article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Soft demand in Europe and the US led to an overall decline of 7.5 The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. percent year-on-year decline in cargo revenues in 2023 to $1.5bn.

article thumbnail

Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The sub-text of this report is that much of the cargo that has been planned for either back-to-school, fall, and holiday related fulfillment is either in-transit or mostly already arrived at warehouses. A container shipment from China to Europe is down 42 percent. Added Perspectives.

Report 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Molex Prizes Agility

Logistics Viewpoints

The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. The planners could choose to switch cargo from a slow-moving ship to air, for example.

article thumbnail

The Endless Complexities of the Ocean side of Supply Chains

SCMDOJO

The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. With AI in forecasting, not only is the number of full containers clearer, but an estimation of available empty containers is also procured.

article thumbnail

How procurement can help businesses beat inflation

Proxima

Most forecasts suggest it will keep rising. This has been exacerbated by the recent blockage of the Suez Canal by The Ever Given cargo ship. Inflation is on the rise. In March, it almost doubled on the month before. What is driving inflation? Identify efficiency gains in your supply chain.

article thumbnail

FedEx’s Sudden Financial Miss- What Are the Implications?

Supply Chain Matters

One equity investment firm indicated that the shortfall in operating income for Express business was over 75 percent lower than forecasted. A further factor was that air cargo rates are now down upwards of 80 percent because of lower volumes and excess capacity among carriers and commercial airlines. Added Perspectives.

article thumbnail

When it Comes to Ocean Shipping, We Have to See Beyond Today’s Squalls and Plan for the Long Term

Logistics Viewpoints

It was recently reported that one of the world’s biggest container logistics companies, Maersk, will only handle cargo from direct shippers, cutting out freight forwarders. Insist on state-of-the art forecasting and decision tools. The third new reality: Consolidation is inevitable.