Whatever the course of action — or inaction — companies have learned a lot during the long, frustrating and costly ordeal at U.S. West Coast ports. Here are five key takeaways.
News & Analysis
15 Apr 2015
The world’s 50 largest logistics companies generated nearly $248 billion in revenue last year, up nearly 5 percent from 2013’s $237.4 billion, according to Pittsburgh-based research and consulting firm SJ Consulting Group.
14 Apr 2015
Net earnings at the world’s largest ocean freight forwarder crept up in the first quarter, but revenue dipped.
13 Apr 2015
The "unprecedented" growth of e-commerce, coupled with rapid development of mobile technology, is changing the playbook for shippers and transport operators alike.
02 Apr 2015
Air cargo shippers using Chicago O’Hare International Airport are experiencing delays because of major road construction around the hub and inconsistent service from third-party handlers. A surge of cargo from shippers unwilling to brave West Coast port congestion isn’t helping.
01 Apr 2015
Although its last fiscal year was ugly, UTi Worldwide is optimistic about the year ahead, and expects to grow its freight forwarding and logistics businesses. A surge in air freight in February and March attributed to U.S. West Coast port congestion helped.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
24 Mar 2015
Japanese trading giant Mitsui & Co. has signed an agreement to sell Transfreight North America, its wholly owned U.S. logistics subsidiary, to Penske Logistics for an undisclosed sum.
23 Mar 2015
The ports of Los Angeles and Long Beach are partnering with cargo interests, terminal operators, harbor truckers and the railroads to hasten the day when marine terminals become transit facilities rather than storage sites for containers.
23 Mar 2015
Major Japanese trading house Sumitomo Corp. has unveiled plans to set up a logistics subsidiary in Myanmar to cash in on the increasingly promising local market and further strengthen its footprint in the entire Southeast Asian region.