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BCG: Container industry overcapacity to increase through 2020

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.

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 7, 2016

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.”

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 7, 2016

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

Shipping NewsPosted on: November 7, 2016

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.

Shipping NewsPosted on: November 4, 2016

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.

Shipping NewsPosted on: November 4, 2016

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