ARI Fleet Management manages 1.2 million things with wheels across North America and Europe, from telephone company trucks to corporate vehicles to railroad maintenance trucks.
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to combat pollution and poor quality, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
Making it mandatory for airlines and freight forwarders to file advanced information about cargo loaded onto aircraft bound for the United States seemed like a foregone conclusion several years ago, but U.S. Customs late last month announced plans to extend a pilot program testing the concept for another year.
Seaboard Marine has launched a new weekly service from New Orleans, connecting U.S. exporters to Colombia, Panama and Costa Rica, in addition to Honduras, Guatemala, El Salvador and Nicaragua.
Between 2014 and 2015, China's cross-border e-commerce market nearly doubled, from $30.07bn to $57.13bn, with estimates from eMarketer predicting the market will pass the $85bn mark in 2016. This has undoubtedly bolstered demand for air cargo services between China and its trading partners.
Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially medium range (MR) vessels, will decline due to the impact of falling clean petroleum products (CPP) freight rates, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.