Supply and demand hits again. Freight rates on Asia to US routes are ultra low right now. This service will stop for 6 weeks. Perhaps it’s gone forever, as supply chains get used to doing without it. The 6 weeks gives them a chance to see about bookings for the big summer buildup for the US holidays.
Capacity cuts on the transpacific trade were likely to be on their way. OOCL and the G6 alliance led today with CC1 service suspension.
Posted in Uncategorized
Another merger in the US 3PL space.
Hong Kong’s largest 3PL is breaking into the US market with the acquisition of freight forwarder Apex Maritime
Source: Kerry Logistics acquires US forwarder and transpacific specialist Apex Maritime – The Loadstar
Posted in Ports, Shipping, Supply Chains
Tagged intermodal, Logistics, mergers, ports, Shipping
Here is an example of the difficulty of building a major infrastructure improvement, in this case, a rail line from China to Thailand and thence to Singapore. Who’s got the money?
The answer is no one; and so they can’t agree on terms that advantage all of them fairly. One interesting factor is land use rights. Thailand and Laos will not give the Chinese land development rights on each side of the rail line. Those were expected to help the Chinese pay for the route. I think those countries are right to retain their sovereignty over the land.
Source: On southwestern fringe, China’s Silk Road ambitions face obstacles | Reuters
Comments Off on On southwestern fringe, China’s Silk Road ambitions face obstacles
Posted in Rail, Strategy, Supply Chains
Tagged China, container shipping, Silk Road
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