The Asia-Australia container trade is facing capacity cuts and service withdrawals in the next few months that should give added impetus to rising freight rates that have been increasing since mid-year on a better supply-demand balance.
Container lines are withdrawing larger capacity vessels from the major east-west trades in a selective approach that will better tackle the chronic over supply problem, according to Drewry.
The Hong Kong Competition Commission will not take any action against industry sectors that have applied for a block exemption from the law that takes effect on Dec. 14 until the applications have been reviewed, according to the city’s liner shipping lobby.
Transportation stakeholders received something to celebrate this year as 44 percent of the new $500 million round of the Department of Transportation’s Transportation Investment Generating Economic Recovery program went to projects dedicated to moving freight.
Port of Virginia's Russell Held on its short-haul inland network, rail connections and the Panama Canal expansion.
Averitt's Charlie McGee on international supply chain solutions, risk tolerance and expectations for 2016.
William B. Dunavant III on the future of American agriculture shipping.
The National Automobile Dealers Association raised its forecast for 2016 U.S. car and light truck sales to 17.7 million units, a record high that will drive automotive freight and logistics demand.
The Port of Mobile is expanding terminal capacity and building an adjacent $36 million intermodal container transfer facility. The projects, set for completion in 2016, will increase its terminal’s 350,000-TEU capacity to 475,000 TEUs.
Less-than-truckload shipments increased marginally in the first nine months of 2015, as freight revenue plummeted, thanks largely to the drop in fuel surcharges, SJ Consulting Group says.