A surge in airfreight demand on the Europe-Asia trade has seen IAG Cargo suggest that a capacity crunch in ocean shipping is forcing shippers and forwarders to switch transport modes. IAG Cargo said that it had seen a boom in demand on key routes from Europe into Asia over the first two months of the […]
Singapore remains the world’s most expensive city to live in, a study showed on Tuesday, with two Japanese cities — Tokyo and Osaka — returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria.
Miami, Florida will be the venue for the TIACA 2020 Air Cargo Forum (ACF), along with Multimodal Americas and Supply Chain Americas. The biennial event brings together supply chain decision makers from across the globe for three days to network and learn from industry experts.
Major container ports in the United States handled an “unusually high” 1.67 million TEUs in January 2017, up 12.5 percent from the previous year, according to the Global Port Tracker report by the National Retail Federation and Hackett Associates.
The global market rally is facing a familiar nemesis: feeble oil prices. In the latest blow, Saudi Arabia announced Tuesday that it raised output back above 10 million barrels a day in February — reversing about a third of the cuts made the previous month — sending crude to the lowest level since late November. […]
U.S. Commerce Secretary Wilbur Ross said on Friday that he hopes to launch formal talks to renegotiate the North American Free Trade Agreement with Canada and Mexico in a little over three months, setting in motion a campaign promise made by President Donald Trump.
The global economy may not be strong enough to withstand risks from increased trade barriers, overblown stock markets or potential currency volatility, according to the Organisation for Economic Cooperation and Development. While forecasting a pickup in growth this year and next, it said the pace is still too slow and warned there’s much that could […]
The US Federal Maritime Commission (FMC) has voted to amend its rules involving Service Contracts and NVOCC Service Arrangements (NSAs) in order to ease regulatory burdens and make the agency’s rules more consistent with how the ocean shipping business is now practiced.
A bipartisan bill titled Energizing American Maritime Act was introduced last week to the US Congress requiring up to 30 percent of US liquefied natural gas (LNG) exports to be carried on US-flagged ships.
In a move that could have profound implications for supply chain efficiency and visibility, IBM and Maersk have used a blockchain to manage cargo documentation for ocean freight shipments. The two companies have announced a “new collaboration to use blockchain technology to help transform the global, cross-border supply chain”. Using IBM’s open source Hyperledger, the […]
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