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Port of Hong Kong strike effects on US ports questionable [11/Apr/2013]
Better working conditions and a pay increase are behind a two-week strike at the port of Hong Kong. However, it appears Li Ka-shing, who controls half of the capacity at Hong Kong and almost as much at neighboring Shenzhen/Yantian is not budging on concessions to port workers. Read Full Article...
UTi Worldwide's latest earnings mirror a struggling freight forwarding market [04/Apr/2013]
UTi Worldwide’s latest earnings report echoed a similar theme – declining airfreight revenue and a modal shift from air to ocean. However, its Distribution segment proved to be a positive in an otherwise negative earnings report. Read Full Article...
Is the pharmaceutical supply chain set to be revolutionized? [28/Mar/2013]
The pharmaceutical supply chain is set to undergo a big change. Walgreen, the largest drug retailing chain in the US, Alliance Boots and AmerisourceBergen have signed a $400bn 10-year agreement that will create what Forbes magazine coined the “Earth’s Drugstore”. Read Full Article...
Air freight providers focus on profitable freight [22/Mar/2013]
Many customers have moved from air freight’s premium service offerings to economical services and consequently air freight providers have experienced several unprofitable quarters causing them to take action. Read Full Article...
FedEx Express struggles as customers shift to low yielding services [21/Mar/2013]
For the fiscal quarter ending February 28, FedEx reported revenue increases in each of its divisions. While total revenue increased 4% to $11bn, however, operating income plummeted 28% to $589m. Read Full Article...
Despite a shortfall in current volumes, forwarders remain hopeful of market turnaround [15/Mar/2013]
According to the Stifel Logistics Confidence Index, freight forwarders are currently experiencing weaker volumes compared to those expected for the time of year, but many remain hopeful of a turnaround in the market over the next six months. Read Full Article...
Puerto Rico’s medical device and pharmaceutical industry at a cross roads [14/Mar/2013]
Puerto Rico has long been a popular location for medical device and pharmaceutical manufacturing thanks to favorable duty free access to the US and tax incentives. However, a number of factors have resulted in facility closures and restructuring as medical device and pharmaceutical manufacturers look for lower cost locations. Read Full Article...
Is the recent improvement in the global economy sustainable? [13/Mar/2013]
Has the global economy turned the corner? Data presented in Ti’s latest Global Logistics Monitor suggests it might have. Manufacturing activity appears to be picking up throughout Asia, Germany and the US and even demand for airfreight may finally be improving. Read Full Article...
Cuts in Government spend affect logistics and transportation providers [07/Mar/2013]
Uncertainty continues over what sequestration will mean to the US economy. Despite this, companies that provide services to the US government have been feeling the effects of federal budget cuts long before sequestration officially began, but how will budget cuts affect logistics and transportation providers? Read Full Article...
Sequestration effects on the US supply chain [28/Feb/2013]
No doubt the US government needs to do a bit of fiscal trimming, however the process for automatic across the board cuts to government agencies set to begin March 1, may be a major shock to a fragile economy, if indeed it occurs. Read Full Article...
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