Ready or not, digitalization is on its way The container shipping industry is embracing technology, hoping for gains in transparency, cost-savings, and efficiency. Photo credit: Shutterstock. The container shipping industry, widely seen as slow to embrace technology, could be on the verge of a year of significant advance. Driven by hundreds of millions of dollars […]
Read More →Intra-Asia outlook: Even more competition
on December 29, 2017in Industry News
Intra-Asia outlook: Even more competition Scores of shipping lines competed for the estimated 30 million TEU in 2016 volume that moved among thousands of port pairs across Asia. Photo credit: Shutterstock. A key development in intra-Asia during 2018 will be the first-quarter launch of the Korea Shipping Partnership, an alliance of South Korean container shipping […]
Read More →US-Latin America outlook: Continued growth
on December 29, 2017in Industry News
US-Latin America outlook: Continued growth As the year beckons, the north-south route is characterized by multiple carrier options, all trying to capture business. Photo credit: Hamburg Sud. A 2.6 percent increase in trade on the north-south routes between the United States and Latin America in 2017 set the stage for potential further increases in the […]
Read More →E-commerce trend remains tailwind for air cargo
on December 28, 2017in Industry News
E-commerce trend remains tailwind for air cargo One indication of air demand: shippers and forwarders are having difficulty securing space on planes out of Asia. Photo credit: Shutterstock. Air freight rates rose steadily through 2017, and booming demand for new technology products and e-commerce that filled available cargo space is expected to continue well into […]
Read More →Shippers' transport concern is capacity, not price
on December 27, 2017in Industry News
Shippers' transport concern is capacity, not price The US economy is strengthening – something that’s likely to increase demand for transport services. Photo credit: Shutterstock. Capacity, not price, is king once again, at least temporarily, as shippers sweat to find and secure space for their freight on highways and rails in 2018. Beyond normal seasonal […]
Read More →Car carriers focused on remaining flexible
on December 26, 2017in Industry News
Car carriers focused on remaining flexible Oversized project and breakbulk cargoes are a growing part of car carriers’ business. Photo credit: Shutterstock. Shifts in demand, capacity, and cargo mix present operators and customers of vehicle-carrying ships with challenges and opportunities in 2018. Roll-on, roll-off shipping is dominated by pure car and truck carriers — big, […]
Read More →India expands RFID container tracking system
on December 26, 2017in Industry News
India expands RFID container tracking system Officials said the RFID system is one of several ease-of-doing-business measures the government has deployed to enhance port/trade competitiveness. Photo credit: Shutterstock. India is expanding its radio-frequency identification (RFID) technology-enabled container tracking service to more terminal locations, aided by Japanese technological assistance that’s proved to be a key driver […]
Read More →US shipping industry awaits data-sharing portal
on December 22, 2017in Industry News
US shipping industry awaits data-sharing portal Shaving one day from the supply chain spread over thousands of shipments can save BCOs millions of dollars a year in cost. Photo credit: Shutterstock. NEWARK — The marine terminal, trucking and warehouse sectors are realizing incremental improvements in cargo velocity, but the industry needs a data-sharing portal that provides […]
Read More →Holiday will not dent sky-high air freight rates
on December 22, 2017in Industry News
Holiday will not dent sky-high air freight rates Tight space regarding Asia to Europe and across the Pacific, and on trans-Atlantic and Europe-South America trades, is driving up air cargo rates to levels not seen in years. Photo credit: Shutterstock. Favorable supply and demand dynamics are driving up air cargo yields and offsetting pressure from rising […]
Read More →JNPT eyes barges to reduce truck congestion
on December 22, 2017in Industry News
JNPT eyes barges to reduce truck congestion Truck transport is causing congestion and backups on the area’s roads and highways. Photo credit: Shutterstock. After struggling to make steady progress on its road-to-rail freight conversion drive, Jawaharlal Nehru Port Trust (JNPT) is looking to promote cargo movement via barges, as pressure from Indian government authorities to […]
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