Canadian economic growth unexpectedly paused in October as a decline in oil and gas extraction offset gains in the wholesale trade and retail sectors, data from Statistics Canada showed on Friday. The unchanged reading for gross domestic product was short of economists’ forecasts for a gain of 0.2 per cent following September’s unrevised 0.2 per […]
Representatives from the Global Plastics Alliance (GPA) – which currently includes participation from 19 countries – met in Penang, Malaysia from December 13-15 to accelerate and advance The Declaration of the Global Plastics Associations for Solutions on Marine Litter, also known as the “Joint Declaration.” At the meeting – hosted by the Malaysian Plastic Manufacturers […]
The market is reporting incredibly high air cargo rates as demand overtakes available supply out of Europe, leading to chronic space constraints on aircraft and causing congestion and delays at air cargo hubs struggling to handle the record volume. Shippers trying to shift products to market before the holidays are being further frustrated by waves […]
Rising prices and a critical shortfall of air cargo space could threaten vehicle production, according to emergency logistics specialist, Evolution Time Critical (ETC). Problems in booking airfreight, particularly hit Europe to North American routes, along with issues on the Asia to North America and Europe trade lanes, all point to “a fractious period” for the […]
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity. Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an order for nine massive vessels in September, after a year of tepid sales for new ships. Within days, Gianluigi Aponte’s Mediterranean Shipping […]
The two major Mexican railroads have a stronger shot at convincing shippers to convert more of their cargo from roads and highways to the tracks, as one carrier increases its double-stacking capabilities and higher trucking rates make both of their intermodal services more competitive. (This article requires a subscription to the Journal of Commerce. To […]
The rise of e-commerce is rapidly changing the logistics industry, but is continuing to provide challenges that must be overcome. In the first session of the Air & Sea Cargo Americas conference on 1 November titled ‘Trade trends in the Americas’, SeaLand chief executive officer (CEO), Craig Mygatt; Estafeta international business manager, Diana Najera; UPS […]
Snowballing cross-border e-commerce and high levels of emergency shipments are driving up demand for air cargo, but some shippers’ intensifying need for speed to market is being threatened by limited capacity on planes in peak periods and at airport hubs. The industry’s busiest time of the year begins now, and shippers are scrambling for space […]
Mexico is proposing to limit access to government contracts for U.S. firms in a sign that America’s NAFTA partners are willing to strike back against what they see as the hardline proposals by the Trump administration. Mexican negotiators are seeking to cap the value of procurement-tenders awarded to American companies to the same amount that […]
On a sunny afternoon in early November, several dozen software engineers and designers are anxiously preparing for a test flight of the EHang 184, a compact metal and glass pod outfitted with eight propellers. The self-steering, single-passenger craft could begin buzzing through the skies of Dubai as early as next year.
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