Asia-Europe ocean rates edging down despite ‘robust’ bookings
Carriers have responded by adjusting schedules and blanking sailings, but the capacity management has so far failed to hold up prices on the trade lane.
Carriers have responded by adjusting schedules and blanking sailings, but the capacity management has so far failed to hold up prices on the trade lane.
The US-based ocean carrier and logistics company paid about $2 million for the two transload specialists following the July shutdown of GSC.
But the growing synergy and efficiencies of its Gemini network with Maersk are expected to generate significant savings over the next few quarters, CEO Rolf Habben Jansen says.
The Hong Kong-based JV will provide coordination, performance management and strategic oversight of all origin locations across Asia for members of the BCO group.
The meat processor has cut costs from its operation and slowed processing speeds to get the most from record-low cattle availability.
The funds will help the front-load washer manufacturer continue to reshore production from Mexico and China. The company’s first phase of its plans will focus on plants located in Kentucky, Georgia, South Carolina and Alabama.
Traditional retailers in the US are scaling back their space requirements, according to an annual report, as the volatility over tariffs trickles down to the industrial real estate market.
The latest Intermodal Service Scorecard from the Journal of Commerce marks a major boost in confidence that railroads can deliver reliable intermodal service only a few years after historic disruption gridlocked rail networks across North America amid pandemic-linked chaos.
The apparel sector’s greenhouse gas emissions increased to 944 million metric tons in 2023, up by 7.5% compared to 2022, according to the Apparel Impact Institute.
The Port of Los Angeles saw record volumes last month, but the influx is putting added pressure on the middle mile, with costs soon expected to flow downstream.