Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
The total cost of ground transportation for Canadian shippers decreased by 3.4 percent in November when compared with October results, according to results published by the Canadian General Freight Index.
Two themes that have featured heavily in the air logistics media recently are the lack of growth in airfreight demand, and the shift of what volume remains from freighters to the bellies of the current generation of widebody passenger aircraft.
Nexteer Automotive, a multibillion-dollar global manufacturer of advanced steering and driveline products, has expanded its ability to meet China's trade regulations with Amber Road's China Trade Management solution.
Amazon.com's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.
Following up on last fall's successful campaign to include a port performance statistics program in the federal long-term surface transportation bill, the National Retail Federation now leads a coalition of more than 100 groups in sending specific recommendations to the Department of Transportation.