The importance of the Trans-Siberian Railway, or Transsib, as a container route from Asia to Europe is steadily growing, despite the decline in volume this year, according to Oleg Belozerov, president of Russia’s railway monopoly, RZD.
Brazil’s government has sold off the first of 97 port concessions valued at a total of $7.5 billion and is aiming to sell off four more by Dec. 9.
India’s exports slumped for the 11th straight month in October, albeit at a slower pace than the previous two months, according to the newest provisional trade figures released by the Ministry of Commerce and Industry.
An increase in inventories in the third quarter and September is skewing the pre-holiday shipping season, depressing imports and overland freight demand.
The development of Jasper Ocean Terminal made some headway Monday after the Georgia and South Carolina port authorities agreed to a framework for the long-discussed but still unrealized marine terminal on the states’ shared border.
Like Yoda using the force to lift an X-Wing from the swamp of Dagobah, U.S. demand for Star Wars toys from action figures to lightsabers is forecast to help raise total containerized toy imports 10.9 percent year-over-year, according to JOC Senior Economist Mario O. Moreno.
Container volume at the port of Savannah, Georgia, rose just 3 percent year-over-year in October, a sign that the torrid pace of year-over-year growth seen earlier this year and in the last half of 2014 is now moderating as shippers return to the U.S. West Coast.
The Busan Port Authority expects 2015 container throughput to grow by around 5 percent, in which case total full-year throughput volume would rise to more than 19.6 million 20-foot-equivalent units.
Throughput at the Port of Incheon in South Korea will be lower than expected in 2015 as a result of weak demand from Europe.
Half a year after acquiring Australia logistics giant Toll Holdings Ltd., Japan Post Holdings Co.'s mail and logistics unit is in a better financial position than it was at the same time a year ago, but still finds itself bleeding red ink.