Category Archives for Industry News

Trans-Pac spot rates slide into Memorial Day weekend Trans-Pacific spot rates continue to sink. Spot rates in the eastbound Pacific dropped for the fourth straight week, bringing rates from Shanghai to the East Coast 15 percent lower than the 2017 peak in late April, and down 21 percent on routing to the West Coast. The […]

UPS and SF Express partner to grow China-US courier business SF Express is the market leading courier firm in China. Credit: SF Express The world’s largest express company and China’s market leader in the express sector are joining forces on the China-US trade to tap into the rapidly growing mainland consumer demand for international delivery.UPS […]

US containerized export growth decelerates Low container shipping rates have helped offset the impact of a strong dollar for US exporters. US containerized growth decelerated quarter-to-quarter in the first three months of 2017 from the fourth quarter of 2016, but rose 4.6 percent year over year from the same period a year ago, as demand […]

Customs closes key US-Mexico border bridge An image of the damage sustained at the World Trade International Bridge border crossing. Credit: Omar S. Gonzalez. US and Mexican authorities have closed down the largest US-Mexico truck crossing point after wind and rain Sunday severely damaged the commercial bridge that connects Laredo, Texas with Nuevo Laredo, Tamaulipas. […]

Nippon Express greatly expands China-Europe rail Nippon Express is the latest international logistics company to sense opportunity in rail services between China and Europe. Nippon Express, Japan’s top international freight forwarder, significantly expanded its cross-border rail transportation services between China and Europe on Monday. The company’s full containerload (FCL) and less-than-containerload (LCL) services, previously limited […]

Intra-Asia rates resist surging first quarter trade growth Tan Cang Cai Mep International Terminal in Vietnam. Credit: TCIT Container trade within Asia in the first quarter jumped by 23.5 percent year-over-year to reach 10.8 million TEU after zero growth in 2016, but the rapid growth was not reflected in freight rates.Average intra-Asia spot rates are […]

China e-commerce giant sets up provincial drone network A JD.com package takes to the skies in China’s Shaanxi Province. Credit: JD.com The largest retailer in China, online or offline, is setting up a low-altitude drone logistics network spanning the entire province of Shaanxi in a move that it believes will revolutionise the shipment of cargo […]

Technology tipping point reached in liner shipping, INTTRA says The industry is about to enter a new phase where data analytics will play a key part, according to INTTRA. The pace of technology innovation in the container shipping industry is accelerating as businesses seek new and more efficient ways to operate, and it is transforming […]

Radical shift in Asia sourcing pressures factories Smaller orders and faster delivery requirements are testing Asia’s factories. Credit: Nike Factories across Asia are trying to cope with shrinking order sizes and regional demand that is creating a radical shift in a business model that has been operating for decades, according to a new report on […]

Rising freight market lifts earnings at Transport Corp. of India Tax reforms that take effect in July should give a boost to freight volumes. Improving freight demand trends that brought stability to pricing enabled trucking and logistics giant Transport Corporation of India (TCI) to deliver strong results in fiscal year 2016 to 2017 that ended […]