The U.S. airfreight market generated revenues of $28bn in 2011, a 7.4 percent, year-over-year, increase. Although a seemingly positive development, this figure is on par with the revenues the industry recorded in the 2000-2001 financial year. Such statistics show that the U.S. - despite the domination of integrators FedEx and UPS - isn't immune to the sluggishness affecting the global airfreight market, a new study conducted by Air Cargo Management Group asserted.
The cost of ground transportation for Canadian shippers decreased by 0.5 percent in July when compared with June results, according to the Canadian General Freight Index.
There was a sharp decline in container carrier on-time performance in August, according to liner performance data released by SeaIntel Maritime Analysis.
C.H. Robinson Worldwide has agreed to purchase freight-forwarding rival Phoenix International Inc. for $635m in cash and stock options. C.H. Robinson expects the deal, which is slated to close in the fourth quarter of 2012, will modestly add to earnings per share in the first year, while boosting C.H. Robinson's international freight forwarding activities.
Kewill has developed version 5.0 of its Kewill Trade software, which manages the direct dispatch of goods from supplier to customer or store, for multichannel, catalogue and internet retailers.
India is changing, growing and shifting its weight in anticipation of greater maritime independence as a result of much-needed port and terminal development.
Challenge: A major computer manufacturer moves fully-loaded server racks, data storage and accessories into data centers. Even cosmetic damage to cartons is reason to refuse delivery. Therefore, the customer was paying $1 million annually in extra cargo liability coverage. They required a logistics supplier that could provide extra attention to their high-value, delicate commodities.