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 04/26 · 08:12 AM · LM Editorial
Despite increasing fuel costs and harsh winter weather conditions, UPS reported today that first quarter revenue—at $12.58 billion—was up 7.3 percent year-over-year.
Posted 04/25 · 11:07 AM · LM Editorial
Following a 15 percent decline in United States-bound waterborne shipments from January to February, data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, showed that shipments were up 4 percent from February to March.
Posted 04/20 · 07:47 AM · LM Editorial
China Shipping has completed a major phase of its terminal expansion project at the Port of Los Angeles, adding a new 925-foot section of wharf, 18 additional acres of backland and four new container cranes that will increase cargo throughput.
Posted 04/19 · 11:26 AM · LM Editorial
While the world’s leading cargo vessel operators had seen a remarkable reversal of fortune last year, industry analysts predict the turnaround will be “short-lived.”
Posted 04/18 · 07:15 AM · LM Editorial
As all of our nation’s major ocean cargo gateways attempt to expand their footprints and compete with enhanced infrastructure, finding the money for many such projects continues to be a daunting challenge.
Posted 04/15 · 09:11 AM · LM Editorial
POLB imports, which are primarily comprised of consumer goods, hit 191,211 (Twenty-foot Equivalent Units) in March, which was down 7.5 percent annually.
Posted 04/13 · 08:02 AM · LM Editorial
While U.S. federal government lawmakers continue to focus on the nation’s budgetary woes, The American Association of Port Authorities is convening a special meeting in San Francisco to examine financial challenges of its own.
Posted 04/12 · 06:48 PM · LM Editorial
California exporters recorded their 16th consecutive month of healthy year-over-year gains in February with shipments totaling $11.76 billion, a 13.4 percent increase over the same month last year
Posted 04/12 · 05:12 AM · LM Editorial
The Port Tracker report is calling for March to come in at 1.2 million TEU for an 11 percent annual gain. April is expected to reach 1.24 million TEU for a 9 percent annual increase.
Posted 04/11 · 10:35 AM · LM Editorial
The United States Department of Transportation (DOT) recently unveiled the details relating to an agreement made in early March regarding the cross-border trucking program between the United States and Mexico.