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More Resources Home September 26, 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. America weekly prices increased 4% to $4.41/kg
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.
More Resources Home September 13, 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. China – N. Europe weekly prices increased 1% to $3.07/kg.
More Resources Home November 21, 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. In air cargo, Freightos Air Index data show China – N.
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.
Blog " * " indicates required fields Email * More Resources Home September 6, 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.
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.
in push for freight decarbonization China e-commerce exports, unreliable Red Sea shipping boost air cargo Sephora is expanding its take-back and refillables programs Amazon announced that it delivered to Prime subscribers at its “fastest speed ever” in its quarterly earnings on Tuesday.
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. to $0.40, or about half a percent of the sticker price.
The request for a new injunction against independent contractor law AB5 in trucking was made in front of the same court and judge, Roger Benitez, that handed down a temporary injunction on New Year’s Eve 2019 that later morphed into a temporary injunction in January 2020. The average value of cargo stolen in an event was $214,104.
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.
Freight Startup Flexport Hits $3.2 Year Over Year (Cass Information Systems) Cargo theft volume, values decreased in 2018 (CCJ) JD.com’s drones take flight to Japan in partnership with Rakuten (TechCrunch). Freight Startup Flexport Hits $3.2 in January Truckload Linehaul Costs Up 6.4% in January Truckload Linehaul Costs Up 6.4%
NEMF Files for Bankruptcy, XPO Warns on 2019: Is the Party in Transportation and Logistics Ending? This week a sobering reminder from New England Motor Freight (NEMF) that all parties ultimately come to an end. XPO Logistics mentioned a similar problem when it downgraded its outlook for 2019. filed for bankruptcy on Monday.
I’ve been trying to learn the basics of the game, and as luck would have it, at the Descartes Evolution 2019 conference this week (more about the conference in a future post), I sat with a Descartes executive who is an experienced rugby player — he even coached the women’s team at his university. You learn something new every day.
Predict and Prevent Freight Damage with Ilya Preston. Ilya Preston and Joe Lynch discuss ways to predict and prevent freight damage. Freight damage is not only expensive and upsetting to customers, but it is also ridiculously hard to figure out where, when, and how it occurred. Key Takeaways: Predict and Prevent Freight Damage.
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.
More Resources Home October 17, 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 17, 2023 Unbox your Freight knowledge.
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. meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU.
More Resources Home October 31, 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 31, 2023 Unbox your Freight knowledge.
More Resources Home October 11, 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 11, 2023 Unbox your Freight knowledge.
More Resources Home September 20, 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. America weekly prices decreased 11% to $4.25/kg
Providers of real-time freight visibility solutions. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson. “The Simply put, OTIF spells OPPORTUNITY for transportation technology providers.
The post This Week in Logistics News (April 15-19, 2019) appeared first on Talking Logistics with Adrian Gonzalez. Logistics Market (WSJ – sub. req’d) New Digital Container Shipping Association is aiming to make a splash (The Loadstar). Song of the Week: “The Spot” by Your Smith.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% compared to November 2019, or a 4.2%
Read more Above the Fold: Supply Chain Logistics News (November 1, 2019). The post Above the Fold: Supply Chain Logistics News (November 1, 2019) appeared first on Talking Logistics with Adrian Gonzalez.
The More Than Shipping blog is a comprehensive resource for shipping trends, supply chain planning, project and specialized cargo and more. Freight Hub. In addition, Freight Hub publishes a stream of blogs focused on the use of blockchain to drive interest in its blockchain-based Bill of Lading solution. More Than Shipping.
Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. CMA CGM, the third largest ocean carrier, is increasingly oriented towards shippers, with the vertical acquisition of CEVA in 2019. Accelerating the shift. Image via StarAir.dk).
The original gyro style wind energy installations were replaced with a wing type sail in 2019. The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. That said, there have been and continue to be improvements due to innovations.
