As most of North America is getting into the swing of a new year, the Chinese will soon be celebrating the beginning of a new lunar calendar. The "Year of the Rooster," which begins on January 28, will bring about a standstill in manufacturing and freight movement in and out of the world's primary production center.Read More
Can you believe that another year is coming to a close? 2016 was full of surprises for shippers and supply chain professionals. Many of the stories that dominated headlines this year will impact us all in different ways. From the future of international trade to promises to fix U.S. infrastructure, the year was certainly one that will go down in the transportation management history books. Let's take a look at four of the top stories that will 2016 will be remembered for.Read More
Since Hanjin Shipping filed for bankruptcy protection on August 31, we've been helping shippers across the country and throughout the world recover their cargo. There are still thousands of containers held on Hanjin vessels and at ports around the world.Read More
Ford recently made headlines when it announced that it would be moving its small car production from Michigan to Mexico. And, while the outsourcing of manufacturing from the U.S. is nothing new, there is another movement afoot that is reshaping the North American supply chain.Read More
Shippers May Experience Disruptions As Korean Firm Hanjin Files For Receivership
The seventh largest international vessel operator and member of the shipping partnership CKYHE Alliance filed for receivership on Wednesday (8/31) after losing financial backing of South Korean banks. Hanjin, which had amassed a debt of $5 billion by the end of 2015, has operated four out of the last five years in the red.
Overcapacity and weak demand contributed to Hanjin's inability to stay afloat as the world's major shipping lines went through numerous mergers, acquisitions and fought one another for market share.Read More
It may not come as a surprise that Mexico is the 3rd largest trading partner with the U.S. In 2015, two-way trade in goods between the two countries totaled $531 billion according to the U.S. Trade Representative. Out of that total, imports from Mexico numbered $295 billion (up 73% from 2005).Read More
The recent decision by voters in the United Kingdom to leave the European Union has created a cloud of uncertainty throughout the shipping and logistics world about what the so-called "Brexit" means for international shippers. Our Vice President of International Solutions, Charlie McGee, recently sat down to discussed the repercussions for US shippers. His thoughts on the subject may surprise you.Read More
Nearly a decade after the initial groundbreaking, the Panama Canal's expansion of a third set of locks is set to open to container ships (and specifically mega-ships) on June 26th.Read More
An innovative combination of ocean service and inland transportation that cuts transit times by up to 10 days, the Asia-Memphis Express has set the bar of excellence for LCL service from Asia to the Southeast for several years.
Now, we are proud to announce that we have expanded this cost-efficient service to provide customers with greater access from South China and Guangdong Province with weekly departures from the Port of Yantian.
According to the United States Census Bureau, the US exported approximately $236.4 billion worth of goods and services to Mexico in 2015. That's nearly twice the amount of 2005 when exports to Mexico totalled around $120 billion.Read More