E-commerce, globalization, and the digital age have made technology an integrated part of the shipping industry. The interconnected world makes continuous international movement of goods now common practice; this in turn makes transloading a necessity and a standard of the 21st century global marketplace.
Third party logistics has always had a symbiotic relationship with ecommerce: As more consumers order items online, the industry surges to keep up with demand. Conversely, in times when global commerce and international trade stumbles, so too does the logistics market.
After Hurricane Matthew hit Haiti, humanitarian and aid organizations had to act fast to get supplies into affected areas. More than 60,000 people were displaced and an estimated 750,000 were in need of assistance. With clean water hard to come by, food and crops destroyed by flooding, and medical supplies scarce in some communities it […]
It’s not exactly been smooth sailing for the global shipping industry of late. But there are rays of light in this cloudy period and there is ample cause for optimism moving forward. One of the largest reasons for maintaining a bright outlook comes from a recent review that shows the shipping industry saw losses decline […]
In an effort to shore up the struggling global shipping economy, several of the major international shipping and logistics players are forming strategic alliances with one another. The Wall Street Journal announced recently that Chinese container operators China Ocean Shipping Co. (COSCO) and China Shipping Group Co. have recently merged and are currently in the […]
The global shipping industry has joined the fight against wildlife trafficking, promising to help shut down transport routes used by traffickers. The Sustainable Shipping Initiative is backed by more than 40 organizations involved in international goods transport, including port operators, shipping companies, and airlines that have all pledged to end wildlife trafficking.
In the latest survey of confidence in the shipping industry, things looked pretty murky, with some in the industry projecting a bleak outlook at the start of 2016. Despite this, however, there are hopeful indications that continue to buoy many experts who maintain that, while the seas might be choppy now, the storm won’t last […]
Believe it or not, the high seas are still among the world’s least regulated and governed spaces — a hotbed for black market business, crime, and other unsavory practices. Though over 90 percent of the world’s trade is transported by sea, the prevailing attitude in the maritime world, in terms of security, is surprisingly lax. […]
While it’s true that China’s annual GDP growth is the lowest that it’s been since 1990, the slowdown from a 7.3 percent GDP in 2014 to 6.9 percent in 2015 was expected, and isn’t very far off from economists’ predictions of around 7 percent. So why does everyone seem so alarmed?
Around the world, headlines are piling up about the slowdown in shipping cargo. Some articles place blame on China’s faltering economy. Others point to the strong U.S. dollar. Even some experts admit they have yet to identify the cause. However, the California Ports of Los Angeles and Long Beach don’t seem to have gotten the […]