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New and updates

New and updates

NY-NJ port hires 650 as volume grows

Fri, 15 Feb 2019

NY-NJ port hires 650 as volume grows

[caption caption="Longshoremen to be hired at the Port of New York and New Jersey in the coming months will take a range of positions aimed at improving efficiency. Photo by Hugh R. MorleyLongshoremen to be hired at the Port of New York and New Jersey in the coming months will...

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Industrial real estate demand keeps building in US Gulf

Fri, 15 Feb 2019

Industrial real estate demand keeps building in US Gulf

[caption caption="The overall industrial vacancy rate in Houston stood at 5 percent in the final quarter of 2018, the lowest level in two years. Photo credit: Shutterstock.com."][/caption]Already low vacancy rates for warehouse and distribution space in the Gulf Coast region are projected to edge even lower this year. Growing imports...

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XPO on growth track despite big customer loss

Fri, 15 Feb 2019

XPO on growth track despite big customer loss

[caption caption="XPO Logistics expects adjusted EBITDA to increase of 6-10 percent to $1.65-$1.73 billion in 2019, down from a December target of 12-15 percent growth and a prior projection of 15-18 percent. Photo credit: Shutterstock.com."][/caption]XPO Logistics is about to lose $600 million in business from its largest customer, but that’s...

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What’s the Issue with Enforcing the USMCA?

Fri, 15 Feb 2019

What’s the Issue with Enforcing the USMCA?

In the coming months, US lawmakers will face the important task of choosing to ratify the United States-Mexico-Canada Agreement (USMCA) or not. Those are the only two choices under the Fast Track authority, which forces a straight up or down vote in Congress. Precisely which way Congress will vote is still...

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Saudi ban spoils outlook for Brazil chicken exports

Fri, 15 Feb 2019

Saudi ban spoils outlook for Brazil chicken exports

[caption caption="Brazil exported 4.1 million million tons of chicken at a total value of $6.57 billion in 2018, year-over-year declines of 5.1 percent and 9.2 percent, respectively. Photo credit: Shutterstock.com."][/caption]The growth prospects for exports of chicken from Brazil took a hit late last month when Saudi Arabia imposed a ban...

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DSV bid reveals Panalpina shareholder divide

Fri, 15 Feb 2019

DSV bid reveals Panalpina shareholder divide

[caption caption="DSV has made a second bid for Panalpina, increasing the offer price by 6 percent and making it an all-cash offer as opposed to the cash-shares bid made earlier this year. Photo credit: Panalpina."][/caption]Danish forwarder DSV’s purchase offer for Panalpina — increased by 6 percent to around $4.2 billion...

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CH Robinson: No US truckload slowdown in sight

Thu, 14 Feb 2019

CH Robinson: No US truckload slowdown in sight

[caption caption="C.H. Robinson saw its revenue increase across all three of its primary transport modes in 2018, with truckload up 17.6 percent, LTL up 15.8 percent, and ocean rising 7.7 percent from the previous year. Photo credit: Shutterstock.com."][/caption]The US truckload market has found its new “balance” after a chaotic year,...

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Vancouver port launches rail upgrades amid delays

Thu, 14 Feb 2019

Vancouver port launches rail upgrades amid delays

[caption caption="Cargo volume at the port of Vancouver is increasing faster than capacity, increasing container dwell time and causing rail delays. Photo credit: Shutterstock.com."][/caption]An agreement signed Thursday by the port of Vancouver, Canadian National Railway, and the Canadian federal government will upgrade rail infrastructure in order to reduce excessive container...

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New technology driving US West Coast port automation

Thu, 14 Feb 2019

New technology driving US West Coast port automation

[caption caption="APM Terminal’s pilot project at its Pier 400 terminal in Los Angeles will be the first in North America to use autonomous straddle carriers. Photo credit: Shutterstock.com."][/caption]APM Terminals’ plan to use unmanned straddle carriers at Los Angeles highlights a new path for other US West Coast marine terminals to...

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Service integrations offer new trade compliance options

Thu, 14 Feb 2019

Service integrations offer new trade compliance options

[caption caption="Global trade management software providers are more tightly integrating trade compliance with traditional logistics execution functions. Photo credit: Shutterstock.com."][/caption]Maersk Line’s acquisition of the customs house broker Vandergrift earlier this week should be seen by shippers as part of a larger movement within the logistics services and software space to more efficiently...

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