Container lines and shippers can fix what some consider to be a broken industry if they concentrate more on accelerating the flow of data and cargo and less on freight rates and cost-cutting measures.
Rising spot rates as 2016 winds down will not be enough to lift carrier margins back into profitability, but the upwards trend will be a welcome relief after a year to forget.
The providers of LCL services are expanding their US to China and India offerings that give forwarders and shippers better access to Asia.
The original language would have expanded the antitrust immunity of container shipping alliances.
Indian shippers who have been reeling from unpredictable demand may have some cost relief on the way after the Directorate General of Shipping and stakeholders moved a step closer to reaching an agreement over abolition of shipping surcharges.
Eastbound trans-Pacific spot rates are sliding on the wind down of the peak season.
Container shipping lines are “playing poker” with ports as their push for lower handling charges puts future terminal investments at risk, Drewry Shipping Consultants said.
Spot rates on the Asia-Europe trade have taken a sharp turn upwards, rising by 20 percent over the previous week.
Cargo liability concerns in Russia have been raised by insurer TT Club as trade volumes in the region increase.
Famous Footwear and other specialty retailers are turning to pool distribution to get more precise control over inventory and fulfillment.