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Jake Hoffman and Joe Lynch discuss the container payment portal and the rise of AI in freight. Jake is the Chief Technology Officer of Gnosis Freight, a logistics tech company focused on the lifecycle of a shipping container as it moves around the world.
Lionel van der Walt and Joe Lynch discuss revolutionizing freight forwarding using tech, which is exactly what Raft.ai cargo subsidiary. About Raft Raft is the intelligent logistics platform that’s rewriting the technology playbook for freight forwarders and customs brokers in the automation era. IATA’s U.S.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. Mark expanded MacroPoint’s visibility technology into Mexico and got MacroPoint into shipper markets which enabled its acquisition by Descartes in 2017 for $107 Million.
International cross-border e-commerce is typically transported by air cargo. However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Whereas Alibaba’s service offers cargo that can be shipped to any warehouse or store.
As a disclaimer, WebCargo , a Freightos Group company, does offers digital services to global forwarders and carriers, including online sales portals, digital eBooking, multimodal rate management and the Freightos.com freight marketplace. . The Freight Game of Thrones. Today, 75 to 80% of cargo arrives on time.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. And now on to this week’s logistics news. The report, which analyzed 8.4
In 1995 airlines via online travel marketplaces started selling tickets directly to consumers online and by 2017, 83% of US travellers were using digital channels to book their trips. While the air passenger industry has a solid tech foundation, air cargo does not. Lufthansa Cargo chief commercial officer Alexis von Hoensbroech.
When terminals cannot move cargo, the costs can escalate quickly. When shipping giant Maersk fell victim to NotPetya malware in 2017, the costs were estimated at between $200 and $300 million. Should we call the Maersk attack an OT-level attack or an IT-level attack?
Amazon reported its Q2 2017 results yesterday. Moving on, here’s the rest of this week’s supply chain and logistics news: Freight-Booking Startup Convoy Raises $62 Million (WSJ – sub. Norway Takes Lead in Race to Build Autonomous Cargo Ships (WSJ – sub. Ryder Reports Second Quarter 2017 Results. View Results.
Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. Strong Software Bookings Growth Highlights First Half 2017 Results for JDA. TSA reviewing cargo screening, concerned about terror vulnerabilities (CNN). Port Houston Container Terminals to Resume Operations Friday (WSJ – sub.
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
Round extension led by GE Ventures, after 600% order growth in six months following the Freightos Marketplace launch and adoption of Freightos software by 1,000 freight forwarders. In August 2016, Freightos acquired WebCargoNet , a Barcelona-based technology provider of air cargo rate management and eBookings. Jonathan Pulitzer.
Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. All of this will cause a tightening of space for ocean freight shipping. Regular disruptors. Golden Week.
What we (Transportation Workers) Need is Not Personal, It’s Economical & Common Sense…It’s Way More than “Complaining” When asked, “What We Need,” many manufacturers will understand the reasons why logistics and freight haulers say they require attention to road and freeway conditions. Wide shoulders.
Nicole navigated through a series of pivotal operational roles within major transportation brokerage companies, immersing herself in the intricate nuances of freight logistics—the essence of moving cargo.
The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. Including, of course by leveraging global freight tech for BCOs. The Weekly Freight Update. Signup Now.
I’m on borrowed time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: DAT Freight Index Hits All-Time High in September. Spot freight availability was 74 percent higher than in September 2016. Bpost to Buy Radial for $820 Million (WSJ – sub.
freight trains in federal crosshairs after crashes: GAO (Reuters). The post This Week in Logistics News (December 4-8, 2017) appeared first on Talking Logistics with Adrian Gonzalez. Fetch Robotics raises $25 million to automate warehouses (VentureBeat). Growing length of U.S. And with that, have a happy weekend!
2017 started right where 2016 left off: with plenty of supply chain and logistics news. Uber Freight Just Launched and Trucking Will Never Be the Same (Inverse). October 2016 North American Freight Numbers. If this first week of 2017 is any indication, we’re in for another fun and wild ride in the industry this year.
In the meantime, here’s this week’s supply chain and logistics news: Amazon Plans Air Cargo Service for Chinese Customers (WSJ – sub. warehouses from Chinese merchants selling on its site—taking on a role it previously left to global freight-transportation companies.” Stay tuned for more details in the weeks ahead.
CX North America Integrates Its Freight Collaboration Platform With Active Aero Group’s Technology. Descartes Reports Fiscal 2017 Fourth Quarter and Annual Financial Results. January 2017Freight Transportation Services Index (TSI). FMCSA confirms permanent ‘restart rollback’ based on study results (CCJ).
