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The World’s Shippers Are Earning the Most Money Since 2008

Supply Chain Brain

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

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High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. What’s changed in a year?

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Are Ocean Freight Prices Absolutely Broken?

Freightos

Shipping containers are like scotch. . But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Is ocean freight pricing broken? It starts back in 2008. . It’s hard to predict what demand will be like for products like these ahead of time. And it can be fixed. Enter COVID-19.

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Driving the Mission with Graig Morin

The Logistics of Logistics

His career has varied from working on loading docks to hauling general freight. He has been a truck driver all of his professional life so he also understands the complexities of transport and how important it is to have top drivers handling your freight. Since 1998, Graig has been fully involved in the transportation industry.

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Are Ocean Freight Prices Absolutely Broken?

The Logistics & Supply Chain Management Society

But decisions about how many barrels to produce or how many ships to sail have to be made in advance. Is ocean freight pricing broken? It starts back in 2008. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Enter COVID-19.

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The Grocery & Produce Supply Chain with John Gillespie

The Logistics of Logistics

Starting in 2008, John was in the healthcare industry providing network and security support. In 2020, John returned to the Logistics industry creating an effective IT department at MegaCorp streamlining processes and moving to 100% cloud platform for freight management.

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The Year Ahead with Doug Waggoner

The Logistics of Logistics

Doug Waggoner has served as Chief Executive Officer of Echo Global Logistics since December 2006 and was a Board member from 2008-2021. Prior to joining Echo, Waggoner founded SelecTrans, LLC, a freight management software provider based in Chicago, Illinois. Waggoner served as Chairman of the Board from 2015 until 2021.