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More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supply chain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
After 10+ years of writing the weekly news roundup, as well as a bi-weekly column for Logistics Viewpoints, today is my last day at ARC Advisory Group. Over these 10 years+ I have learned a lot about supply chain and logistics through conversations with end users, suppliers, and my colleagues. Cargo imported into the U.S.
In 2019, digital freight isn’t a vision; it’s a reality. Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. Meanwhile, massive passenger airline restrictions dramatically reduced air cargo capacity, sending rates through the roof.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. Billing inaccuracy and payment challenges are massive problems in the logistics industry.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.
Mark is the Executive Vice President and Head of International Logistics at Reliance Partners , one of the nation’s fastest-growing commercial insurance agencies. Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. Mark earned a B.S.,
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 And now on to this week’s logistics news. The post This Week in Logistics News (March 23 – 29) appeared first on Logistics Viewpoints.
This week, Freightos hosted over forty logistics and innovation executives for FreighTech 2018, a symposium dedicated to discussing challenges and opportunities in the industry. The catalyst was fairly simple – there are freight conferences and tech conferences, but few that really mesh both very well. It already has.
The current state of logistics is our malady. I find no agency or entity trying to find a holistic solution to global logistics. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Background on Ocean Transport.
This will be the team’s first World Cup game since 2014, as it failed to qualify in 2018. And now on to this week’s logistics news. Logistics companies are reversing their hiring binge. The hiring frenzy in logistics driven by pandemic-fueled shopping appears to be cooling off. Now we just have to wait another 10 days.
Joe Ohr is the Chief Operating Officer at The National Motor Freight Traffic Association (NMFTA) , a nonprofit membership organization that represents the interests of less-than-truckload (LTL) carriers. Joe and Joe discuss the critical role of cybersecurity in the supply chain, transportation, and logistics space.
And now on to this week’s logistics news. FedEx Express will have its aircraft fleet focus on moving priority package volume, while the air cargo giant leans on third-party providers to move less urgent shipments, FedEx President and CEO Raj Subramaniam said during a conference on Tuesday. FedEx Express moves an average of 6.3
And now on to this week’s logistics news. Over the last decade, as we have documented here, Amazon has been pushing its logistics arm to be less reliant on UPS, FedEx, and the USPS for delivering orders. The company hopes to cut 90 percent of the amount of virgin fossil fuel-based plastic it used in the toys in 2018.
In this episode, Joe Lynch interviews David Bell and Peter Rentschler about the new partnership between their companies along with building a competitive advantage in the transportation and logistics space. In 2001, Mr. Bell joined Cargo Transportation Services, Inc., Bell joined Cargo Transportation Services, Inc.,
And with that, here’s the supply chain and logistics news that caught my attention this week: Powerloop, new venture from Uber, offers trailer pooling platform (CCJ). project44 and GateHouse Logistics Announce Exclusive Partnership. Odyssey Logistics & Technology Corporation Announces Intent to Acquire AFF Global Logistics.
There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight. In general, the predictive analytics solutions in logistics and supply chain are on the rise.
Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services.
The rate of tech adoption in logistics continues to grow. The increase in the volume and use of digitized freight data has made the need for – and lack of – industry data standards all the more acute. One of the key themes that emerged was the growing importance of data standards and integrations. are growing too.
Between February 2018 and May 2022, revenue skyrocketed by 1600%. The platform boasts a network of over 22,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargo capacity to earn extra income. Starting May of 2023, Steve joined FRAYT as their Vice President of Partnerships.
My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). Freight Operators Dismiss Threat of Digital Startups (WSJ – sub.
We follow an exhaustive list of supply chain and logistics blogs to make this possible. If you want to start learning, we suggest you check out these top logistics and supply chain blogs. Top Logistics and Supply Chain Blogs We Love. Cerasis is another leader in the world of supply chain and logistics. Ship Lilly.
This article first appeared in The Loadstar on June 8th, 2018. While the air passenger industry has a solid tech foundation, air cargo does not. Lufthansa Cargo chief commercial officer Alexis von Hoensbroech. JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS.
More Resources Home October 4, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 4, 2023 Unbox your Freight knowledge.
