International Logistics

A scarce supply of industrial land will continue to push up warehouse rentals in Hong Kong, keeping landlords in the pound seats while ramping up operating costs for third party logistics providers.

Demand for U.S. industrial property will remain strong for at least the next 24 months even though the market for manufacturing and distribution facilities has experienced four years of continuous growth, according to the latest U.S. Industrial Outlook published this week by CBRE Research.

After rising past $2 billion in revenue, non-asset Total Quality Logistics is expanding its physical network in North Carolina, opening an office in Durham.

Gati Ltd., India’s leading express distribution and supply chain solutions provider, on Tuesday said the growth of e-commerce helped increase net earnings by 60 percent in its third fiscal quarter, which ended on Dec. 31.

Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.

HONG KONG — An estimated 10 million square feet of warehousing space will be completed in the Shanghai area this year, wi


SingPost has acquired a 90 percent stake in New Zealand forwarder Famous Pacific Shipping as the regional e-commerce logistics specialist expands its Asia-Pacific footprint.

With the global middle class set to grow by nearly 3 billion people by 2030, congestion threatens to choke trade and economic growth, economist Walter Kemmsies told the SMC3 2015 JumpStart conference last week.

A dramatic drop in U.S. oil and fuel prices is proving a temporary salve for shippers pinched by rising transportation costs. The relief is only be temporary, analysts warn.

UPS is considering "new pricing strategies," including targeted peak-season surcharge prices, after spending $200 million more than expected to deliver packages this holiday season.