The value of the goods shipped between the U.S. and Canada dropped 12.5 percent in April, thanks to low oil prices, a strong U.S. dollar and a shrinking Canadian economy.
Kazakhstan’s national rail operator and DHL Global Forwarding have signed a memorandum of understanding that will provide the logistics operator with additional block trains on the fast-developing land bridge between China and Europe.
European ports’ hinterland connections will get a boost via the European Union’s largest-ever infrastructure investment totaling 13.1 billion euro ($14.5 billion).
Mobility has become the latest technological catchphrase, especially in transportation, as wave after wave of t
FedEx has formally asked European Union competition regulators to approve its 4.4 billion euro bid ($4.9 billion) for TNT Express two years after they rejected a planned 5.2 billion euro takeover by its U.S. rival United Parcel Service.
Truckload and less-than-truckload pricing expected to rise more quickly than freight volumes, as carriers seek to counter rising operating costs and shippers look to secure capacity.
Exporters of agriculture and forest products who diverted shipments from West Coast ports earlier this year because of labor disruptions and congestion are once again shipping most of their cargo through the West Coast. But in order to remain loyal shippers, they demand that the Pacific Maritime Association and International Longshore and Warehouse Union guarantee a more efficient and reliable labor environment.
Fixing in the container vessel charter market is turning patchier as summer draws near, with hire rates for ships with capacities of 2,500–3,000 twenty-foot equivalent units declining in particular. Rates for gearless 2,700–2,800 TEU ships, which remain popular for the growing intra-Asia trade, continued to erode last week when reports emerged that two vessels had been fixed at a cost of $12,000 a day.
Northern Nevada tops the list for shippers in advanced manufacturing interested in returning to or expanding existing facilities in the U.S., according to recent study from a national site-selection firm. And while the cost of logistics didn’t figure quantitatively into the firm’s ultimate rankings, total landed costs did.
The purchase of ReTrans, an intermodal and truck freight brokerage with more than $500 million in annual revenue, extends the reach of Kuehne + Nagel, the second-largest global 3PL, far beyond U.S. ports and into the nation's industrial heartland.