CEOs of third-party logistics services providers are confident about the current state and future revenue growth potential of both their companies and the regional 3PL industries.

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry's Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates.

The U.K. arm of Air Menzies International Ltd. (AMI), a trade-only wholesaler of airfreight and express capacity, has launched an online Quote&Book portal.

Maker's Row, provider of a service that enables brands to locate manufacturers for the creation of products in the U.S., has launched a "Made in America" online store.

The Nicaragua Canal project has been dealt another setback amid reports that construction will not begin until the first quarter of 2016 due to environmental mitigation measures.

The GEFCO Group, a global player in logistics for manufacturers and in European automotive logistics, has signed an agreement with the private equity fund Nimbus to acquire the Dutch company IJS Global, which specializes in air and sea freight operations.

The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest.

CEVA Logistics has launched Orion Mobility, part of the Orion TMS (transportation-management system), for the ground-transport market in Brazil.