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| Container volume forecast to be up in April, despite sequestration concerns |
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Tuesday, April 09, 2013
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With U.S. Customs officials saying they hope to minimize the impact of federal spending cuts on cargo processing, import volume at the nation’s major retail container ports is expected to increase 2.7 percent in April over the same month last year, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. “The impact of sequestration isn’t yet fully known, but Customs officials are working hard to manage their r...
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| WLS: Capacity on major trades recedes 3% in 1Q |
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Tuesday, April 02, 2013
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Capacity on the two major global headhaul lanes fell around 3 percent in the first quarter of 2013, according to the latest World Liner Supply Report from the BlueWater Reporting service. Eastbound transpacific allocated capacity to the west coast of North America declined 4.1 percent in the first quarter, while all-water capacity to the east coast stayed virtually the same. Total eastbound capacity fell just less than 3 percent. Meanwhile, westbound Asia-Europe ca...
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| Analyst: Truck sales to ramp up in 2014 |
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Thursday, March 28, 2013
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The current old fleet of vehicles mixed with the introduction of higher-efficiency vehicles will propel truck sales in the next few years. According to a BB&T Capital Markets Analysis, production will grow from a high end of 263,000 in 2013 to more than 300,000 units in 2014. Truck production for 2012 stood at 278,000 vehicles. A broadening consumer base will also help truck sales; medium- and smaller-sized carriers will start to look at the market. BB&T Ca...
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| Emissions, an increasing factor in carrier procurement decisions |
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Tuesday, March 26, 2013
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The Clean Cargo Working Group, a coalition of major retailers, liner carriers, and logistics services providers, released a report Tuesday suggesting the vast majority of shipper members consider emissions data when making ocean procurement decisions. The report found that 78 percent of shippers in the group use carrier emissions data scorecards in their procurement-decision making process, while 56 percent of the shippers use emissions data from carriers in their sust...
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| Sharp rise in Asia-to-Europe box rates, softness in U.S. |
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Monday, March 18, 2013
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The Shanghai Container Freight Index (SCFI) for exports from China jumped sharply last week. The overall SCFI rose 13.1 percent to 1,231.31, while the index for cargo moving to Europe was up a whopping 42.4 percent to 1,423 and to the Mediterranean, 42.3 percent to 1,366. ACM/GFI’s Container weekly newsletter said the increase “reflected an increase in spot freight rates of $424/TEU" last Friday, "following recent announcements that carriers had inten...
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| Miami, Chicago top airports for investment |
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Friday, March 15, 2013
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Miami, Chicago and Memphis are home to airports offering the best investment and leasing potential, according to Jones Lang LaSalle’s U.S. Airport Real Estate Index. Chicago and Miami, in particular, are rated well due to their status as international passenger gateways, and Memphis finished third on the list due to FedEx’s hub presence at the airport. The index also focused on facilities that have efficient perishable operations, because these goods offer...
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| Cass: Freight shipments up in February |
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Thursday, March 07, 2013
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Freight shipments rose by 0.5 percent, year over year, and increased by 5.6 percent when compared to January, according to the Cass Freight Index. January’s numbers showed a 4.8 percent, month-to-month drop. Expenditures fell by 1 percent when compared to February 2012, but rose by 1.8 percent from January. These increases reversed a downward spiral that had spanned four months, but that doesn’t mean volatility is over for any of the modes. The report ...
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| U.S. truck orders up in January |
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Thursday, February 07, 2013
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According to ACT Research, January truck orders reached 22,600 units, making last month the fourth consecutive month where net tractor orders in the United States topped 20,000. January’s number showed growth when compared to December, but fell 25.4 percent, year over year. Trailer orders have grown faster than truck orders since September. Even with these somewhat positive numbers, analysts at BB&T Capital Markets predict production rates will be dow...
