The port of Long Beach is the winner in the first round of funding from Washington for port and marine infrastructure development since President Biden signed the $1.2 trn infrastructure bill in November. The California port has garnered a $52.3m grant, which will go towards its Pier B rail project. Improvements to transport...
The US Federal Maritime Commission’s investigation into carrier detention & demurrage (D&D) charges could be supercharged following a complaint by specialist drayage firm Orange Avenue Express (OAE), in what could become an industry test case. Lori Fellmer, second vice-chairman of the National Industrial Transportation League (NITL) and VP of logistics and carrier...
Property giants are scooping up logistics portfolios in anticipation of continuing clamour for warehouse capacity in a booming market fuelled by e-commerce. CBRE Group, the world’s biggest industrial real estate player, is leading the charge with the $4.9bn acquisition of the logistics portfolio of Hillwood Investment Properties. The move, announced on Tuesday, was...
With the changes to post-Brexit border policies, pressure is set to intensify for UK importers next week as volumes begin to climb back, post-Christmas lull. The first week of new import controls on EU goods saw a notable hitch when the new IT system, the Goods Vehicle Movement Service (GVMS), crashed on...
South Korean vehicle maker Hyundai’s logistics unit, Hyundai Glovis, has itself established a subsidiary in Chengdu, in China’s Sichuan province. Chengdu Glovis SCM, aims to help its parent to diversify into container rail freight – in 2020, Chengdu was the Chinese city with the second-most direct rail freight trains to Europe. Hyundai Glovis plans a...
It’s that time again – The Loadstar’s annual Christmas quiz. Given the sheer volume of news this year, we have divided it by month. Good luck! January There were “urgent calls” for a review on container lashings in January after the 13,092 teu Maersk Essen incident. How many boxes went overboard on its route...
“Shape-shifting” is how Sarah Banks, global freight and logistics lead at Accenture, describes 2021. There have, of course, been many changes, but perhaps the one with the longest-term effect is the massive growth in M&A, spurred on by vast profits, particularly for shipping lines. And the M&A news just keeps on coming, as...
The climate change debate in the shipping industry is hotting up, reflecting the change of atmosphere which has seen many shipowners, previously opposed to rapid decarbonisation measures, suddenly turn as pressure increases. Pressure from governments as well as major companies, consumers and concerned citizens has placed shipping and its operations into the...
It’s one thing to be an importer with your goods ensnared in the chaotic port congestion seen in the major hubs around the world, but what about when it’s on your doorstep, day and night? This Bloomberg report takes a wander through the US Wilmington district (not to be confused with...
Neither an earnings call nor an interview with GXO Logistics’ senior leadership goes by without at least some reference to its investment in technology. It is the same across the transport and logistics industry spectrum of course but, while for many supply chain actors “tech” is largely a synonym for digitilisation, for contract...
