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Think Tank
Global Logistics: Page 283
What Are U.S. Retailers Getting for Christmas?
Retail Container Imports Expected to Come in 4.8 Percent Above 2011 Level
Import cargo volume at the nation's major retail container ports is expected to increase 6.3 percent in August compared with the same month last year, and 2012 should show an increase of 4.8 percent over last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Newgistics Acquires Colorado-Based AtLast Fulfillment
Newgistics Inc., a vendor of small-parcel delivery, returns-management and freight-shipping services, has acquired AtLast Fulfillment, a Colorado-based provider of fulfillment and warehousing services.
U.S. Xpress Partners With Maritime-Ontario for Cross-Border Shipping
U.S. Xpress Enterprises has joined with Maritime-Ontario Freight Lines Ltd. to launch a North American cross-border shipping service.
Managing Global Supply Chains by Using Foreign Trade Zones
LeanCor's Supply Chain Group Expands to the Chinese Market
The Supply Chain Group of third-party logistics provider LeanCor is expanding operations to the Chinese market. The unit will launch logistics services, training and education efforts to support the logistics, infrastructure and academic needs of Chinese and American companies.
Ban on Night-Time Flights at Least Partly to Blame for Slide in Cargo Volume at Frankfurt Airport
Cargo volumes dropped steadily at Frankfurt Airport during the first half of 2012, Fraport Group traffic figures show. In addition to recording a 9.9-percent, year-over-year, drop in domestic freight volumes, the airport saw an overall tonnage stall of 9 percent from the first six months of 2011. The declines were "strengthened" by the night-flight ban imposed last fall.
Accenture Acquires Octagon Research Solutions, Life Sciences Specialist
The business consultancy Accenture has agreed to acquire Octagon Research Solutions Inc., a provider of clinical and regulatory information-management services and software to the pharmaceutical industry.
The Pros and Cons of Hedging Ocean Freight Rates
Over the last five years, the word "hedge" has become something of a dirty word. Think hedge funds - those massive, unregulated accumulations of capital that played a key role in bringing about the Great Recession. The idea of protecting oneself against adverse economic conditions seemed sound, but it quickly mutated into a bewildering flurry of transactions that ended up creating more risk than they were designed to mitigate. What's more, the original concept behind hedge funds became watered down to the point that many today aren't really "hedging" against anything. They're simply a means for investors to park their money with a trusted fund manager who might or might not repay that trust in the form of steady returns - all with minimal regulatory oversight.
Logistics Companies Exposed to Prosecution Under New Bribery Act in U.K.
Logistics companies and their clients run the risk of prosecution under the UK Bribery Act which was passed 12 months ago, according to research carried out by GoodCorporation.
Mobile Technology Helps Brokers Track Shipments
By leveraging truck drivers' cell phone connectivity and location-based applications, Open Mile claims to have become the first freight brokerage to provide accurate and precise information on a truck's location at every point from pickup to delivery. CEO Evan Schumacher says this capability gives shippers a level of confidence in service reliability that previously has been absent from the brokerage industry.
CMA CGM Adding Two Brazilian Ports to South American Service
The CMA CGM Group is upgrading its weekly, fixed-day Brazil Express (Brazex) container service, with the introduction of two new Brazilian ports, Manaus and Salvador de Bahia, to the rotation.
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