Category Archives for Industry News

Toll executive to run SingPost, ending year-long search for CEO Singapore Post has appointed Toll Global Forwarding CEO Paul Coutts as its new group chief executive in a move that will strengthen the e-commerce and logistics segment that makes up half the group revenue.Coutts will take up the position… Toll executive to run SingPost, ending […]

Air cargo peak season the best in years, data shows Air cargo has had its best peak season in years with a significant acceleration of both volume growth and yield improvement since the summer, according to the latest industry data.Exports from China… Air cargo peak season the best in years, data shows Journal of Commerce

Air cargo peak season volume healthiest in years Air cargo has had its best peak season in years with a significant acceleration of volume growth and yield improvement since the summer, according to the latest industry data.Exports from China and… Air cargo peak season volume healthiest in years Journal of Commerce

HMM, two partners form intra-Asia consortium Hyundai Merchant Marine said Tuesday it signed a memorandum of understanding to launch a business consortium with two South Korean intra-Asia container lines. The ‘HMM + K2 consortium’ will initially facilitate… HMM, two partners form intra-Asia consortium Journal of Commerce

Don’t expect year-end rate high to last, say industry experts There is little expectation that the solid increase in freight rates that built through December and into the new year will last as container shipping’s weak fundamentals reassert themselves in the slack… Don’t expect year-end rate high to last, say industry experts Journal of Commerce

GRIs lift trans-Pacific spot rates Trans-Pacific spot rates to the United States shot up roughly 20 percent this week after slight declines the prior week as general rate increases made an impact and shippers rushed to move boxes ahead of the two-week factory closings for Chinese… GRIs lift trans-Pacific spot rates Journal of Commerce

Airlines provide a lesson in pricing for ocean carriers A red-eye flight. Everyone is sleeping except for the steamship line executives pouring over the latest income statements showing red ink as far as the eye can see. Although there’s no end in sight, there may be a recipe for some relief aboard the airplane with […]

Asia-Europe spot rates end 2017 on a high Asia-Europe spot freight rates reached their highest level since July 1 in the final week of the year, continuing a steady increase that began late in the first quarter and ensuring that 2017 will start with prices up… Asia-Europe spot rates end 2017 on a high Journal […]

2M starts trans-Pac services to build on post-Hanjin gains The 2M Alliance of Maersk Line and Mediterranean Shipping Co. has introduced two new trans-Pacific services to capitalize on market share gains made since the Hanjin Shipping bankruptcy. Since Hanjin failed, Maersk and MSC have increased their… 2M starts trans-Pac services to build on post-Hanjin gains […]

Hanjin set to ask US court for more time to disclose assets Hanjin Shipping is expected to argue in a New Jersey bankruptcy court Wednesday why it needs extra time to disclose company assets held in the US and worldwide, amid close… Hanjin set to ask US court for more time to disclose assets Journal […]