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Transportation & Distribution: Page 258

Rates Tumble as Spot Load Availability Rises

Van and reefer load availability increased for the third consecutive time, for the week ending Aug. 15, but so did the availability of equipment, contributing to lower national average spot market rates for van, refrigerated and flatbed loads, according to DAT Solutions, which operates the DAT network of load boards.

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Freight Rates in Ocean Transport of Liquefied Natural Gas Come Under Pressure

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilising LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet, there are immediate challenges on freight rates. This is due to 49 million tonnes per annum (mtpa) of Australian LNG cargo supply expected to hit the market over the next two years, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.

Over Next Two Years, Growth in Crude Oil Tanker Capacity to Affect Rates

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.

Norwegian Truck-Body Manufacturer Offers Trailers Equipped with RFID Technology

Bussbygg, a truck-body maker based in Norway, says one of its customers is using two RFID-enabled refrigerated trailers in an ongoing trial, and finds that the technology shortens the delivery of goods by 30 minutes per stop, while preventing errors.

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Kane Is Able Sues Volvo Over Natural-Gas Tractor That Caught Fire

A little over one year after purchasing seven new Volvo compressed natural-gas tractors, Kane Is Able Inc., a national, third-party logistics company, has filed a lawsuit in U.S. District Court for the Middle District of Pennsylvania, asserting that Volvo breached its warranties in connection with one of the seven units, which caught fire on Interstate 81 in early January 2015.

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Hermes Expands Parcel Business in Russia Through Acquisition

Hermes, operator of a parcel shop network in Europe, has strengthened its presence in Russia through acquisition of the 49-percent share in Hermes-DPD Russia that was previously held by DPD.

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Emerging Nations May Slow Growth in Global Airfreight Market

Even as North America is getting up to speed economically, a cyclical slowdown in emerging markets is squelching the prospects for significant advances in the global airfreight market, according to the Airports Council International half-year report. The council also predicted limited global growth for the remainder of 2015. Airfreight volume worldwide grew in June at 2.1 percent, year-over-year, with domestic traffic increasing 4.8 percent, yet international freight volume only increased 0.9 percent.

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Chemical Tanker Shipping Market Strong Enough to Utilize New Vessel Deliveries

The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

Geodis Acquires OHL, to Rebrand U.S. Logistics Company

French logistics giant Geodis says it is acquiring OHL, the U.S-based third-party logistics services provider formerly known as Osburn-Hessey Logistics for an undisclosed amount.

CEVA Logistics Launches Home Delivery Service Center

CEVA Logistics has launched a Home Delivery Service Center in Houston.

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Project44 Offers Dynamic Pricing Technology to Freight Industry

Project44 has introduced dynamic pricing technology to the freight industry, via a pricing engine application programming interface (API) which allows carriers to provide on-demand pricing based on supply and demand in the marketplace.

AMI Launches Ex-Works Service for Forwarders in India

Air Menzies International Inc., a trade-only airfreight and express wholesaler, has launched a service to help forwarders in India improve the arrival times of their customers' imports.

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