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Global Logistics: Page 104
Asia-Pacific Airlines See Cargo Rebound in Late 2016
Preliminary airfreight figures for 2016 from the Association of Asia Pacific Airlines (AAPA) reaffirmed continued strength in the second half of the year, after a weak start.
ZIM to Provide Logistics Services in India
ZIM Integrated Shipping Services and Avvashya-CCI, a subsidiary of Allcargo Logistics Limited, India, have signed a cooperation agreement aimed at providing customers with comprehensive logistics services in India, according to the companies.
UPS Acquires U.K. Truck Brokerage Firm Freightex
UPS says it has acquired British firm Freightex to gain entry into the European truck brokerage market - coming eight months after FedEx closed its acquisition of Netherlands-based TNT Express.
Airfreight Prices Fell in December, Despite Strong 2016 Closeout
Despite a strong finish of 2016 at airports, and reports of high volumes through December, airfreight rates fell $0.21, year-over-year, to $3.14 per kilogram in the month, according to Drewry's latest East West Airfreight Price Index report.
Economists: Making Products in the U.S. Won't Be Cheaper
President Trump met with business leaders last week to present a plan for keeping jobs in the United States. He offered a carrot - a dramatic cut in taxes and regulations - as well as a stick - a substantial tax on companies that decide to send their factories offshore.
More Piracy Near Philippines Forces Ships To Change Routes
A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, increasing costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations, according to Reuters.
Hyperloop Cargo Transit Could Be Coming Soon To European Cities
A U.S. startup pursuing Elon Musk's vision for near-supersonic rail transport announced an agreement on a feasibility study for a hyperloop system connecting two European cities.
Container Shipping Market Uncertain For 2017, Analysts Say
Although rates have risen from the historic lows of early 2016, uncertainty for the global container shipping market in 2017 will be uncertain, according to Xeneta, a company that provides market intelligence platform for containerized ocean freight.
Drewry: Yang Ming Is Most 'Debt-Burdened' Container Line
Drewry Financial Research said last week that after the collapse of Hanjin Shipping last fall, Taiwanese carrier Yang Ming has taken pole position as the most debt-burdened container line in the industry.
DHL Launches Virtual Freight Marketplace CILLOX
DHL has announced the market launch of CILLOX, the online platform that matches full truck load (FTL) and less-than-truckload (LTL) shipments with available transportation providers.
Airbus To Develop 'Flying Car' To Carry Cargo
European aerospace giant Airbus has unveiled plans to develop a "flying car" to function as an aerial taxi and carry cargo.
Maritime Analysts: Less Pain, Not Much Gain For Dry Bulk
The dry bulk market's strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery.
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