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The Loadstar

Making sense of the supply chain

  • Toys R Us can keep supply chain moving despite bankruptcy ahead of peak season

    Toys R Us can keep supply chain moving despite bankruptcy ahead of peak season

    Toys R Us last night filed for Chapter 11 bankruptcy protection. It has debts of some $51.2m for shipping and storage and expects a further bill of $35.9m. It has some $243.2m-worth of merchandise...

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  • BIFA updates its STCs to protect members as global trade evolves

    BIFA updates its STCs to protect members as global trade evolves

    The British International Freight Association (BIFA) is to issue a revised set of standard terms and conditions (STCs)next month to reflect the changes in international trade. BIFA director...

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  • Marine insurers demand better protection for containerships against fire

    Marine insurers demand better protection for containerships against fire

    The International Union of Marine Insurance (IUMI) has warned that Solas firefighting regulations for container vessels are “inadequate” – particularly as ships have grown in recent years. IUMI...

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  • Logistics start-up round-up: IMMLA’s ICO; clicktrans in UK; Infosys-CMA CGM tie-up

    Logistics start-up round-up: IMMLA’s ICO; clicktrans in UK; Infosys-CMA CGM tie-up

    In today’s irregular round-up on the start-ups and software investments taking place in the logistics industry there is a Russian blockchain developer looking to raise $38m via crowdfunding, a CMA...

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  • Air freight demand stays strong into the second half, alongside rising yield trend

    Air freight demand stays strong into the second half, alongside rising yield trend

    Air cargo yields have risen at their fastest annual pace since 2010, rising 7.9% in July. In fact, IATA’s latest cargo chartbook shows that – as expected – air freight demand has continued strong...

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  • Global BCOs hit by fourth quarter of rising contract rates from Asia

    Global BCOs hit by fourth quarter of rising contract rates from Asia

    The jury remains out on the chances of a new rate war on the key east-west trades. Alphaliner said last week the rate truce between carriers – largely responsible for generally impressive...

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  • Ex-Im Bank could be back in business with new board nominations

    Ex-Im Bank could be back in business with new board nominations

    Ex-Im Bank could be back on track to start approving financial transactions worth more than $10m, after Donald Trump finally announced three more board nominations. Ex-Im has been unable to...

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  • Unilode expands ULD repair network with new centre at CVG

    Unilode expands ULD repair network with new centre at CVG

    Unilode Aviation Solutions, a leading global provider of outsourced unit load device (ULD) management and repair solutions, has further expanded its global repair network by opening a new FAA Part...

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  • Changes at the top at XPO Logistics Europe

    Changes at the top at XPO Logistics Europe

    XPO Logistics has appointed Malcolm Wilson as CEO of its Europe division. He has been promoted from managing director, supply chain Europe, a position that will be filled by Richard Cawston. Mr...

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  • CMA CGM ‘outperforms the industry’ as Q2 profits hit $227m

    CMA CGM ‘outperforms the industry’ as Q2 profits hit $227m

    CMA CGM posted a net profit of $227m for the second quarter of the year, turning around a loss of $127m in the same period of 2016, with the assistance of a “significant” contribution from...

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  • Intra-Asia air cargo trades set for bumper peak season, says forwarder

    Intra-Asia air cargo trades set for bumper peak season, says forwarder

    Asia’s air cargo trades will enjoy a strong peak season, but there was a warning this week that booming Asia-Europe rail freight services may soon run into operational limitations. Taiwan-based...

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  • Vietnam signs up to ratify international TIR haulage convention

    Vietnam signs up to ratify international TIR haulage convention

    Vietnam’s accession to the international haulage TIR Convention has taken a step closer after it signed a memorandum of understanding (MOU) with the International Road Transport Union (IRU). The...

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  • Florida forwarders begin picking up the pieces, but trucks are in short supply

    Florida forwarders begin picking up the pieces, but trucks are in short supply

    Florida may have escaped the worst damage predictions for Hurricane Irma, but a dearth of trucking has left the state’s logistics services badly hobbled. Severe power shortages, which saw eight...

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  • Saudi Arabia to seek bidders for 1,000-mile Red Sea-Gulf railway

    Saudi Arabia to seek bidders for 1,000-mile Red Sea-Gulf railway

    Saudi Arabia looks set to revitalise a plan which will see a new railway linking the Red Sea and Persian Gulf. It has asked for bids to build the 1,000-mile land bridge, which would cut three days...

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  • MEPs give international flights respite from EU carbon fees until 2021

    MEPs give international flights respite from EU carbon fees until 2021

    Remember all the fuss about the EU, airlines and the Emissions Trading Scheme? Well the EU has agreed to extend the exemption for flights into and out of Europe until 2021. It says the extension...

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  • DP World not to renew operating contract in Indonesia

    DP World not to renew operating contract in Indonesia

    Dubai, UAE, 17 September, 2017: DP World Limited announces that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the...

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  • DP World to buy Dubai Maritime City and Drydocks World for $405m

    DP World to buy Dubai Maritime City and Drydocks World for $405m

    Dubai, UAE, 18 September 2017: DP World Limited today announces that it has entered into agreements to acquire Maritime World LLC, the 100% owner of Dubai Maritime City (DMC), for a purchase...

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  • UPS gives merchants greater control to manage returns

    UPS gives merchants greater control to manage returns

    UPS Returns® Manager provides merchants with online management and visibility of returns  Consumers can create a return shipment for authorized packages,  from any UPS tracking results...

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  • ABP CEO James Cooper announces it’s time to step down

    ABP CEO James Cooper announces it’s time to step down

    Associated British Ports (ABP) chief executive James Cooper last week informed the board that he intends to resign. Mr Cooper has spent 10 years on the board of the UK’s largest port operator and...

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  • Rates war or not, ocean volumes and load factors are falling as slack season looms

    Rates war or not, ocean volumes and load factors are falling as slack season looms

    Container lines operating Asia-Europe services will cumulatively cancel no less than 14 sailings early next month. It’s a bid to compensate for the expected dip in demand after the Chinese Golden...

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