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Startup Mexican airline Awesome Cargo, which provides dedicated aircraft and flight service to logistics companies and other customers, has taken delivery of its first fully capable freighter aircraft after operating two light-duty freighters since its inception 18 months ago. which is leasing the plane to Awesome Cargo.
For Maersk, June of 2016 was the breaking point. After a rough 2015, the first half of 2016 was no different. The Post-2016 Strategy: End-to-end Shipping. The September 2016 decision mapped out a clear new direction. Today, 75 to 80% of cargo arrives on time. The Maersk Shift: Where it started.
In 2016, he was recruited to join MacroPoint. In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. During his tenure, they went from $500M to $3B in sales. For that reason, Mark founded Borderless Coverage.
We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trends: The First 7 of 12. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year.
market, and as reported by the Wall Street Journal yesterday: Since the shipping company filed for bankruptcy protection in a Seoul court Wednesday, terminal operators, ports, cargo handlers, truckers and others have refused to handle its cargo, for fear they won’t get paid. Hanjin handles about 7.8 That is causing turmoil at U.S.
Air cargo firms feel the pressure from plunge in freight prices (Reuters). percent between the final quarter of 2015 and the first quarter of 2016 and the International Air Transport Association has lowered its growth forecast for air freight demand in 2016 to 2.1 Sucking robot arm wins Amazon Picking Challenge (BBC).
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week. Cargo theft incidents were up more than 57 percent in 2023 compared with the year prior, according to CargoNet, a Verisk company.
Starting with Miami, this port primarily handles containerized cargo with small amounts of breakbulk, vehicles and industrial equipment. Going up the coast in Jacksonville, FL, there is a huge port that receives the second-most automobiles in the US along with all types of cargo. In 2016, this port handled 1.1 of total U.S.
Amazon’s Prime membership has been available in India since 2016. Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups. They estimate $223 million in cargo was stolen across all theft events in 2022. The average value of cargo stolen in an event was $214,104.
2016 was an incredible year for tech in logistics as companies both large and small are working on some transformative technologies not just for logistics, but for society as a whole. Here’s a few interesting tech advancements in 2016 that were important for the year, but could also point to what’s to come in the near and long-term future.
April 2016 Freight Transportation Services Index (TSI). In Google’s case, the company was issued a patent this week that, as reported in Quartz , “outlines a theoretical strategy for ensuring that autonomous and remote-controlled robots in a warehouse facility aren’t overloaded as they move cargo around the warehouse.”
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.
July 2016 Freight Transportation Services Index (TSI). The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. Cargo owners such as consumer products maker Dorel Industries Inc and the U.S. Top e-retailers deliver the goods faster (Internet Retailer). project44 Raises $10.5M
Future of brokerage: Cargo Chief to bet on pay for time ( Overdrive ). Cass Freight Index Report January 2016. The new business will locate Amazon at the center of a logistics industry that involves not just shippers like FedEx and UPS but also legions of middlemen who handle cargo and paperwork associated with transnational trade.
Cloud Logistics Announces Banner Results For The First Half of 2016. As reported by The Seattle Times , “Amazon will fly its latest Boeing 767 widebody jet freighter, publicly revealing the new ‘Prime Air’ branded livery of its fast-growing fleet of used cargo planes” at today’s Seafair aerial display over Lake Washington near Seattle.
Real-time listening algorithms conduct searches around port strikes, cargo theft, driver safety, traffic, cargo ship locations, port congestion, airport closures, severe weather alerts, earthquakes, and more in order to provide a holistic view of current and forecasted global threats to supply chains.
Robinson announced that it opened “a new state of the art certified cargo screening facility (CCSF) in Carson, CA.” Once cargo is screened, it can be quickly transferred to or from the airlines.” The post This Week in Logistics News (January 25-29, 2016) appeared first on Talking Logistics with Adrian Gonzalez.
In this situation, an autonomous vehicle brings a package to a customer’s house, whereupon the customer enters a code and retrieves the package from a cargo hold. Udelv’s delivery bot is a multi-stop electric delivery vehicle which features a self-contained, swappable modular cargo pod called the uPod.
For the past few months, there’s been a lot of angst and confusion over the Safety of Life at Sea (SOLAS) regulation, which is scheduled to go into effect in just a couple of weeks on July 1, 2016. law [as] a simple and efficient solution for assuring the continued smooth flow of export cargoes.”
The International Maritime Organization’s (IMO) new requirements go into effect on July 1, 2016, stating that all packed containers must have verified gross mass weights reported to the carrier and terminal before loading. Shippers, beneficial cargo owners or non-vessel-operating common carriers (NVOCCs) are responsible for verifying weights.
According to the cargo theft prevention firm CargoNet, reports of theft, fraud, and other kinds of criminal activity in the supply chain rose 41 percent in the first 20 weeks of 2023 compared to last year, reaching 900 incidents. manufacturers re-evaluating their reliance on China. billion.
“There are no sacred cows here,” said Chris Timmer, Chief Commercial Officer at LeanLogistics (a Talking Logistics sponsor) in his opening remarks at the company’s ClientConnect 2016 conference last week. Later this year, the company will formally roll out LeanParcel, with rail and air cargo capabilities on the roadmap too.
