The slack season has hit the air cargo business hard this year with no sign of any improvement on the major trades as momentum steadily drains out of the market and freight rates tumble to new lows.
The G6 Alliance today announced the cancellation of four Asia-Europe sailings in September as carriers on the poorly performing trade route struggle to achieve profitability with a surplus of capacity and low demand.
Intra-Asia container shipping is swelling as manufacturing shifts from China to lower-cost countries, and may represent 25 percent of global container trade. In a global context, however, the trade is a 'blind spot' where accurate data and forecasts are hard to come by.
Trucking companies may have eased back on the pricing pedal for a few months as the economy hit a soft patch, but they’re likely to regain some traction and exert more pressure in the coming year as the economy expands and capacity tightens.
Log-In Logistica Intermodal will spend $5.2 million to upgrade and expand the fleet of containers used in South America's coastal trade and to carry goods to Manaus on the Amazon River.
As the container trade from Asia to the Middle East grows, Saudi Arabia is expanding the container-handling capacity of its ports, opening a new terminal at Dammam this spring.
Canadian National Railway is working to replicate the success it’s had at Canada’s Port of Prince Rupert in the warmer waters of Mobile, Alabama.
All sectors of the Southern California transportation community are confident that they will handle the spike in container volume this peak season, but longer-term challenges with big ships, carrier alliances, truck turn times and rail performance remain a concern.
Canadian LTL and parcel operator Dicom is expanding in the U.S., completing its fourth acquisition in less than a year this week with the purchase of Extra Express in Los Angeles. The parcel and freight carrier seeks a bigger share of the final-mile transportation market on both sides of the U.S.-Canadian border.
SeaLand has said that it will no longer accept any form of the chemical compound calcium hypochlorite and any shipments currently loaded or awaiting transshipment would be offered alternative solutions.