Hurricanes cause trucking spot rate spike.
An active hurricane season in the South East and Gulf States has given rise to a heavy increase in trucking spot rates as distribution centers around the area are marked by flooding and high winds. With Hurricane Harvey barely out of Houston, the nation remains fixed on the assessment of damages in Miami as Irma… Read more »
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A quick guide to commercial invoices
The commercial invoice (CI) is the record of a sales transaction and a crucial part of any import/export shipment. In a transaction, these documents record the buyer and seller’s information, detailed descriptions and quantities, trade terms, price, reference marks regarding the packaging and contents, payment arrangements, and the signature of the exporter that are agreed… Read more »
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Cosco buys OOCL for $6.3bn
On July 9th, state owned Cosco Shipping Holdings agreed to pay $6.3bn for OOCL, becoming the latest, and expected to be final, consolidation of shipping lines this year. Pending regulatory approval, Cosco would become the third largest shipping line with over 400 ships with a capacity of 2.9 million TEUs. In the deal, OOCL would… Read more »
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Three things we can learn from the Maersk cyber attack
Last week, the malware Petya infected computers worldwide in a cyberattack, including the diversified Danish giant Maersk, owners of the largest shipping line in the world. In addition to several other industries, Maersk also owns the global terminal operator APM Terminals, and they were affected by Petya as well. In an update issued to customers yesterday,… Read more »
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Everglory Logistics acquires Dey Cargo Corp.
Dey Cargo adds complementary strength in project cargo, new global markets for Everglory customers. Everglory Logistics today announces our acquisition of Dey Cargo, an Atlanta-based freight forwarder. Dey Cargo provides traditional air and sea freight services that will join forces with Everglory’s market strength in the far east offering a wider global portfolio to importers and exporters…. Read more »
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Our Office in Ningbo
In an effort to expand our reach and coverage to better serve our customers, Everglory Logistics is thrilled to discuss our recently acquired Ningbo office. With 3500 square feet of space and a highly trained 35 person staff of logistics professionals, we find that this location will offer more opportunities in China and Asia… Read more »
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ILA threatens shutdown over unfair labor practices
On Tuesday, a press release from the International Longshoremen Association (ILA), delivered via Sheinkopf Communications, called for a shutdown of ports along the Atlantic and Gulf Coasts, a march in Washington and strike to protest job losses and highlight the hiring practices in some of the nation’s ports that purposely reduce the numbers of dockworkers,… Read more »
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Everglory’s January newsletter is published.
We are pleased to wish everyone a very Happy Year of the Rooster and present our first newsletter of 2017. In this newsletter we present a number of topics including: A letter from our Vice President, Ray Mui. An analysis of what withdrawing from the TPP can mean for American importers and exporters. An introduction… Read more »
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Meet Everglory’s China partner, Everlink.
Everglory Logistics has a strong presence in the United States and manages the country through our three offices in Los Angeles, Chicago and our corporate headquarters in Boston. From these three locations, we effectively cover the West Coast, Midwest and East Coasts of the United States. Key to our success is choosing the right overseas… Read more »
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President-elect Donald Trump on trade
With the election of Donald J. Trump, the trade industry experienced a bit of a shake up, considering the heated rhetoric of the campaign trail. Though there were incendiary comments that could shake our industry to the core, the map of plans being released show that most forward progression will be business as usual, with… Read more »
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