Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier’s gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
Tom Cook, managing director of Blue Tiger International, discussed how e-commerce has evolved over time and has provided advice to companies looking to enter into or further develop their e-commerce markets and supply chain requirements.
The signing of a bilateral agreement between the European Union and Cuba is seen as the first step toward normalizing political and economic relations with the Caribbean island nation.
FedEx Express Chairman and CEO Fred Smith said the President-elect should seek changes in the Trans-Pacific Partnership agreement negotiated among the United States and 11 other countries, rather than outright reject it.
The U.S. Bureau of Labor Statistics said Tuesday U.S. import prices in November fell 0.3 percent from a month prior, resulting from lower fuel prices, while export prices fell 0.1 percent month-over-month due to a drop in non-agricultural prices.
The commercial aircraft manufacturer reached a $16.6 billion deal with Iran Air for 80 airplanes, and expects demand for airline pilots and technicians across the globe will rise, thanks to expanding economies and airlines taking delivery of new jetliners.
The Vaughan, Ontario-based drone technology company has entered into an agreement with UAP Inc. (NAPA) to test a drone delivery platform.
Turkish Airlines awarded a cargo handling contract in Johannesburg, South Africa to Africa Flight Services.
Browser-based multi-purpose payment provider PayAnyBiz said it wants to make inroads in the maritime, trucking and logistics service provider industries to bridge the gap between payment and operations.
Eric Johnson, Research Director and IT Editor of American Shipper, said when it comes to modernizing supply chains with data and technology, you have to bring everyone – suppliers, customers, and even your own workforce – along for the ride.
The credit rating agency said container shipping companies will continue to face oversupply, and profitability could be put under even more pressure if bunker fuel prices increase.
PierPass said it will review the possibility of applying a lower flat fee for both day and night moves, with appointment systems to help regulate traffic, or a port-wide “peel-off” program for containers.
STG CEO Chris Jamroz told American Shipper the container freight station (CFS) industry has been underinvested in, partially because of how fragmented it is, and also because 85 percent of all freight moves are done via full-container-load.
A Genesee & Wyoming subsidiary in the United Kingdom will purchase APM Terminals subsidiary Pentalver Transport, which operates off-dock container terminals in each of the UK’s four major seaports, as well as an inland terminal and a trucking operation.
The Northern California seaport saw throughput of loaded import boxes tick up 0.2 percent while laden exports jumped 11.5 percent compared with the same 2015 period, according to recent data from the port authority.
VICT, which is owned by ICTSI, signed an agreement with the Port of Melbourne Corporation in 2014 for the design, construction, commissioning, operation, maintenance and financing of the port’s new terminal and empty container park at the Webb Dock.
DHL Supply Chain established a new distribution center in Guarulhos, Brazil for global life sciences company Sanofi, featuring 36,000 square meters of fully air-conditioned storage space and nearly 50,000 pallet positions.
Port Everglades names environmental program manager, while CEVA Logistics hires managing director of its Australia and New Zealand division.
The Danish conglomerate said at its 2016 Capital Markets Day presentation that it wants container shipping to once again become a growth business for the company, while APM Terminals will focus less on developing and more on filling up existing facilities.
JLL Chief Industrial Economist Walter Kemmsies said many factors are likely to impact the freight movement industry, ranging from macro issues, such as possible trade policy and regulation changes, to specific issues that affect how goods are shipped.
