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 07/05 · 10:10 AM · LM Editorial
Crowley Maritime Corporation, a provider of ocean cargo transportation services, recently announced it has acquired the business and assets of Puerto Rico Freight Systems (PRFS), a provider of freight consolidation and less-than-container load (LCL) transportation services in the Caribbean.
Posted 07/01 · 10:04 AM · LM Editorial
The elimination of required cargo liability insurance by the FMCSA now forces shippers to independently verify the existence of the policy and nature of the coverage held by their carriers. Sound time-consuming? Our transportation law expert offers some practical advice.
Posted 07/01 · 09:23 AM · LM Editorial
While North America’s great ocean cargo gateways are heavily reliant on containerized throughput, major and minor ports alike are not letting go of their bulk and breakbulk operations. Indeed, many of them are coming to regard this basic piece of their portfolio as a value-added service.
Posted 07/01 · 08:32 AM · LM Editorial
OPEC failed to revise production quotas, and upon learning of this decision, traders quickly bid the price back up
Posted 07/01 · 08:07 AM · LM Editorial
I’m not sure who said it, but it’s one of my favorite lines when it comes to putting the current market environment into perspective: You don’t know where you’re going unless you know where you’ve been.
Posted 06/30 · 07:05 AM · LM Editorial
Rising prices and other inflationary pressure could reduce corporate profits by up to 9 percent in 2011 and 2012
Posted 06/29 · 09:49 AM · LM Editorial
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.1 percent in April 2011 compared to April 2010, coming in at $73.8 billion.
Posted 06/28 · 03:02 PM · LM Editorial
As we discussed last week, air cargo shippers are increasingly concerned about the ongoing recovery of service in the Asia Pacific trade lanes.
Posted 06/28 · 11:28 AM · LM Editorial
Taking steps to further leverage a relationship that has been intact since 2003, UPS and global pharmaceutical giant Merck said today they are expanding their distribution and logistics agreement on more of a global supply chain basis.
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.