In his 2017 annual shareholder letter , Bezos lauded “divinely discontent” customers as innovation drivers. Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). billion between 2015 and 2017. Source: Amazon.com. Amazon Fulfillment. billion to $21.7
Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub. Delivery Connect is designed to manage the movement of freight from the shipper to the end receiver, including scanning, proof of delivery (PoD), exception management, cross dock and in-depot activities through to job dispatch, customer service and reporting.
FourKites Partners with HaulFox to Provide Freight Brokers with Next Generation Supply Chain Visibility. That’s what I wrote last December in my supply chain and logistics predictions for 2017, and last September in The Day a Cyber Attack Brings the World’s Supply Chains to a Halt.
Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Between May and June 2017, more than 90 percent of cargo thefts involved trucks. The first step to preventing cargo theft is to complete a risk assessment. These cargos are also at risk.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long Millions of people descended on states with views of the 2017 total solar eclipse, congesting roadways. mile-long span.
The Energy Observer project started in France in 2017 with support from French industries. The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. The original gyro style wind energy installations were replaced with a wing type sail in 2019.
Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. While Facebook is looking at virtual reality, Alibaba and Amazon are looking more at freight. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.
Our salute to the best advancements in supply chain technology, processes and labor management from 2017. Click the links below to compare this year's innovations to those from previous years: Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Media Image.
More findings on the cloud cargo transportation and warehouse management systems you may discover on the web. The cloud-based supply chain software can be customized to suit your industry, your transportation , freight-forwarding and warehousing specialty, import-export regulations. A Better Scope Management.
From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. In addition, looking back to the summer of 2017, the June-August peak that typically happens was slower than anticipated.
There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. The planners could choose to switch cargo from a slow-moving ship to air, for example.
From the last half of 2017 through today and beyond, a slew of market forces, some predictable and some unexpected, have combined to create a very real truck capacity shortage in the United States. economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped.
It was a relatively quiet week for supply chain and logistics news, with robots and weak freight demand dominating the headlines. Air cargo firms feel the pressure from plunge in freight prices (Reuters). Heavy-Duty Truck Orders Fall to Lowest Since 2010 (WSJ – sub. percent from 3 percent.
Phillips February 3, 2017 Couriers and other cargo-handling businesses slashed payrolls by 13,000 jobs in January, ending several months of gains during which the logistics sector ramped up for the holiday season. Job cuts at courier, trucking operations came amid continued gains in warehouse employment By Erica E.
When it comes to ocean freight, it can be easy to observe the competitive nature of shipping rates, service loops and trade lanes and label it market share dog-eat-dog. The primary benefits of shipping alliances include stabilized freight rates, increased capacity management, and enhanced operational efficiencies.
The news that cargo thefts at unsecured locations in the Europe, Middle East and Africa (EMEA) region accounted for 173 or 85.1 percent of incidents reported in November 2017, is further evidence of the need for diligence in supply chain security, says international freight forwarding and logistics company, U-Freight.
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. Remember the ghost of Hanjin past. Why does this matter?
2017 went down on record as one of the costliest years for natural disasters in the United States, standing at $306 billion in damages. It begs the question: what happens to your freight during a natural disaster? This could be from debris or flooding, especially since freight trucking is the most common mode of transport.
Turkey has 91 airports with paved runways, many of which are capable of handling jets and cargo planes. Twenty heliports can help with the speedy delivery of air freight when necessary. Turkey ranks number 38 th of the world’s countries for land area but 13 th in terms of its economy and GDP, which reached $2.286 trillion in 2017.
As of 2017, South Korea’s industrial production growth rate was about 4.6%, putting it at number 63 in the world. South Korea has 71 airports with paved runways, more than half of which can support cargo jets. This robust infrastructure makes it easy to move freight in or out of the country quickly and easily. of the GDP.
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. Fraud and Security: Challenge: Ticket counterfeiting, fare evasion, and cargo theft pose security risks and financial losses for transportation providers. Routledge. [3]
A 2017 Global Sourcing study from American Shipper magazine found that 58% of shippers said their highest concern today is rising transportation costs. Capacity issues aren’t just a problem on the roads – companies are having a difficult time getting enough freight cars to haul their goods, leading to even more delays and higher costs.
The Netherlands has a total of 29 airports, five of which are considered major airports, and two of which have paved runways capable of handling cargo planes. In 2015, registered air carriers moved more than 5 billion kmt of air freight. In 2017, the country exported about $556 billion. billion in 2017. A mere 1.2%
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