Container shipping industry faces potential wave of consolidation
The container shipping industry is facing another period of upheaval, with consolidation among top carriers threatening to disrupt the mega alliances even as the lines settle into their relatively new vessel tie-ups.Neptune Orient Lines’, owner of APL, confirmed Saturday in a Singapore Stock Exchange filing that it is in preliminary merger talks with CMA CGM and Maersk Line, just a day after the largely assumed merger of China Container Shipping Lines and Cosco was confirmed by U.S. Federal Mari... Read More
Europe, Asia dominate global top 50 transportation rankings
In terms of companies, Europe and Asia dominate the JOC.com/SJ Consulting Group list of the Top 50 Global Transportation Providers. Europe had the most companies in 2014, 19, and the highest number of third-party logistics companies, 11. Asia had 16 companies, led by nine container shipping lines. North American transportation and logistics firms, in contrast, tended to be more focused on surface transport and delivery, with six railroads and three trucking companies in the rankings. North Amer... Read More
Ata report sees growth in freight, trucking through 2026
A new report released Monday by the American Trucking Associations (ATA) projects freight volumes will increase by nearly 29 percent over the next 11 years. “The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello in releasing its U.S. Freight Transportation Forecast to 2026. “Continued population growth, expansion of the energy sector and foreign trade will boost trucking, intermodal rail and pipeline shipments in particular.” Forecast, a col... Read More