Category Archives for Industry News

Private equity makes .6 billion bid for GLP Logistics warehouse developer GLP could be in the hands of private equity by April 2018. A consortium of Chinese investors has made an $11.6 billion offer for Singapore-listed warehouse developer Global Logistics Properties, which even after a share price rally this year is still a 25 percent […]

Cyber attack highlights maritime security limitations The June 27 “NotPetya” cyber attack that disrupted business at Maersk Group for well over a week has been dubbed “the industry’s Y2K moment,” but that’s not accurate. Y2K was the threat to computer systems at the moment the year 1999 turned into 2000, and the fears never materialized. […]

No rapid rise of US beef exports to China expected as market opens US beef will soon be available in Chinese markets and grocery stores. DALIAN — The first consignment of US beef to be imported by China in 14 years is just days away from arriving in the country following a trade deal reached […]

Testing the limits of cyber security The June 27 “Not Petya” cyber attack that disrupted business at Maersk Group for well over a week has been dubbed “the industry’s Y2K moment,” but that’s not accurate. Y2K was the threat to computer systems at the moment the year 1999 turned into 2000, and the fears never […]

Belt and Road to ease container shipping overcapacity The port of Colombo is a key node in China’s Belt and Road. The container shipping industry is starting to feel the benefits of firmer demand in a strengthening global economy, which together with industry consolidation and China’s Belt and Road initiative, is driving more positive sentiment […]

Shippers have limited ways to protect against next cyber attack A devastating cyber attack on the Maersk Group has shown how critical IT security is to maintaining supply chains. US shippers moving goods through the APM Terminals’ Elizabeth, New Jersey, facility are accustomed to delays caused by cargo surges and minor IT hiccups, but none […]

London Heathrow freight surges, outpaces Frankfurt Heathrow Airport must expand to keep up with growing demand. London Heathrow airport’s cargo traffic increased 13.4 percent year over year in June, driven by soaring shipments to and from Latin America. Europe’s fourth-largest air cargo hub handled 142,349 tonnes, boosting the six-month total by 9.1 percent to 823,322 […]

FMC port congestion task force focusing on deliverable data Lots of containers means lots of datapoints, which could be a pitfall for the industry. WASHINGTON — The US Federal Maritime Commission is advising industry leaders participating in the second round of an effort to curb US port congestion to focus on collecting information that will […]

Resin packager seeks to build Savannah exports Savannah’s position as the No. 2 East Coast port and ample supply of empty containers was a major factor in A&R Logistics’ decision. A&R Logistics plans this year to open a bulk-to-containers packaging center at the Port of Savannah to compete for US synthetic resin exports that are […]

Video: Distribution Network Analyses Spur Memphis Interest When Patterson Warehouses began operations in Memphis in 1856 flatbed trailers were horse-drawn and being loaded onto steamboats. Today, one-day truck service reaches 40 percent of the US population. Vice President Buzz Fly sat down with JOC.com to discuss the city’s evolution as a logistics hub, most recent […]