China Raises Power Prices – A looming power shortage in China has led to price increase as much as 3% in some areas. The increases are targeted at commercial, industrial, and agricultural users and specifically exclude residences. As summer’s peak demand approaches,...
Greener Shipping Containers – Maersk announced a new policy regarding container flooring. Currently, the shipping industry uses as much as 1.5 million cubic meters of hardwood annually to outfit new containers. Under the new policy, Maersk will only purchase...
Major West Coast Cargo Diversion Called ‘Unlikely’ – After the Panama Canal expansion scheduled for 2014, many have seen the East and Gulf Coast ports taking a large share of cargo that traditionally arrived in Los Angeles, Long Beach and other West Coast ports. ...
Pollution Declines at Port of Los Angeles – Elemental carbon levels at the Port of Los Angeles have fallen by 55% since 2006. This measurement is seen as a key indicator of diesel fuel pollution and the improvement is attributed to the Clean Air Action Plan measures...
Chassis Updates – Many major ocean carriers will no longer be providing chassis for intermodal transportation. Steamship lines have announced varying schedules for ceasing the 55 year old practice. This decision has raised concerns for truckers and the industry in...
Chinese Currency Rises – The renminbi(RMB) rose to its strongest level since 2005, the year China removed the fixed U.S. dollar valuation peg. This is seen by economists as Beijing’s willingness to use appreciation as a tool against rising inflation. However,...
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