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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. America weekly prices decreased 6% to $5.23/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. America weekly prices increased 4% to $4.41/kg
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.
What’s the Difference Between Freight Management and Logistics Management? In today’s world, where globalization and international trade play an increasingly important role, efficient freight management is becoming a key aspect of success for many companies. It can be a car, truck, train, boat or plane.
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. America weekly prices increased 8% to $4.75/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. America weekly prices were level at $4.80/kg
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. The money is coming through the U.S.
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
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 By the end of 2023, 71 percent of GM’s direct and logistics suppliers had committed to the pledge. In 2023, they reported just 221 containers were lost at sea out of 250 million transported.
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. America weekly prices decreased 2% to $4.73/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
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. Given the freight market’s growing vulnerability to fraud, ghost operations and regulatory loopholes, many hope this won’t just be a paper fix.
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.
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.
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.
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.
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.
And the answer lies in how their 2023 went too. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs.
Postal Service (USPS) transitioned its primary air cargo contract from FedEx to UPS effective September 30, 2024. Before the new contract, FedEx carried over 984 million pounds of air mail (71% of total air volume) from October 1, 2023, through September 30, 2024. increase from Q4 2023. increase from Q1 2024.
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.
In November 2023, Blue Yonder acquired Doddle, a leading technology business focused on making the first and last mile more seamless, sustainable and profitable. The industry added jobs at a time when logistics companies have been coping with a faltering freight market for the past 20 months. Bank Freight Payment Index.
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
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.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. In FY 2023/24, the SCA’s revenue fell to $7.2 billion from $9.4
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).
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.
The company operates in environments where noise and hazardous materials pose constant risks, including handling hazardous materials or high-value cargo. Mex-Cal Truckline’s operations also highlight the complexities of cross-border logistics with cargo security. Cargo theft is a major concern at the border.
The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods. And now on to this week’s logistics news.
Freight fraud has emerged as one of the most rapidly growing and financially devastating risks in today’s global supply chain landscape. Enter Overhaul’s FraudWatch , a winner of the 2025 FreightWaves Fraud Fighter Awards, which has revolutionized the approach to freight security.
Kelly Moller felt at not being able to buy tickets to Swift’s 2023 concert in Minneapolis. Each has the capacity to receive general merchandise items from suppliers in smaller freight loads, known in the industry as less-than-truckload (LTL), and consolidate them into larger freight loads known as truckloads (TL). 3 with $42.7
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.
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.
Just 14 years later, the first air cargo flight took place in 1910. He writes, “If you are a part of a very large, multinational corporation, there is great likelihood that there is a logistics department, a distribution center, a freight management function, a warehouse team, an inventory management organization, and a planning team.
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. Including, of course by leveraging global freight tech for BCOs. The Weekly Freight Update. View weekly update.
Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. This, however, lead to many problems, as the industry became less forgiving to a woman without a husband.
Starting May of 2023, Steve joined FRAYT as their Vice President of Partnerships. The platform boasts a network of over 22,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargo capacity to earn extra income. Between February 2018 and May 2022, revenue skyrocketed by 1600%.
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). 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.
US EPA to set tougher heavy duty emissions rules in 2023. 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. And now on to this week’s logistics news. shift to electric heavy-duty vehicles.
(Photo credit: Depositphotos.com) It’s been a while since I last looked into the freight forwarding market, but with all the post-pandemic market changes, I decided to do so, similar to what I did for the parcel & last mile market in early April. Thanks for reading Rethinking supply chains! I wear a number of hats these days.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Tip: Find out how. you can manage ongoing shortages with.
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