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| Ti: Asia Pacific logistics landscape transforming |
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Wednesday, February 06, 2013
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The Asia Pacific region’s logistics industry continues to develop at a fast rate despite the economic weakness of its two largest trade partners, Europe and the United States, according to a report by the U.K.-based consultancy Transport Intelligence (Ti). The report, Asia Pacific Transport & Logistics 2013 , suggests that shifting trade lanes, the growth of the ASEAN community and intra-regional trade have prompted a transformation of the region’s logistics market and sign...
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| Texas A&M: Congestion costs truckers $27 billion |
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Tuesday, February 05, 2013
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In its recently released 2012 Urban Mobility Report , researchers at the Texas A&M Transportation Institute found traffic congestion cost truck drivers $27 billion in 2011. The total cost of congestion for all transport totaled $121 billion, a $1 billion rise over the previous year. The small increase from 2010 belies a more alarming trend. In 2000, traffic congestion cost $94 billion, and 31 years ago, the total only reached $24 billion. Researchers predict that the total c...
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| Maersk meets internal 2020 emissions goals |
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Friday, January 25, 2013
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Maersk Line, the world’s largest container shipping company, said Friday it has reached its internal 2020 target of reducing CO 2 emissions by 25 percent from its benchmark 2007 levels. “We are proud to hit this mark eight years ahead of schedule,” said Morten Engelstoft, chief operating officer for Maersk Line. “It is confirmation we’re on the right track. And to keep that momentum we’re raising the target to a 40 percent reduction in CO 2 by 2020. “Maersk Li...
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| Study assesses parcel shippers' vulnerability to price increases |
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Wednesday, January 23, 2013
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A new study by the global supply chain information and technology company Data2Logistics assesses the shippers’ exposure, impact, and options to mitigate avoidable supply chain transportation costs by determining what portion of their parcel expenditure is exposed to pricing increases. Data2Logistics’ professional services group data-mined shippers’ historic supply chain flows to determine service efficiencies and associated cost savings, in light of this years’ air and ground ...
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| Drewry reports spike in eastbound transpacific rates |
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Thursday, January 17, 2013
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Drewry said its Hong Kong-to-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14 percent to $2,524 per 40-foot container this week. The London-based firm said the $311 per 40-foot box increase in the benchmark rate shows that members of the Transpacific Stabilization Agreement achieved around 50 percent of their $600 target for a peak season surcharge. “Cargo demand and carrie...
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| Engineers: U.S. infrastructure investment needed |
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Wednesday, January 16, 2013
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In the next seven years, infrastructure in the United States will require investment totaling $2.75 trillion, and with planned expenditures of only $1.66 trillion, the country needs to increase its support to ensure no transportation shortfalls, according to the American Society of Civil Engineers. While instituting sustainable practices will help, the bulk of the problem can only be alleviated with increased investment, the engineers said. In its lat...
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| BlueWater Reporting: Liner capacity squeezed in 4Q 2012 |
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Wednesday, January 16, 2013
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Despite the sustained introduction of larger vessels, carriers have been managing to reduce the direct capacity of liner services available to shippers during the period between Oct. 1, 2012, and Jan. 1, 2013, according to the latest BlueWater Reporting World Liner Supply Report which can be downloaded here . Cuts in the larger trades from Asia to Europe and to North America have been the most severe, while capacity from Asia and North America to both the east and west coasts o...
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| Drewry forecasting higher freight rates |
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Thursday, January 10, 2013
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Drewry Shipping Consultants is predicting that this year contract rates negotiated with shippers on the key East-West trade lanes will be higher when compared to the low levels of 2012. Referencing its latest quarter Container Forecaster report, London-based Drewry forecasts global container demand to increase by 4.6 percent this year , but says "Considerably faster capacity growth at the trade route level will severely challenge carriers and even the ability of the fast g...
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| Diesel to average $3.87 in 2013 |
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Thursday, January 10, 2013
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The average price of diesel will fall to $3.87 per gallon this year, a price drop of 10 cents compared to the average cost of diesel fuel in 2012, according to the U.S. Energy Information Administration. In its Short-Term Energy Outlook, the agency also predicted an average price of $3.78 per gallon in 2014. Diesel prices should be at their highest point in the early part of the year, with the EIA predicting prices of $3.93 per gallon in the first quarter. Tha...