The real-time freight visibility space was particularly hot this year, with two major acquisitions completed in recent months ( Descartes acquired MacroPoint and Trimble acquired 10-4 Systems ). For related commentary, see On-Time In-Full (OTIF) and the Growing Demand for Real-Time Freight Visibility. Song of the Week: “Weak” by AJR.
Operators of warehouses, trucking fleets and other freight businesses say they are paring their payroll growth as the supply-chain disruptions that led to tens of thousands of new jobs recede. Several freight executives say they expect to reduce staff by attrition, though some suggest layoffs could come as their companies cut costs.
Which brings us to international freight. trillion dollars in 2021 , up 13% from 2019. The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). Hedging for freight price volatility.
Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Let’s take a look then, at each sector in turn, starting with air freight. Air Freight Transportation Trends 2020. The Freight Rate Roller Coaster.
Wood pallets used for export shipments also contain an unhealthy level of formaldehyde due to fumigation, posing an unnecessary health risk for cargo handlers. Recently in 2019, the DBS Marina Regatta was held at the marina bay front. This creates a high turnover rate in replacement, incurring unnecessary costs. MORE FROM THIS EDITION.
But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. Take Conner, the manufacturer of FORT, a magnetic pillow fort. The results tell a mixed story. .
billion in 2019. The California ports of Los Angeles and Long Beach are extending the hours during which trucks can pick up and return containers as they try to improve freight movement and delays through ports. This first started in 2014 when the company delivered 20 million packages. For the calendar year 2020, Amazon delivered 4.2
from 1990 to 2019 because of the increased numbers of people flying. Only the recent global pandemic reduced airline greenhouse gas emissions however this year, we will almost definitely see an increase in travel over 2019 levels – once again increasing overall emissions.
Compared to the same period in 2019, e-commerce, as part of the non-store segment, is up 73.2%, while retail sales (minus non-store, food & beverage, auto, and gas sales) are up 23.4%. So, when you looked at our digital penetration of the business in 2019, it was 25%. for the same period in 2019. "I
Home Depot has not joined the Cargo Owners for Zero Emission Shipping (coZEV) initiative, or the Zero Emission Maritime Buyers Alliance (ZEMBA). The unfortunate reality is that from 2019 to 2023, Amazon’s maritime emissions actually saw a 26% increase. Specifically, the report revealed: From 2019 to 2023, Amazon increased its U.S.
The idea of tubes whisking freight across the land at near-supersonic speeds smacks of an old-school image of the future. The CEO of the company behind the test (Hyperloop One) estimates that the system will be transporting cargo by 2019 and passengers by 2021.
A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. Revenue: $74.969 billion (12 months ending March 31, 2020), $74.094 billion (2019) Headquarters: Atlanta, Georgia, USA CEO: Carol Tome 2. Revenue: €63.3 billion/$72.43 Kuehne + Nagel Inc.
After an extremely volatile first half of the year, the challenges in the air freight market look set to continue into 2021, requiring both foresight and forward planning from businesses. A turbulent six months for air freight. This caused an overheated market, with the price of air freight increasing by as much as 400%.
Just 14 years later, the first air cargo flight took place in 1910. ”[3] In 2019, Logistics Plus Inc., ”[4] In the press release announcing the 2019 event, Scott G. ” Cision PR Newswire, 28 June 2019. [5] By 1956, the first container ship sailed from the port of New Jersey to Texas. 4] Scott G.
This is an exciting milestone that accelerates our vision of a digital platform that modernizes international freight and improves global trade. I assumed, after all, that freight carriers would publish APIs simply because they wanted to fill their vessels efficiently. Between 2012 and 2019 we made the most of what we had.
Second-quarter sales at this store were 12% higher than in 2019. Besides running a logistics market research firm, catch my weekly articles on air cargo, freight forwarding, the express markets, and a monthly podcast on Air Cargo World. Express Store Concept Experimenting with a reduced square footage concept.
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