Logistics News June 18, 2015

Amazon mulls Uber-type package delivery strategy – Amazon.com, seeing a 31% increase in shipping costs, is reportedly considering package deliveries by “regular folk” as opposed to standard carriers like UPS. The service would be called “On My Way,” and would involved rented storage space and average people delivering with their own vehicles. It’s not a sure thing, however. Read the story here. (Transport Topics)

 

 Intermodal share gains slowing – A survey of shippers shows service issues and rate volatility have shippers slowing down the conversion of truck freight to rail. Two straight quarters show the reverse: cargo shifting from rail to truck. Read more here. (JOC)

 

EU, US, and Chinese shipping regulators agree to joint monitoring of mega-alliances – At a meeting in Brussels, The Federal Maritime Commission, the EC’s Directorate-General for Competition, and the Chinese Ministry of Transport agreed to keep a closer eye on the major containership alliances that now handle 90 of cargo in major global trade lanes. See the story here. (JOC)

 

Fuel prices hold steady, slightly down – Diesel prices average about a penny per gallon less than last week, a dollar below last year’s prices. See the update here. (EIA.gov)

COSCO among firms under new scrutiny by Chinese government for corruption – China’s ongoing anti-corruption campaign has resulted in inspections at state-owned businesses, including COSCO. There’s no word of any specific allegations, but the move could be a shot across the bow to keep executives in line. Read more here. (Reuters Canada)