Topic: Global Trade

As it indicated in its previous report, data recently issued by San Francisco-based freight forwarding and customs brokerage services provider Flexport in its July 2017 Market Update continues to pinpoint the pairing of rising volumes and rates with Peak Season here.

Keeping in line with recent sentiment, the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates is calling for United States-bound retail container volumes to hit an all-time high in August.

Recent research from industrial real estate firm JLL, entitled “Docked and Loaded: Five Trends turning the tide of the North American shipping industry,” takes a close look at various factors impacting the ocean shipping sector.

With a focus on providing customers and shippers in more than 200 markets and 150 currencies the ability to leverage a secure, digital platform to conduct and perform B2B (business-to-business) transactions protected by licensed escrow, UPS Capital, a financial services subsidiary of UPS, announced a new offering today through a collaboration with cross-border payments company Payoneer.

BMW’s collaboration with South Carolina Ports and Norfolk Southern creates a unique intermodal solution that eliminates truck moves, improves its sustainability efforts and subsequently spurs manufacturing efficiently in a growing region.

AsiaInspection (AI), a global provider of quality control services for businesses importing from the Pacific Rim, maintains that logistics managers should pay more attention to risk—irrespective of region.

Pricing and adjusting networks to meet expected volume gains are key for the duopoly.

美国贸易与北美自由Trade Agreement (NAFTA) partners Canada and Mexico headed up 9.4% annually to $98.2 billion in May, for its seventh straight annual increase, according to the Department of Transportation’s Bureau of Transportation Statistics (BTS).

Quarterly revenue for the Atlanta-based transportation and logistics bellwether at $15.7 billion was up 7.7% annually, and earnings per share at $1.58 was up 11% compared to last year and ahead of Wall Street estimates of $1.46. Operating profit was up 8.7% at $2.2 billion.

San Francisco-based freight forwarding and customs brokerage services provider Flexport recently announced plans to open up a warehouse in close proximity to the Port of Los Angeles and the Port of Long Beach, effective next month.

The second Global Industrial & Logistics Prime Rents report issued last week by industrial real estate firm CBRE provided a positive, and ongoing, outlook for logistics rents. One of the report’s chief findings was the prime logistics rents in 70 major global markets rose by an average of 2.2% annually during the first quarter of 2017, which the firm said continues a run of “several quarters of growth.”

Kuebix, creator of a transportation management systems (TMS) providing shipping intelligence, recently partnered with SimpliShip International Freight Rate API to manage all freight modes and providers on one cloud-based platform.

FedEx subsidiary TNT Express continues to deal with the pain and problems caused by the Petya technology virus, FedEx stated in a 10-K filing with the United States Securities and Exchange Commission yesterday.

June shipments at 958,294 were up 2.8% annually, which was off from May’s 3.3% annual spread.

E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish demand and political doubt. The result: “cognitive dissonance” that finds a $1.4 trillion market scratching its head.

Transport infrastructure and frequency of ocean and air connections drive the competitiveness of emerging markets again this year, as analysts rate “market connectedness” as a key economic indicator for expansion.

Nancy Nix, Executive Director of Achieving Women's Excellence in Supply Chain Operations, Management, and Education (AWESOME), will receive the Council of Supply Chain Management Professionals' (CSCMP) 2017 Distinguished Service Award.

While most executives maintained that technology was a chief priority, their investment in new systems did not mirror that contention.

Logistics managers in the manufacturing sector should welcome a bout of "fairly solid" growth after two lackluster and lethargic years (2015–16), observe economists for IHS Markit.

美国贸易与北美自由Trade Agreement (NAFTA) partners Canada and Mexico increased 0.8% annually to $91.1 billion in April, the most recent month for which data is available, according to the Department of Transportation’s Bureau of Transportation Statistics (BTS).