New Transpacific player.
The Containership Company (TCC), created just last fall, inaugurated its first Transpacific voyage last month. Heralded as “The Great Dragon” service, it got underway in April with...
in the NewsState of Logistics 2016: Pursue mutual benefit May trade between U.S. and NAFTA partners down 3.1 percent UPS reports solid Q2 earnings paced by international and B2C growth AAR reports another week of declining volumes Despite mixed Q2 results, transportation & logistics deal making prospects look bright More News
The Containership Company (TCC), created just last fall, inaugurated its first Transpacific voyage last month. Heralded as “The Great Dragon” service, it got underway in April with its eastbound debut by sailing from the Taicang International Gateway in Jiangsu. As recently reported in LM, Jakob Tolstrup-Møller, TCC’s CEO, said that this “port-to-port service will appeal to shippers looking for a new partner and a more direct link to the vast inland manufacturing base of the Jiangsu province.” The event comes at a time when U.S. West Coast shippers are fighting to find space on inbound and price hikes have been sticking. For the first time since mid-2008, average global container freight rates experienced a year-over-year increase in late 2009, according to the Drewry Global Freight Rate Index.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
2016 State of Logistics: Third-party logistics 2016 State of Logistics: Ocean freight View More From this Issue