Based on the rates one importer has negotiated in its annual trans-Pacific contracts, it appears likely that shippers may have to ante up for freight rates that are substantially higher than in the past few years.
Indian logistics and trucking major Gati Ltd. says e-commerce growth helped drive consolidated net profit up 59 percent year-over-year in fiscal year 2014-15, which ended March 31.
Lufthansa Cargo says it is delaying the construction of a new freight center at its Frankfurt hub “by at least two years.”
The first of United Arab Shipping Co.’s super-sized container ship built to run on liquefied natural gas has been named in a ceremony at Hyundai Samho Heavy Industries, the Korean shipyard where the vessel is under construction.
APM Terminals said all truck drivers entering its facilities from the end of 2016 must remain in their vehicles as part of a companywide project designed to eliminate one of the top five causes of injuries.
As the U.S. economy came screeching to a halt in the first quarter — at least those parts that contribute to gross domestic product growth — UPS improved revenue, shipment volumes and profit, a sign that things may not be as bad as the economic indicators seem to say.
Global Logistics Properties (GLP) this week signed new lease agreements in China totaling more than 1.5 million square feet with retailers and third-party logistics providers.
The frustration of Hong Kong’s container terminal operators was evident in a local newspaper column by the industry association head urging the government to implement its own recommendations to keep the port competitive or lose out to regional ports.
Just two hours before they were set to call the port at Jebel Ali in the United Arab Emirates, the crew of the Maersk Tigris likely had little or no idea that the container ship would become international news while heightening tension in the Middle East.
In October 2015, the JOC Inland Distribution Conference will take place in Memphis. Ernest Strickland, Memphis Chamber’s Vice President of International and Business Partnerships, discusses the city’s access and connectivity — unbeatable road, river rail and runway — and why the area is drawing the commercial/office sector as well as logistics and warehouse distribution operations.