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Market news
17 june 2013
Emerging markets hold the key to logistics growth
In a global environment where economic growth in the developed world has stagnated, there is little doubt that the major opportunities for manufacturers, retailers and logistics companies lie in emerging markets. However, operating in this diverse set of markets requires a great deal of flexibility to adapt to the shifting dynamics.
22 may 2013
Slight growth in Port of Hamburg’s seaborne cargo handling in the first quarter of 2013
The Port of Hamburg has reason to look to the future with optimism. At 32.8 million tons, total seaborne cargo throughput for the first three months of 2013 put the Port of Hamburg back on a growth course. The trend in bulk cargo handling, especially, fuelled the increase in seaborne cargo handling: In the first quarter of the year a total of 10.1 million tons of bulk cargoes were handled in Hamburg, corresponding to an increase of 6.3 percent. At 2.2 million TEU (20-ft standard containers), the container handling that dominates in Hamburg as a universal port reached almost the same level as in the first quarter of 2012.
15 april 2013
Freight TSI heads up 1.2 percent in January, says BTS
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) rose 1.2 percent from January to February, matching the gain from December to January. This marks the fourth straight month of gains.
15 march 2013
Report states Port of New York and New Jersey longshoremen reach deal with NY Shippers Association
Late last week, longshoremen at the Port Authority of New York and New Jersey reached a tentative six-year labor agreement with the New York Shippers Association, with
the agreement coming one day before a Friday, March 8 deadline, according to a Reuters report.
According to the Reuters report roughly 4,500 longshoremen and women work at the Port of New York and New Jersey—or roughly a third of all longshoremen on the East Coast. And it added that
the port handles about 3 million containers annually, mostly through three main terminals in New Jersey. The ILA represents about 14,500 dock workers at East and Gulf Coast ports.
15 february 2013
American Airlines and US Air merger may not have immediate impact on shippers
As anticipated by the world’s air cargo shipping community, American Airlines and US Airways have agreed to merge. While it is far from clear what the implications will be for U.S. shippers, consolidation has been good for carriers. Currently, more than 70 percent of the U.S. market is in control of just four airlines: the new American, United, Delta and Southwest. Industry analysts told LM that shippers in a recent “rate forecast that change will not be dramatic in any case.
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