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  • Air cargo volumes rise as yields remain a challenge

    GENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent and 3.5 percent for the preceding two quarters. Citing an 8.2 percent increase in the 12 months to February, the organization says this reflects an upturn in global economic and trade conditions, with business surveys pointing to another quarter of "robust" growth in the second quarter of 2017. "In the past, this has tended to occur at the start of upturns in the economic cycle," according to IATA economist David Oxley. "Cargo Read More
  • Brexit trade implications revealed

    LONDON: April 20, 2017. The announcement this week of a UK general election on June 08 in a bid by UK prime minister Theresa May to confirm her government's position on Brexit, follows publication of a guide to the uncertain future relationship between the UK and European Union by UK-based trade consulting service Tradewin. Meeting with Theresa May in London on April 20, European Parliament president Antonio Tajani stressed the importance of a deal to safeguard people's rights in the wake of Brexit. "The European Parliament's message is clear: strongly defending their interests is our first priority," he said. In a Read More
  • IMF forecasts 3.5 percent growth in global economy

    WASHINGTON, DC: April 18, 2017. The International Monetary Fund has published its latest World Economic Outlook. According to Maurice Obstfeld, IMF Economic Counselor and director of Research, the global economy has been building since the middle of last year and is now expected to grow 3.5 percent in 2017, up from 3.1 percent last year, and 3.6 percent in 2018. However he warns that a broad withdrawal from multilateralism could lead to widespread protectionism: Our new projection for 2017 is marginally higher than what we expected in our last update. This improvement comes primarily from good economic news for Europe Read More
  • Benefits to outweigh Gothenburg dredging bill

    GOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the Port of Gothenburg to accommodate the world's largest container ships will result in a threefold gain to the country's economy. Gothenburg Port Authority CEO Magnus Kårestedt called the deepening of the five kilometers approach to the container port from 13.5 meters to 16.5 meters "one of the most profitable projects for the future in Sweden". Kårestedt said that at present box ships with a capacity of over 5,000 TEU can only load 50 percent of their Read More
  • NileDutch uses AI for predictive logistics

    SAN FRANCISCO/ROTTERDAM. April 18, 2017. Africa box carrier and breakbulk specialist NileDutch is to use ClearMetal AI and predictive logistics technology to improve container flow and vessel fleet utilization. Developed by software engineers from Stanford University and Silicon Valley, ClearMetal's technology predicts shipment cycle events to enable asset allocation and trade management decisions for carriers, forwarders, terminals, and shippers. "Managing fleet and container utilization against a backdrop of fluctuating demand in today's highly complex market can be challenging," said Mark Kraaijenbrink, NileDutch director Information and Communications Technology. "We are always seeking innovative solutions to gain a competitive edge and ClearMetal's Read More
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Latest News

Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...
Written on 21/04/2017, 19:44
air-cargo-volumes-rise-as-yields-remain-a-challengeGENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent...
Written on 21/04/2017, 18:40
u-n-cuts-cost-of-air-fleet-and-food-distribution-timesNEW YORK, NY: April 21, 2017. The United Nations is to cut its aircraft fleet and limit passenger flights to essential travel only, after revealing the...
Written on 19/04/2017, 20:20
benefits-to-outweigh-gothenburg-dredging-billGOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the...
Written on 18/04/2017, 19:37
siemens-to-set-up-logistics-head-office-at-expo-2020-dubaiMUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to...
Written on 18/04/2017, 14:18
abu-dhabi-ports-provides-free-humanitarian-warehouseABU DHABI: April 18, 2017. Abu Dhabi Ports is providing the Emirates Red Crescent Authority (ERC) with a 550 square meter warehouse in Zayed Port as part...

freightweek - sustainability in the global logistics industry

According to Unilever CEO Paul Polman, geopolitical and climate-related factors mean an extra €300 million a year in distribution costs. He says this not only impacts shareholders but also five million people in the company's supply chain and more than two billion consumers. Unilever's answer: https://www.unilever.com/sustainable-living/

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