Global Markets News Archive
Retail Container Traffic Could Be Up 13 Percent in March
Import cargo volume at the nation’s major retail container ports is expected to be up 13% in March 2010 compared with the same month a year ago, and double-digit increases are expected to continue through the summer as the U.S. economy begins in improve...
Companies Seek Ways Out of the Regulatory Compliance Money Pit
Growing global concern over environmental and safety issues is spinning a global web of trade and security programs that impact both importers and exporters, and both products and their movement. Nearly half of supply chain professionals are supporting their internal regulatory compliance departments with external resources...
Freight Rates Are Stabilizing in Canada
According to the Canadian General Freight Index, although the cost of ground transportation for Canadian shippers declined by 9.6% since December of 2008, freight costs appear to be stabilizing in early 2010...
Germany Tops the List of Logistics Performers
Germany is the top performer among the 155 economies ranked in the Logistics Performance Indicators (LPI), according to a global survey of international freight forwarders and express carriers. The United States ranks at number 15 on the list...
Aircraft Accident Rate Second-Lowest in History
The accident rate in 2009 for Western-built jet aircraft was the second lowest in aviation history, with one accident for every 1.4 million flights. Compared to 10 years ago, the accident rate has been cut 36% from the rate recorded in 2000...
Cold Storage Groups Combine to Offer Expanded Logistics Services
The European Cold Storage and Logistics Association (ECSLA) and The Global Cold Chain Alliance (GCCA) have combined to represent and serve the temperature controlled warehousing and logistics industry in Europe. The partnership allows the two organizations to offer expanded programs and services to European national cold storage associations and European cold storage companies...
Ryder Offers Source-to-Store Service Between Asia and North America
Ryder System Inc. has signed a joint venture partnership with Cargo Services Far East Limited (CSFE), an Asia-based logistics solutions provider specializing in export consolidation services. The combination will offer full geographic coverage throughout Asia, for North American retailers and other companies importing from Asia...
Retail Traffic Up 25 Percent at U.S. Ports
Import cargo volume at the nation’s major retail container ports will be a full 25% higher during the first half of 2010 compared with the same period a year ago...
Asia-Pacific Eclipses North America as Largest Aviation Market
In 2009 intra-Asia-Pacific travel eclipsed the number of travelers in North America as the world’s largest aviation market. Asia-Pacific’s travelers numbered 647 million compared to the 638 million who travelled within North America. By 2013 an additional 217 million travelers are expected to take to the skies within Asia-Pacific...
Wal-Mart Launches New Global Sourcing Program
Retail giant Wal-Mart Stores Inc. has created a consolidated global sourcing structure centered around new Global Merchandising Centers (GMCs). This new structure is expected to leverage the company’s global scale in both general merchandise categories and global food sourcing...
TNT Express Deploys RFID Solution to Improve European Operations
TNT Express has deployed an RFID solution from AeroScout to automate its inventory management. The solution is designed to help TNT improve operations and prevent delivery delays by optimizing the inventory management of 16,000 assets across 200 depots in 29 European countries...
Global Air Freight Suffers Worst Demand Decline in History
Demand statistics for international scheduled air traffic showed the industry ended 2009 with the largest ever post-war decline, according to IATA. Air freight showed a full-year decline of 10.1% with an average load factor of 49.1%...
IATA and DHS Agree On Aviation Security Cooperation
At a recent summit on aviation security, the International Air Transport Association recommended institutionalizing government/industry cooperation. This, IATA says, would allow security policies to be written with the benefit of airline operational expertise...
Global Container Freight Rates Are Increasing
Average global container freight rates were up 18% between July and September 2009, and rose by another 6% between September and November 2009, according to consulting firm Drewry. However, recent average global freight rates in late 2009 were still about 20% below the peak of 2007...
FedEx Launches 777 Express Service from China
FedEx Express is introducing Boeing 777 Freighter (777F) service in Shanghai, mainland China. The new 777F directly connects Shanghai with the FedEx SuperHub in Memphis, Tenn. and will provide customers in Shanghai, Suzhou and Kunshan with a two-hour improvement in cut-off times in select areas...
UPS Expands Its Service Parts Logistics Network in China
UPS plans to increase its global service parts logistics network by establishing 101 new field stocking locations in China...
TradeBeam System Promotes Free Trade in China
TradeBeam’s Global Trade Compliance technology has been chosen by The Ministry of Commerce for China’s new Free Trade Agreement Duty Rate Query System. The system enables Chinese foreign trade enterprises to explore free trade options...
From Russia With Logistics
Russia is shaping up to be a land of opportunity for those willing to take a look and seize the opportunity. But make sure you are educated regarding your options, informed about how to leverage your investment, prepared to achieve competitive advantage and strategically partnered with the proper players...
Retail Container Traffic Ends Two-Year Decline
Import cargo volume at the nation’s major retail container ports ended a nearly two-and-a-half-year streak of year-over-year declines in December and is on track to show gains through the first half of 2010...
Construction Begins on UK’s New Logistics Park
Construction has begun at the London Gateway port site, which when completed will be Europe’s largest combined deep-sea port and logistics park. The project could result in as many as 36,000 jobs...
Tech Tips for Managing a Global Supply Chain
Technology can help companies better collaborate with their trading partners. Here are several considerations regarding how technology can help companies connect, communicate and collaborate with their trading partners to uncover opportunities for improvement in managing their global supply chains...
Complying with the Importer Security Filing
The day of reckoning for 10 + 2 compliance is almost here. On January 26, 2010, U.S. importers of ocean freight will not be permitted to cause cargo to be loaded onto a vessel at a foreign port without completing a properly executed Importer Security Filing (ISF)...
9 Steps to Perfecting the Global Trade Balance
): Logistics managers are being challenged to create a compliant corporate environment. An effective compliance program can be maintained on a reduced budget if the essential core practices are clearly defined and followed. These nine steps, when properly implemented, can help a company mitigate the risk associated with cross-border trade....
DHL Adds Capacity between North Asia and Europe
DHL plans to secure capacity between North Asia and Europe. Close cooperation with customers on capacity planning will help DHL secure more stable supply chains...
DB Schenker Launches LTL Network in Romania
DB Schenker Romtrans has set up an LTL network in Romania, with shipments being handled through a newly established central hub in Brasov...
