The latest news and insight revolving around global trade, logistics services, evolving customs and regulations, supply chain security, and the technology necessary to speed freight through the global supply chain.
Posted 06/27 · 11:05 AM · LM Editorial
The report stated that Deutsche Bahn management is considering restructuring Schenker’s U.S. business but added a withdrawal is more possible. And it added that Schenker management was due to deliver a business update by mid July and Deutsche Bahn executives plan to take a decision on the future of its U.S. business by the end of the year, possibly as early as August.
Posted 06/23 · 09:22 AM · LM Editorial
In its fourth quarter earnings report, Fedex explained its 6 percent y-t-d improvement on strong yield improvement in all transportation segments, as well as volume growth of ground and international express shipments.
Posted 06/21 · 11:21 AM · LM Editorial
The cornerstone of America’s tech industry is forecasting increased global sales, and touting pro-business policies for lasting economic recovery
Posted 06/21 · 08:16 AM · LM Editorial
The Port of San Francisco, which ceded major container operations to its cross-bay rival, the Port of Oakland, many years ago, is getting back to basics.
Posted 06/17 · 11:50 AM · LM Editorial
As many leading ocean carrier executives have noted recently, sharper shipper expectations are driving disruptive change in the industry
Posted 06/16 · 09:51 AM · LM Editorial
Port Tracker is calling for first half 2011 volumes to be up 7.2 percent, just ahead of last month’s 7.1 percent projection. This would be 5 percent better than the first half of 2010. In 2010, the report said there was a total of 14.7 million TEU moved—a 16 percent gain over 2009, which was largely achieved due to 2009’s 12.7 million TEU serving as the lowest annual tally since 2003.
Posted 06/16 · 08:57 AM · LM Editorial
Following a 7 percent gain in shipments from March to April, April to May showed an 8 percent increase at 1,037,365, said Panjiva. The number of global manufacturers shipping to the U.S.—at 147,876 was up 6 percent, matching a 6 percent increase from March to April. Both shipments and manufacturers were down 1 percent, respectively, year-over-year.
Posted 06/16 · 07:51 AM · LM Editorial
Despite the increasingly negative economic headwinds of late, May volumes at the Ports of Los Angeles and Long Beach mostly showed some decent signs of growth.
Posted 06/15 · 09:37 AM · LM Editorial
A Bloomberg report released earlier this week stated that Mexican Economy Minister Bruno Ferrari said his country will sign a formal agreement to end a cross-border trucking dispute with the U.S. as early as this month, setting the stage for the Latin American country to remove punitive tariffs.
Posted 06/14 · 08:56 AM · LM Editorial
While the International Air Transport Association further downgraded its 2011 airline industry profit forecast to $4 billion, Asia-Pacific carriers are expected to earn $2.1 billion—the most profitable of all regions.