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Damper Seen Over Dry Bulk Freight Market for First Half of 2016
The latest Dry Bulk Freight Forecaster from Maritime Strategies International reports a deterioration of the consultancy's cautiously optimistic view for improvement in the dry bulk market in the next six months.
Spot Rates Fall as Price of Diesel Dips Below $2
With the national average diesel price falling below $2 per gallon, truckload rates on the spot market continued on a downward trend. Freight brokers usually quote a one-time price that includes both a line-haul portion and the fuel surcharge; declining fuel prices influence spot market rates significantly.
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Cargo Not Specifically Addressed in Agreement to Resume U.S.-Cuba Flights
For the first time in more than 50 years, the skies over Cuba are opening up to scheduled service from the United States. The two countries signed a deal, officially allowing flights between their borders.
On-Time Performance of Container Vessel Industry Gets Off to Slow Start in 2016
Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
Fifth of Large Food Manufacturers Surveyed Know Little or Nothing About Their Suppliers
Food manufacturers across the globe have admitted failing to put in place basic safeguards to protect vulnerable workers in their supply chains - almost one year on from laws to stop slavery, child labor and unethical working practices.
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Last Year's Sales of Lift Trucks in North America Best Since 2006
The lift truck market in North America is at an all-time record high in the material handling industry. Total retail orders in all classes, excluding exports, totaled 225,534 units in 2015. It is the first year lift truck sales are higher than the industry's pre-recession level of 215,000 units in 2006.
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Top European Airfreight Carriers Start 2016 Off Well, But Caution Urged
The big three Western European air carriers have all reported their January cargo results, and all three show improving performance.
Ocean Shipping Industry's Fortunes Rise - and Fall - on Business With China
Shipbuilders, container lines and port operators feasted on China's rise and the global resources boom. Now they're among the biggest victims of the country's slowdown and the worldwide decline in demand for oil rigs and other gear amid the oil price plunge.
Logistics Challenges Never Greater – Tools to Manage Costs Never Better
For many major B2B enterprises, logistics networks have never been more complex. The increasing prevalence of operations that are global - with growing numbers of production sites and clients that could be anywhere on earth - has introduced challenges that didn't exist to the same degree at an earlier time. The good news is that there has also never before been a moment when there were more tools and more opportunities to optimize logistics costs than now.
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Google Patent Envisions Driverless Vehicle Bringing Packages to Your Door
In a patent filed Feb. 9, Google forecasts potential interest in using autonomous, self-driving vehicles to deliver packages, a concept Amazon and Google have both been exploring with the use of drones.
IATA Partners With Harris Corp. on Information-Exchange Tool
The International Air Transport Association (IATA) and Harris Corp. have jointly developed a new collaboration tool.
Time for Corporates to Wake Up to Realities of Human Slavery
It is the human rights abuse that everybody likes to maintain is not happening. But within corporate supply chains across the developing world – from the cocoa-growing lands of the Ivory Coast to the seafood sector of Thailand – human trafficking and modern day slavery is still commonplace, with people being made to work and live in appalling conditions with little or no pay.
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