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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.
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 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.
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.
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. East Coast.
Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 percent, or $24.5
Amazon in the news: Amazon’s Prime orders are getting delivered faster and faster Hawaiian Airlines slowly adds freighters for Amazon business Walmart in-store AI is giving employees advice on how to sell products USPS delivery unit proposal sparks service, cost concerns for shipping partners White House earmarks $1.5B
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.
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.
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.
Global shipping and transportation present tremendous opportunities for businesses, but they also bring complex challenges, particularly when it comes to compliance. A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade.
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.
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.
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).
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.
That’s exactly what Amazon is doing as it with its “Ships in Product Packaging” (SIPP) program, which, as the name suggests, allows products to ship in their original box or bag without any added Amazon packaging. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S.
Walmart added new functionality that lets sellers purchase shipping labels for domestic orders on its marketplace. Ship with Walmart (SWW) was previously available only for cross-border orders. The feature is standard on other major marketplaces, offering sellers reduced shipping rates and integrating with their platforms.
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.
Just in time for the holidays, the Ship It Zero campaign is bringing visibility to the impacts of dirty ocean shipping caused by mega retailers all year round but especially as they ship their goods during the holiday season. I KEA earned a B+ in our 2023 Decarbonization Report Card and was the highest scoring company overall.
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.
Cargoships 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). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.
In a final piece of holiday news, USPS has said will not levy an extra delivery surcharge during the winter peak season, saying the decision makes USPS “the most affordable way to mail and ship this holiday season.” Construction of the 70,000-square-foot facility began last year and is set to open in late 2023.
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.
Another shipping crisis strikes, threatens Black Friday shopping. Volansi completes first-ever autonomous ship-to-ship drone delivery. As a result, the 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays. The cargo deliveries took place July 18 off the coast of Key West, Florida.
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. But we never thought we could do it all ourselves. And it’s happening.
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 said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.
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.
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]
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%.
Consumers have embraced e-commerce for price comparisons, ease of purchase anytime and anywhere, and for those participating in subscription services such as Amazon Prime, free shipping, and other benefits. International cross-border e-commerce is typically transported by air cargo. Cargo imported into the U.S.
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.
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. Certain shipping lines are investing in the last mile companies. but when demand slowed, the pressure to reduce inventory becomes a lot higher.
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.
Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.
In 2023, roughly 9,700 people were injured by fireworks in the US. Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS. shipping containers and stacking them up to six high.
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. 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. The semiconductor market has potential to reach overcapacity by 2023.
US EPA to set tougher heavy duty emissions rules in 2023. Retailers turning to specific-day delivery over speediest shipping. They also have faced tense geopolitical environments, unreliable and expensive global shipping services and supply chain delays exacerbated by port congestion and even inland transportation issues.
Understanding Voyage Charter Agreements Imagine you’ve manufactured a large batch of products that need to be shipped to a different continent. In this contract, the ship owner provides a vessel and crew for a specified voyage or set of voyages, and in return, receives freight, usually on a per-ton basis.
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