Port Freeport resin packaging center targets Latin America

A&R Logistics, which last month announced a bulk-to-containers packaging center for plastic resins at the Port of Savannah, is developing a similar operation at Port Freeport, Texas, to focus on exports to Latin America. The Freeport project comes as several polymer plants in Texas and Louisiana prepare by early 2018 to… Journal of Commerce | International Logistics

Asia-Europe spot rates flatten ahead of mid-August GRIs

Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round of increases on Aug. 15.The… Journal of Commerce | International Logistics

Surging US imports fail to lift trans-Pac spot rates

US container imports are forecast to rise 6.6 percent this year. Despite record import volumes flowing through major US ports, container lines have failed to lift eastbound Pacific spot rates for the second week straight, although a forecast for accelerating Asia imports this month could propel prices in the coming weeks. The… Journal of Commerce | International Logistics

PIL and PSA hook up with IBM in Singapore blockchain project

Executives from PIL, PSA and IBM join Singapore government officials after signing an MOU to explore block chain technology. Credit: PSA Singapore’s Pacific International Lines and terminal operator PSA International have become the latest container industry players to explore distributed ledger technology known as blockchain with IT giant IBM.Maersk Line and… Journal of Commerce | International Logistics

Global container volume gain forecast at fastest clip in six years

Cranes at ports around the world have been lifting more containers than last year. Shipping analyst Drewry will be radically reassessing its volume forecast for this year and 2018 as world container throughput heads for its fastest growth in six years.The vast majority of that growth is coming from the major… Journal of Commerce | International Logistics

XPO transforms LTL acquisition

Uniforms are just the surface of the radical redesign of XPO Logistics’ LTL unit. The second-largest less-than-truckload (LTL) carrier in the United States is not the company it used to be. By May, the more than 8,000 tractors, 25,000 trailers, 300 US LTL facilities, and the uniforms of workers at the former… Journal of Commerce | International Logistics

Surging US imports fail to lift trans-Pac spot rates

US container imports are forecast to rise 6.6 percent this year. Despite record import volumes flowing through major US ports, container lines have failed to lift eastbound Pacific spot rates for the second week straight, although a forecast for accelerating Asia imports this month could propel prices in the coming weeks. The… Journal of Commerce | International Logistics

Hong Kong block exemption troubles shippers, carriers

A block exemption from a competition regulation has been granted to liner shipping companies calling in Hong Kong. The five-year block exemption granted to the liner shipping industry by Hong Kong’s competition regulator has managed to disappoint container shipping companies and their customers. It took the Competition Commission of Hong Kong… Journal of Commerce | Regulation & Policy

Asia-Europe spot rate flattens out ahead of mid-August increases

Some optimistic rate increases are being lined up for Aug. 15. Solid peak season volumes and reports of tight space from shippers have not been able to push up the Asia-Europe spot market, with freight rates declining slightly this week in advance of yet another round of increases on Aug. 15.The… Journal of Commerce | International Logistics

ELDs can unlock more US truckload capacity

The ELD mandate will give shippers and truckers unprecedented amounts of data on shipments and space utilization. In the debate over just how much truckload capacity will be pushed from the US market because of the electronic logging device (ELD) mandate, the safety and productivity improvements often get lost. Those improvements… Journal of Commerce | Regulation & Policy