This paper proposes a bivariate long term fuzzy inference system for time series forecasting task in the field of freight market. Fuzzy time series methods are applied by many scholars and it is broadly accepted pattern recognition and forecasting tool. Previous studies mainly establish algorithms for high frequency time series data such as daily and monthly intervals. The proposed model perfor…
APL is currently ranked the 12th larg es t containers hip operator g lobally by French cons ultancy Alphaliner. The container s hipping brand of Sing apore-bas ed Neptune Orient Lines (NOL) operates 9 0 ves s els . NOL was formed in 19 6 8 and as s umed its current form in 19 9 7 by merg ing with American Pres ident Lines (APL). NOL is the holding company lis ted on the Sing apore Stock Exchang…
Inland waterways play a much greater role in inland freight carrying in the United Kingdom than is generally realised. The purpose of this article is to show the extent of the underestimation of water transport and to outline the potential for future development and the problems which will have to be overcome to realise that potential.
Over the last 3 years, research carried out by Cardiff University has studied the opportunities to integrate freight transport better into supply chains. The paper stems from this work. After asserting the principal reasons why better transport integration is important, it charts a range of diagnostic tools that were deployed. The tools represent a menu of instruments that aim to aid understand…
The Port Project Examination Audit Techniques Guide is the product of Group 1304 in the Houston District of the Irs. As of December 1992, the group had explored, evaluated, and examined various related industries of the Port of Houston for a year. This information package represents a summary of their findings. This package is by no means all inclusive, but is meant to assist the examiner in au…
The Practitioner's Definitive Guide: Multimodal Transport is specifically written for freight forwarding personnel and those joining the industry, and also serves as a useful guide to anyone who needs to arrange transport for shipments. It provides comprehensive information on current practices, along with real-life case studies to illustrate actual fie…
On ship-tracking Web sites, the waters are black with dots. Each dot is a ship; each ship is laden with boxes; each box is laden with goods. In postindustrial economies, we no longer produce but buy, and so we must ship. Without shipping there would be no clothes, food, paper, or fuel. Without all those dots, the world would not work. Yet freight shipping is all but invisible. Away from publ…
The purpose of this paper is to look into the fate of a troubled initiative in Hong Kong that was developed in the midst of discussions between Beijing and London leading towards the 1997 handover. It sets out to shred new light on the “forecasting gap”: the gap between the anticipated level of traffic and the real volume of traffic in the years following the opening of a new infrastructure
International containerized freight movement is a vital part of the supply chain for many companies, anda critical element of moving consumer goods to points of retail sale within the U.S. Containerized imports also present a clear security concern (e.g., terrorists attempting to ship “dirty bombs,” chemical, biological or even nuclear weapons, into the U.S. in a shipping container). The go…
To be competitive with other modes of transport, railways need to be cost-effective. In order to become more competitive in the logistics sector, Indian Railways has taken new initiatives to improve their operations in recent years. A rail–truck intermodal transportation service for Indian Railways is described in this paper. The main focus of the research presented in this paper is on the jo…
The paper outlines the results of research aimed at developing an efficient simulation modelling capability for seaports and inland freight terminals. By providing the domain-oriented process of simulation modelling with a uniform and coherent methodological basis and integrating it with artificial intelligence concepts, it was possible to construct a powerful tool-TRANSNODE. This is a decision…
This paper proposes to establish a long term shipping freight index for dry cargo transportation and investigates its particulars among the cyclic fluctuations. Many scholars investigated dry cargo shipping markets and some of them attempted to construct a composite index of freight rates. Although, several critiques are indicated about the method of composition, these indices depicted long ter…
Rail has increased its share of the British freight market in the past decade. One particular growth market has been intermodal traffic, where consignments are carried in unit loads (i.e. containers and swap bodies): these accounted for one-fifth of rail freight volumes in 2006/07. In this paper, the key trends are identified, considering both port and domestic services. A critical component of…
The paper challenges the conventional view that the movement of goods through supply chains must continue to accelerate. The compression of freight transit times has been one of the most enduring logistics trends but may not be compatible with governmental climate change policies to cut greenhouse gas emissions by 60–80% by 2050. Opportunities for cutting CO2 emissions by ‘despeeding’ are…
The global freight distribution system has been impacted by convergence in terms of technology, infrastructure, modes and terminals. Still, in spite of strong converging forces, it can be argued that logistical practices are far from being uniform. This paper analyses the regionalism in freight transport systems by providing a comparative analysis of gateway logistics practices in North America…
This paper presents a dynamic programming algorithm to draw optimal intermodal freight routing with regard to international logistics of container cargo for export and import. This study looks into the characteristics of intermodal transport using multi-modes, and presents aWeighted Constrained Shortest Path Problem (WCSPP) model. This study draws Pareto optimal solutions that can simultaneousl…
The world bulk shipping market has been in a peak period since 2003, and this has lasted an incredibly long time considering that the markets are much more complex than before. This paper investigates the characteristics of volatility in dry bulk freight rates of different vessel sizes (capesize, panamax and handysize). The daily returns of freight rate indices of three different types of bulk …
Inland waterways were the first form of mass inland transport to be developed in the UK. In medieval times, rivers formed the main transport arteries of the interior of the country. The only alternative for the movement of goods in substantial quantities was sea transport. Roads were in a rudimentary state and, except over short distances, costs were high.
