China's growing courier business will have greater access to US markets after a joint venture was agreed between global giant UPS and China market leader SF Express.
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After three weeks of declines, the China to Europe and the Mediterranean spot rates rose this week, probably lifted by shippers trying to beat the rate increases coming on June 1.
The strong growth in air cargo volumes out of Asia has continued through April, driven by international demand.
Shippers using CMA CGM on the North Europe-Middle East-India trade will face a container booking cancellation fee from June 1.
New rail service launched between Shenzhen and Minsk to cover growing trade between the two cities.
Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.
JD.com drones operating in China's Shaanxi Province will be able to transport shipments of up to one ton across the retailer's inter-provincial network.
There are signs that the liner shipping business is clawing its way back to profitability, but with the real impact of higher contract rates yet to be felt, it is too soon to say.
Container shipping has reached a point where digitization has become a competitive necessity.
Spot rates on China-Europe and Asia-Mediterranean trades have continued to decline, defying carrier attempts to move prices in the opposite direction.
Set up to serve foreign companies, Asian factories are trying to re-engineer themselves to cope with shrinking orders and increasing regional demand.
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