article thumbnail

De Minimis Value: Your Essential Guide to International Trade Regulations

ShipBob

With the combination of benefits to international sellers and consumers, it’s no wonder parcel volume is expected to grow 11% CAGR up to 266 billion parcels by 2026. For example, in 2016 the US raised the value of a shipment of merchandise from $200 to $800 USD with the passage of the Trade Facilitation and Trade Enforcement Act ( TFTEA ).

article thumbnail

Air Cargo is Gaining Momentum in 2023

American Global Logistics

Air freight has evolved dramatically, especially after the pandemic. Since then, air freight has adapted to various market demands and technological advancements. 2023 Air Freight Industry Analysis Air freight is a vital part of the global economy. The largest air freight carriers in the world are FedEx, UPS, and DHL.

Cargo 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How IoT Improves Consumer Packaged Goods Value Chain

Savi

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. Just a few examples: By using insights that identify an optimal departure time, shippers could accurately anticipate ETAs before a truck even begins its journey.

article thumbnail

Trucking Companies Are (Finally) Recruiting More Women

Elementum

If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026. They’ve since been struggling to meet increasing demand for freight transport. Truckload carrier Schneider, for example, plans on implementing fleet-wide automatic transmissions by 2019.

Company 100
article thumbnail

Southwest Airlines’ Flight Path to Carbon Neutrality

Logistics Viewpoints

For the foreseeable future, the relative contributions of aviation will increase relative to the rest of the transportation sector because other modes of transportation—for example, road vehicles—are able to shift to alternatives such as electric vehicles. Velocys will synthesize biofuels out of forest residues at this facility.

article thumbnail

How to Build an Amazon Distribution Network for Third-Party Sellers

Ware2Go

Grocery was one of the fastest growing ecommerce segments in recent years and is projected to make up 20% of ecommerce by 2026. For example, when shopping shifted heavily to ecommerce in 2020, Urban Outfitters saw that the cost of shipping orders was eating into their margins.

article thumbnail

3PL vs 4PL: How to Know Which One is Right for You

GlobalTranz

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. It includes brokerages and freight forwarders, but there comes a point at which simply outsourcing to a single 3PL or even several 3PLs grows too complex to handle. Billion by 2026.

3PL 210