The most correct prediction in the last few years may have been made by Ray Fitzgerald, president at Wallenius Wilhelmsen Logistics, at the Georgia Foreign Trade Conference last February, when he spoke about operating in a VUCA (volatility, uncertainty, complexity and ambiguity) environment. Recent and forthcoming political decisions in many parts of the world, […]
They’ll likely have to come up with a different name to avoid being confused with the Post-it manufacturer 3M, but the 2M ocean carrier alliance of Maersk Line and Mediterranean Shipping Co. (MSC) will soon become three. Struggling South Korean carrier Hyundai Merchant Marine (HMM) announced in July it signed a memorandum of understanding […]
Operators of breakbulk or multipurpose ships are being squeezed as operators of container and dry-bulk ships—both shipping sectors that are facing hard times—have targeted their market. A recent report by Drewry found “The demand outlook for the multipurpose fleet has not improved since the first quarter of 2016. The breakbulk and project cargo […]
The events of Sept. 11, 2001 significantly integrated “trade compliance management” to the forefront of every global supply chain’s operation and ultimately a necessary component of successful importing and exporting. Here we are some 15 years later and the functionality of global trade includes compliance in every aspect of how goods and services […]
Attendees will gain insights into the longest supply chains—those that reach into outer space.
When the United Kingdom voted to leave the European Union on June 23, plenty of pundits suddenly became experts on British politics. However, a sober look at the economic and trade ramifications, particularly for the country’s production sector, were in the immediate aftermath more elusive. Broadly, the vote in favor of a “Brexit” […]
The TMS provider was acquired by fellow logistics software firm Kewill in April, and the companies are progressing on merging products and organizations, Lean executives said in a briefing.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
Until now, Freightos has focused on helping forwarders quote faster, but since January, the logistics technology provider has been beta testing its China-to-United States marketplace.
New York-based private equity firm ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
The Port of Long Beach Harbor Commission on Monday authorized a voluntary framework program that will disburse $46.4 million in local neighborhoods over the next dozen years or more to reduce the impact of port-related pollution.
Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most recent financial statements.
Wind Point Partners will acquire the Kearny, N.J.-based asset-light third-party logistics provider for an undisclosed sum as it attempts to expand its portfolio of transportation and supply chain services companies in the United States.
Canada’s Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
The U.S. Gulf Coast port handled 1.09 million TEUs during the first half of 2016, a 4 percent decline from the corresponding period in 2015.
The Californian port saw a pause in the growth of building materials flowing across its docks during the past fiscal year.
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
Linea Peninsular began operating a weekly container shipping service this month between the Mexican ports of Altamira and Progreso, and Tampa.
Total cargo throughput at the largest French port fell 3 percent to 39.13 million metric tons in the first six months of 2016 as general cargo volumes remained relatively flat and bulk volumes fell compared with the same 2015 period.
The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers’ Council chairman to its board.
