The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on stronger rates across all vessel sizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 15 points, or 2.11 percent, at 726 points. The capesize index rose 23 […]
Experts reckon that ZTO Express, a Chinese logistics firm, has submitted a filing in New York seeking clearance for an initial public offering (IPO). The logistics provider aims to raise between USD1 billion and USD 2 billion. ZTO Express is a partner of China-based Cainiao Network logistic, an arm of the e-commerce giant Alibaba Group. […]
Handling a ship in congested or high traffic areas is not an easy task. Congested waters are high density traffic areas where a vessel is likely to collide with another vessel if ship navigation is not carried out in the right manner. As there are several vessels present in the vicinity, chances of collision or […]
The number of available loads on the spot truckload freight market rose 7 percent during the week ending July 16, well below the 20 percent expected following a holiday-shortened workweek, according to DAT Solutions, which operates the DAT network of load boards. Truck posts increased 37 percent and load-to-truck ratios dropped for all equipment types: […]
The Gulf of Guinea is understood to be the most dangerous region in the world for seafarers at present. The growth of piracy in that region has been considerable, according to Stuart Edmonston, head of loss prevention at UK P&I Club, who presented the case together with Hellenic War Risks and Terra Firma Risk Management. […]
The Brexit vote was always going to create uncertainty. There is already evidence of companies delaying investment decisions. But perhaps the most high profile casualty so far is the expansion of airport capacity in the South East of the UK. There will be no decision until a new prime minister has been selected by […]
TRUCKING Tailgating a 1.7% price jump in April, LTL trucking revved its engine with another 1.2% price increase in May. These were the first back-to-back monthly price hikes since November-December. More significantly, LTL prices now stand higher than same-month-year-ago levels. Reversing the 1.5% price decline set last year, LTL prices are fore¬cast to increase 1.5% […]
