Category Archives for Uncategorized

Container equipment costs hit 10-year low While container carriers haven’t had much to cheer about as spot rates take a beating, they can at least take solace in the fact that equipment costs have hit a 10-year low, according to shipping consultant Drewry. In June, the index used to measure the cost of container equipment […]

China logistics reaps rewards of rising trade, domestic consumption HONG KONG — The demand for logistics services and infrastructure will be fuelled by China’s increasing trade appetite and the continuing growth of e-commerce markets within the country, according to Barclays Research. With China’s logistics costs still around 16 percent of GDP, already significantly higher than […]

Logistics, trade groups hail choice of Heathrow for expansion A conceptualization of London Heathrow Airport with a third runway.LONDON – Freight forwarders and logistics providers today hailed a government-appointed commission’s call for a third runway to be built at London Heathrow airport, Europe’s fourth largest air cargo hub. “Heathrow provides the greatest benefits for business […]

Strong US dollar, low oil prices hurting US-Canada trade The value of goods shipped across the U.S.-Canadian border dropped 12.5 percent in April, thanks in part to a weaker Canadian dollar and a shrinking Canadian economy. In April, all transport modes carried a lower value of U.S.-Canada freight than a year earlier, the U.S. Bureau […]

The Business of Supply Chain is Changing Through Innovation Summit Michigan Supply Chain Innovation Summit co-hosts,  Michigan Economic Development Corporation  (MEDC) and  Prima Civitas, are proud to present top experts who are pushing the boundaries of today’s best supply chain practices.   Network at the opening-night private reception and elegant dinner at The Henry Ford Museum, America’s greatest innovation […]

European ports to expand hinterland reach via EU aid Port of Rotterdam container yard and rail connection.European ports’ hinterland connections will get a boost via the European Union’s largest-ever infrastructure investment totaling 13.1 billion euro ($14.5 billion). Of the plan comprising comprising 276 projects, major rail and inland waterway links are the main beneficiaries. Ports, […]

West Coast ag shippers demand reliability from ILWU, employers SAN FRANCISCO – Exporters of agriculture and forest products who diverted shipments from West Coast ports earlier this year because of labor disruptions and congestion are once again shipping most of their cargo through the West Coast. But in order to remain loyal shippers, they demand that the […]

Charter rates for sub-Panamax container ships start falling Fixing in the container vessel charter market is turning patchier as summer draws near, with hire rates for ships with capacities of 2,500–3,000 twenty-foot equivalent units declining in particular. Rates for gearless 2,700–2,800 TEU ships, which remain popular for the growing intra-Asia trade, continued to erode last […]

Tripartite has secured .5m for infrastructure The COMESA-EAC-SADC Tripartite has secured an USD 4.5m grant from the NEPAD – Infrastructure Project Preparation Facility. Out of this facility, USD 1.7m will go to Botswana to implement infrastructure projects that will strengthen trade between COMESA and SADC. Secretary General of COMESA Sindiso Ngwenya disclosed this when he […]

Days of historically low US logistics costs seen coming to end WASHINGTON — Tightening capacity fueled by growing demand spells the end to historically low logistics costs, according to the latest State of Logistics report out of the Council of Supply Chain Management Professionals. The cost of U.S. business logistics rose 3.1 percent to slightly […]