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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.
Cargo theft continues to rise, costing the supply chain billions annually. A reliable third-party logistics (3PL) provider can help you create a secure, resilient shipping strategy that safeguards your freight — and your peace of mind. What is cargo theft and why should shippers like you be vigilant? The good news?
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.
The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility. With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance.
Freight and cargo tariffs are essential components of international trade, especially in a global hub like Dubai. This guide will break down the various elements of freight tariffs, providing insights into how businesses can manage and predict shipping costs more effectively. What Are Freight and Cargo Tariffs?
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.
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.
Total cargo volumes at Port Houston are up 3% at 2.17 million TEUs, compared to the same period in 2024. General import cargo increased 35% year over year in June to 668,504 tons. Charlie Jenkins, CEO at Port Houston, said they are already seeing more cargo movements in July. million tons of total cargo in June, a 3.6%
Analyzing loss activity over the past year, the report found that cargo theft is increasing – in frequency, scope, and sophistication. Almost €37mn of goods were stolen in December alone, the second highest monthly total of 2024 after the €40mn recorded in November, and these numbers are likely to be only the tip of the iceberg.
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. The scammer couldn’t answer.
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.
of total sales in 2024 compared to 15.3% International cross-border e-commerce is typically transported by air cargo. According to the US Customs Border and Protection, 81% of total de minimis moved by air for the fiscal year 2024 ending September 30, 2024, and 85% for fiscal Q1 2025, period ending December 31, 2024.
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.
The cargo theft raises questions about what security protocols Ceva Logistics followed to protect a high-value load and how criminals knew to target the vehicle. Last year, cargo crimes increased to an all-time high of more than $1 billion, up 27% from 2023, according to theft prevention company CargoNet.
Ocean Market Update Reliable Solutions in a Volatile Market The ocean freight market continues to navigate volatility shaped by shifting trade policies, geopolitical uncertainty, and cautious market sentiment. According to AAPA, air cargo demand in Asia-Pacific rose 4.9% Maersk Middle East situation update.
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.
DP World sees big logistics opportunities across Latin America Ports and logistics operator DP World recently opened a freight forwarding hub in Mexico City to support rising demand for cross-border logistics services between Mexico and the U.S. Cross-border freight volumes hit record highs in early 2025, with Mexico exports to the U.S.
Miguel Angel Martinez, president of Mexico’s National Chamber of Freight Transport (Canacar), said some transporters are close to bankruptcy due to an operational crisis at Manzanillo’s customs department. The port handles about 4,000 truck movements daily and processed nearly 4 million twenty-foot equivalent units in 2024.
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. The impact of FraudWatch has been significant.
Crowley has been named a winner of the prestigious 2025 FreightWaves Fraud Fighter Awards, recognizing the company’s innovative approach to combating increasingly sophisticated freight fraud schemes. According to Crowley, the most dangerous threat in today’s freight industry is “the rise of identity theft and synthetic carrier profiles.
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.
DHL Group, based in Bonn, Germany, said the investment, which aims to increase capacity and network efficiency, spans its express delivery, freight forwarding, contract logistics and e-commerce units in Saudi Arabia and the United Arab Emirates. Some of DHL’s investment in the region began in 2024.
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.
In an industry where carrier identity theft and double brokering schemes cost hundreds of millions annually, Descartes has emerged as a frontline defender against fraud in freight transportation. Descartes highlights that “the integration of real-time freight visibility with identity verification is a game-changer.”
billion as of 2024. Cold storage continues to dominate the market, making up 56% of total cold chain activity in the region as of 2024. Saudi Arabia is leading the regional cold chain market, accounting for 36% of the market in 2024. Based on their findings, the cold chain market is expected to reach $41.1 for 2025-2030.
Year-to-date, intermodal volume is up 5% compared to the same stretch in 2024; coal is up 6%, and grains are also up 6%. Union Pacific is moving the most coal: 2025’s week 28 number was up 38% over the same week in 2024, but year-to-date, UP has moved 18% more coal carloads than the same period last year. This year, the Western U.S.
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.
