Hanjin Shipping’s failure put a noticeable dent in US import volumes, which fell 3.8 percent year-over-year in September to 1.8 million 20-foot-equivalent units.
HURRICANE MATTHEW’S IMPACT ON THE TRUCKING INDUSTRY
Not since 2007 had the US seen a Category 5 Atlantic Hurricane. This all changed when Hurricane Matthew, a destructive and long-lasting tropical cyclone, wreaked havoc on the southeastern United States. Before its arrival on US shores, the storm also impacted Haiti, Jamaica, and a number of other island-nations. Its origin can be traced to […]
3PL Segment Growing 2-3 Times Faster Than GDP
The third-party logistics industry has been growing two to three times faster than GDP, totaling about $157 billion per year, according to Robert Voltmann, president and CEO of the Transportation Intermediaries Association.
Good news for West Coast ports
News that the 20,000-member International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) plan to meet again in early November should be welcomed by West Coast shippers who can recall cargo slowdowns that occurred over a nine-month period before being settled in the contract agreement of February 2015.
Logistics providers challenged to guide shippers through rapid change
Logistics has changed drastically. What was once called “physical distribution management” is now just as digital as physical, and the rapid growth of e-commerce, coupled with mobile technology, is pushing the limits of omnichannel supply chains. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Shippers struggle to gauge financial health of alliance partners
Shippers are being urged to have a good look at the financial situation of carriers before committing their cargo, but that is going to be a complicated procedure once the new alliances are in operation from April 2017. Even if a shipper selects a healthy carrier, few members of those three alliances – 2M, Ocean […]
The $120 Billion Kink in the Global Supply Chain
The economic impacts of the Hanjin Shipping bankruptcy are unclear, but seeing as how an 8-day strike in California ports skewed economic data for months and that Hanjin handled 8% of US Pacific trade, we’re guessing there will be some economic effect.
Chinese container port volume growth spurs recovery speculation
China’s main ports booked strong year-over-year growth in container throughput in August, fueling speculation of a possible trade recovery for the second half of the year in the world’s second-largest economy. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
FTR Conference: Expect a Freight Recovery, Just Not a Big One
While a recovery for freight and the overall U.S. economy is in the cards for the fourth quarter of the year, those attending the first sessions of the FTR Transportation Conference in Indianapolis on Wednesday were also told by experts they should not expect a huge boom.
Evergreen, Yang Ming respond to Hanjin’s rehabilitation
Taiwanese ocean carriers Evergreen Line and Yang Ming have added new functions to their websites in response to service disruptions caused by Hanjin Shipping’s insolvency. Evergreen said in a press release its new e-commerce functions enable customers to update the status of their cargo and Hanjin’s vessel positions, including anchorage information. In addition, Evergreen said […]