This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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 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.
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.
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.
Autonomous Shipping Autonomous shipping is the use of self-driving vessels to transport goods and passengers across waterways. According to the International Maritime Organization (IMO), a Maritime Autonomous Surface Ship (MASS) is defined as a ship which, to a varying degree, can operate independently of human interaction.
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 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.
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. May air cargo volumes continue to rise amid global disruptions.
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.
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.
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. Most of these are nearly impossible to plan for.
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
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. 1 in trade with the U.S.
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).
A Perfect Match for Our Mission At Freightos, our mission has always been to bring international shipping into the 21st century, using digitalization to make it faster, more cost-effective, and more transparent for the organizations that literally move the world. From a financial perspective, this acquisition is a strong move for Freightos.
Over the years, Amazon’s strategy to tackle counterfeit goods focused on providing data to law enforcement and taking aggressive enforcement actions against counterfeit sellers. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S.
Topped off by improving time-in-transit and lowering your costs, Maergo is reimagining delivery and changing the way the retailers ship and deliver to their customers. Their network features include pick-ups seven days a week, flexible sortation, eco-friendly use of passenger flight cargo capacity, and diverse last mile partners.
The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates. Retailers in the U.S.
However, achieving and maintaining visibility poses several challenges, including data availability and quality, technological limitations, and interoperability issues. Certain shipping lines are investing in the last mile companies. What is supply chain visibility and why it is important? Obtaining ocean visibility can be challenging.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. Staten Island workers could challenge the company’s current labor model, which is the backbone of its Prime two-day shipping promise. Walgreens to offer Wing drone delivery in suburban Dallas.
Amazon in the news: Amazon, Hawaiian Airlines gear up for 2023 launch of Airbus freighters. UPS earnings rise as higher prices offset shipping slowdown. s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices buoyed the business. And now on to this week’s logistics news.
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.
Data from Motive, which tracks trucking visits to North American distribution facilities for the top five retailers, shows volume up 30% year-over-year in June. In FY 2023/24, the SCA’s revenue fell to $7.2 billion from $9.4 billion the prior year, a drop of about 23 percent.
Ukraine in the news: War in Ukraine disrupts ships around the globe. The world’s biggest container ship operators, A.P. Moller-Maersk A/S and Mediterranean Shipping Co., And now on to this week’s logistics news. Ukraine invasion and the semi-conductor chip impact. Walmart steps up automated store distribution.
Those industries include data communications, medical, industrial, automotive and consumer electronics. Yes, SAP had inbound ASN’s (advanced ship notices). In one major case in 2017, the Hanjin Shipping company was declared bankrupt by South Korean courts. One of the keys to better visibility is data quality.
Just 14 years later, the first air cargo flight took place in 1910. By 1956, the first container ship sailed from the port of New Jersey to Texas. That includes packaging, warehousing, shipping, and more. 5] Staff, “ National Logistics Day 2023 ,” Logistics Plus. [6] Logistics helps to create value.
The speed of the box’s throughput enables orders to be packaged, labeled and ready to ship in 30 minutes. 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. and $14.00.
The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Signup Now.
Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. But, before we dig into the data – let’s start on a positive note: Supply Chain Statistics Show Challenges, but the Industry Remains Resilient. The semiconductor market has potential to reach overcapacity by 2023.
In contrast, the larger Amazon warehouses typically rely on delivery stations closer to customers for the final stage of shipping. Amazon’s fast-shipping service can add fees for small orders. The air cargo industry has seen softer market rates due to increased capacity and shippers flocking back to ocean freight services.
Amazon now ships more parcels than FedEx. In fact, Amazon has even begun shipping orders for outside customers. According to data from Pitney Bowes, that push is paying off. Redwood aims to begin recycling some material from Ford this year, with the goal of supplying the first anode material in 2023-2024. billion in 2019.
IDC also forecasts that by 2023, 30 percent of Asian enterprises will ship freight using a SaaS-enabled platform, resulting in improved efficiencies in load matching and reduced shipping costs. A connected supply chain breaks down data silos and consolidates data, plans and processes into one central platform.
Elon Musk revealed that one of Tesla’s battery powered class 8 semi-trucks completed a 500-mile trip fully loaded with 81,000 pounds of cargo – all off a single charge. . How you ship products is another way to connect with consumers who are becoming increasingly likely to consider sustainability before making a purchase. .
When a 948-foot-long cargoship called Dali crashed into the bridge in the early morning hours of March 26, the costs were high. million vehicles in 2023. million vehicles in 2023. It closed the Port of Baltimore to ship traffic. The port received 570,000 imported vehicles in 2023 alone. The result?
Ryder acquired various logistics and fulfillment providers in 2023, plus the well-known 3PL Impact Fulfillment Services in 2023. DSV acquired two major transport and logistics companies in 2023. They’re investing in advanced route optimization software to manage new cargo flows efficiently. In 2023, 17.6%
An Insider's Look at the Current State and Future Trends of Global Trade Introduction to Ocean Shipping in 2023 Ocean shipping plays a vital role in the global trade landscape. The sheer scale and efficiency of ocean shipping have made it an indispensable component of the global supply chain.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. As a supply chain manager, it is impossible (and unwise) to ignore the state of global politics, as it directly impacts nearly every level of the supply chain, from increased shipping rates to access to critical materials and minerals.
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. Trade Deficit Narrows by Most on Record as Imports Plunge Global Trade & Economics Ship Traffic Through Red Sea Remains Sparse, Despite Houthi-U.S.
2023 was the warmest year on record. A graph showing Resilinc’s Extreme Weather Trends data from 2012 to 2023. While all disruptions show increased growth, Extreme Weather disruptions saw a significant jump from 2020 to 2023. Drought Record-breaking temperatures in 2023 exacerbated global droughts.
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.”
More Resources Home November 7, 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 21% to $5.72/kg
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. SupplyChainBrain Container Ship Explodes, Catches Fire Off Coast of India More from this author Subscribe to our Daily Newsletter!
More Resources Home December 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. America weekly prices were level at $6.30/kg
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content