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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

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.

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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. percent drop in cargo volumes.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. The auto industry makes up less than 9% of chip demand by revenue, and that figure is expected to increase by 10% per year until 2025. IATA data shows global demand for air cargo markets jumped 3.7%

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Ocean Risk Management part 2: Navigating Global Shipping Alliance

The Logistics & Supply Chain Management Society

The alliance was formed in 2014 and covers major shipping routes between Asia, Europe, and North America. The 2M alliance will be disbanded in 2025. The alliance covers shipping routes between Asia, Europe, and North America, as well as routes within Asia. Are alliances the best model in the shipping industry?

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Boom Time for the Shared Economy within Supply Chain

Logistics Bureau

The World Economic Forum estimates that by 2025, 15 percent of trucking will be via shared transport platforms and shared warehousing will comprise 20 percent of the market. There are many other instances of the shared economy within the supply chain domain, including the following: 1) Uber Freight. 5) Freightos, Shipa Freight, Convoy.

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Tentative Deal Reached in UPS Labor Contract

Supply Chain Matters

This contract is characterized as the single largest private-sector collective bargaining agreement in North America. Added safety and health protections, to include vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan.

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Truckers and the Future of Work!

Supply Chain Game Changer

The “edge cases”, a technology term that refers to the problems that arise at the extreme ends of operation, are so vast for technology (like how much braking power to allocate based on the cargo in the trailer) that one can make the case that autonomous trucks will NEVER be Road Ready. What happens when the cargo is damaged or stolen?