Neopanamax ships are pushing ports to invest in infrastructure that maximizes the use of their available space, Brendan McCahill, Senior Vice President of Trade Data Content at Descartes Systems Group, tells Supply Chain Management Review (SCMR) in an interview. McCahill surveys port projects on the West, Gulf and East Coasts aimed at...
The U.S. has implemented new sanctions aimed at cutting off business networks that direct goods and currency to North Korea. As reported by the Wall Street Journal, a current FBI inquiry into the business activities of a Chinese business owner (who has not been officially sanctioned by the U.S.)...
While ports across Texas resumed operations, the intermodal chain continued to face challenges in Hurricane Harvey’s wake, reports Transport Topics. After closing to brace for the powerful hurricane, ports at Corpus Christi, Galveston and Houston returned to normal operations as of Sept. 5. Freight carriers are adjusting routes and...
Children’s taste in toys is changing, with ever younger consumers opting for smartphones and videogames instead of building blocks. Lego is joining other industry leaders in shifting focus to toys for a digital era, Fox Business reports. Picking up a logistics news story that originally appeared in the Wall Street...
Oil logged a weekly gain of more than 8% Friday, July 28 — the largest such rise since early December, MarketWatch reports. Three developments indicating tighter supplies ahead are lifting prices: The U.S. is reporting a drop in its domestic stockpiles. The political crisis in Venezuela could disrupt crude...
Descartes Datamyne provides supply chain managers with fresh news on domestic ocean cargo gateway trends and productivity in its U.S. Port Report 2016, writes Patrick Burnson in Logistics Management. Brendan McCahill, senior vice president of Trade Data Content at Descartes Datamyne describes the way the granular data underlying the...
The Dominican Republic is the leading Latin American importer and fifth-ranked importer overall of electric vehicles (EVs) manufactured in the United States as of first-quarter 2017, according to newly available trade data from Descartes Datamyne, América Economía reports. The Caribbean nation stands out as a buyer of electric cars...
After falling to historic lows in 2016, ocean freight rates began to recover towards the end of last year, writes Cathy Roberson in Pharma Logistics IQ. Meanwhile, air freight rates remain high and capacity is tightening. More pharmaceutical shippers are looking to ocean freight as an alternative. Indeed, Descartes...
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