U.S. business logistics costs remained at 8.5 percent of GDP for the second consecutive year in 2012, according to the Council of Supply Chain Management’s annual State of Logistics Report.
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News & Analysis
Data
Data
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
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Commentary
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The Port of Virginia is aiming to boost container traffic by capitalizing on its post-Panamax draft, tapping improved intermodal service, increasing customer service and developing distribution centers.
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