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Lufthansa Cargo has finalized the implementation of its production planning and control (PPC) transformation project. The new production planning system assists the planners in scheduling the break-down of incoming cargo and the build-up of outgoing freight for onward transport by truck or flight. Lufthansa Cargo AG.
Cargo theft continues to be a problem, especially around the holidays. And I don’t just mean the winter holidays; cargo theft typically spikes during any holiday season where businesses may be closed for an extra day or two. But what exactly is cargo theft? Cargo theft comes in many shapes and sizes.
Amplifying the shippers voice and giving some power back to the companies actually paying for logistics services that is the core reason why the Shippers Council was formed in in 2020. Knowledge Sharing Since its launch in 2020, the Shippers Council has grown its membership to 93 represented companies.
to discuss the evolving landscape of cargo theft that continues to plague the freight industry. While straight theft (the physical taking of trucks, trailers, or cargo from where they’re parked) remains the most common form of cargo theft, criminal tactics have shifted in the last few years. The scammer couldn’t answer.
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. . Nearing the end of 2020, Maersk has remained true to that goal. The Freight Game of Thrones.
More Resources Home Navigating the Waves: Exploring Digital Booking in Ocean Logistics at TPM 2024 Judah Levine The sessions at this year’s TPM, the preeminent North American ocean freight conference, was more focused on the role of technology in ocean logistics than ever. The data shows this too.
Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. TRAMES is all about International Freight Orchestration (IFO). Monopolistic supply is extremely rare, especially in the freight industry where service providers have varying strengths in the different markets.
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.
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.
This is not the usual peak season, and it started much earlier than in 2020. Higher freight volumes. Stronger freight volumes are expected as pent-up demand from consumers, retailers, and manufacturers reaches an apex. Shrinking capacity from higher freight volumes results in higher rates throughout peak season and beyond.
For the first time since 2020, I was back in New York City for the NRF Big Show. 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. This could be a slow, messy year for freight.
The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. That’s starting to change. More and more large U.S. In the U.S.,
bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 An Oregon freight-forwarder was hit with an export ban in what officials said was a warning to companies to heed restrictions on the shipment of sensitive technologies to countries the U.S.
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.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. according to the Walmart Marketplace website. from May’s 2.24
Typically, 45% to 50% of cargo is carried in belly holds of aircraft. DB Schenker Singapore has also cemented the position as a key pillar in Singapore’s logistics ecosystem, being the number one air exporter (for freight forwarding) and attaining market leadership in ocean freight as well. Singapore’s Status a Global Hub.
When terminals cannot move cargo, the costs can escalate quickly. Since the systems affected were controlling the flow of vessels and freight around the world, these can be classified as OT-level supervisory type systems. Should we call the Maersk attack an OT-level attack or an IT-level attack?
as of January 1, 2020 [3]. Cargo transfer requirements. Once in port, each stage can be monitored, from pilot onboarding and cargo transfer to disembarkation. The IMO 2020 regulation has set a precedent for further restrictions to come. from originally 3.5% Other planned vessel movements. Any safety considerations.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. FedEx also plans to test autonomous drone cargo delivery, partnering with Elroy Air. Israel Aircraft Industries is remodeling older Air Canada passenger jets to carry heavy freight.
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.
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.
In Malaysia, CEVA Logistics worked closely with L’Oréal , a major producer of luxury and consumer products, to develop a social initiative of providing jobs for the hearing impaired at our warehouse since June 2020. We also look to reduce or eliminate the use of plastic packaging. Photo Credit: United Airlines.
In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. higher than 2020. As of 2020, only 12% of semiconductor chips were made in the United States. (
The volume of ocean shipments grew two-fold in the past decade, and the price of an ocean shipment increased 9-10X from 2020-2021. 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. So what you might say?
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
Bank of America sounding the alarm on collapsing freight demand. In that spirit, a number of freight- and supply chain-focused companies and at least two federal agencies used the annual observance of Earth Day to publicize what they are doing or plan to do to help the environment, promote sustainability and reduce emissions.
This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020. FedEx set out to become a global logistics player as a full-service freight operator.
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
The report found that 83% of manufacturers are “likely” or “extremely likely” to reshore by adding North American suppliers, up from 54 percent in March 2020. Several freight executives say they expect to reduce staff by attrition, though some suggest layoffs could come as their companies cut costs. trade with Asia.
CALISTA is a platform that provides companies access to reliable and competitive freight options, timely visibility of cargo movements, accurate advisory on trade formalities and compliance to regulations, and availability of fuss-free working capital support. In 2020 alone, it facilitated over 30 million transactions.
Amazon Air opens first European hub in Germany Amazon Air, the in-house cargo airline of the online retailer, has opened its first regional air hub in Europe, shifting shipments away…
More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. 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.
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 The prescriptions are offered via Amazon’s online pharmacy service, which launched in 2020. mile-long span.
By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. Digitized freight forwarding, enabling faster, more cost-effective global trade.
In today’s hyper-connected world, freight forwarding can seem like a lone holdout. Combining this pre-existing state of freight with the events of the past two-plus years of pandemic-related disruptions and grasping the micro- and macro-dynamics becomes even harder. What’s causing the delays in freight shipments?
An indication for this belief is the level of fundraising reached by digital players like Flock Freight, a trucking platform and project44, a supply chain visibility platform, which reached US$113.5 In a survey by the Institute for Supply Management released March 10, 2020, almost 75% of companies reported supply disruption due to Covid-19.
As air cargo rates reduce, indicating a return of freight capacity, but could this also signal a massive carbon emission increase? Will shareholders be excited to allow companies to go back to the fatter pre-2020 travel expenses? Whilst it has indirectly led to improved sustainability, will it continue? I think not!
For the calendar year 2020, Amazon delivered 4.2 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. In fact, Amazon has even begun shipping orders for outside customers. billion in 2019.
Since early 2020, global trade has been buffeted by waves of increased customer demand, supply chain challenges, and constant uncertainty and volatility. Since early 2020, the supply chain ramifications of COVID have been a rollercoaster for businesses of all shapes and sizes. But then global freight kicked in. .
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.
When COVID hit in early 2020, the slow and steady approach seemed right once more in hindsight. This meant a huge movement of goods from East Asia to Western Europe and America, creating an asymmetry in demand as well as freight rates. Similar behavior was seen across road transport and air cargo.
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]
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels.
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