Category Archives for Industry News

New container futures aim to take sting from freight rate surges Six new futures contracts scheduled to start trading in February seek to hedge the risk of ocean freight rates, joining several other financial products debuting in Asia that aim to capitalize on the last 18 months of extreme volatility that importers and shippers… New container futures aim to take sting from freight rate surges Journal of Commerce

Startups targeting Mexican trucking industry get investor boost Two venture capital funding rounds into companies serving the Mexican freight market are highlighting the opportunity investors see in equipping that country’s underserved… Startups targeting Mexican trucking industry get investor boost Journal of Commerce

Singapore Airlines links to CargoWise for e-bookings Logistics technology provider WiseTech Global has built an integration with Singapore Airlines that allows direct exchange of electronic bookings between the airline and WiseTech’s CargoWise product, the companies said. The integration… Singapore Airlines links to CargoWise for e-bookings Journal of Commerce

Inventory gain, exports raise US GDP forecast US real gross domestic product (GDP) is growing faster than expected, propelled by unexpected surges in inventory investment and exports in October, according to IHS Markit. The… Inventory gain, exports raise US GDP forecast Journal of Commerce

True supply chain relief requires end-to-end recovery … True supply chain relief requires end-to-end recovery International Freight

FMC urged to think globally on data-sharing initiative The scale of the Herculean task facing the US Federal Maritime Commission in trying to improve data coordination within containerized… FMC urged to think globally on data-sharing initiative Journal of Commerce

CMA CGM grows e-commerce platform with billion logistics acquisition CMA CGM has made its second multi-billion-dollar acquisition in a month, flexing its growing profitability to sign a $3 billion purchase agreement for the commerce and lifecycle services business of US-based contract logistics and e-commerce specialist Ingram Micro. The group will fund the acquisition through its… CMA CGM grows e-commerce platform with billion logistics acquisition Journal of Commerce

China prioritizes digitized supply chains with new state-backed logistics group China is making the digitization of supply chains and a national logistics data platform among the key priorities for the state-backed China Logistics Group, formed from the merger of five companies linked to China Chengtong Holdings.  The plans… China prioritizes digitized supply chains with new state-backed logistics group Journal […]

Investment options abound for container lines riding profit windfall … Investment options abound for container lines riding profit windfall International Freight

Transport groups slam ‘knee-jerk’ government response to Omicron The “rushed and fragmented” reaction by governments to the new Omicron variant of COVID-19… Transport groups slam ‘knee-jerk’ government response to Omicron Journal of Commerce