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| Liner reliability dips slightly in November |
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Thursday, January 10, 2013
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Global liner schedule reliability declined from 84 percent in October to 82 percent in November, according to figures released this week by the maritime analyst SeaIntel. However, despite a downturn in vessel on-time arrival percentage, the actual delivery time of containers improved from October to November, SeaIntel said. Based on analysis of 1 million daily container status messages from SeaIntel's partner INTTRA, 68 percent of all containers were delivered on ti...
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| Human error main cause of ship accidents |
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Tuesday, January 08, 2013
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The insurance company Allianz said 106 ships were lost worldwide in the 12-month period ending Nov. 25 2012, up from 91 ships the previous year but a 27 percent decrease on the 10-year average of 146 ships per annum. Releasing its annual Safety and Shipping Review marine insurer Allianz Global Corporate & Specialty (AGCS) said despite a downward trend in losses "driven by technology, training and regulation and a proactive response from the shipping i...
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| Alphaliner: Transpacific lane absorbed most capacity in 2012 |
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Tuesday, January 08, 2013
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The information service Alphaliner said global cellular containership fleet capacity was 16.34 million TEUs on Jan. 1, a 6 percent increase over the previous year. According to Alphaliner's latest weekly newsletter , the increase reflects the delivery of 207 ships in 2012 with capacity of 1.26 million TEUs, partially offset by scrapping and other deletions of 200 ships with capacity of 350,550 TEUs. Where did the new capacity go? While capacity is a...
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| 'Disruptive innovations' cloud IT security |
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Friday, January 04, 2013
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A new report from the Security for Business Innovation Council has highlighted the growing threats to critical information from what it dubbed “disruptive innovations” like cloud computing, social media technologies, enterprise mobility and big data analytics. The report “ Information Security Shake-Up: Disruptive Innovations to Test Security's Mettle in 2013 ," drew from opinions of the security chiefs at 19 major multinational firms on how to tackle the security concerns ...
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| Airlines poised for 2013 growth |
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Thursday, January 03, 2013
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After a positive 2012, U.S. airlines have room to grow and are well positioned for a strong 2013, according to an analysis by Dahlman Rose & Co. This growth, however, will come mainly on the passenger side, with little or no benefit from cargo. The investment firm Dahlman Rose & Co points to a number of factors fueling growth for these airlines. Improving balance sheets, traffic in the second half of December that exceeded expectations, and curr...
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| ITC to update U.S. import restraints report |
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Monday, December 31, 2012
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The U.S. International Trade Commission has begun to update its report on the effects of significant U.S. import restraints. The report will also examine the contribution of services to U.S. manufacturing, the non-partisan, fact-finding agency said. The report, The Economic Effects of Significant U.S. Import Restraints: Eighth Update Special Topic: Services' Contribution to Manufacturing , was requested by the Office of the U.S. Trade Representative on Nov. 2....
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| Forward transpacific container rates at mid-2012 levels |
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Friday, December 28, 2012
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Container derivative prices on the transpacific have largely rebounded to mid-2012 levels, according to information from London-based ICAP Shipping. The forward curve on the Asia-U.S. West Coast lane was at around $2,500 per FEU in January, according to ICAP’s container forward prices released Friday. That compares to $2,550 per FEU on the same lane in July. From Asia to the U.S. East Coast, it’s a similar picture. The forward price in January is $3,700 per FEU, com...
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| Bad packing, misdeclared cargoes harm container carriers |
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Thursday, December 27, 2012
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An analysis of cargo and container "incidents," such as leakages, explosions, fires, and stuctural failures of flexitanks or valves, finds more than two-thirds involved dangerous goods, half including leakages and 21 percent misdeclared, said the insurer TT Club . The company recently undertook an analysis of data collected through the Cargo Incident Notification System (CINS) of the Container Owners’ Association, a group whose members account for 52 percent of c...