Trade in 2016 to grow at slowest pace since the financial crisis. based freight fowarder, has started using blockchain to create real-time digital ledgers of shipping data for use by port officials, cargo owners and others along global supply chains,” according to an article in the Wall Street Journal.
Amazon partners with Atlas Air Worldwide for cargo services (MarketWatch). XPO Logistics Announces First Quarter 2016 Results. If 2015 was the year of 3PL mega-deals , will 2016 be the year of TMS acquisitions? The post This Week in Logistics News (May 2-6, 2016) appeared first on Talking Logistics with Adrian Gonzalez.
In 2016, there were 346 attacks in just one year — that’s an 8.5% In 2016, supply chain terrorism attacks were more widely distributed than in any previous year, with 38% more countries suffering attacks. This year’s report focused on the continual rise in terrorist attacks and how it will continue to affect the supply chain.
What do you get when you combine an electric van with a fully automated cargo space, drones, joystick control, and cloud-based algorithms to control order picking, the loading of packages, the automated cargo space, and route planning for the vehicle and delivery drones? DOT pushing slower truck speed limits (The Hill).
They picked up the World Air Cargo award ‘Best IT for the Industry’ category, the last two years running. 2016 is indeed the year freight goes online. WebCargoNet also recently received ISO 27001:2013 accreditation for data security, providing assurance at the highest level for system users and end customers alike.
A version of this article originally appeared in The Journal of Commerce (August 6, 2016). DHL seeded its empire by moving ocean documentation faster than cargo ships. And while air cargo is a bit more advanced, only 37% of air shipments use electronic air waybills. Technology and Culture. Zvi Schreiber | CEO, Freightos.
I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. One goal, two different motivations.
Between 2016 and 2019, Amazon converted around 25 shopping malls into distribution centers. South Carolina Ports turned in its best cargo-handling performance in history in March, and the volume was 34 percent higher year-over-year. That begs the question – what is going to happen to empty storefronts and America’s malls?
Since its July 2016 launch, the Freightos Marketplace has grown exponentially, with a 600% increase in orders in the first six months, a 100% growth in Q1 2017 orders over Q4 2016, over 10,000 registered users, and dozens of sellers, including top twenty global freight forwarders. . . Jonathan Pulitzer.
You’ll have a different experience at the Quintiq World Tour 2016 in Frankfurt with best practice presentations from speakers from diverse backgrounds including manufacturing, metals, logistics and rail. Get a fresh perspective at the Quintiq World Tour 2016 in Frankfurt. Why are yesterday’s benchmarks no longer useful?
Amazon is even entering the transportation space, signing agreements with the Air Transport Services Group and the Chinese government to enter into the freight cargo business – effectively cutting out the middleman.
Spot freight availability was 74 percent higher than in September 2016. per mile, 19 cents higher than in August and 35 cents higher than in September 2016. Hypleroop One is rebranding itself as Virgin Hyperloop One, and Branson is joining the board…Virgin Hyperloop One will focus on a passenger and mixed-use cargo service.
Amazon expands logistics reach with move into ocean shipping (Reuters – Jan 2016). Amazon to compete with Fedex, UPS and Alibaba with secret ‘Dragon Boat’ plan, report says (GeekWire – Feb 2016). Amazon Partners with Atlas Air Worldwide for Cargo Services (WSJ – May 2016). 3 million sellers].
As 2016 comes to a close, we would like to look back at the most notable events that EcoVadis had the privilege of taking part in this year throughout the US, and summarize key topics, standout speakers, and other notes of interest from the year. 2016 US BCSD-WBCSD-Yale University: Pathways to Impact (New Haven, CT).
How technology in logistics grew throughout 2016 is not limited to the technology that delivers products or enables better, faster picking processes. Radio frequency identification (RFID) tags were expected to become commonplace among individual shipments in 2016. IoT-enabled devices grew even more in 2016 than anyone expected.
Over the past year, there have been several big deals in the TMS market, such as Summit Partners acquiring MercuryGate and E2open acquiring Cloud Logistics.
Still, if you had ocean freight in 2016, the memory of the bankruptcy of the Hanjin shipping line may linger in your mind. In light of what happened, some companies still look at carriers’ financials and try to avoid putting cargo on carriers that might be at risk. The bankruptcy certainly put some shippers in a difficult spot.
The industry had a very clear objective for the next decade: Keep costs low Stay lean Remain efficient Due to this slow and steady approach, the logistics industry was able to keep margins stable even when it faced overcapacity in 2016—which is interesting to note as today, challenges revolve around container shortage and port congestions.
In this week’s supply chain and logistics news… Amazon in talks to lease 20 jets to launch air-cargo business (The Seattle Times). A cargo-industry source said Amazon expects to make a decision to go beyond the trial run and pull the trigger on a larger air-cargo operation by the end of January. “I Baird & Co.
Hong Kong, July 26th 2016) – Freightos , a pioneer of the LogTech (logistics technology) sector, today announced the launch of the world’s first online marketplace for international freight, providing instant comparison, booking, and management of freight services from multiple logistics providers. Annual Imports.
From the Panama Canal expansion to the continuous advancement of disruptive technologies, 2016 was another eventful year in the global logistics and supply chain industry. As we kick off the new year, here’s a quick look at our top three blog posts from 2016. East and West Coast ports. This post is credited to Kylie Crull.
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