-
The booming shipping network
Click to see full six-pages graphic
Not since 1956, when a North Carolina truck driver named Malcom McLean created a standard-size container for cargo, has global shipping seen such radical change. Carriers are bigger than ever, ports are becoming automated, and routes are shifting. The volume of goods that move between ports in Asia now accounts for 13% of all seaborne trade, up nearly a third from a decade ago. Routes through the ice-free far north now beckon. While global shipping volumes rose 6.2% in 2011 and port operators were profitable, owners of container ships were hit hard by overcapacity and falling cargo rates. In the latest issue of Fortune magazine..
-
Can the USPS recover?
The more we pay our bills online and send e-cards, the more it hurts The U.S. Postal service, which last fiscal year lost $5.1 billion. Now it must cut some $20 billion. Here’s how the USPS plans to do it. In the latest Fortune issue.
