Market research can ensure the success of your business
Market research is an essential component that should be implemented in any business, as this ensures that the chances of reaching success will increase in a great measure. Marketing research is a comprehensive approach that will let you discover how a service or product will be received before releasing it, so you greatly reduce the […]
Spirit AeroSystems’ safety stock minimizes delivery disruption after strike
Dive Brief: Spirit AeroSystems’ inventory buffer helped minimize 737 unit delivery disruptions for Boeing following a worker strike in June, according to a Q2 earnings call. The supplier had built up its buffer stock during the period where 737 MAX aircraft were grounded, President and CEO Tom Gentile told analysts. At the time, Spirit AeroSystems […]
Ocean carriers’ spectacular results on their way down
Shipping lines’ spectacular results of the past few years are beginning their spectacular decline as market conditions begin to normalise. Orient Overseas (International) Limited, parent company of OOCL, has announced a profit attributable to equity holders of $1 128.7 million for the six-month period ended June 30, compared to a profit of $5 663.6 million […]
West coast import box slide set to be arrested
US ports have seen a double-digit decline in import volumes for the tenth month in a row, but the expectations are that these monthly falls will slow considerably from August onwards. Year-on-year volumes in the ten largest US ports showed double-digit increases up to July 2021, slowing in August of that year, the last pandemic […]
Target’s operating profit leaps 273% after long battle against inventory
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Target’s operating profit rose 273% in Q2 to $1.2 billion after the retailer recovered from last year’s painful scramble to reduce inventory levels through discounts and canceling orders. Gross margin rate was 27% in Q2, […]
Collisions with coal trains kill wildlife in KwaZulu-Natal
Speeding coal trains operated by Transnet Freight Rail (TFR) killed two white rhinos, eight buffalos, six impalas and a wildebeest – all in one day. A giraffe that collided with a locomotive lost a leg in the incident and had to be euthanised, bringing the overall number of wildlife killed by speeding freight trains last Friday, […]
MSC updates Sentosa service rotation
MSC has decided to revise the port rotation of its Sentosa service, which will now include port calls at Port Klang, Singapore and Busan. With the changes, MSC aims to improve interconnectivity and transit times between Southeast Asia, China and the US West Coast. The new rotation of the service will be as follows: Port […]
Amazon Shipping relaunches, offering sellers delivery on outside channels
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Amazon has relaunched a ground shipping service for sellers on its website, offering delivery on orders placed on Amazon.com, the sellers’ own website and other channels. The service, called Amazon Shipping, provides delivery on packages […]
Hapag-Lloyd hones in on South Korean carrier
The bidding process for the flagship carrier of South Korea, Hyundai Merchant Marine (HMM), which started on July 20 and ends today, August 21, is said to have Hapag-Lloyd as a strong contender. The German line will be up against four Korean competitors in the bid-awarding process. The privatisation of HMM started after state-owned entities […]
NYK buys stake in vehicle terminal operator in Indonesia
NYK acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban. NYK said the shares were acquired from Toyota Tsusho Corporation, and registration was completed on 18 August. The port of Patimban is 120 kilometers east of the Jakarta city center and has […]
