Kuehne + Nagel, the world’s largest sea freight forwarder, said it is targeting the trans-Atlantic container trade to offset slowing Asian exports to Europe.
China’s logistics industry is expected to show double-digit growth over the next five years, continuing a trend of 21 percent compound annual growth since 1991 and driven by rising online shopping and a growing trend of outsourcing non-core activities.
Near-shoring of manufacturing from China to Mexico, tight U.S. transportation capacity and competition from Amazon as a logistics provider were prominent topics in an annual survey of 27 third-party logistics CEOs sponsored by Penske Logistics and released today.
Air and ocean freight are expected to see “good” trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a number of high-profile tech product launches, according to a new survey from the investment firm Stifel Nicolaus.
Kerry Logistics aims to tap growing trade between Asia and Oceania, and between Australia and New Zealand through a joint venture with a New Zealand-based global freight forwarding company.
Container lines will continue to expand their share of the refrigerated cargo market, but specialized reefer carriers can survive if they diversify and pick their niches carefully, Drewry Maritime Research says in its annual analysis of the reefer shipping market.
Air cargo out of Asia is seeing its first peak season in five years, and better capacity management among cargo carriers is set to push up freight rates into the last quarter.
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.
U.S Senate investigators said Wednesday that computer networks of transportation companies that work for the U.S. military were broken into 20 times in one year by hackers with links to the Chinese government, highlight the growing cyberattack risk to shippers and carriers.
Strong domestic volumes in the air and on the ground delivered double-digit profit growth for FedEx in the first quarter of its new fiscal year.