Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.
Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk handling terminal OBOT wants to build.
The industrial real estate services and investment management firm said it anticipates low interest rates, healthy consumer spending and strong e-commerce will boost industrial and logistics real estate growth in 2017.
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Shipment volumes in September 2016 slipped 0.4 percent from the previous month and 3.1 percent compared with the same 2015 period, the 19th straight month of year-over-year volume declines, according to the latest Cass Freight Index Report.
The Atlanta, Ga.-based parcel giant will spend $196 million to expand its Jacksonville, Fla. ground package hub to add more than 260,000 square feet to the building and automation.
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL adjusted freight rates on various trades.