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However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes. Keep a vigilant eye.
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.
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. Freightos Air Index data show Asia – N.
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. America Freightos Air Index rates to $4.78/kg
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.
More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.
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.
Startup Mexican airline Awesome Cargo, which provides dedicated aircraft and flight service to logistics companies and other customers, has taken delivery of its first fully capable freighter aircraft after operating two light-duty freighters since its inception 18 months ago. which is leasing the plane to Awesome Cargo.
Read more The post Above the Fold: Supply Chain Logistics News (December 8, 2023) appeared first on Talking Logistics with Adrian Gonzalez. So, while I still have the energy, here’s the supply chain and logistics news that caught my attention this.
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.
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.
Over the next three weeks, we’re featuring Chainalytics’ and some guests’- (this week we … The post The Ocean Cargo Forecast for 2023: Switching Conditions in the New Year appeared first on Chainalytics. Costs spiraled out of control, while customer needs were affected by elongated transit times and deteriorating service levels.
More Resources Home October 25, 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 25, 2023 Unbox your Freight knowledge.
Read more The post Above the Fold: Supply Chain Logistics News (August 11, 2023) appeared first on Talking Logistics with Adrian Gonzalez. This year, the night before my birthday, I was playing in a championship softball game, and at my first at-bat, I put the ball in play, and the.
Read more The post Above the Fold: Supply Chain Logistics News (February 10, 2023) appeared first on Talking Logistics with Adrian Gonzalez. I am the last man standingno more, after my mother, my wife and four kids,my sister and sister-in-law, my two brothers-in-law too,after 3 years being chased Covid caught up to me too.
Teradyne, which reports earnings on Tuesday, warned investors in its 2022 annual report about the potential impact of the October regulations, and in October 2023 said the restrictions hit both Teradyne’s sales to certain companies in China and its manufacturing and development operations. technology from helping China’s military.
The pace appears to have picked up since spring 2023 with investments in Veo Robotics, computer vision company Flymingo, industrial wireless automation startup CoreTigo, Rightbot and Instock. Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea.
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.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. That is a decrease of two-thirds over the 661 containers reported lost overboard in 2023.
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.
Route planning and optimization One of the main aspects of cargo transportation management is route planning and optimization. Choosing the right vehicle Depending on the characteristics of the cargo and the requirements for delivery, companies choose the most suitable vehicle. It can be a car, truck, train, boat or plane.
Responding to the 2023 IMO GHG Strategy by Wolfgang Lehmacher, Mikael Lind and Robert Ward Illustration: Sandra Haraldson, RISE 7 July 2023 marked a historic day for the shipping sector when the International Maritime Organization (IMO) adopted its 2023 IMO Strategy on Reduction of GHG Emissions from Ships (2023 Strategy).
Air cargo for example, though continuing to make digital strides, is still behind – and is often compared to – passenger travel where digitized capacity, pricing and online bookings have been around for decades and is in some ways the digitalization template air cargo is referencing. But this problem isn’t new.
But the discussion quickly turned to exploring why – given the marked shift to eBookings in air cargo – does the prevalence of eBookings in ocean logistics still lag so far behind? Ultimately, the panelists were in agreement that, as in air cargo, the availability of eBooking is not likely to eliminate the role of freight forwarders.
And the answer lies in how their 2023 went too. Navigating 2023’s Challenges and Looking Ahead While 2023 saw a general decrease in demand, with 60% witnessing a downturn, most attributed this to high inflation and a shift in consumer preferences.
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. Six more will be produced between now and the end of 2023, according to airline executives.
In November 2023, Blue Yonder acquired Doddle, a leading technology business focused on making the first and last mile more seamless, sustainable and profitable. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Delta Cargo , a unit of Delta Air Lines Inc.,
Just 14 years later, the first air cargo flight took place in 1910. 5] Staff, “ National Logistics Day 2023 ,” Logistics Plus. [6] The post National Logistics Day 2023 first appeared on Enterra Solutions. His detailed written record paved the way for future traders and merchants traveling between Europe and China.
According to the cargo theft prevention firm CargoNet, reports of theft, fraud, and other kinds of criminal activity in the supply chain rose 41 percent in the first 20 weeks of 2023 compared to last year, reaching 900 incidents. manufacturers re-evaluating their reliance on China.
The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. Last year’s negotiations took place as dozens of container ships were backed up off the coast of California waiting to unload cargo. And now on to this week’s logistics news.
In FY 2023/24, the SCA’s revenue fell to $7.2 As the Houthi attacks only began in earnest in November 2023, after half of the SCA’s fiscal year had passed, the numbers partially reflect business-as-usual performance last summer and fall. billion from $9.4 billion the prior year, a drop of about 23 percent.
Kelly Moller felt at not being able to buy tickets to Swift’s 2023 concert in Minneapolis. Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. 1 in trade with the U.S. trade partner in March at $65.1
Amazon in the news: Amazon, Hawaiian Airlines gear up for 2023 launch of Airbus freighters. Earlier this week, Amazon and Hawaiian Airlines announced that the retail giant will use Hawaiian Airlines to fly its first Airbus freighters on primary cargo routes and to Hawaii beginning in the second half of 2023.
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. Events that involved the theft of cargo increased by 20% year-over-year. The average value of cargo stolen in an event was $214,104.
FedEx now expects adjusted earnings per share for fiscal 2023 of between $14.60 One of the world’s most successful drone delivery companies will be expanding to mainland Europe and the United States in 2023. pounds of cargo in a hold with about 1,800 cubic inches of space. And now on to this week’s logistics news. and $14.00.
Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels. Initially during the pandemic, supply chain managers held more buffer stocks to account for disruptions. 2022 ocean schedule reliability dropped to 30%.
As Steve Banker wrote about in last week’s news roundup, the worldwide shortage of semiconductors is expected to last through the first quarter of 2023 at a minimum according to the electronics supply chain analysis firm Supplyframe. The cargo deliveries took place July 18 off the coast of Key West, Florida.
Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. Airlines representing over 70% of global air cargo capacity are on the WebCargo by Freightos platform and more ocean liners are in the process of joining. And it’s happening.
Cargo volumes at the Port of Los Angeles rose 3 percent year-over-year to 828,016 TEUs in August, marking the first increase in 13 months, port officials said. Construction of the 70,000-square-foot facility began last year and is set to open in late 2023.
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). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.
Amazon Air’s network is starting to look more like the hub-centric models of air cargo giants FedEx and UPS. Amazon has ramped up air cargo flights at its largest hubs while maintaining or shrinking flight activity elsewhere, according to an institute tracking the company’s air operations.
An estimated 26 million US small businesses, 84% of total small businesses, engage in online sales, according to a PYMNTS Intelligence survey in 2023. International cross-border e-commerce is typically transported by air cargo. Whereas Alibaba’s service offers cargo that can be shipped to any warehouse or store.
The proposed changes stem from a 2023 Government Accountability Office (GAO) report that slammed the FMCSA’s existing complaint system for lacking transparency, accountability and enforcement power. It’s not a new regulation, but it might be one of the agency’s most important modernization efforts in years.
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