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Read more The post Above the Fold: Supply Chain Logistics News (October 11, 2024) appeared first on Talking Logistics with Adrian Gonzalez. East Coast Ports strike lasted (although, as I highlight below, the strike has only been paused until January 2025). Where have I been?
If your business ships freight , you never want to hear the words "cargo" and "theft" in the same sentence. Cargo theft is a hot topic and major concern in the logistics industry and has been on the rise in recent years. In fact, more than $150 million worth of shipments were stolen in the first quarter of 2024 alone.
In April 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year.
More Resources Home August 6, 2024 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 to $2.57/kg kg and 20% to $1.56/kg
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.
Blog More Resources Home September 10, 2024 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 rates from China to N.
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.
More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.
Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? And the answer lies in how their 2023 went too.
That is what we call our Thule cargo box that we put on top of our car. Read more The post Above the Fold: Supply Chain Logistics News (May 31, 2024) appeared first on Talking Logistics with Adrian Gonzalez. I almost killed Jonah a few years ago.
But in the context of the Shippers Council, the shipper is the cargo owner (or BCO beneficial cargo owner), usually a manufacturer, who contracts with a logistics service provider (LSP), which, in the Councils definition, can be a transportation (land, sea, air) company, an express company, a forwarder, or a full-fledged 3PL.
Common inefficiencies include empty return trips, poorly optimized delivery routes, and underutilized cargo space. Use Cases in AI-Driven Green Freight CMA CGM & Google Cloud: In 2024, global shipping firm CMA CGM partnered with Google Cloud to deploy AI across its global logistics network.
More Resources Home July 9, 2024 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 and 10% to $1.88/kg
In April 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year.
The service works just like Uber — Read more The post Above the Fold: Supply Chain Logistics News (September 13, 2024) appeared first on Talking Logistics with Adrian Gonzalez. My wife was hesitant at first, but I wanted to do it, so she came with me. It was an interesting experience.
to discuss the evolving landscape of cargo theft that continues to plague the freight industry. While straight theft (the physical taking of trucks, trailers, or cargo from where they’re parked) remains the most common form of cargo theft, criminal tactics have shifted in the last few years.
Read more The post Above the Fold: Supply Chain Logistics News (August 30, 2024) appeared first on Talking Logistics with Adrian Gonzalez. They put their helmets on when they leave the house for school, but the moment they turn the corner and are out of.
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 Q1 2024. increase from Q4 2023.
Read more The post Above the Fold: Supply Chain Logistics News (May 24, 2024) appeared first on Talking Logistics with Adrian Gonzalez. I suspect many of you have taken today off from work, as I have (I’m on my way to Ithaca, New York for my son’s graduation from Cornell), so I’ll make it quick and simple this morning.
This major gaming hardware heist highlights the vulnerability of high-value cargo. Rising Cargo Theft Cargo theft surged 27% in 2024, with 3,625 incidents averaging $202,364, per Verisk CargoNet. Strategic thefts, including double-brokering and identity fraud, spiked 430% in 2024. Incident Details At 8 a.m.
Read more The post Above the Fold: Supply Chain Logistics News (April 12, 2024) appeared first on Talking Logistics with Adrian Gonzalez. . — While it rains outside, here’s the supply chain and logistics news that caught my attention this week: Necessity.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supply chain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
Among the various parties involved, a cargo loader holds a significant role. According to a study conducted by the Federal Motor Carrier Safety Administration (FMCSA), cargo-related factors contribute to a significant number of truck accidents each year. In that case, they may be held liable for damages resulting from the accident.
Ratchet straps are a brilliant choice when you’re looking to secure your cargo while on the move. In this guide, we’ll outline the factors you should consider when selecting a ratchet strap for your cargo. When choosing a ratchet strap, go for one with a rating that exceeds your cargo’s weight for added security.
She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. percent in early U.S.
million worth of stolen cargo; and freight theft cases in Illinois and Kentucky surged in April. Peel investigators began looking into a cocaine smuggling operation in June 2024 that was using commercial vehicles to carry the drugs from the U.S. The trailer and its cargo, valued at $1.6 into Canada.
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.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
The UNESCO staff explains, “On June 7, 2024, the United Nations proclaimed 2025 as the International Year of Quantum Science and Technology (IYQ). And while quantum computing may not have yet hit the mainstream in a way thats visible to many of us, 2024 saw the emergence of several important real-world use cases.
2024 Typhoon Season has Caused Billions in Agricultural Losses This year’s typhoon season has been particularly disruptive, severely affecting port operations and shipping across the western Pacific, with significant storms such as Gaemi, Ampil, Shanshan, Yagi, and Bebinka impacting Taiwan, China, Japan, Vietnam, and the Philippines.
More Resources Home October 22, 2024 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 shows Middle East – N.
Hapag-Lloyd has released plans to utilize the newly developed Container Payment Portal (CPP) to accelerate cargo movement for customers and supporting terminal operators. It ensures secure, efficient, and transparent transactions, helpingHapag Lloyd’s terminal partners and customers improve cargo flow across U.S.
As my colleague Colin Masson pointed out – Colin is ARC Advisory Groups expert on industrial use cases for AI – at ARCs Industry Leadership Forum in 2024, end users were largely observers who were eager to learn about things like Gen AI, agents, and industrial use cases for using AI. We are descending the AI hype curve.
The rise of cargo theft through cybersecurity loopholes demands robust countermeasures like two-factor authentication and restricted access controls. The NMFTA Cybersecurity Conference , happening October 27-29, 2024, is the premier event for trucking and supply chain cybersecurity professionals.
Just to start with the most basic point about it, sea trade has been the largest carrier of cargo in the history of the world. In fact, even the land-bound parts of the Silk Road didn’t see as much cargo and trade-goods moving along it as the oceans and seas have.” The decline in the size of the U.S.-flag Critical U.S.
Electrification continues to make rapid inroads into trucking, as the International Energy Agency (IEA) recorded an 80% growth in sales in 2024 , led by China and making it the third consecutive year of expanding sales after poor market performance from 2018 to 2021. in contrast experienced similar sales to 2023 in 2024, reaching over 1,700.
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.
Thousands of containers and cargo are being held up and experiencing critical delays; yards are completely overwhelmed, and customs inspections often exceed 72 hours per unit, without adequate care and sanitation for our operators,” Martinez posted on X on Saturday. Ernesto Hernandez Jr.,
Navigate the top climate change issues set to impact the supply chain in 2024. Now, it is predicted that 2024 has a 99% chance of ranking in the top five warmest years. In fact, Resilinc’s CEO, Bindiya Vakil, named Climate Change as one of the top five supply chain megatrends for 2024. 2023 was the warmest year on record.
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. percent in Q1.
Just 14 years later, the first air cargo flight took place in 1910. 2] Melanie Hinton, “ Celebrating the Industry on National Logistics Day ,” 3PL Perspectives, 1 June 2024. [3] Bowman, “ The Role of AI in Logistics: Getting Beyond Hope and Hype ,” SupplyChainBrain, 13 May 2024. 5] Robert J.
More Resources Home Welcoming Shipsta to Freightos Zvi Schreiber August 19, 2024 Today, I’m beyond excited to share some big news with you — Freightos has acquired Shipsta! Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
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