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| TP Pulse: Tangible concern over ILA strike |
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Wednesday, December 19, 2012
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Ninety-four percent of transpacific shippers surveyed by American Shipper last week said they are concerned about a potential strike at U.S. East and Gulf coast ports at the end of 2012. American Shipper’s bi-monthly Transpacific Pulse survey found that nearly 68 percent of shipper respondents were very concerned about a strike, and 26 percent were moderately concerned. Only 6 percent were not concerned at all. The survey measured opinion from 65 shippers and eight...
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| Trucking tonnage increases in November |
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Wednesday, December 19, 2012
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In the first positive growth since July, the American Trucking Association recorded a 3.7-percent increase in its seasonally-adjusted For-Hire Truck Tonnage Index in November, erasing the -3.7-percent result from October. Compared to November 2011, the tonnage index rose by 1 percent, beating a 2.1-percent year-over-year decline in October. Without the seasonal adjustment, November's tonnage result came in at 6.5-percent lower than October's result. Hurricane Sandy...
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| BlueWater Reporting launches new liner shipping analytics Website |
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Friday, December 14, 2012
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BlueWater Reporting has announced today the launch of a new Website, www.BlueWaterReporting.com . The new service combines business intelligence tools for analyzing liner shipping on a global basis with news content from media partner American Shipper . BlueWaterReporting.com combines 17 new analytical applications on the BlueWater Reporting business intelligence platform with seven reports from the www.ComPairData.com Website, which it replaces. Details on a...
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| ITF: Global trade stagnating |
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Friday, December 14, 2012
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Global trade stagnated below pre-economic crisis levels through August, according to the International Transport Forum’s December Global Trade and Transport Statistics Brief , released Friday. The briefing indicated total ocean trade remained lower than pre-crisis levels in the European Union and United States (at -2 percent and -10 percent, respectively), according to the ITF’s seasonally adjusted preliminary estimates of goods carried through August 2012. “Export...
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| December container imports to increase 3.9% |
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Wednesday, December 12, 2012
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Import cargo volume at the nation’s major retail container ports is expected to increase 3.9 percent in December despite a strike that closed the nation’s largest port complex for the first few days of the month, according to the monthly Global Port Tracker report released Monday by the National Retail Federation and Hackett Associates. The NRF said retailers are keeping a close watch on a possible strike on the East and Gulf coasts. “After a strong kickoff on Black...
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| Air cargo to grow 3% annually, IATA says |
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Friday, December 07, 2012
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The worldwide cargo market will grow 3 percent annually between 2013 and 2016, topping off at a global volume of 34.5 million tons, according to a report by the International Air Transport Association. Last year, global cargo volumes finished at 29.6 million tons. Sri Lanka, Vietnam, Brazil, India and Egypt are predicted to be the fastest-growing cargo markets. Asia-Pacific air cargo will account for 30 percent of the total cargo increase. By 2016, ...
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| Drewry cautions on short-term freight contacts |
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Friday, November 30, 2012
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A briefing published by Drewry Supply Chain Advisors this month is cautioning logistics managers about buying short-term freight contracts next year as a way of saving money. "As global container supply keeps increasing fast and box traffic slows down (or goes into decline), these logistics managers believe that the supply-demand balance and rates could well be weaker in six months’ time than they are now," Drewry notes. But the London-based firm noted that "despite...
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| U.S. major exporter of remanufactured goods, ITC says |
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Thursday, November 29, 2012
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The United States is the world's largest producer, consumer, and exporter of remanufactured goods, according to a new report by the U.S. International Trade Commission. Remanufacturing, which is the process of restoring end-of-life goods to original working condition, is an increasing activity in many industrial sectors and supports at least 180,000 jobs throughout the United States, the ITC report said. The ITC’s report, based on survey data, covers...
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| DHL releases global 'connectedness' index |
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Thursday, November 29, 2012
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The world today is less globally connected than it was five years ago, according to the second edition of DHL’s Global Connectedness Index. While international trade, population, capital and the exchange of information — key measurements of global connectedness — experienced sharp growth from 2005 to 2007, these measures have dropped off due to the financial crisis. Connectedness has been getting stronger recently, but still hasn’t reached the pre-recession peak. “...
