Airfreight volumes on Asia-Europe trade lanes eastbound and westbound are expected to surge in the coming months, according to the latest survey results for the APAC Forwarding Index. Around 54% of survey respondents predicted Asia Pacific air cargo volumes across all lanes will be higher in three months time than at present, with 37% expecting them to remain the same and just 9% lower.
U.S. railroads moved 515,131 carloads and intermodal units for the week ending April 22, a 4.7 percent increase compared with the same week a year ago, the Association of American Railroads (AAR) reported Wednesday.
In a major boost to Gujarats future maritime development, the Port of Rotterdam has agreed to a strategic tie-up with the Gujarat Maritime Board (GMB) to lend its expertise in a slew of projects including planning for new ports and churning out skilled professionals in shipping and transport sectors.
Many drivers perceive freight visibility software, or load tracking, as another way to limit their control and freedom out on the road. Fleet owners, as well, can be skeptical about allowing an outside party to know where their trucks and drivers are. It can be seen as a liability, a safety or even a security issue. But what about the unknown benefits of load visibility?
One of the busiest ports linking France and the UK has reported a large upswing in freight vehicles passing through on its cross Channel routes. A renewed upsurge in haulage traffic has been confirmed in the first three months of 2017 and allowed the Port of Calais to realise the best quarter in its history through an absolute record for the month of March and the passage of 181,005 cargo units which used the Calais port facilities. The number of heavy goods vessels crossing through the French port grew by 11.2% compared to the first trimester of 2016, with 507,850 heavy goods vessels passing through the port.
The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say. More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week.
A lack of orders for smaller containerships over the past few years, with operators focused on large vessels, is attracting new investors into the secondhand market. Hamburg-based asset and investment manager MPC Capital said it had already raised $100m in equity to acquire a fleet of feeder (1,000-2,000 teu) and feedermax (2,000-3,000 teu) vessels this year.