Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., Japans three largest shipping companies, agreed to merge their container operations into one company. Combining the container line business of the three Japanese companies will create an entity that will have a market share of 7 percent, making it the worlds sixth largest, according to the firms.
China Harbour Engineering Company signed a contract with Guineas government on Monday to upgrade the port in the capital, Conakry. Under the contact, CHEC, a subsidiary of China Communications Construction Co Ltd, will construct three docks, roads and other infrastructure. The port in Conakry handles nearly all goods shipped into Guinea, and to some landlocked neighbours like Mali.
There was a continued uptick in air cargo during September, although the future is clouded, says the Association of Asia Pacific Airlines (AAPA). Provisional figures show a further improvement with 5.3% growth in freight tonne kilometres (FTKs), despite prevailing weak trade conditions.
The Suez Canal Authority, along with the Central Bank of Egypt, is currently in talks with major global carriers over introducing a new toll scheme where charges are levied three or five years in advance in return for a discount.
San Francisco startup Otto, which Uber bought last summer, completed a partially autonomous delivery of 50,000 cans of Budweiser this week in Colorado. While the technology is still in its infancy, the business model for Uber Freight has the potential to be disruptive to the freight forwarding world at least as disruptive as its human displacement potential.
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Willis Towers Watson recently published a major study to uncover the threats, challenges and opportunities facing the transportation industry over the next ten years. While the report is not specific to HHG transport, it highlights many overlapping challenges that we all face as part of and participants in the global supply chain.
Fiscal employees in the country have called a 72-hour strike in support of their wage demands. Services such as customs offices will be affected. This means that the processing of consignments arriving at the country's ports and airports could be delayed while the strike continues.