Mumbai: The global shipping industry is facing a deja vu of the pandemic era, and its impact is cascading across sectors. Spot freight rates have soared around 105% in the past three months and a severe container shortage is hurting...
UP’s containerized intermodal volume is up 6% in July as West Coast imports grow and the threat of a strike diverts some Canadian international intermodal freight. READ SOURCE...
Rapid development of mobile internet, big data and cloud computing caused power consumption in China to soar by 33% in the first half of 2024, according to a report by the China Daily on Thursday, which quoted figures from...
The gateways say they are well-positioned to take on additional diversions from the East and Gulf coasts should an ILA strike occur after the current labor deal expires at the end of September. READ SOURCE...
The operating profit earned by the Deutsche Bahn subsidiary in the first six months of the year fell slightly but was more than double what it earned in the same period in pre-pandemic 2019. READ SOURCE...
KOLKATA: Air India Express on Thursday announced the expansion of its network to Tripura with daily flights from Agartala to Kolkata, Guwahati and Delhi. The airline, a wholly owned subsidiary of Air India, announced daily direct flights between Agartala to...
More business from logistics partners and retailers helped increase daily shipment count for the second-largest US LTL provider, but year-over-year comps are about to get tougher. READ SOURCE...
Chinese electric vehicle leader BYD continued an aggressive push into Southeast Asia through the first half of the year, expanding its lead in the region over US rival Tesla. Singapore has emerged as one of the main markets that...
India will undertake sweeping reforms to improve the domestic shipping industry and generate more jobs in the sector."Ownership, leasing and flagging reforms will be implemented to improve the share of the Indian shipping industry and generate more employment," finance minister...
High ocean rates, air cargo peak expected to elevate K+N H2 profit: CEO Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines...
