Overstock attracts new suppliers with Bed Bath & Beyond rebrand
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Overstock is attracting more suppliers after buying Bed Bath & Beyond’s intellectual property in a bankruptcy auction for over $20 million in June. Overstock officially relaunched under the Bed Bath & Beyond name this week […]
N12 closed again as protests intensify
The residents of Slovo Park settlement have followed through with a threat from earlier this week and intensified their protest with yet another closure of the N12. The highway was barricaded in both directions as rocks and other impediments were placed across the road. A truck that had been forced to stop was looted for […]
Sea-Intelligence analysis: Clear ramp-up in Transpacific blank sailings
Sea Intelligence said the main challenge with measuring the market’s supply/demand strength is that demand data is “notoriously lagged”. Hence, in terms of the market strength, the best real-time gauge is the capacity side, where blank sailings are a key element, noted the Danish maritime data analysis firm. The following figure shows the ramp […]
Paccar projects boost in production for 2023
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Paccar recently projected to deliver 290,000 to 320,000 Class 8 trucks in the U.S. and Canada market for the year, up 10,000 units from its previous minimum. While the increase could potentially bring relief to aging […]
Groupair SA appoints new senior management team
South African neutral cargo wholesaler, Groupair SA, is delighted to announce its new senior management team (SMT) for the local market. The strictly neutral freight wholesaler in air-, sea-, express and road freight, has restructured its leadership team to meet the demands of the next generation of freight forwarding and logistics customers. With over 27 […]
Road Transport vs Rail Transport: An In-Depth Comparison
When we want to check the environmental impact of logistics, rail transport is the absolute winner. It’s the mosteco-propitious type of freight transport. Yet, there are other factors to consider for consignors and logistics service providers, analogous as strictness, transport costs, delivery speed, and fineness. It’s important to understand where rail transport and road transport […]
Global fuel indices continue steady upward trend
Marine Bunker Exchange (MABUX) global bunker indices continued a firm upward movement. The 380 HSFO index rose by US$25.18, from US$525.46/MT last week to US$550.64/MT. The VLSFO index added US$25.16. Also, the MGO index also gained US$50.10. “At the time of writing, the market was still in an uptrend,” commented a MABUX official. The Global […]
UPS-Teamsters deal: 8 highlights in tentative contract
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. The International Brotherhood of Teamsters has released the full text of its tentative national contract agreement with UPS, which details a variety of changes between the parcel delivery giant and roughly 330,000 of its union-represented employees. The […]
Construction mafia in the competency crosshairs
The National Department of Public Works and Infrastructure has embarked on a project to improve the skills of small businesses wanting to be considered for infrastructure projects by main contractors. The project, which started yesterday, includes road and other logistics development contracts. The relevant minister, Sihle Zikalala, said they were in the Eastern Cape recently […]
Transatlantic party over as rates plunge
Celebrations are over for liner operators that transferred ships to the Transatlantic lane after Asia-Europe and Transpacific rates began tanking, according to Alphaliner’s report today (2 August). Ellerman City Liners, a shipping line started by UK freight forwarder Uniserve, started transferring its chartered ships from the Asia-Europe trade to a new Europe-US East Coast loop […]
