Container shipping is fast becoming a carriers’ market and with the extra pricing power gained by industry consolidation and the better supply-demand fundamentals, there is little likelihood of carriers returning to the profitability-destroying rate wars of early 2016
The Long Beach Board of Harbor Commissioners has approved a US$748 million budget for the Port of Long Beach in the next fiscal year, with more than 60 percent set aside to continue its modernization program.
The two nations reached an agreement on Tuesday regarding Mexican sugar exported to the United States. The agreement was seen as a test for both sides before they sit down for much bigger talks on NAFTA, the free trade deal between the U.S., Mexico and Canada. Those talks could begin in August.
The development of the Hyperloop transportation concept is a game changing breakthrough in transportation that combines already proven concepts such as magnetic levitation, linear electric motors and tunnels. Such technology also provides the basis for future related transportation technology that would occupy unique new niches in the transportation market. That technology could include future freight […]
The retail industry’s international expansion slowed a bit in 2016 from its strong pace of a year earlier as retailers adjusted to e-commerce and shifting exchange rates, according to CBRE Group Inc.’s 10th annual study of international retail expansion.
China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders Boeing Co. and Airbus SE. State plane makers Commercial Aircraft Corp of China Ltd (COMAC) [CMAFC.UL] and Russia’s United Aircraft Corp (UAC) said at a […]
China’s commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China’s Ministry of Commerce on Monday. The two met on Sunday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum.
Canada’s housing market offers a case study in a contentious economic issue: If a central bank sees a bubble forming, should it act to deflate it? In this instance, the answer should be a resounding yes.
The air cargo pharmaceuticals sector continues to grow strongly at double-digit rates while the global pharma industry is also expanding strongly. Industry players are meeting demand by investing heavily and putting plenty of resources, whether that be through gaining International Air Transport Association’s (IATA) CEIV Pharma certification, building specialist pharma facilities, or cool dollies to […]
Last autumn in two unrelated speeches at JOC conferences barely a month apart, senior executives from Hapag-Lloyd and Maersk Line took aim at the continuing problem of no-show containers, which can exceed 40 percent of a voyage’s booked cargo in extreme cases but can often account for 25 percent. “For every four bookings we get, […]
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