In his book of 1979, Marvin Manheim put the interrelationship between the transportation system of a region and the socioeconomic system at the heart of transportation systems analysis: ‘The transportation system of a region is tightly interrelated with the socioeconomic system. y This interrelationship is fundamental to our view of transportation systems analysis’ (Manheim, 1979, p. 12). T…
BMI View: In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external in…
Seaports have traditionally been the focus of maritime logistics supply chains. Changing production patterns demanding greater end to end visibility by customers and accessibility to key inland population centers assume greater importance in the organization and design of transport resources and cargo flows.While synchronization of all aspects of the supply chain has become an operational neces…
Containerized freight imports into the US are growing at an average of 10% per year. This traffic is concentrated at a small number of US seaports. It is therefore important to have an accurate understanding of the flow of containers from their origin country through these seaports to their final destination. This paper develops an optimization model to estimate route flows and a corresponding …
The paper presents tendency analysis for advanced technologies. Advanced technologies – is an area having different acceptability and local adaptation levels in different countries, thus it is particularly important to be acquainted with its application possibilities and techniques. Contributing to a more efficient use of existing transport infrastructure, AT becomes a powerful tool in improv…
This paper demonstrates that the structure of ocean container freight rates has become more complex. A growing number of surcharges are being imposed by the carriers on their customers, surcharges that are not only adding significant extra costs but are highly variable over time. These elements are examined based on a data set on export rates from ports on the Northern European Range that have …
The objective of this paper is to explore how container freight rates vary globally and regionally and over time. This is achieved in part by considering freight rates as a measure of economic distance. Unlike absolute distance, which is invariant between locations, economic distance is a relative measure, but like absolute distance it can be mapped. In this paper, the geographical distribution…
The purpose of this paper is to present a parametric model to assess the impacts of information and communication technology (ICT) applications on company freight transportation processes (i.e. “company” perspective). The aim is to support both internal monitoring procedures and the decision-making process of ICT adoption, as well as increase managers’ awareness of these solutions in impr…
The purpose of this paper is to examine how the type of logistics services required by firms is related to the freight characteristics, and to the cost and other dimensions of the services in Mexico.
The purpose of this paper is to examine how the type of logistics services required by firms is related to the freight characteristics, and to the cost and other dimensions of the services in Mexico
The impact of transportation on the supplier selection has received very scant attention in the literature. This is a great limitation because splitting orders across multiple suppliers will lead to smaller transportation quantities which will likely imply larger transportation cost. Moreover, transportation and inventory elements are highly interrelated and contribute most to the total logisti…
We have trimmed back our growth forecast for the Indonesian economy this year, as global and Asian regional growth rates come down, reducing demand for the country's exports. We still believe that the country has solid domestic fundamentals which, to some extent, protect it from the gloomier outside climate. These include strong consumer spending and growing investment in infrastructure. Rising…
We are expecting s lig htly fas ter g rowth at Tanjung Priok in 20 15. In recent years the facility has been benefiting from rapid g rowth on the back of the country's s trong macroeconomic picture. While this g rowth has been pos itive for the port in terms of driving up throug hput, demand has outpaced development and Tanjung Priok is already operating at above its ins talled capacity level. …
Indones ia is the world's larg es t archipelag o, with a s urface area of 1.9 2mn km and a population of 234 .8mn (20 0 3). Es s entially a collection of over 17,0 0 0 is lands , of which 6 ,0 0 0 are inhabited, it s hares land borders with Eas t Timor, Malays ia and Papua New Guinea. The country is located in a s trateg ically important area, along major s ea lanes linking the Indian and Pacif…
Maers k Line is the main container s hipping unit of hig hly divers ified s hipping and energ y cong lomerate AP Moller-Maers k Group. The g roup's other box s hipping s ubs idiaries and brands are MCC Trans port, which operates its intra-As ia route network, Safmarine, which trans ports boxes to and from Africa and the Middle Eas t, Mercos ul (Brazil), intra-Europe carrier Seag o Line and intr…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE). The company's his tory dates back to February 1989 , when it was lis ted on the AMEX and NASDAQ under the name B+H Maritime Carriers . In October 19…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE).
Corporate governance is an area of interest to researchers, stakeholders and the general public. In recent times, there has been an increased concern about the effectiveness of the board within corporate organizations due to corporate scandals and accounting irregularities of some well known firms, which highlighted the inefficiency of monitoring corporate boards and the overseeing of manage…
With dry bulk rates remaining depres s ed and concerns g rowing about a pos s ible fall-off in Chines e demand for imports of coal and iron ore, BMI's view on the dry bulk s ector remains bearis h. The s ector remains hig hly dependent on Chines e demand, as demons trated by the fact that the Baltic Dry Index reacheda 25-year low in February when China s topped importing dry bulk g oods during …
Our freight transport forecast for 2015 shows cargo volume growth will continue at a similar pace to 2014. Both GDP and foreign trade expansion will support the freight sector. In the medium to longer term we continue to think that the key to sustainable growth is investment in port infrastructure, including road and rail links in the hinterland areas. We are encouraged to see that the new gove…
In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external investment i…
In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external investment i…
After a slowdown in Asian trade in 2015, Indonesia's trade sector is set to return to growth in 2016 and will strengthen over the medium term. All major commodities exports and imports are expected to return to positive growth and with it, Indonesia's freight transport modes will benefit. Rail and air freight will, in particular, see marked growth as a result of state and external investment in…
After a slowdown in Asian trade in 2015, Indonesia's trade sector is set to return to growth in 2016 and will strengthen over the medium term. All major commodities exports and imports are expected to return to positive growth and with it, Indonesia's freight transport modes will benefit. Rail and air freight will, in particular, see marked growth as a result of state and external investment in…