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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.
Allianz Commercial recently released its annual Safety and Shipping Review, discussing trends and risks impacting the global shipping sector. Analyzing loss activity over the past year, the report found that cargo theft is increasing – in frequency, scope, and sophistication. Theft is the standout trend for cargo claims.
Freight and cargo tariffs are essential components of international trade, especially in a global hub like Dubai. Navigating these charges can be challenging for businesses, but understanding them is critical for cost-efficient shipping. Now, let’s dive deeper into the details of how these tariffs work in Dubai’s shipping industry.
One of the key challenges in green freight logistics is reducing emissions from fuel-intensive operationsparticularly in trucking and maritime shipping. Common inefficiencies include empty return trips, poorly optimized delivery routes, and underutilized cargo space.
The term shipper can sometimes cause confusion, as it is often understood by the layman to be the entity that physically ships the goods from origin to destination. Shippers Council meeting at LogiSYM Asia Pacific 2024 in Singapore.
Subscribe Shipping Containers! Infographic) Shipping containers have left a mark on the supply chain industry and beyond. Learn more about how shipping containers revolutionized the supply chain industry in this blog. Supply Chain Optimization Shipping containers played a pivotal role in optimizing supply chains.
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.
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. Ship calls for June were down 11% year over year at 644 vessels. million tons of total cargo in June, a 3.6% million tons. million tons.
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.
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.
Shipping Containers! Infographic) In the vast expanse of global trade, shipping containers serve as the unsung heroes, silently ferrying goods across oceans and continents. These ubiquitous metal boxes come in a variety of shapes and sizes, each tailored to specific needs and cargo requirements. More than just a Box!
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.
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.
Middle East Update – Ongoing Monitoring and Operational Adjustments In light of recent developments in the Middle East, Maersk has resumed vessel calls and cargo acceptance to the Port of Haifa following a period of temporary suspension. According to AAPA, air cargo demand in Asia-Pacific rose 4.9% Maersk Middle East situation update.
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.
of total sales in 2024 compared to 15.3% 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.
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.,
As of Thursday, the SONAR Inbound Ocean TEUs Volume Index shows that import container bookings from China to Mexico (IOTI.CHNMEX) are up 26% since May 12, but down 16% compared to the same period in 2024. They are representative of maritime shipping container demand and a leading indicator of surface transportation demand.
Two recently published studies identify the top disruptions that impacted industry, business and global supply chains during 2024 and our expected to be present in 2025. Resilinc Study Supply chain risk management technology provider Resilinc released this week this providers findings of the top drivers of supply chain disruptions for 2024.
” 3000+ That is the number of new cars that we being transported on the Morning Midas, a cargoship 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. Click here for more FreightWaves/American Shipper stories by Eric Kulisch.
The recent port strike, the closed shipping lane that forced a shift to air transport, the bridge that blocked a port, even the grid brownout that slowed manufacturing, might have seemed like random disruptions. Who pays the crew of the ship that blocked your shipping lane? But take a closer look. This may sound like alarmism.
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.
Cargo Insurance Cargo insurance specifically covers goods in transit. Whether goods are shipped by land, sea, or air, cargo insurance ensures that businesses do not suffer financial losses due to transportation-related incidents. Originally written for Supply Chain Game Changer and published on June 12, 2024.
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%
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.” Featured Product Popular Stories J.B.
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. SupplyChainBrain Container Ship Explodes, Catches Fire Off Coast of India More from this author Subscribe to our Daily Newsletter!
At this time last year, economists and business leaders were cautiously optimistic about 2024, hoping the economy could stage a ‘soft landing’ — cooling off from a period of surging inflation and rising interest rates without tipping into a recession.
The intricate networks of shipping routes, ports, and inland terminals have strengthened the interconnectedness of the world economy, and maritime shipping is the critical mode of global transport. While the drought in Panama has ended and shipping is rebounding, the Suez Canal, where traffic has been cut in half, remains an issue.
Why Intermodal Transportation Is Becoming More Common Intermodal transportation involves moving freight by multiple modes of transportation — rail, air, road and ship. billion in 2024, achieving a compound annual growth rate of 15.2%. Cargo theft already increased by nearly 50% from 2023 to 2024.
billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. Trade Deficit Narrows by Most on Record as Imports Plunge Global Trade & Economics Ship Traffic Through Red Sea Remains Sparse, Despite Houthi-U.S.
Global investment decline may worsen due to tariffs, UN trade agency warns Global foreign direct investment fell for the second consecutive year in 2024, with fears this year could be even worse as trade tensions rock investor confidence, the United Nations agency for trade and development said in a report published on Thursday.
in May versus the same period in 2024, as the freight recession continues on. ” Year-to-date, compared with the same period in 2024, tonnage was up a scant 0.1%. The Index was down 1.3% Construction is soft, manufacturing is up and down, and consumers are cautious.”
Container shortages will cause freight prices to climb The rush of eastbound cargo has resulted in container shortages in China, as Chinese exporters rally to find empty containers to fill cargo and push to US buyers. While a high number, it is still a massive reduction from what businesses faced over the last month.
Political Speech in the Workplace While political speech has quieted some since the 2024 election, it’s likely to become a hot-button issue again ahead of the midterm elections.
IMF warns tariffs aren't the answer to global imbalances Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer.
US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop Rates for shippingcargo containers from China to the U.S. Target explores factory-direct shipping model, Bloomberg News reports Target (TGT.N) Target explores factory-direct shipping model, Bloomberg News reports Target (TGT.N)
The transition has also faced challenges, including supply chain bottlenecks in Vietnam, resulting in a 10% increase in lead times for some products in late 2024. Walmart reportedly reduced Chinese imports by 10% in 2024 , in favor of sourcing more from Vietnam and Thailand. Automotive For Ford Motor Co., Agriculture U.S.
See More Bad News on US Cargo Theft.) Click here to send us your comments In response, the National Motor Freight Traffic Association (NMFTA) has just released a framework it says can help shippers, carriers and brokers fight back against the growing and increasingly sophisticated threat of digitally enabled cargo theft.
Simultaneously, trans-Pacific cargo space is quickly running out, as businesses rush to bring inventories to the US before the tariff pause deadline in mid-August. and is therefore one of the most exposed to the kind of changes now rippling their way through trade and shipping. in the first quarter of 2025.
Further, investor bodies such as Moody’s have warned that a controversial 2024 judicial reform will create uncertainty about the legal security of doing business in the country. Trade Deficit Narrows by Most on Record as Imports Plunge Global Trade & Economics Ship Traffic Through Red Sea Remains Sparse, Despite Houthi-U.S.
Container ship owners swamped as US-China trade detente revives demand Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
Import cargo volume at the nation’s major container ports is projected to conclude 2025 with a 5.6% decrease compared to 2024’s volume, according to the latest Global Port Tracker report released today by the National Retail Federation and Hackett Associates. million TEUs in 2024. million TEUs, better by 3.6%
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