The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each Friday, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.
The following is an excerpt from the May 1961 edition of The Florida Journal of Commerce.
SS Tropicana is pipe-line from Canaveral to Gotham
When first conceived in the late 1800s, Port...
This is no ordinary year for American shippers and freight forwarders that are attempting to finalize their annual ocean service contracts with the container carriers.
The uncertainty of how much cargo will be available from the shippers and the amount of capacity offered by the carriers for the next contract season, which generally starts in May, remains anyone’s guess in the face of the ongoing coronavirus pandemic.
“The biggest obstacle we face in service contract negotiations this year is the...
https://www.freightwaves.com/news/navigating-service-contract-negotiations-during-covid-19
Instead of attending international conferences to engage their complex networks and logistical needs, freight forwarders have had to adapt during the COVID-19 pandemic.
Many forwarders are leveraging technology to navigate the buying and selling terms between manufacturers and importers, as well as provide trusted recommendations. Needless to say, those online platforms are experiencing success.
The Israel-based software company All Forward, launched in 2020, is one such platform, calling itself...
https://www.freightwaves.com/news/a-new-digital-network-for-freight-forwarders-booms-during-covid-19
The coronavirus is a tough nut to crack for economic forecasters, and by extension, container-shipping forecasters. The rebound hinges on at least two colossal unknowns: the future rate of infections and how consumer behavior evolves.
The consensus, which may turn out to be wishful thinking, is that infections will slow and consumers will tentatively get back to their consumption in the second half. If so, container volumes would climb off their lows.
The new container-shipping forecast of...
https://www.freightwaves.com/news/second-half-container-relief-after-second-quarter-disaster
DSV Panalpina (CPH: DSV) estimated the coronavirus pandemic negatively impacted first-quarter earnings before interest and taxes (EBIT) by about 250 million Danish kroner ($36.6 million) and said it was taking steps to reduce annual costs by DKK 1.4 billion ($205 million).
“When this year started, we were really looking forward to demonstrating the strength of the DSV Panalpina combination,” said Group CEO Jens Bjørn Andersen in the interim financial report for Q1 released Thursday. “The...
https://www.freightwaves.com/news/dsv-panalpina-q1-results-satisfactory-all-things-considered
Logistics and aviation companies are proving extremely resourceful developing ways to add cargo capacity to an air transport system experiencing severe bottlenecks due to the shortage of freight-capable aircraft.
On Thursday, Germany logistics group DB Schenker announced it has created a virtual airline in partnership with Icelandair to shuttle medical supplies to Europe and the U.S. on passenger planes with seats removed. And giant aircraft manufacturer Airbus said it also has developed a...