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Global Logistics: Page 149

CaroTrans Expands China-U.S. LCL Import Network
CaroTrans, a non-vessel operating common carrier and ocean freight consolidator, has launched 11 new, direct less-than-containerload (LCL) import services between China and the U.S.
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Sedex Launches Platform for Ethical, Sustainable Sourcing
Sedex, a provider of services to aid buyers and suppliers in fashioning responsible and ethical supply chains, has launched Sedex Advance, a new sourcing platform.
Most Costs to Operate Ocean Vessels Expected to Rise Through 2016, Consultancy Say
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
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Modest Profit Growth Predicted for European Road Freight Market
The European road freight market grew by 2.9 percent in 2014, but markets there have distinctly different dynamics in both supply and demand, which means no single, cohesive European road freight market exists.
European Demand for Liquefied Natural Gas Won't Pump Up Shipping Freight Rates, Study Says
LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.
Natural Gas 2
Conversion of Passenger Aircraft to Cargo Carriers Continues Apace
U.S.-based lessor and asset manager Aviation Capital Group placed a firm order for fifteen 737-800 passenger-to-freighter conversions with Aeronautical Engineers Inc (AEI), with options for fifteen additional conversions. The announcement was made at the Cargo Facts Aircraft Symposium in Miami.
The Reverse Supply Chain Comes Home
There's more to reshoring than simply moving a factory from Asia back to the U.S.
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Air Cargo Supply Chain Said Out of Step with Needed Technology
IATA's global head of cargo, Glyn Hughes, said the logistics business is not keeping up with technology - a sentiment that's been expressed before, but one he said cannot be emphasized enough. Hughes also called for more communication across the airfreight supply chain.
Odyssey Logistics Debuts Service for Metals Industry
Odyssey Logistics & Technology Corp. has launched an international logistics service for the metals industry.
Ocean Shipping Overcapacity Continues, Confidence in Airfreight Market Still on Decline
The Stifel Logistics Confidence Index fell into a fifth consecutive month of decline in October. Significantly, the index has now fallen beneath the neutral 50 point mark for the first time since January 2013, with confidence in both the sea freight and airfreight markets plummeting. The Logistics Situation for airfreight was especially bad, declining by 3.2 points to 45.7. The same trends that influenced last month's decline are persisting, with weak emerging market growth, China's financial crisis, and the Chinese shift towards domestic consumption all influencing the trajectory of the index.
Old Dominion Freight Line Teams With Mallory Alexander
Old Dominion Freight Line Inc. has entered into a strategic alliance with Mallory Alexander International Logistics LLC for ocean freight-forwarding services.
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Given Global Overcapacity, Chinese Province Orders Huge Cutback in Ship Building
Severe shipyard overcapacity in China has prompted the National Development and Report Commission's Jiangsu province to cancel work on 23 projects. The projects included construction of new docks, offshore vessels, facility conversion projects and additional expansions.
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