The surge in cargo volume that major U.S. East Coast container ports have experienced this year at the expense of their West Coast counterparts has come mostly from large shippers because smaller companies can’t afford to alter their supply chain network, according to one logistics expert.
Heralding the larger ships cascading into the trans-Pacific trade, the CMA CGM Callisto, the largest container ship ever to call Puget Sound, arrived Tuesday at Terminal 18 in Seattle.
Appleton, Wis.- U.S. Oil, the petroleum and renewable energy distribution division of U.S. Venture, Inc., announced today that it has acquired a refined products terminal in Indianapolis, Indiana. The new terminal adds 410,000 barrels of capacity and expands U.S. Oil’s existing distribution network to 21 terminals in North America.
U.S. construction spending rose to the highest level in more than seven years in July, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders. (This article requires a subscription with The Wall Street Journal. To access, please click on the above link.)
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause
When news broke last week regarding the Chines government’s decision to devalue, its dollar, known as the Yuan, by nearly two percent, it sent a ripple throughout the global economy in a few different ways.
An empty shelf in a big box store may be a retail logistics manager’s worse nightmare, but it’s not the only one. An empty warehouse rack or shelf may be just as bad, especially if that warehouse ships e-commerce orders. (This article requires registration at the Journal of Commerce. To access, please click on the […]
LONDON – The slowdown in China’s economy poses risks for container shipping but they are “far smaller” than the impact on the dry bulk market, according to Drewry Maritime Research. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The Los Angeles Board of Harbor Commissioners and officials from the port are packing their bags and heading to Chile and three countries in Asia this month so shore up relations with key shipping lines and fruit exporters impacted by the recent 9-month-long labor dispute at the ports of Los Angeles and Long Beach. (This […]
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