The U.S. faces many challenging port issues but chief among them is a system of labor-management relations that fails to consider the interests of the ultimate customers, the chairman of Kuehne + Nagel told TPM 2015 in Long Beach on Monday.
The shipping executive perhaps best suited to assess the relationship between container lines and non-vessel operating common carriers sought on Monday to set to rest the tensions that have long existed between the two, and very much continue today.
Norbert Dentressangle’s operating profit surged 18.6 percent in 2014 as it reaped an early benefit from its $750 million acquisition of Jacobson, the fourth largest U.S. logistics group.
Rickmers Group, the leading German ship owner and manager, said it has successfully concluded negotiations with its bankers to restructure 1.28 billion euros (US$1.43 billion) of loans.
The Indian federal government pledged to go ahead with its plans to make major ports independent companies instead of government-controlled landlord ports despite fierce opposition from the highly unionized labor force.
Growth in the global reefer market this year will likely outpace the lukewarm performance of the past few years, according to industry analysts.
Air cargo leaving India has been hit with severe delays because of poor weather and the lingering impact of U.S. West Coast port congestion on world trade, according to a U.S. freight forwarder specializing in air and ocean freight in the Far East.
Cargo interests undoubtedly are relieved that the International Longshore and Warehouse Union and the Pacific Maritime Association reached a tentative contract deal on Feb. 20 after more than nine months of unexpectedly difficult negotiations, but now it’s time for importers and exporters to reassess their commitment to West Coast ports.
Trucking companies and shippers in the United Kingdom are asking for financial help from the government as they struggle to recruit truck or lorry drivers.
A bill introduced in the House of Representatives this week would establish national hiring standards for shippers, brokers and other parties contracting or using trucking companies.