Import cargo volume at the nation's major retail container ports is expected to be mostly down through the summer but should see a significant uptick just before the winter holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
CaroTrans, a global non-vessel operating common carrier, is launching a new, weekly less-than-containerload (LCL) service between Busan, Korea and Atlanta.
The digital economy is putting pressure on traditional supply chain models to conform to the "now" generation. To avoid disruption, companies must give customers what they want, when they want it and how they want it.
Although a new study by Google and Singapore's sovereign wealth fund Temasek projects the Southeast Asian e-commerce market to reach $200bn by 2025, the region's air cargo capabilities remain underdeveloped, according to Cainiao, the logistics unit of Chinese e-commerce giant Alibaba.
Shipping companies transporting coal, iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business.