Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.
Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk handling terminal OBOT wants to build.
The industrial real estate services and investment management firm said it anticipates low interest rates, healthy consumer spending and strong e-commerce will boost industrial and logistics real estate growth in 2017.
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Shipment volumes in August 2016 were relatively flat from the previous month, but expenditures slid 3.3 percent, while both were well below 2015 levels, according to the latest Cass Freight Index Report.
Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
A new component of the Customs-Trade Partnership Against Terrorism gives eligible ocean carriers the ability to start unloading without having to wait for U.S. Customs officers to clear the vessel.