International Logistics

Weekly wrap-up for Aug. 23, 2014
In the latest instance of drayage-related disruption, violence flared at Ningbo’s Beilun Container Port as thousands of striking truck drivers clashed with riot police and smashed the windshields of trucks crossing a picket line. The past week’s protests brought the world’s sixth-largest container port to a standstill, with carriers reportedly diverting ships.

The acquisition of huge non-vessel-owning common carrier China Container Line (CCL) in the first half by Li & Fung reaped immediate rewards for the global sourcing giant, which saw its logistics sector operating profit leap by 31 percent in the first six months of the year.

A freight market that hasn’t “ramped down” this summer spells opportunity for Launch Logistics, the new third-party logistics subsidiary of shipping reseller Unishippers.

Ebola over map of Africa
Carriers and other transport companies are doing their best to dispel fears of spreading the deadly Ebola virus as shipping continues between the virus-stricken countries of Liberia, Nigeria, Sierra Leone and Guinea and the rest of the world.

Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.

The UPS Store
Hackers may have stolen payment information from an undisclosed number of shipping customers of The UPS Store in a period stretching from January to August, UPS said Aug. 20.

A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.

Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business.


Damco expects to end the year in the red after the logistics arm of Maersk Group lost $32 million in the s


Venice, California-based Cargomatic is testing its “Uber”-like truck and shipment matching technology in the tri-state trucking market of New York, northern New Jersey and Connecticut.