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Journal of Commerce

  • As economy grows, Canada focuses on trade prospects

    After suffering sluggish growth during the past two years, Canada’s economy is expected to pick up steam in 2017, with real GDP growth forecast at 2 percent for the year, compared with 1.2 percent last year.  The country reported fourth-quarter 2016 GDP growth of 2.6 percent, outperforming the consensus estimates of...


  • Canada pressed to streamline cargo clearance processes

    Canada is in the early stages of reworking its system of cargo clearance to allow containerized goods that don’t present a security, safety, or health threat to move through ports, and separate the payment of duties from the process so importers can get their goods out of the terminals faster....


  • Pricing a claim is tied to shipment contract of sale

    Q: I’d like to get clarification on whether the cost value of material or the full sale value of a product is the proper amount by which to value a claim. We’re a logistics group with a client that operates a transload terminal. Product was lost after the material arrived at...


  • NY-NJ’s GCT Bayonne boosts appointment slots

    GCT Bayonne, the first marine terminal at the Port of New York and New Jersey to introduce an appointment system, will increase the number of reservation slots by more than 60 percent, a sign of trucker demand ahead of expectation for larger ships and the intensified import discharges they bring. Starting...


  • Video: Machine Learning Holds Immediate Freight Potential

    To effectively leverage data and harness the tremendous potential of current technology, you don't need to wait for the perfect place or strategy, according to Adam Compain, CEO and Founder of predictive logistics company ClearMetal. Machine learning and AI can go beyond visibility, to forecast the progress of cargo, using...


  • Trans-Pac spot rates fall again without peak season lift

    The peak season has yet to make itself felt on the trans-Pacific spot market. With a peak-shipping season in the eastbound Pacific still building, spot rates this week edged lower for the third straight week, falling 3 percent the East Coast and 5 percent to the West Coast.  The spot rate for...


  • MSC takes full control of Itajai container terminal

    Portonave and other terminals in the Itajai port have struggled with draft issues for more than a year. Mediterranean Shipping Co.’s terminal arm Terminal Investment Limited has snapped up the half of the Itajai port’s Portonave container terminal it did not already own for 1.3 billion reais ($389 million), a sign...


  • Structural changes of global shipping slow port growth

    The maturation of container shipping in the developed world will prove challenging for ports globally. Ports are facing slower growth as fundamental structural changes in the container shipping industry and global trade impact throughput volumes, according to new research from global credit ratings agency Fitch. Fitch said ports and terminals also face...


  • US railroads seen riding e-commerce growth to cargo gains

    Although shipper spending on parcel surpassed rail last year, e-commerce still offers opportunities to US railroads. E-commerce and railroads aren’t often mentioned in the same breath, but US railroads are far from immune from the so-called Amazon effect. The rapid growth of online shipping and shifting fulfillment demands affect railroads directly...


  • Russian northwest ports and terminals battle for cargo

    The Bronka port has added capacity to an already oversupplied market in the Russian northwest. Container terminal operators in Russia’s northwest are battling for market share with discounts, new services, and capacity expansions. The fight is fiercest among terminal operators in St. Petersburg, Russia’s top port, but also extends to the nearby...


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SONIC INTERFREIGHT IS BANG ON TARGET!

We want to congratulate Sonic Interfreight Co., Ltd, Coop member in Bangkok, on their newly acquired fleet of trucks.  

 
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