The shipping industry’s most-watched measure of rates for hauling commodities plunged to a fresh record amid a persisting glut of ships and speculation weakening Chinese steel output could translate into declining imports of iron ore to make the alloy.
December 15, 2015Business, Logistics
Largest Container Ship Ever to Visit United States Arriving Dec. 26
The largest containership to ever call at a U.S. port will arrive Dec. 26 at the Port of Los Angeles and Dec. 31 at the Port of Oakland, California.
December 15, 2015Business, Logistics
Shipping Index Plunges to Fresh Record Amid China Steel Slump
Business, Logistics
Jewell, Ruble Promoted at Forward Air
Forward Air Corp. has appointed new presidents for two divisions, effective Jan. 1, selecting Matthew Jewell to head its intermodal unit and Chris Ruble to lead the expedited services unit.
December 14, 2015Business, Logistics
Holiday Online Orders Have Shippers in Highest Gear
The holiday shipping season is in overdrive now, with the next two Mondays expected to be among the busiest of the year.
December 14, 2015Business, Logistics
The Final Mile: Adapting to a Changing Industry Landscape
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December 10, 2015Business, Logistics
Intermodal Rail Traffic Rises for First Time in Seven Weeks
Weekly U.S. intermodal rail traffic rose 0.8% from the same period last year, the first increase in seven weeks, the Association of American Railroads reported.
December 9, 2015Business, Logistics
Optimism Among Companies Eases in Second Half of 2015
Optimism among chief financial officers about the U.S. economy dimmed in the second half of this year, helping explain why companies plan to temper spending on equipment and hold more cash in 2016.
December 9, 2015Business, Logistics
Rail Cargo Drop Accelerates, Pointing to Weak Spots in Economy
A sharper decline in U.S. railroad cargo this quarter points to weak spots in the economy as a strong dollar crimps exports, retailers whittle down excess inventory and energy investment stalls.
December 7, 2015Business, Logistics
CMA CGM Said Near $2.4 Billion Cash Offer for Neptune Orient
French ocean carrier CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said, consolidating its position in an industry facing its worst year since 2009.
December 7, 2015Business, Logistics
Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
December 7, 2015