East Coast ports undergoing new infrastructure investments will soon accommodate some of the world's largest cargo ships moving through the Panama Canal. While the expansion is already affecting global trade, it is expected to alter U.S. trucking routes. For shippers moving Asian products to the East Coast, the ability to use larger vessels that can directly access ports like Savannah, Ga., and New Jersey will eliminate the need for long-haul shipping.
After news came last week of South Africa's decision to reject the proposed collaboration of Japan's three largest container shipping lines, the European Commission has approved, under the EU Merger Regulation, the creation of the joint venture between Nippon Yusen Kabushiki Kaisha, Mitsui OSK Lines, and Kawasaki Kisen Kaisha in which the three freight carriers will cooperate.
Spanish dock workers unions have reached an accord with business associations on labour conditions and called off planned strikes after the government passed a sector reform, the unions and business association said on Thursday.
Ceva Logistics has launched a new intermodal rail freight service connecting Shilong in China's Guangdong province and Hamburg, Germany. In conjunction with the Chinese state railway company, the new regular block trains will route Shilong, Manzhouli (China), Zabakalsky (Russia), Brest (Belarus), Malaszewicze (Poland) and Hamburg with a station-to-station lead time of 17-19 days.
Law firm Norton Rose Fulbright released a new report revealing that over the next five years, an increase in cyber-attacks is expected due to digitalisation. More than 80% of the participants in a survey agreed that we will see more cases of hackers in the coming years.
The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures. China follows, with $11 trillion, or 14.8% of the world economy. Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy.
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announced the launch of its Americas Supply Chain Security Consultancy service. Led by former customs and law enforcement professionals and with a global team of more than 250 security personnel, DHL Global Forwarding offers a robust portfolio of services to companies interested in becoming Customs-Trade Partnership Against Terrorism (C-TPAT) members or simply achieving a more secure supply chain in general.
If Brexit sends foreign workers packing, the U.K.s freight and logistics sector could grind to a halt, the Freight Transport Association (FTA) warned today. The association is calling for clarification on the Governments policy paper, released on Monday of this week, regarding the rights of foreign workers in the U.K. after Brexit.
A.P. Moller-Maersk A/S has shut down systems across its operations to contain a cyber attack against its computer network as it assesses the full impact. Vessels at its Maersk Line unit, the worlds largest container carrier, are maneuverable, able to communicate and its crews are safe, but the Copenhagen-based company isnt able to accept bookings from clients.