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Containerized shipping joins modern financial world with CME futures

Freightos

In 2016 many companies abandoned their fixed-price contracts to avail themselves of the low spot market. Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. But seriously, what does it mean?

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This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

manufacturers re-evaluating their reliance on China. manufacturers re-evaluating their reliance on China. Walmart added new functionality that lets sellers purchase shipping labels for domestic orders on its marketplace. Ship with Walmart (SWW) was previously available only for cross-border orders.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

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). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.

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This Week in Logistics News (July 4-8, 2016)

Talking Logistics

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).

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[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

As a logistics service provider, focusing on over-the-road surface transportation management solutions via technology and managed transportation services, we find the following information on the history of shipping containers of great significance to the logistics and supply chain community at large. Readers' choice! Significance.

Shipping 120
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The History of the Shipping Container

Freightos

The History of the Shipping Container. 26 April 2016 marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy. But the modern shipping container has changed much more than one industry.

Shipping 120
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Don’t Get Caught Off-Guard: Preparing for July 2016 SOLAS Shipper Mandates

Talking Logistics

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.