Based on trends from the last two years, growth in containership capacity will continue to outpace demand in the next few years despite record ship scrapping so far in 2016, according to a recent report from the Boston Consulting Group.
U.S. transportation sector hiring rebounds in October
Transportation and logistics companies added 7,500 positions last month, following a revised 3,100-job loss in September, according to recent preliminary data from the U.S. Department of Labor.
BIMCO: Containership scrapping is at an all-time high
BIMCO’s chief shipping analyst Peter Sand says “the tools to turn the container shipping industry around are being used and are working.”
Port of Oakland reports surge in export volumes
Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
DOT doles out $90m in airport improvement grants
The U.S. Department of Transportation released more than $90 million among Federal Aviation Administration grants to six airports to make improvements to runways, taxiways and aprons.
FTR: Class 8 orders flat in October
Net orders for North American Class 8 trucks totaled 13,800 units in October 2016 as a “significant cleanup of long-term, excess, orders by one OEM” weighed on ordering activity, according to freight transportation analyst FTR.
UPS acquires life sciences supply chain firm
The Atlanta, Ga.-based parcel giant has entered into an agreement to acquire Marken, a global provider of supply chain services to the life sciences industry.
Special Coverage: Intermodal industry to pick up speed in 2017
Analysts predict higher volumes and rates, but offsetting coal traffic decline will be a heavy lift
World Bank grants Indonesia $400m loan for logistics reform
The international financial institution said the financing will be used to support Indonesia in addressing issues with the nation’s supply chain, such as long dwelling times at ports and lengthy trade clearance procedures.
ZIM rejects rumor that it plans to sell global shipping operations
The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.