China’s logistics industry is expected to show double-digit growth over the next five years, continuing a trend of 21 percent compound annual growth since 1991 and driven by rising online shopping and a growing trend of outsourcing non-core activities.
A bill introduced in the U.S. House of Representatives would prevent the publication of safety scores for trucking and bus companies and revamp the Federal Motor Carrier Safety Administration’s CSA scoring system.
The savings to be gained from a container line getting more miles to the gallon are immense, as Singapore's NOL Group can attest with $1.2 billion in cuts, and half of that came from bunker and network savings at its APL liner division.
The cost of shipping a 40-foot container from Hong Kong to Los Angeles declined this week, with rates losing all gains brought on by a Sept. 1 general rate increase.
Low prices invariably generate increased demand, so exports of corn, soybeans and energy products derived from those commodities will do quite well in the coming year and beyond, said David Hightower, principal at Hightower Associates in Chicago and publisher of the Hightower Report on commodities.
The northern Chile port of Iquique plans an $80 million expansion.
Maersk Group said it has raised $1.25 billion from the successful issue of two maiden U.S. dollar bonds.
Air freight is suffering from the same issues that afflict container shipping, with growing volumes not enough to lift profitability in the face of high fuel prices, weak yields and growing capacity, the International Air Transport Association said in an industry report.
China-Europe rail services continue to grow in popularity with DHL the latest forwarder to offer a new weekly scheduled block train from Suzhou to Poland.
The Port of Virginia made strides toward financial stability in August, on the back of volume growth that topped 8 percent.
Executives from Maersk Line and Mediterranean Shipping Co., in an attempt to expedite the U.S. approval process, met with a U.S. Federal Maritime Commissioner last week to address questions regarding their proposed “2M” vessel-sharing agreement.
Container handling rose nearly 2 percent in August at the world’s largest transshipment hub, the Port of Singapore.
The tit-for-tat imposition of embargoes between Russia and the West has opened the door for Brazil beef exporters to significantly expand shipments to Russia in recent months, with greater growth likely in 2015.