Global air cargo rally gains momentum Air cargo growth has surged in recent months. The global air cargo rally picked up pace in May with traffic soaring 12.7 percent, up from an 8.7 percent year-on-year increase in April and more than three times higher than the five-year average growth rate of 3.8 percent, the International […]
Read More →Long truck waits continue at NY-NJ’s APM Terminal
on July 3, 2017in Industry News
Long truck waits continue at NY-NJ’s APM Terminal Lengthy truck lines continued outside APM Terminals in the Port of New York and New Jersey Monday as the terminal struggled to serve truckers, sometimes using paper documents, on the third day of operations since a massive cyberattack last week on parent company Maersk Group shut down […]
Read More →Container lines building pricing power
on July 3, 2017in Industry News
Container lines building pricing power After rock bottom rates in 2016, rate levels are maintaining their recovery through 2017. Container shipping is fast becoming a carriers’ market and with the extra pricing power gained by industry consolidation and the better supply-demand fundamentals, there is little likelihood of carriers returning to the profitability-destroying rate wars of […]
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