article thumbnail

The History of the Shipping Container

Freightos

For centuries the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight. Did You Know That … It wasn’t just about freight. Container Regulation. International Economy.

Shipping 120
article thumbnail

[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. For centuries, the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight.

Shipping 120
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Potential Impact on Shipping of a Global Recession

Intelligent Audit

According to the company, the recession will be deep and far-reaching “with Covid-19 spreading in Europe and the US after hitting Asia, the disruptions and dislocations in the economy and markets will trigger a [year over year] contraction in global growth in [the first half of 2020].”. What Happens to Shipping.

article thumbnail

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

Natural gas and oil expenses contribute to extreme cost disparities in shipping from Asia to the U.S., Transportation and freight costs are reduced. Overall, from 2001 to 2008 average Asian wages increased 7.1-7.8%, Premium freight capacity improves. energy costs have dropped. Competing against knock-offs is reduced.

article thumbnail

This Week in Logistics News (April 29 – May 5)

Logistics Viewpoints

But I also found it interesting that Dick Morley , the father of the PLC (programmable logic controllers to you non-geeks), organized geek pride days in New Hampshire as early as 2001. million in extra freight charges, along with additional costs and lost profits. Why do I find this interesting?

article thumbnail

Spire and Gravity Supply Chain solutions helping restore flow of goods

Gravity Supply Chain

Most of the container traffic flows across the Pacific Ocean or between Europe and Asia. The pinnacle of this development was the formalizing of diplomatic relations between China and the United States in 1979, which laid the groundwork for China’s joining the World Trade Organization (WTO) in 2001.

article thumbnail

Supply chains remain wonky… and will continue that way for awhile (Jason Miller blog part 4)

NC State SCRC

Freight demand and rates are escalating. Freight rates are going crazy…and this is really hard to comprehend: the producer price index for all types of freight transportation arrangement (TL brokerage, LTL brokerage, intermodal marketing companies, ocean freight forwarders, air freight forwarders, etc.)