Volkswagen is in a heap of financial and legal trouble over recent revelations that the company used software code to defeat U.S. Environmental Protection Agency emission requirements for diesel engines. VW has touted for years that new diesel technology is much cleaner than its predecessor and many people bought the company’s diesel Jettas, Passats, […]
One of the themes expressed by supply chain professionals is the need to get better visibility into their inventory. It’s especially important in the ever-growing world of digital commerce, where inventory can be split up to serve multiple sales channels. I’ve got a better grasp of the concept after dealing with my own […]
Western Canada container port gains newfound momentum from electronic appointment system.
Investigators begin probe into the sinking of El Faro off coast of the Bahamas.
Higher rates to the United States drove the increase in the overall spot rate reading, despite rates to Northwest Europe and the Mediterranean continuing to fall.
The national mail carrier of Singapore is making good on its promise to become a global logistics provider, agreeing to acquire a 96.3 percent share in TradeGlobal Holdings, Inc. for $168.6 million, its second such deal this month.
The rate and surcharge changes are intended “to address the impact of increased costs, changing demand for select UPS products and other market factors,” the parcel and logistics company said in a statement.
Panelists at the TPM Asia conference noted Southeast Asia’s rising prominence in container markets, but said growth has been mitigated by the fact that most cargo stays in the less lucrative intra-Asia trade.
The terminal operator will purchase the remaining 39 percent of the issued shares of port terminal manager Grup Maritim TCB, making it the sole controlling shareholder of the company.
Over one quarter of respondents said data analysis is reducing operating costs by $4,000 annually per truck, according to a survey of transportation managers and executives from Fleet Advantage.
Ocean carrier ANL will terminate its current KIX service between Southeast Asia, Australia and New Zealand that it jointly operates with CMA CGM and Hanjin in November.
Container throughput continued to fall last month in what has been a difficult year for the Southern California port, but it should be noted the comparison is against a robust 2014.
The short-sea carrier will launch its seasonal Black Sea reefer service between Mediterranean ports and Novorossiysk, Russia, situated along the Black Sea.
The non-vessel-operating common carrier opened a branch in Cebu, Philippines and Izmir, Turkey.
Topics to be covered at the yearly Customs and Border Protection event, scheduled for Nov. 4-5, include the Single Window for entry processing, the WTO’s Trade Facilitation Agreement, North American Customs collaboration and global supply chain issues.
The consulting firm’s Hong Kong director says a proportion of carriers are still not generating enough cash to pay for ship building programs, or worse, to pay off debt, though the industry as a whole is getting better financially.
Attorney Willie E. Gary, who will represent the family of one of the former crew members of the ill-fated cargo vessel, claims the ship was unseaworthy and that “somebody has to pay” for the 33 people lost in the wreck.
The German-Chilean ocean carrier has set a price range of of 23 euros to 29 euros per share and expects gross proceeds of $300 million from its initial public offering scheduled to to begin Oct. 30.
Solid demand for holiday supplies has pushed up U.S. imports in advance of the shopping season, according to trade research firm Zepol and the National Retail Federation.
The ocean trade consultant says carriers need to better understand potential customers’ product mixes and consumer markets before chasing them with low rates in the current low-demand environment.
