Logistics Management - October 2011

More documents

Recommendations

Info

If you wantto keep up,you bettertake giantsteps.Through these uncertain times, we’restaying focused on billions of dollars insmart upgrades. Why? Like the oceancarriers ordering bigger ships and shippersbuilding giant distribution centers, we knowthat tomorrow’s success depends on biginvestments today. We’re not just aheadof other ports, we’re staying anenormousleap ahead.©2011Port of Long BeachThe future is BIG.www.polb.com/trade
Special Report: Top 30 Ocean CarriersA special supplement to logistics managementGraphic captionAsset-based carriers face new competitionThere’s an old joke still circulatingin the commercial maritimecommunity. It goes like this:“It’s easy to end up with a milliondollars by the time you retire from thisindustry. But first you have to invest10 million.”This is not necessarily the case fornon-asset-based middlemen, however.The Federal Maritime Commissionhad lifted the rate-tariff publicationrequirements for Non-Vessel-OperatingCommon Carriers (NVOCCs) earlier thisyear, thereby reducing regulatory burdensand bringing cost savings and flexibilityto the ocean cargo marketplace.The Shipping Act gives the Commissionauthority to grant exemptionsfrom its requirements if doing so willnot result in substantial reduction incompetition or detriment to commerce.According to comments filedwith the Commission, this actioncould save each of these businessesup to $200,000 per year.The final rule establishes aninstrument called a negotiated ratearrangement. Licensed NVOCCs whoenter into negotiated rate arrangementswith their customers will beexempted from the requirement ofpublishing their rates in tariffs if theymeet the following conditions:• NVOCCs would continue to publishrules tariffs containing terms andconditions governing shipments.• NVOCCs would be required toprovide those rules to the public freeof charge.• Rates charged by NVOCCs mustbe agreed to and memorialized inwriting by the date cargo is receivedfor shipment.• NVOCCs must retain documentationof the agreed rate for a periodof five years, and must make thatdocumentation available promptly tothe Commission upon request.“After a year of work and manyyears of debate, the Commission hasprovided thousands of dollars peryear in cost savings to these criticalU.S. supply chain businesses and thehundreds of thousands of exportersand importers they serve,” says FMCChairman Richard A. Lidinsky, Jr.—Patrick Burnson,Executive Editorrialize, and that resulted in continueddescending rates on most trading lanes,”says BIMCO’s Peter Sand.Oversupply in the main routes is thereason behind the weak freight rates. Theidle fleet of container ships now stands at84 vessels, with a total cargo capacity ofjust 185,000 twenty-foot equivalent units(TEUs), the lowest level since November2008. At the peak in January 2010, 1.5million TEUs were idle.“Severe overcapacity is poison toany freight market, as rates continueto decline even though volumes aregrowing fast…but not enough,” saysSand. “Cascading remains a part of thegame. It gives little comfort that freightrates on minor intra-Asian routes have60S October 2011 • Logistics Management
Page 1 and 2:
OCTOBER 2011WWW.LOGISTICSMGMT.COM®
Page 3 and 4:
Copyright © 2011 United Parcel Ser
Page 5 and 6:
SafeStack . Only from Con-way Frei
Page 7 and 8:
Why the best ocean carrier in the C
Page 9 and 10:
International shipping solutionscus
Page 11 and 12: WE ARE:1237 1313 2313 410731234461T
Page 13 and 14: 12840-4-8(2001 = 100)14013513012512
Page 16 and 17: inside• Trucking freight rate pre
Page 18 and 19: year in August. Now, August 2010was
Page 20 and 21: has closed 186 facilities,removed m
Page 22 and 23: Introducing Time-Critical Service,
Page 24 and 25: Introducing Time-Critical Service,
Page 26 and 27: Andreoli onbubble had grown well be
Page 28 and 29: Bill Stover (left), director of sup
Page 30 and 31: You Don’t Need Super Powers to Ma
Page 32 and 33: By using a “false” bulkhead at
Page 34 and 35: YOU NEED A TRUCK THAT GIVESYOU MORE
Page 36 and 37: that the TMS is “broken” and no
Page 38 and 39: AUGUST 2010WWW.LOGISTICSMGMT.COM27
Page 40 and 41: View of cargo containersat Hong Kon
Page 42 and 43: Global Logistics: China Updateinfra
Page 44 and 45: I ntE rmoD a L&exP otranscompexhibi
Page 46 and 47: is evolving1Automating lift trucks.
Page 48 and 49: SAVESPOWER.CREATESPOWER.ECO-PERFORM
Page 50 and 51: The big names in transportation wil
Page 52 and 53: A special supplement to logistics m
Page 54 and 55: If it were easy,everyonewould do it
Page 56 and 57: A SPECIAL SUPPLEMENT TO:Special Rep
Page 58 and 59: HATChinaice cHesTItalyneon signHong
Page 60 and 61: At HMM ‘Green’ is not Just aCol
Page 65 and 66: Special Report: Top 30 Ocean Carrie
Page 67 and 68: Evaluating and recognizing carrierp
Page 69: TMS THATDELIVERSWelcome to the most
show all

Logistics Management - October 2011

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?