Ch Robinson News

Maersk and CMA CGM, two of the world's largest shipping firms, will impose extra charges after deciding to re-route ships following attacks on vessels in the Red Sea, as worries about the disruption to global trade grow.The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez Canal, will add to rising costs for sea transport since Yemen's Houthi militant group started targeting vessels.Maersk and CMA CGM are among leading shipping lines to have suspended the passage of vessels through the Red Sea that connects with the key Suez Canal…

The U.S. Transportation Department (USDOT) said on Wednesday a supply chain pilot data-sharing project aimed at easing bottlenecks at congested U.S. ports has begun exchanging data and doubled in size.USDOT announced the planned project in March with truckers, shippers, wholesalers, retailers and ports "to develop a digital tool that gives companies information on the condition of a node or region in the supply chain."The effort known as the Freight Logistics Optimization Works (FLOW) program included 18 initial participants including FedEx…

Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s A.P. Moller-Maersk and Germany’s Hapag-Lloyd are riding a record valuation wave thanks to a year of sky-high container rates. Gobbling up land-based logistics rivals would be one use for the cash burning a hole in their pockets. It would also serve as a handy buffer against future supply-chain crunches.Pandemic upheaval has benefitted the shipping industry. Government support, such as checks mailed out to U.S. households, fueled a consumer spending spree. Freight rates have soared.

Global intermodal freight transportation Industry is estimated to grow at a CAGR of 7.5% from 2018 to 2025 to reach USD 72.51 Billion.Last year (2018), the intermodal freight transportation Industry was valued at USD 43.70 Billion, said a report from the Global Reports Store. Intermodal Freight transportation consist two modes of freight including rail and truck which is used in applications such as containerization of freight and passenger transportation.The intermodal process usually begins with a container moved by a truck to a rail, then back to a truck to complete the process.There are about more than 50 million containers moved in United States…

A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration”  held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended. The event which saw good response from WISTA members was orchestrated by WISTA Jt. Secretary Sumeet Sahi. The speaker for the event was Shri T V Shanbhag, Ex- Chief Controller of Chartering, Government of India, a very well-known and respected personality in the shipping industry. Sumeet Sahi welcomed all present and spoke about her attending an arbritration there Mr.Shanbhag was the arbritrator and how she was impressed by his wealth of knowledge as well as his down to earth nature. WISTA President, Sanjam Sahi Gupta spoke about WISTA and the benefits of being a WISTA member.

Following the Panama Canal expansion in 2016, up to 10 percent of container traffic to the U.S. from East Asia could shift from West Coast ports to East Coast ports by 2020, according to new research conducted by The Boston Consulting Group (BCG) and C.H. Robinson. Rerouting that volume is equivalent to building a port roughly double the size of the ports in Savannah and Charleston. The research -- which involved extensive scenario analyses based on differing levels of demand…

The latest report from Ti, Global Transport and Logistics Financial Analysis 2013, reveals the winners and losers in the global logistics industry over what has been a tempestuous six year period. Analyzing the financial accounts of 20 of the world’s largest publicly quoted express and logistics companies, the report tracks company performance in terms of revenues, profitability and other financial ratio indicators over the six years. The report reviews mainstream logistics activities on a combined basis as well as across three individual sectors – contract logistics, freight forwarding and freight and trucking. The report also evaluates the results of parcel operations in a separate section.

C.H. Robinson Worldwide, Inc., one of the world's largest transportation and logistics companies, introduces Navisphere®. The release of Navisphere brings significant improvements to online tools for C.H. Robinson customers. The updates to Navisphere online access include a modernised user interface, streamlined access to business-critical data, and customisation to support customer requirements across global workflows. The platform also allows customers to leverage C.H. Robinson's technology investments and gain access to a centralised network of more than 100,000 supply chain partners without the need to integrate with each provider individually.

C.H. Robinson Worldwide to acquire Phoenix International for $571.5 million in cash & about $63.5 million in newly-issued C.H. Robinson stock. Founded in 1905, C.H. Robinson Worldwide, Inc., is a global provider of multimodal transportation services and logistics solutions, serving over 37,000 customers through a network of 234 offices in North America, Europe, Asia, South America, and Australia. Phoenix,  headquartered in Chicago, Illinois, is a privately-held international freight forwarder. In its most recently completed fiscal year, as of June 30, 2012, Phoenix generated gross revenues of approximately $807 million, net revenues of approximately $161 million and adjusted operating income of approximately $48 million.

C.H. Robinson Worldwide has agreed to acquire Apreo Logistics S.A. (“Apreo”), a leading freight forwarder based in Warsaw, Poland. Founded in June of 2007, Apreo provides truckload services including dry van and temperature controlled and liquid and dry bulk capabilities. To complement their truckload offering, the company also offers additional warehouse, air and ocean services. Apreo has shown significant growth over the past several years, with current gross revenues over $100 million while servicing more than 2,000 customers. The company has over 300 employees in 21 offices in Poland and one office in Germany. “This acquisition expands C.H.

GMATS to expand global supply chain and maritime security curriculum. As a foundation of the Global Maritime and Transportation School's expanding Global Supply Chain and Cargo Security curriculum, the Fundamentals of Importing and Exporting is an essential two-day course that will give the student a basic understanding of importing into and exporting out of the United States. This course is designed to provide an awareness of the many regulations, laws, processes, and principles involved in global trade, and from the perspective of the United States.