Category Archives for Industry News

Ferromex sounds alarm on rocketing cargo thefts Ferromex trains are targeted most often in the state of Puebla. Photo credit: Shutterstock A dramatic increase in the number of attacks on freight trains in southern Mexico and near the Port of Veracruz — from a handful of incidents each month to as many as 16 per […]

Cosco to use billion share sale to fund mega-ships The Ocean Alliance, of which Cosco is a member, has the largest orderbook of the new alliances. Photo credit: Shutterstock Cosco Shipping Holdings plans to raise more than $2 billion in a share sale that it will use to pay for 20 new container vessels that […]

Trans-Pacific spot rates stage late-peak rally Trans-Pacific spot rates are down year over year due to inflated comparisons with rates following the collapse of Hanjin Shipping. Photo credit: Shutterstock. Spot rates from Asia to the US East and West coasts increased for the first time in two months, proving there is still some life left […]

Asia-Europe spot rate up after 13-week slide Asia-Europe spot rates show signs of life after falling steadily through the peak season. Photo credit: Shutterstock The China-Europe spot rate arrested a 13-week slide and rose $63 per TEU this week in advance of Nov. 1 rate increases planned by a host of carriers on the trade.Rates […]

Russian rail rates spike on car shortage The shortage threatens market share gains rail has made against trucking in Russia. Photo credit: Shutterstock A shortage of rail cars has caused Russian rail rates to surge 20 to 22 percent year over year to $1,000 per container this week in the western part of the country. […]

Freight finally enters digital era Global logistics appears runs the world’s economy. Creating jobs, boosting productivity, and energizing international economies, freight has been making waves for ages. Look at the longstanding impact of ocean freight. Egyptian coastal sailing ships were trading as early as around 3,200 BC. Today, maritime transportation is at a stage where […]

Santos customs follows up week of slowdowns with strike Truck and train movement into Santos will be delayed during a one-day strike. Photo credit: Rob Ward Customs officers in the key Brazilian port of Santos went ahead with a one-day strike, guaranteeing further delays and extra warehousing costs for shippers after a week of slowdowns. […]

Bangladesh turns to inland waterways to cut costs Chittagong shippers can save at least $100 for shipments to Dhaka by using inland waterways. Photo credit: Shutterstock Bangladeshi shipping officials are hopeful that a surge of inland waterway capacity will drastically cut shipper costs and congestion on the country’s highways to the capital of Dhaka. The […]

Rate volatility puts carriers' BCO business at risk East-west spot rates have been unable to sustain the positive momentum they showed earlier in the year. Despite the goal of newly consolidated carriers to reassert themselves to create value in the supply chain, rate volatility and how that alienates key customers and further strengthens non-vessel-operating common […]

Russia-Turkey sea rates fall amid trade spat The port of Haydarpasa sits between Asia and Europe on the Bosphorus Strait. Turkey’s decision to limit Russian food imports drove down Black Sea shipping rates between the two countries by 20 percent and they may decline further before the end of the year. The cost for shipping […]