The container market has seen an inflection point in late 2016, with demand rising above supply during the fourth quarter, ushering in the start of a period of strengthening earnings for carriers, Danish boxship giant Maersk Line believes. As a result, Maersk Line predicts that carriers’ earnings could improve in 2017.
South Korean shipping company Hyundai Merchant Marine has signed a deal with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s terminals in Tokyo and Kaohsiung.
IATA has produced its latest Chart of the Week (COTW), which focused on ‘asset utilization’ – namely, aircraft load factors.According to the COTW, despite a strong pick-up in the (seasonally adjusted) freight load factor during the second half of 2016 – due to stronger demand and only moderate cargo capacity growth – the annual average […]
QATAR Airways Cargo has commenced new scheduled B777 freighter operations in the Americas. The twice-weekly services depart from Doha via Luxembourg, the cargo carrier’s European hub and stop at Såo Paulo in Brazil, Buenos Aires in Argentina and Quito in Ecuador, before arriving in Miami, Florida.
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission (FMC) to provide guidelines on detention and demurrage charges. In December, a group of 25 shippers and logistics companies, called the Coalition for Fair Port Practices, asked the FMC to address fees imposed on shippers when they can’t pick-up […]
The first quarter may be a slack season for truck freight as the industry catches its breath after the frenzied winter holidays and gears up for the spring surge in home goods sales, but US shippers are moving quickly to seal new pricing contracts with trucking companies. (This article requires registration at the Journal of […]
At 11 p.m. last Thanksgiving, shortly before Thursday became Black Friday, the crowds were thick at Macy’s massive flagship store in Manhattan. Some 16,000 people had lined up around the block to kick off the biggest shopping weekend of the year. Five hours after the doors opened, they were still going strong.
US business inventories are rising amid signs freight is flowing more freely through supply chains, rather than piling up in high stacks of goods at warehouses. Total business sales increased 2 percent in December from November and 5.2 percent year-over-year, the US Census Bureau said Wednesday. (This article requires registration at the Journal of Commerce. […]
In Asia’s export dynamos, trade is picking up steam. In January, Chinese exports rose year-on-year for the first time in ten months; South Korean shipments have increased for three months in a row. Surveys reveal strong export pipelines in Japan, Singapore and Taiwan. Healthy order books for Asia’s manufacturers normally bode well for global trade […]
Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March. The revived possibility of a U.S. rate hike next month, together with demand for […]
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