Strong trade growth, moderating fleet development and deployment of new fuel-efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
Japanese freight carrier Kintetsu World Express Inc. is buying Singapore's APL Logistics for $1.2bn, paying a higher than anticipated price for an overseas deal at a time of slow domestic growth.
Spot market freight volume declined seasonally in January, down 11 percent from an atypical December high, according to the DAT North American Freight Index, an indicator of truckload freight demand and capacity. Volume slipped 27 percent compared to January 2014. It was the first year-over-year decline on the Index in 19 months.
Challenge: One of the world's largest steel manufacturers seeks to improve the efficiency of its logistics function. The manufacturer faces two key challenges: 1.) An overall lack of efficiency of all outbound freight flows to worldwide destinations. 2.) A manual, resource-heavy process for managing all shipments, associated costs and billing activity from end to end.
Challenge: In an effort to better communicate with external partners and suppliers, a national gas and convenience store chain was looking to improve order management, invoicing and overall visibility into the supply chain.
Challenge: A retailer and transporter of food goods was faced with a time-consuming integration cycle that was eating into the company’s bottom line. Their resource-constrained IT department was looking for an automated solution to simplify and accelerate its trading partner integration as well as efficiently manage complex data capture and transfer.
The latest news, analysis, services and systems regarding logistics outsourcing and its impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before using third party logistics providers (3PLs). New technologies that provide information during shipments are transforming the way companies work with these providers - and allowing them to stay ahead of the competition in their industries. As 3PL services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics outsourcing solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.