- P3, denied: Despite US FMC approval, China rejected the P3 carrier alliance that sought to unite 255 ships from Maersk, CMA CGM and MSC. The carriers, which collectively control 46.7% of the market, failed to prove that the benefits for the industry would outweigh the price domestic Chinese companies would pay.
- The State of Logistics Report: CSCMP released their 25th annual report, showing that in the US, logistics costs accounted for $1.39 trillion in spending, a rise of 2.3%. The report also mentioned train and truck capacity restraints but overcapacity in air and ocean. Head over to the Penske blog to watch the full presentation.
- Trucking along alone: Remember Rolls-Royce’s plan for drone cargo ships? Dutch logistics and technology companies have outlined a plan for self-driving trucks from Rotterdam to Dutch cities in the next five years.
- Have LNG, Will Travel: A new LNG gas station in El Paso, Texas, has completed a full LNG fuel corridor from Los Angeles to Houston. LNG still has a long way to go before it gains more significant national coverage but this is definitely a step in the right direction.
- Google Logistics? Google is slowly increasing its stake in the aerospace sector, with a position in Virgin Galactic. Together with Google Maps, a recent acquisition of a real-time satellite imagery company and more, Google may be gearing up to play a larger role in aerospace, transportation and transportation data.
[yellowbox]Now that you’re caught up, why not see how long it takes the top 15 forwarders around the world to generate a quote. The results may surprise you. [/yellowbox]