Sir Tim Barrow, the UK’s permanent representative at the European Union, has handed over a letter to European council president Donald Tusk invoking Article 50 of the Lisbon Treaty and starting negotiations for the UK to leave the union. It means that after some nine months of speculation, work will start in earnest on the […]
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DHL Global Forwarding is to transport remote-controlled helicopters, parts, and other hobbyist items this year for Shenzhen Youkeshu Technologies, the Chinese consumer electronics exporter. The deal will see DHL establish a dedicated 24/7 freight control tower in Shenzhen to manage shipments of remote-controlled helicopters to more than 100 different countries; as well as providing air, […]
Prénatal and Geodis Contract Logistics have extended their e-commerce collaboration until June 2020. Prénatal’s retail and e-commerce stock will be combined and stored in the Geodis distribution centre in Almere. “As a retailer, your stock is your most important asset,” says Ardjan van den Blonk, Manager supply chain at Prénatal Moeder en Kind. “You want […]
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Svein Steimler has been appointed president and chief executive officer of NYK Group Europe. He will succeed Takuji Nakai from 1st April. He is the first non-Japanese to hold such positions in NYK’s 131 year history. Steimler joined NYK in 1998, and was appointed corporate officer of NYK Line in 2013. He will be succeeded […]
Morrisons is to shorten its payment terms for its smaller suppliers to a maximum of 14 days. The new policy, which will affect about 3,000 suppliers comes in on 1st April. All goods for resale suppliers, whose business is worth up to £100,000 annually with Morrisons, will be paid within 14 days of receipt of […]
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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?