Recognized as a winner of the 2025 FreightWaves Fraud Fighter Awards, Tive has established itself as a leader in combating freight fraud through advanced supply chain visibility solutions. The company’s approach centers on a critical factor that they identify as the greatest threat in freight fraud today: awareness. “In
A trucking entrepreneur, Malcolm McLean recognized the inefficiencies of traditional cargo handling methods and saw an opportunity for innovation. By standardizing container sizes, typically 20 or 40 feet in length, he introduced a level of uniformity that revolutionized cargo handling. Cover image by Alex Bennett from Pixabay.
” 3000+ That is the number of new cars that we being transported on the Morning Midas, a cargo ship headed to Mexico and which sank in the North Pacific on Monday, nearly three weeks after a fiery blaze broke out on board. in May versus the same period in 2024, as the freight recession continues on.
Ocean shipping giant CMA CGM, which acquired Ceva Logistics in 2019 and bought Bolloré Logistics in February 2024 for $5.2 ocean, air cargo and warehousing operations. CMA CGM also launched its own all-cargo airline three years ago. Ceva Logistics is now the fifth largest global logistics service provider by gross revenue.
These ubiquitous metal boxes come in a variety of shapes and sizes, each tailored to specific needs and cargo requirements. Refrigerated Containers At the forefront of specialized shipping containers are refrigerated units, also known as reefer containers, which play a crucial role in transporting temperature-sensitive cargo.
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.
Truckstop emerged as a winner of the 2025 FreightWaves Fraud Fighter Awards with an innovative approach to combating fraud in the freight industry. The company’s standout solution, Risk Factors, is transforming how freight brokers identify and prevent fraud, establishing new standards for risk management across the logistics sector.
According to our 2024 report, Generative AI in the B2B Marketplace , 81% of B2B businesses are already investing in AI, with 79% anticipating increasing their AI budgets within the next year. Yet these same companies have the same anxieties about investing. Timely, incisive articles delivered directly to your inbox.
The DPP is a key part of the EU’s broader Ecodesign for Sustainable Products Regulations (ESPR), which officially entered into force in July of 2024 as part of the region’s stated desire to “accelerate the transition to a circular economy model.” Timely, incisive articles delivered directly to your inbox. Featured Product Popular Stories J.B.
In 2024, the Houthis in Yemen launched more than 50 attacks on commercial vessels in the Red Sea, forcing shipping giants like Maersk and MSC to reroute traffic around Africa’s Cape of Good Hope. government would never ask General Electric to shut down a power grid in Asia, or Ports America to bottleneck cargo in Savannah.
The 2024-2025 Maritime Barometer Report released by the International Chamber of Shipping paints a stark picture: with over 70 national elections impacting half the world’s population in 2024, the repercussions for maritime operations are profound. Said Grimaldi, “Above all, collaboration and communication are key.”
Despite this lack of understanding, a 2024 McKinsey survey found that 71% of companies were using generative AI in at least one business function. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. There are a lot of companies that are investing in this technology,” he says.
In a nod towards changing dynamics in the US small package market, UPS laid out plans to address the challenges it faces in a market that it once dominated with FedEx during its Q4 and year ending 2024 earnings call on January 30. Indeed, for 2024, Amazon made up 11.8% increase in revenue per piece and increase in air cargo.
April 7, 2024 — Evans Distribution Systems , a full-service third-party logistics (3PL) provider of warehousing, transportation, fulfillment, value-added, and staffing solutions, has activated 378,000-square-feet of additional warehouse space in Allen Park and Detroit, as a General Purpose Foreign Trade Zone (FTZ) No. MELVINDALE, Mich.,
billion acquisition of Generative AI start-up MosiacML in 2023, and the upwards on $1 billion acquisition of data management start-up Tabular in 2024. including its global supply chain sustainability software offering for beneficial cargo owners (BCOs) , enterprise supply chain leaders and logistics service providers (LSPs).
Boeing on Monday officially began production of the 777-8 freighter by drilling the first hole into a wing spar, while Airbus reached another milestone in building its new A350 freighter as the companies gear up competition for sales of large cargo jets. in its 2024 commercial market outlook. compounded annual growth from 4.1%
Walmart previously scaled back its drone deliveries in 2024, when it ended the service in Utah, Arizona and Florida, in favor of focusing on remaining operations in Dallas-Fort Worth, Arkansas and Virginia. Eligible products include fresh produce, household essentials and various snack foods.
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