As I struggle to put on my ski boots, here’s the supply chain and logistics news that caught my attention this week, starting with a $1 billion investment in a logistics startup. Freight Startup Flexport Hits $3.2 Freight Startup Flexport Hits $3.2 in January Truckload Linehaul Costs Up 6.4%
Billion Deal for Ceva Logistics (WSJ – sub. Billion Deal for Ceva Logistics (WSJ – sub. Billion Deal for Ceva Logistics (WSJ – sub. NEMF Files for Bankruptcy, XPO Warns on 2019: Is the Party in Transportation and Logistics Ending? But we have the movie to look forward to. What should we watch next?
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. Deutsche Post DHL to deploy self-driving delivery trucks by 2018 (TechCrunch). Bpost to Buy Radial for $820 Million (WSJ – sub.
Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. million freight containers each year. That digital reach extended to importing as well.
So, without further delay, here’s the supply chain and logistics news that caught my attention this week: UPS, Overwhelmed by Online Orders, Warns of Delivery Delays (WSJ – sub. Ford to test new self-driving vehicle technology in 2018 (Reuters). freight trains in federal crosshairs after crashes: GAO (Reuters).
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.
When transporting pharmaceuticals, how can logistics workers do it safely , and what precautions are necessary for things like temperature control and to guard against theft? Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Download White Paper.
Here’s the supply chain and logistics news that caught my attention this week. req’d) Walmart taking over operations at Inland distribution centers [operated by Schneider Logistics] (The Press-Enterprise). req’d) Walmart taking over operations at Inland distribution centers [operated by Schneider Logistics] (The Press-Enterprise).
Material Handling & Logistics ). Material Handling & Logistics ). Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Global paper output is expected to be 4 million tons short of its 2018 level, with predictions of 416 million tons in 2022.
And with that, here’s the supply chain and logistics news that caught my attention this week: Walmart Toughens Delivery Demands for Suppliers (WSJ – sub. And with that, here’s the supply chain and logistics news that caught my attention this week: Walmart Toughens Delivery Demands for Suppliers (WSJ – sub.
After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. Self-Service Logistics. Content Summary: The Era of Do-It-Yourself Logistics.
In respect to logistics and transport something remarkable happened at COP26. In 2018, according to data from the International Energy Agency (IEA) road transport accounted for three-quarters of transport emissions. came from trucks carrying cargo. COP26 has received more attention than previous summits. Most of this, 45.1
In this week’s supply chain and logistics news… BluJay Solutions Acquires Leading Mobility Solutions Provider Blackbay. World-Class Logistics Solutions providers MercuryGate and Banyan Technology Announce Integration Partnership. Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub.
economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped. The long-anticipated Electronic Logging Device (ELD) mandate arrived in mid-December 2017, with nationwide enforcement beginning on April 1, 2018. Produce Season. Aging Driver Force. Mode Shift.
Increased accuracy in freight quoting, reducing accessorial or after-the-fact fees. REDUCED FREIGHT SPEND. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Integrate LTL and e-commerce freight management platforms, explains Deborah Lockridge of Trucking Info. Partner with a freight broker, like a 3PL.
The current state of logistics is our malady. I find no agency or entity trying to find a holistic solution to global logistics. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Background on Ocean Transport.
As retailers, you need a robust logistics solution that helps in aligning your capacity with customers’ delivery preferences. Above are all the challenges that retailers face when their logistics system is not aligned with customer expectations. This pushes them to provide subpar delivery experiences to customers.
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. Solution: Collaborative logistics: Partnering with other companies in similar industries can allow for shared resources and consolidation of deliveries during peak periods [1].
If consumers ever think about supply chains and how the items they desire manage to find their way into their homes, they likely picture fleets of trucks, trains, airplanes, and cargo ships — the logistics part of supply chains. That’s why so-called “last mile” logistics receive so much attention.
According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4% Overall, logistics spending in 2018 reached 8% of U.S.
Shipping air inside expensive freight containers has never been a cost-effective approach to transportation. Today though, in the wake of the COVID-19 pandemic, it’s even more critical to try and improve capacity utilisation , given the skyrocketing costs of container freight shipping.
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