Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Many executives are attracted to the potential cost savings of moving production closer to the end market. But concerns about safety, security, and the availability of skilled labor in these locations are giving some pause
With freight tonnage increasing in July, and the fall peak shipping season looming, trucking companies are readying another round of truck driver pay increases. Freight demand may not be as strong as a hear ago, but the need to secure drivers remains a key pressure point in discussions of truck capacity and truck pricing. (This […]
Orders for capital goods increased in July by the most in more than a year, showing corporate spending was finding its footing prior to the turmoil in financial markets.
When news broke last week regarding the Chines government’s decision to devalue, its dollar, known as the Yuan, by nearly two percent, it sent a ripple throughout the global economy in a few different ways.
An inventory correction or “de-stocking” is under way in the U.S., as manufacturers and retailers attempt to whittle down inventories of components and goods. That corrections is cutting into freight volumes moving by rail and on highways this summer, as shippers pull from existing stocks before placing new orders, sources told JOC.com. (This article requires […]
An empty shelf in a big box store may be a retail logistics manager’s worse nightmare, but it’s not the only one. An empty warehouse rack or shelf may be just as bad, especially if that warehouse ships e-commerce orders. (This article requires registration at the Journal of Commerce. To access, please click on the […]
One might say the Senate was “driven” Thursday night, working over its allotted hours and passing the House’s $8 billion, three-month extension (HR 3236) and a measure of its own, H.R. 22, the DRIVE Act, which contained a provision to cut CSA percentile scores from public view.
LONDON – The slowdown in China’s economy poses risks for container shipping but they are “far smaller” than the impact on the dry bulk market, according to Drewry Maritime Research. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The Los Angeles Board of Harbor Commissioners and officials from the port are packing their bags and heading to Chile and three countries in Asia this month so shore up relations with key shipping lines and fruit exporters impacted by the recent 9-month-long labor dispute at the ports of Los Angeles and Long Beach. (This […]
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