Several changes seemingly had a positive impact on Chennai’s productivity levels in the last month.
Asia-Russia-Europe spot rates are up more than double year over year.
A 13,200 TEU vessel that is the largest ever to enter the Port of New York and the US East Coast passed under the newly-elevated Bayonne Bridge Monday afternoon.
Higher second-quarter freight demand drove up costs faster than contract rates for J.B. Hunt Transport Services, squeezing the $6.6 billion company's profits.
Terminal consolidation on the US West Coast is set to be much slower than carrier consolidation.
The service will link Northern Europe, the US East Coast, Central America, the Pacific islands, Australia, New Zealand, Peru, and the Caribbean on a weekly basis.
The deep-water Liverpool2 facility is capable of accommodating the world’s largest container vessels and connects road, rail, and canal networks linking directly to the heart of the UK mainland.
The shuttering of many plants for three weeks and more, opposed to the traditional break of one or two weeks, bodes poorly for the country’s third-largest export and its second-largest import.
“The coastal shipping deal will reduce cost as well as time. To us, time is also money.”
In its tight competition with Paranagua for the title of chicken export capital of the world, Itajai will need to be able to handle larger tonnage if it is to succeed.