Opinion: The 2017 Capacity Crisis: Past Lessons, Current Advice
Jeff Tucker, CEO of Tucker Company Worldwide, reviews lessons learned and offers current advice relative to the capacity crunch of 2017.
November 3, 2017Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico
President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.
Shipping Companies’ Expansion in Hawaii Could Go Bust for Some
When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide “market stability.” But another possible result is a cargo capacity glut.
Autonomous Ships Are Setting Sail in Boston
Frank Marino sat in a repurposed U.S. Coast Guard boat bobbing in Boston Harbor one morning late last month. He pointed the boat straight at a buoy several hundred yards away, while his colleague Mohamed Saad Ibn Seddik used a laptop to set the vehicle on a course that would run right into it.
E-Commerce Drives Global Package Shipping Volume to Rise 48% in Two Years
Global package shipping volume increased by 48% during the past two years, powered by growth in e-commerce, according to a report released last week by technology company Pitney Bowes.
Maersk Says June Cyberattack Will Cost It Up to $300 Million
A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.
August 16, 2017From Worst to Best: A Shipbuilder's Fortunes Turn Around
Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83% in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the first quarter, about 40% of its $823 million worth of orders it won last year.
Matson’s Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
Amazon to Become Major Produce Shipper With Purchase of Whole Foods
With its pending purchase of the Whole Foods grocery chain, Amazon.com will become a major shipper for fresh produce, a transport market that has always been difficult and is now getting even more challenging.
UPS Inc. to Add Holiday-Shipping Surcharge in November, December to Handle E-commerce Shipping
UPS Inc. will institute a holiday-shipping surcharge for residential delivery in much of November and December this year to help deal with the torrent of e-commerce shipping at that time of year.