Container service reliability across all trades fell marginally in the third quarter with the percentage of on-time ship arrivals dropping to 73.5 percent, down from the record high of 75.7 percent set in the second quarter, according to Drewry's quarterly report Carrier Performance Insight.
After rising by 20 percent in two years, road freight rates on key international routes in Western Europe have fallen steadily for the past five months.
Canadian National Railway Co. (CNR) and Canadian Pacific Railway Ltd. (CP), the country's No. 1 and 2 carriers, are rushing to build terminals to load oil beyond the reach of pipelines in some of North America's remotest regions.
In terms of logistics, Africa is one of the most exciting investment opportunities anywhere in the world, according to Sub-Saharan Logistics 2012, a report from Transport Intelligence, or Ti. Its untapped natural resources are vast, and foreign direct investment has poured in as Africans' purchasing power grows.
Domestic container volume recorded double-digit growth for the fourth quarter in a row, according to the Intermodal Association of North America's just-released Intermodal Market Trends + Statistics report.
Vendormate, creator of a vendor-information network that brings together healthcare providers and suppliers, has developed a new online resource called Medzo.
The economic effects of Hurricane Sandy are reverberating beyond areas hit by the storm as businesses warn customers of delays, try to get merchandise out of closed ports and face canceled orders.
European industrial real estate values have declined 21.9 percent from the pre-crisis peak in 2007, and have subsequently only recovered by 1.3 percent on average. Current values are attractive relative to replacement costs and the pattern of value recovery in the U.S. following the global financial crisis.
North America Classes 5-8 commercial vehicle preliminary net orders for October rose to levels of "best since" comparisons. The final numbers, which will be released mid-November, will approach 23,200 units for heavy duty Class 8 trucks and 18,500 for medium duty Classes 5-7 vehicles. The preliminary net order numbers are typically accurate to within 5 percent of actual.
China is evolving from an export-driven manufacturing economy to a more balanced consumer-driven developed economy, and its logistics landscape is under pressure to adapt, according to new research by Jones Lang LaSalle. China's evolution has driven three key trends: the rise of the domestic middle class, rising wages and diminished cost advantages in manufacturing, as well as the rapid development of domestic infrastructure. And these trends are creating long-term opportunities for U.S. companies.