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| Amazon supply chain more admired than Apple |
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Wednesday, November 28, 2012
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Amazon is more admired than Apple for its supply chain excellence, according to research published Wednesday by SCM World, a global community of supply chain practitioners. In a poll of 1,136 executives, 58 percent said they admired Amazon most overall for the way it operates its supply chain, compared with 37 percent who picked Apple. The remaining 5 percent said neither. The Seattle-based retailer also came out on top in three of the four supply chain attributes ...
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| Liner reliability continues to rise |
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Monday, November 26, 2012
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Global liner reliability reached a record high in October, according to measurements by the maritime analyst SeaIntel. On-time performance increased to 84 percent, driven by improvements in 25 out of the 32 trades covered by SeaIntel’s reliability index. The top three performers globally were Maersk Line, Hamburg Süd and Hanjin Shipping, marking the first time Hanjin has made it into the SeaIntel’s monthly top three. However, using a more stringent measurement of on...
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| 3PLs, shippers increase focus on talent development |
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Tuesday, November 20, 2012
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Third-party logistics providers and shippers are placing increased emphasis on developing and retaining leadership talent to help them steer through supply chain disruptions and spur innovation that will deepen a company's ties to its customers, according to the 17 th annual "2013 Third-Party Logistics Study" and industry officials. Companies are more interested now in having executives who are quick learners and can adapt to changes in a complex business environment ...
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| Forwarder index inches toward positive signs |
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Friday, November 16, 2012
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The latest Stifel Nicolaus Logistics Confidence Index saw its first positive gain after six consecutive months of sequential decline, according to the investment bank and its partner, the analyst and research firm Transport Intelligence. The index is a monthly survey of international shippers and forwarders measuring freight activity across several European-based trade lanes. “Despite the modest positive traction, sentiment continues to underperform normal expectati...
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| Forwarders, 3PLs expect growth in 2013 |
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Thursday, November 15, 2012
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Logistics service providers and freight forwarders are optimistic that the economy will continue to grow, and provide opportunities for expansion in 2013, according to a survey by the logistics researcher and analyst Transport Intelligence (Ti), and Kewill, a global trade and logistics software provider. In the survey, 80 percent of respondents reported slight business expansion over the past two years, with more than 75 percent expecting this growth to continue in 201...
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| U.S. import volume down nearly 5% in October |
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Thursday, November 15, 2012
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U.S. import container volume fell 4.8 percent in October, year-on-year, according to the latest figures from the trade intelligence firm Zepol Corp. Volume imported during the month was 1.4 million TEUs. “Low October numbers were not always the case,” Zepol said. “Looking at pre-recession levels, October had some of the highest TEU counts, but in 2011 and 2012, the holiday import-surge has shifted back to July and August.” The threat of a port strike a...
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| Uptick in container volumes forecasted |
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Wednesday, November 14, 2012
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Import cargo volume at the nation’s 12 major retail container ports is expected to total 1.37 million TEUs in November, 5.9 percent more than in same month last year, despite the temporary closure of some ports by Hurricane Sandy, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “Sandy certainly caused major problems that are still being cleaned up, but retailers managed to get their cargo into the country and...
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| Survey finds growth in inter-regional trade |
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Tuesday, November 13, 2012
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"Global trade flows from manufacturers in the East to consumers in the West are undergoing a gradual shift toward shorter inter-regional routes as companies seek to reduce the distance between the production and consumption of their goods," said the Philadelphia-based logistics company BDP International, summarizing the findings of a new survey conducted with its Centrx consulting unit and Temple University’s Fox School of Business. "This shift in global trade flows confirm...
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| U.S. September exports rose 3.1% |
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Friday, November 09, 2012
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The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis reported Thursday that exports for September rose 3.1 percent to $187 billion and imports increased 1.5 percent to $228.5 billion. Goods exports increased by $5.4 billion to a record high of $134 billion. Services exports rose by $0.3 billion to $53 billion, also a record. The trade deficit narrowed 5.1 percent from August to September to $41.5 billion–“significantly better than market exp...
