Archive for January, 2017

Transports Put Up Strong Week Led By LTL And Container Shipping Line Companies

• Transports are now up 3.1 percent; whereas the SPY is up 2.4 percent. • President Trump and U.S.-Mexico issues continue to garner headlines. • Mexico indices and select individual companies performed strongly during the week. • Slower GDP growth for the fourth quarter isn’t such a bad thing; but getting the federal budget passed […]

US shippers paying more for truckload freight

Some of the largest US truckload carriers saw contract rates with shippers begin to rise in the fourth quarter, following the path marked by spot market rates starting in late spring. They expect rates to move higher in 2017, but in measured steps, not leaps and bounds. (This article requires registration at the Journal of […]

IATA, UNCTAD Collaborate to Boost Global Adoption of Cargo Messaging Standards

The International Air Transport Association (IATA) and the United Nations Conference on Trade and Development (UNCTAD) announced that IATA’s Cargo-XML messaging standard has now been fully integrated into ASYCUDA World, the UNCTAD automated customs management system used by 90 countries worldwide for their customs procedures.

US truckers expect Trump-fueled rate bump

Trucking and logistics executives are optimistic, if not quite bullish, about the outlook for freight demand and pricing in 2017 and 2018. Encouraged by President Donald Trump’s plans for infrastructure spending and regulatory reform, as well as signs of an improving industrial economy, they are preparing for increases in shipments and tonnage later this year. […]

December airfreight prices remain ahead of 2015 levels

Airfreight prices continued to track ahead of the year-ago level in December, despite a seasonal drop-off in prices.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average buy rate across 21 major east-west routes reached $3.14 per kg in December.

HMM stake puts Long Beach terminal on path to recovery

Hyundai Merchant Marine announced last Thursday it will buy 20 percent of a company part-owned by Hanjin Shipping that operates terminals in Seattle and Long Beach, in a move that may go some way to restoring the severely depleted flow of cargo through the California terminal. (This article requires registration at the Journal of Commerce. […]