfront Commission of New York Harbor.
Issues at the Los Angeles-Long Beach were on JOC.com readers’ minds this week, along with mega-alliances and growth in the trucking industry.
Demand for automotive logistics services is forecast to grow this year by 6 percent in Europe and 5 percent in North America, according to a new report by industry research and analysis firm Transport Intelligence.
The volume of intermodal units moving on U.S. railroads last week reached a record high for the railroad industry, according to the Association of American Railroads, furthering signs that the peak season is starting for intermodal shippers as the ocean peak recedes.