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Freight fraud and cargo theft have gotten so bad that private businesses like Freight Validate and the Freight Fraud Task Force have been developed to fight fraud on the front end. The agency is gathering public comment and refining the proposal based on feedback, with implementation likely to begin in 2026.
An international rail terminal is scheduled to open in 2026. Subscribe to FreightWaves’ Rail e-newsletter and get the latest insights on rail freight right in your inbox. The logistics hub and container depot already serves companies including Amazon (NASDAQ: AMZN ), Ross (NASDAQ: ROST ), Target (NYSE: TGT ), and Walmart (NYSE: WMT ).
More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend. The Freightos Baltic Index (FBX) has become the industry standard for container freight rate tracking, providing transparency in a historically opaque market.
Under “intermediate” products, the first sectors to be impacted are iron and steel in 2026, and aluminum in 2027. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico Freight Forwarding/Customs Brokerage The Top 8 EDI Myths - Debunked! Timely, incisive articles delivered directly to your inbox.
As part of its partnership with drone company Wing, the retail giant intends to bring drone deliveries to Houston, Tampa, Orlando, Atlanta and Charlotte by June of 2026, and will expand existing services in the Dallas-Fort Worth region.
First up was UPS’ plan to reduce Amazon volumes 50% by the second half of 2026. But its freight forwarding team should benefit by helping its customers maneuver through such issues and act as a consultant by recommending ways to mitigate global risks. increase in revenue per piece and increase in air cargo. billion, a 1.5%
Reliance on China for Rare Earths Wal-Mart Brings Price War to Groceries, Boosting Pressure on Big Food Retailers Bloomberg Toyota, Daimler Finalize Plan to Merge Truck Units in 2026 More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop Rates for shipping cargo containers from China to the U.S. Tariff risks muddy global outlook for factories Worries over future U.S. Exclusive: Nissan seeks to delay supplier payments to free up cash, company emails show Nissan Motor (7201.T)
The company reportedly plans to shift 15% to 20% of its production to India and Vietnam by 2026, reducing exposure to U.S.China tariffs. companies would relocate at least part of their supply chains to North America by 2026. With 2025 tariffs increasing component costs, Apple has accelerated efforts to diversify its supply chain.
Germany begins trials to reopen Mosel river to shipping after accident damaged lock Authorities began trials to reopen the Mosel River in west Germany to domestic freight transportation over the weekend, with ships now able to use a damaged lock after an accident last week.
Sales Slowdown The tariffs further complicate chief executive officer Calvin McDonald’s target of doubling sales from 2021 to 2026. Lululemon’s guidance assumes 30% tariffs on China and 10% on other countries. Rising competition and promotions in the apparel industry, and years of higher inflation, are also hindering the company.
the secretary of the Department of Health and Human Services, said he had reached “an understanding” with food manufacturers to remove commonly used artificial food dyes from their products by 2026. Kennedy Jr., The Times said Kraft Heinz is the first major food company to officially announce plans to do so.
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. The team is also a fantastic addition.I
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Supply Chain Brain ). Bloomberg).
Visibility Through Volatility Mitigate supply chain disruption by synchronizing tendering, rate validation, and freight bookings. More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend.
Imagine moving cargo across continents as smoothly as computers process data. It may seem impossible today, but the physical Internet could be embedded into freight supply chains by 2050. That is not to say that freight exchanges will cease to exist. Where does such change begin?
According to The Maritime Executive , Shanghai port authorities expect automated operations to handle 30 million TEU by 2026. And freight-forwarder Hellman will begin a pilot next year using 60 UAVs for air cargo operations between 39 airports in 13 European countries, according to Reuters.
STATE OF FREIGHT. · More than a fifth of the distance driven by European cargo trucks in 2021 was “deadhead mileage,” where vehicles traveled empty, often on the return leg of a journey. · The road freight industry has a big problem. The road freight industry has a big problem. And there’s no easy fix in sight.
And these trends have held out over the past two years as e-commerce remains a booming industry and shipping and freight network transportation demands from consumers also remain higher than ever. . Freight contracts is the legal agreement established by two or more parties. Cargo Liability.
For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Then there is the Russian blockade of Ukrainian ports with which carriers must contend. increase in wages.
Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers. Given that most freight is transported over the road, this is a serious concern. Plagued with driver shortages, theft, and delays, transportation undermines results from all other cost initiatives.
A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping. It also shifts the last-mile technology competition to Google, Microsoft, and other large cloud-based API providers. But, more importantly, Google seems to understand the importance of consumer experience.
Cargo thieves are increasingly targeting high value goods over basic freight, despite the increased level of planning needed to pull off a successful heist and the elevated consequences if they get caught, according to a study from Overhaul.
There’s a mandate in place for full electrification by 2026. West coast container imports rose in September as California ports continue to win back business lost when nervous importers rerouted freight flows to Gulf and East coast ports during a series of worker strikes in June.
Air freight has evolved dramatically, especially after the pandemic. As we navigate the third quarter of 2023, it's time to examine air cargo's role in global commerce. Since then, air freight has adapted to various market demands and technological advancements. In 2020, the global air cargo market was worth an estimated $287.4
Results at FedEx Freight, the largest less-than-truckload carrier in the nation, fell 4% to $2.9 FedEx is preparing to spin off Freight into a stand-alone company next year. The retirement last quarter of 12 cargo jets is also intended to help on the cost front. Postal Service contract last September. billion, down $1.1
It’s possible the plane could enter commercial service before the end of the year or in early 2026. Neither company has indicated where the cargo plane will be deployed, but there are several possibilities based on existing business relationships. The last time FedEx acquired a converted freighter — a Boeing 757 — was in 2016.
Another Lyon cargo facility In related news, ground handling agent Worldwide Flight Services announced Thursday it has signed a 20-year lease to operate a large air cargo terminal in the CargoPort area of Lyon-Saint Exupéry Airport, due to open in summer 2026. The new DHL facility is located in the same dedicated freight zone.
2025 featured a strong sponsor lineup, including Cargado, Monex USA, Volvo Trucks, Evans Transportation, Werner, Dunavant, Atlantic Logistics, and more, with complimentary admission for all logistics providers, shippers, and freight brokers. In contrast, Mexican cargo insurance often involves lenient liability requirements.
Freight Transportation Forecast to 2026. Take a look at some of the specifics of the Freight Forecast and how shippers may adapt to the coming increases. Vitals of the Freight Forecast. Some of the highlights of the Freight Forecast include a dramatic increase of 28.6 percent by 2026. percent by 2026.
By 2026, the US domestic parcel market is expected to reach 134 million pieces, a 70% increase from 2020, according to FedEx. Meanwhile, the US domestic B2B market will grow at a 5% CAGR through 2026. The last mile will be under intense scrutiny this year as retailers look to reduce costs while managing even more deliveries.
There are all kinds of fun cargo in niche markets that needs to get hauled. billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products.
There are all kinds of fun cargo in niche markets that needs to get hauled. billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products.
The US FDAs Phase-Out of Synthetic Food Dyes The US FDA’s initiative to phase out eight petroleum-based synthetic food dyes by the end of 2026 presents significant challenges for the food and beverage supply chain.
The US FDAs Phase-Out of Synthetic Food Dyes The US FDA’s initiative to phase out eight petroleum-based synthetic food dyes by the end of 2026 presents significant challenges for the food and beverage supply chain.
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