UK forwarders and customs team up to monitor Brexit A new group wants to ensure that Brexit does not result in excessive trade barriers. The impact of Brexit on customs clearance will be assessed by a high level committee of government and private executives to mitigate and address any potential fallout as Britain moves closer […]
Read More →DHL targets China cross-border trade with new Hong Kong facility
on March 13, 2017in Industry News
DHL targets China cross-border trade with new Hong Kong facility DHL has opened a new Hong Kong fulfilment centre to serve the fast growing demand for cross-border products in Asia Pacific, and especially from China, allowing online retailers to move their goods closer to their main regional markets.Zhi Zheng, managing director of greater China for […]
Read More →Brad Jacobs: Completely plugged in and here to stay
on March 11, 2017in Industry News
Brad Jacobs: Completely plugged in and here to stay Less than an hour before XPO Logistics CEO Bradley Jacobs took the stage to deliver the keynote address at the 17th Annual TPM Conference on Feb. 27, the unexpected happened: About 50 Teamsters-affiliated protesters crashed the Long Beach Convention Center to call for XPO’s workers to […]
Read More →Simplified US ocean service contract rule only applies to errors
on March 10, 2017in Industry News
Simplified US ocean service contract rule only applies to errors The US Federal Maritime Commission has clarified the scope of a recent rulemaking. WASHINGTON — US maritime regulators Friday emphasized that their recent vote to scrap a rule requiring container lines file service contracts before they go into effect does not apply to rate increases […]
Read More →Trans-Pac spot rate resilience buoys carriers’ hopes
on March 10, 2017in Industry News
Trans-Pac spot rate resilience buoys carriers’ hopes Spot rates have declined more slowly in the wake of the Lunar New Year than in 2016. Spot rates to move a 40-foot-equivalent unit (FEU) from Asia to the United States are down roughly a quarter from the highs hit in January, but still about 70 percent higher […]
Read More →Spring forecast to bring double-digit US import gains
on March 9, 2017in Industry News
Spring forecast to bring double-digit US import gains Spring is expected to bring more containers to US shores. US ports this spring will handle double-digit increases in containerized imports thanks to strong consumer demand and an economy that shows no signs of slowing down in the near future, according to Global Port Tracker. Imports in […]
Read More →THE Alliance details network, bankruptcy failsafe
on March 9, 2017in Industry News
THE Alliance details network, bankruptcy failsafe NYK Line and its partners in THE Alliance will offer five joint services to North Europe. With three weeks before launch, THE Alliance on Thursday released details on its 32 joint services as well as a mechanism to protect beneficial cargo owners (BCOs) in the event of a collapse […]
Read More →US exporters’ scramble for containers a warning to importers
on March 8, 2017in Industry News
US exporters’ scramble for containers a warning to importers Signs of tight container supply continue to surface. US exporters are having a harder time than usual securing containers, another warning for importers that a short-term global container shortage may be ahead. While Asian importers in the US haven’t reported any trouble finding boxes to date, […]
Read More →Carriers urged to drill down on costs and tech amid grim outlook
on March 8, 2017in Industry News
Carriers urged to drill down on costs and tech amid grim outlook Container lines must continue to wring efficiencies out of their operations. The undeniably grim outlook for global container lines in 2017 nevertheless could brighten if carriers focus on cost cutting, pursue mergers, continue shrinking carrier fleets and use digitalization to more accurately track […]
Read More →Video: Shippers must grapple with transforming industry
on March 8, 2017in Industry News
Video: Shippers must grapple with transforming industry The panel “Transformation in Container Shipping: It’s Finally Happening, So What Does It Mean?” brought together Ronald D. Widdows, former APL/NOL CEO and current chairman of the World Shipping Council, Tan Hua Joo, executive consultant for Alphaliner, and Mario O. Moreno, senior economist for IHS Markit, to discuss […]
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