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A common theme was customers using real-time data, geofencing and driver coaching to reduce accidents and improve efficiency. The company operates in environments where noise and hazardous materials pose constant risks, including handling hazardous materials or high-value cargo. Cargo theft is a major concern at the border.
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.
Limited Transparency A prevalent challenge in supply chain management is the lack of transparency in operations, often leading to operational losses due to disruptions like cargo theft, fuel theft, and rerouting. Software solutions and third-party inspection services are made to gather and track supplier safety and environmental data.
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.
billion in 2023 to $63.77 North America continues to dominates the market, with a 32.49% share in 2023. For example, they can support managers by processing large amounts of data, then analyzing proposed decisions to address complex operational and tactical challenges. billion by 2032, a compound annual growth rate of 11.7%.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
With global cargo theft losses exceeding $80 billion in 2023 and the average cost of a successful fictitious pickup surging to $365,000 per incident in Q1 2024, the industry has been desperately seeking more effective solutions. Knowing who is working to keep your supply chain secure is only possible with granular visibility.
This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. In 2023 , a worker strike among delivery and logistics workers at parcel carrier UPS was characterized by The Wall Street Journal as being “ the largest collective bargaining agreement involving a private employer in North America.”
To meet this moment, health systems must adopt a more resilient, transparent, and data-driven approach, powered by digital transformation. billion in clinics in 2023, with continued increases projected. Automation fed by real-world data can streamline operations, eliminate redundancy and accelerate response times.
Wing and Walmart first launched drone deliveries in Dallas-Fort Worth in fall 2023, with an average fulfillment time under 19 minutes, according to a June 5 release from Wing. This is real drone delivery at scale,” said Wing CEO Adam Woodworth.
Ali Ghodsi, Co-Founder and CEO of Databricks indicated to the publication that this deal addresses a challenge that businesses face when considering deployment of AI agents, specifically how to integrate the data needed to deploy agents. This deal is aimed at making it more attractive for businesses to be able to create their own AI bots.
The Suez Canal, for example, is crucial for energy and cargo shipments moving between Asia and Europe. Using digital technologies, like the Automated System for Customs Data, to speed customs clearance. Yet these chokepoints are vulnerable to disruptions. Avoiding this Canal means going around the Cape of Good Hope.
billion) worth of notes as of May 2023, the last time that BYD disclosed such information. BYD took an average of 275 days to pay suppliers in 2023, Bloomberg compiled data show. The platform had issued 400 billion yuan ($55.7
In 2024, cargo theft incidents surged to 3,625 across North America, a 27% year-over-year increase, with losses exceeding $455 million and an average loss per theft of $202,364. The economic toll of cargo theft alone is estimated at $15–$35 billion annually, disrupting supply chains and inflating costs for businesses and consumers.
The tariff applies to imported sedans, SUVs, crossovers, minivans, cargo vans, and light trucks, along with key components such as engines, transmissions, powertrain parts, and electrical systems. The data offers a snapshot of where shifts may be needed as manufacturers work to remain compliant while navigating added tariff pressure.
In 2023, Typhoon Doksuri hit major Vietnamese and Philippine ports. This served to dampen container buildup and accelerated the transit of time-sensitive cargo. Security: Voice data holds confidential information. It is important to pick platforms that meet data privacy laws (such as GDPR).
De minimis shipments account for 92% of all cargo entering the US. In 2023, 88% of total shipments arrived by air via express carriers and as cargo on commercial airline flights, according to US Customs Border and Patrol. ” Helen of Troy CEO, Noel Geoffroy “Today, we source products from seven different countries.
This move, while strategic, is costly — Apple has invested more than $1 billion in Indian manufacturing facilities since 2023. soybean exports to China dropped 25% since 2023, costing farmers $2 billion annually. Agriculture U.S. A 2025 U.S. Department of Agriculture report estimated that U.S.
See More Bad News on US Cargo Theft.) Click here to send us your comments In response, the National Motor Freight Traffic Association (NMFTA) has just released a framework it says can help shippers, carriers and brokers fight back against the growing and increasingly sophisticated threat of digitally enabled cargo theft.
Since late 2023, Argentina has been undergoing a rapid macroeconomic shift. The rest depends on last-minute client updates, tariff announcements and gut decisions. That’s where Argentina steps in — not because it has solved all its problems, but because it just removed one of the biggest: restrictive currency controls.
WASHINGTON — Legislation created to address the cargo theft crisis across the U.S. The Combating Organized Retail Crime Act of 2025 , introduced in both the House and Senate in April, would set up a coordinated multiagency federal response to organized cargo and retail theft and make it easier to prosecute the crime groups responsible.
Mexico border, aims to separate commercial cargo from regular traffic, cut down inspection times, bolster security, and support far more efficient trade flows along a corridor that handles over $300 billion annually. The elevated freight-only system, a first-of-its-kind at the U.S.–Mexico Congressional leaders like Rep.
tariffs undercut demand, spurring the sharpest cut to output in five years, data on Wednesday showed. year-on-year in May, its slowest pace since August 2024, government data showed on Monday. tariffs dented shipments south of the border, data showed on Thursday. tariffs, a private sector survey showed on Tuesday.
Studying economics at Yale, Smith’s 1965 term paper pitched the idea of creating a logistics company that would carry only cargo, and do so for a package’s end-to-end journet, such that a package could be delivered almost anywhere in the US overnight. The documentation can be useful historical data for any future endeavor.
There is one easy answer: a large number of cargo ships continues to avoid sailing in the Red Sea in and out of the Suez Canal, to avoid attacks from so-called Houthi rebels in South Yemen. The documentation can be useful historical data for any future endeavor. That is what is happening right now,” Mortimer says. What is going on?
Steel Too Expensive at Home Supply-chain Management Plays Strategic Role at Grocery Retailer Wild Coffee Market Pushes Trader Mercon Into Bankruptcy SupplyChainBrain Report: Newark Air Traffic Controllers Warned of 'Unreliable' Systems in 2023 More from this author Subscribe to our Daily Newsletter!
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. That’s up from 0.2%
The answer to that question starts with a look back at the factors that impacted the market this year, combined with the underlying freight data from the past few years. You can check out our 2025 air cargo outlook here , or catch our recent 2025 Ocean and Air Outlook webinar here.
After securing access to TuffAir’s materials, Amazon abruptly ceased communications, only to unveil a remarkably similar regional air cargo model within months, based on the same technical, operational and strategic elements TuffAir had disclosed,” the company alleged in its legal filing. No comment as yet on the suit from Amazon.
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. Europe weekly prices increased 25% to $4.23/kg.
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. China – N. Europe – N.
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.
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.
Featured Product Popular Stories Tariff Turmoil Threatens to Bring Summer of Discontent Global Trade & Economics Report: Newark Air Traffic Controllers Warned of Unreliable Systems in 2023 Global Trade & Economics Starmer, Carney Reboot U.K.-Canada
June 24, 2025 SupplyChainBrain The National Institutes of Health (NIH) has launched a five-year, $10 million research project to look into health impacts on local communities from 2023s fiery train derailment in East Palestine, Ohio. “NIH
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. Europe weekly prices increased 6% to $3.94/kg.
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
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. Europe weekly prices increased 4% to $3.86/kg.
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. America weekly prices increased 4% to $4.82/kg
The device prevents vehicles from surpassing a certain speed, by harnessing GPS and on-board camera data to determine limits on a specific roadway. 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.
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. Europe weekly prices climbed 11% to $4.30/kg.
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. America weekly prices decreased 2% to $4.65/kg
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