Ford has appointed Hau Thai-Tang executive vice president, product development and purchasing, as part of a reshuffle of its senior management following the appointment of Jim Hackett as president and chief executive. Thai-Tang is globally responsible for overseeing all aspects of the company’s design, engineering, research and product development, as well as purchasing operations. He […]
Demand for rail freight services between China and Europe, according to logistics operator Dimerco. Dimerco’s Cross-Border Train Freight service offers customers routes that connect China with Europe, Central Asia, and Russia. The company recently arranged for transport of nine containers of high value furniture from Germany to Zhengzhou for a construction company in China. From […]
Yunnan Anning Jinfang Commercial Group (Jinfang) is to invest in converting 32 in south-east China stores to the SPAR brand in the coming months. SPAR has signed a partnership agreement authorising Jinfang to grow the SPAR Brand in Yunnan Province, Liu Pan Shui City, Bijie City, Buyi and Miao Autonomous Prefecture, and Anshun City in […]
Kuehne + Nagel has signed a strategic cooperation with Jiangsu Taicang Port Authority and Shanghai Port Authority Zhenghe Terminal to promote a sea link between the Shanghai and Taicang ports. The Port of Taicang, located at the south bank of the Yangtze River estuary near Shanghai, is considered to be a significant satellite port to […]
The number of potential victims of labour exploitation referred as part of the framework set up to identify victims of modern slavery in the UK increased by 33 per cent from 2015 to 2016, according to analysis of National Crime Agency data by Kroll, the risk mitigation specialist. The data, which is taken from the […]
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Volumes and demand continue to be low with no signs of improvement any time soon. As larger carriers struggle with YOY losses for the second quarter in a row, LTL is trying to remain tight-lipped about possible causes of weak demand. Concerns and questions are being raised as to how the carriers will respond to this downturn. The cost of living is on the rise and as inventories are sold off from the congestion dating back to March of 2015, demand may soon be on the rise again. Carriers are not adding in new trucks to their fleets, which could cause issues in the long run if demand goes back on the rise again.
The announcement of Hanjin's bankruptcy last week has shocked the ocean network and raised questions and concerns from shippers throughout the world. Many containers are at a standstill, several ships are anchored off shore, and some crews are without food and water until a resolution is found. South Korea's government and some carriers have offered to take up parts of their debt in order to process orders and gain some market share from Hanjin. Unfortunately, their financial losses and debts have forced ports to turn their cargo away until contracts are solidified and a resolution is found. While it's no surprise that some stand - alone carriers like Hanjin are folding, what events led up to their demise, and how will things affect shippers in the future?