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| European road freight rates trending down |
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Thursday, November 08, 2012
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European road freight rates have fallen for the last five months , according to an index published by the London-based transportation research and consultancy firm Transport Intelligence (Ti). According to the new international road freight index, compiled by Ti using data provided by European freight service provider, Freightex, road freight rates have fallen 7 percent in the past five months from their peak. By the end of May, the index (based on actual transactions settled ...
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| Weak international demand stagnates intermodal |
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Tuesday, November 06, 2012
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Intermodal volume rose 3.2 percent in the third quarter, the Intermodal Association of North America (IANA) said Monday. Volume grew to nearly 3.8 million units year-on-year despite signs of an economic slowdown in the quarter, IANA said. “Trailer volume dropped 10.7 percent, as shippers continued to move away from 45-foot and 48-foot equipment, although 53-foot trailer shipments held close to last year’s volumes, dropping only a minimal 0.2 percent year-over-year,...
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| Asia-Europe box rates spike |
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Friday, November 02, 2012
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Drewry said Asia-Europe spot container rates have soared ahead of annual contract talks. It said the Shanghai-Rotterdam container freight rate index increased by 38 percent, or $788 per 40-foot container today, to $2,865 per 40-foot container, "marking the latest of several huge price swings in the Asia-Europe container shipping market." The weekly World Container Index assessed by Drewry, which captures freight rates with a contract validity of up to one month, co...
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| Liner schedules, box deliveries improve in September |
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Wednesday, October 31, 2012
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Carrier on-time and container delivery performance both improved in September, according to the latest figures from SeaIntel Maritime Analysis. Liner schedule reliability improved from 77 percent in August to 83 percent last month, a performance more in line with July. SeaIntel said the improvement “shows that the weather-related downturn has been overcome.” Maersk Line and Hamburg Süd retained their status as the top two performers, with COSCO a newcom...
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| TP Pulse: Most shippers braced for big surcharges if ILA struck |
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Tuesday, October 23, 2012
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The vast proportion of transpacific shippers surveyed last week by American Shipper said they were advised by their carriers that they would be hit with sizable port congestion surcharges if U.S. East and Gulf coast ports were shuttered by a dockworkers' strike in early October. As it turned out, shippers were given a reprieve when the International Longshoremen's Association and its employers agreed to a three-month extension in contract talks under the eye of a federal me...
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| Report points to trends favoring 'onshoring' |
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Friday, October 19, 2012
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A new report by TD Bank predicts some manufacturing may return to the United States and Canada in the coming years. “Onshoring is still in its infancy and largely limited to anecdotes. However, the scales are beginning to rebalance for some industries as global conditions evolve,” wrote Michael Dolega, a Toronto-based economist for the bank. He said those changes include rising offshore labor costs in China, an appreciating Chinese renminbi, and othe...
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| European forwarder index still paints bleak picture |
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Thursday, October 18, 2012
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European freight forwarder confidence continues to be weak, according to the latest Stifel Nicolaus Logistics Confidence Index (LCI). October marked the sixth consecutive month of sequential decline in the index, which the investment bank produces with the U.K. research firm Transport Intelligence. The monthly survey of international shippers and forwarders measures freight activity across several European-based trade lanes, to serve as a barometer for the health a...
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| CORRECTION: Stifel Nicolaus on FedEx's profit expansion plan |
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Friday, October 12, 2012
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An item in Thursday's AS Daily incorrectly reported the percentage to which FedEx's profit expansion target is correlated to U.S. economic recovery. According to a note from the investment bank Stifel Nicolaus, 40 percent of FedEx's increased profit goals by 2016 are tied to global economic growth.
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| U.S. inbound volume forecast to grow 10% in October |
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Wednesday, October 10, 2012
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Import cargo volume at the nation’s major retail container ports is expected to increase nearly 10 percent year-on-year in October as merchants wrap up the annual shipping cycle for holiday merchandise, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates. “NRF’s annual forecast says retailers should see solid growth during the holiday season this year and these cargo numbers back it up,” NRF Vice President...
