Filed in Global Logistics
Thursday, June 16, 2011
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.
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.
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.
Wednesday, June 15, 2011
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.
Monday, June 13, 2011
Panjiva’s new quarterly report, entitled the Quarterly Trendspotting Report, takes a detailed look at the macro trends that impacted global trade during the first quarter of 2011. One of its main objectives is to assist sourcing executives determine which geographies are “trending hot” for products they are looking for on a worldwide basis and what the current trends are on an annual basis.
Friday, June 10, 2011
Despite recent signs of a slackening pace of global economic growth, California exporters turned in another impressive performance in April with shipments totaling $12.88 billion, a gain of 14.4 percent over the same month last year, according to an analysis by Beacon Economics of foreign trade data released this week by the U.S. Commerce Department.
Tuesday, June 07, 2011
The company is replacing a Boeing 757 narrow-body aircraft with a new and larger B-767 wide-body freighter, which increases cargo capacity by 50 percent on UPS’s 19 weekly flights into Central and South America.
Monday, June 06, 2011
While the practice of “slow steaming” by ocean carriers has become more commonplace in an effort to reduce fuel costs, shippers are not necessarily enthused about its subsequent effects on their supply chains, according to a new study comprised of feedback from 290 shippers conducted by third-party logistics services provider BDP International
Thursday, June 02, 2011
Less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said this week it has expanded its Pacific Promise service in an effort to meet increased shipping demand from Asia.
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Tuesday, May 31, 2011
Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.