LATEST NEWS & EVENTS
More investments in freight infrastructure are desperately needed if we are to meet demand!
“The release of the Australian Infrastructure Audit 2019 brings attention to how more targeted investment in freight infrastructure is necessary according to the Australian Logistics Council (ALC).”
To put simply existing investments to date is not enough to meet the exponentially increasing demand for logistics. With freight volumes projected to be 40% more between now and 2040, additional investment in infrastructure will help with lowering cost for the whole freight sector and reduce delays for the end consumer. A greater adoption of technology is also important and noted for the success of Australia’s future freight and logistics infrastructure.
For further details check this interesting article:
The relationship between the United States and Canada continues to thrive to the benefit of both countries.
On the contrary to the new disagreement between China and the United-States, the relation between U.S and Canada remains civil and cooperative on an international stage.
Indeed, in 2018, Canada was the United states’ biggest goods export market. U.S exports to Canada accounted for 18% of overall U.S exports in 2018.
Canada is currently the United States’ second-largest goods trading partner with 617.2 billion in total goods trade during 2018.
The clearance process for businesses that tend to ship goods valued at less than 150$ is faster and less onerous between the two countries.
In term of ‘border security’, there is a friendly and mutual respectful trade relationship between both countries. The stage is set for safe and secure transportation.
China is breaking into Arctic transport through a joint venture between the country’s biggest ocean carrier, Cosco Shipping Holdings Co., and its Russian counterpart PAO Sovcomflot to move natural gas from Siberia to Western and Asian markets.
The state-owned companies will operate a fleet of a dozen ice-breaking liquefied natural gas tankers from Russia’s massive Yamal LNG project along the northern coast of central Siberia to destinations in Northern Europe, Japan, South Korea and China. China Shipping LNG Investment Co., a Cosco unit, will operate another nine such vessels, according to maritime data provider VesselsValue Ltd.
At TGL, we can export/import the shipment you NEED. This is an example of one of our customer’s shipment!
Whatever the size or weight, we offer a customised service!
This load is a big money machine! But this is not a problem for our experts who deal with this type of freight every day.
We are proud to announce the opening of our Office in Ho Chi Minh, Vietnam. This office aims to improve our connections across the globe and improve our international shipping solutions!
All the more so as Vietnam is one of our largest markets. Two new employees working in this new office have joined the TGL team.
Danish shipping giant A.P. Moeller-Maersk AS swung to a first-quarter loss and warned that rising trade tensions between the U.S. and China could cut container growth by up to a third this year.
Maersk’s warning adds to an increasingly bleak outlook for the container shipping industry, which now expects the tariff-filled trans-Pacific dispute to be a significant drag on earnings. Demand for shipping consumer goods, manufacturing parts and other anchors of global trade is waning at the start of the season when retailers typically stock up for the year-end holidays.
Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads.
Freight-matching startups Convoy and Uber Technologies Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and shippers on their networks.
It’s a notable shift for a sector best known for using apps, algorithms and machine learning to match shippers and truckers.
Looming new environmental regulations are triggering sharp divisions in the shipping industry between vessel operators investing billions of dollars to reduce emissions and others who want to stave off the financial impact by simply slowing down ships.
More than 100 shipowners, including some big Greek and German charter businesses, have signed a letter to the International Maritime Organization, an arm of the United Nations that works as the global marine regulator, calling for slower sailing speeds to cut greenhouse gas emissions.
If adopted, the measure could ripple across international supply chains, with products taking more time to be delivered and cargo owners paying more for transport costs because of the longer sailings.
The Australian investment group’s purchase of a multiyear concession to run the Long Beach Container Terminal in Southern California comes with a guarantee from the seller, Hong Kong-based shipping and ports operator Orient Overseas International Ltd. , that the facility will generate $9 billion in revenue over 20 years.
Macquarie paid $1.78 billion to run LBCT until 2051 under a sale that was triggered by U.S. national security concerns. The site is a major gateway for trans-Pacific container trade crucial to retailers and manufacturers. This place will give Macquarie a kind of bookend for its North American maritime infrastructure portfolio, alongside the Maher Terminals LLC operation at the Port of New York and New Jersey that the group bought in 2016.