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| Drewry sees continued reefer trade growth |
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Tuesday, October 09, 2012
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Seaborne trade in perishable refrigerated commodities, grew at an annual rate of 3.9 percent - from 36.4 million tons in 2001 to 90.9 million tons in 2011, said Drewry Maritime Research. Drewry forecasts continued growth in perishable reefer cargo for 2012, and said "beyond that, population growth levels and GDP levels will see trade increase at an average rate of over 4 percent a year to 2016." London-based Drewry, which has just released its...
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| ITC investigates U.S. olive oil competitiveness |
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Tuesday, October 09, 2012
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The U.S. International Trade Commission has started an investigation into the global competitiveness of the U.S. commercial olive oil industry. The investigation, “Olive Oil: Conditions of Competition between U.S. and Major Foreign Supplier Industries,” was requested by the House Ways and Means Committee in a letter received by the ITC on Sept. 12. "The U.S. commercial olive oil industry has grown rapidly over the last decade, employing modern agriculture technolog...
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| Report: Seaport property outperforms |
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Thursday, October 04, 2012
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The commercial real estate firm Jones Lang LaSalle (JLL) said property near major U.S. seaports "continues to outperform the broader industrial market. Additionally, the tightness of these markets is funneling demand to inland distribution hubs with strong trucking and rail connections." The firm's U.S. Seaport Outlook 2012 reported competition among U.S. seaports continues to increase for inbound containers as the Panama Canal expands and larger ships are call U.S....
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| Drewry: Ship operating costs down 7% |
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Thursday, October 04, 2012
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Drewry Maritime Research said some ship operating costs retreated in 2012, falling by up to 7 percent from 2011 levels, a year when operating costs rose 2 percent to 5 percent depending on vessel sector. Commodity prices have started to fall, particularly in maintenance, and Drewry said 2013 should see further falls. But, in its just-released Ship Operating Costs Annual Review and Forecast 2012/13 , Drewry said cost increases are on the horizon. Paula ...
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| UPS survey finds high tech exporters bullish |
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Monday, October 01, 2012
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UPS said its annual “Change in the (Supply) Chain” survey of executives in the U.S. high-tech and electronics industry are more confident about the future of global trade and U.S. exports than two years ago. "Citing legislative changes and rising labor rates abroad as factors, 85 percent of U.S. high-tech executives believe the Obama administration’s National Export Initiative goal to double exports by 2014 is either 'very likely' or 'somewhat likely' to be achieved versus...
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| LSPs must provide innovation when outsourcing distribution |
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Monday, September 24, 2012
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More than 40 percent of companies that outsource part of their logistics and distribution operations plan to conduct a bid or re-bid with their logistics service providers (LSPs) in the next 12 months, according to a recent study by Tompkins Supply Chain Consortium. The Outsourced Distribution Report found shippers are still worried about the economy and cash flow but are faced with the need to add logistics capacity to their existing networks. Tim Pyne,&n...
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| Stifel European forwarder index sags for 5th month |
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Thursday, September 20, 2012
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The Stifel Nicolaus Logistics Confidence Index, a measure of European freight forwarder confidence, fell for the fifth straight month in September. “Survey respondents indicated that the current forwarding and logistics environment continues to track below normal expectations for this time of year, registering 40.6 vs. 41.5 last month, and compared with a benchmark neutral reading of 50.0,” Stifel Nicolaus said in a statement. “While the six-month outlook for both air and ocean ...
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| Muted growth forecast for 2012 clothing exports |
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Friday, September 14, 2012
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World clothing export growth in 2012 is predicted to be even slower in volume terms than the 5 percent growth rate seen in 2011, according to a report in the latest issue of Global Apparel Markets , published quarterly by the U.K.-based business information company Textiles Intelligence. In value terms, world exports of clothing grew 17 percent in 2011, which represented by far the fastest rise in at least 20 years. As a result, exports reached a record high of $412 billion. But...
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