article thumbnail

October 31, 2023 Update

Freightos

On the industry level, overcapacity is estimated to peak next year, after which some carriers expect the market to balance out , while some analysts expect the market to be in some state of oversupply through 2028. In air cargo, there are signs that global volumes are increasing. Freightos Air Index China – N.

article thumbnail

This Week in Logistics News (September 16 – 22)

Logistics Viewpoints

Cargo volumes at the Port of Los Angeles rose 3 percent year-over-year to 828,016 TEUs in August, marking the first increase in 13 months, port officials said. Located at 4698 Truax Drive SE in southeast Salem, the site will be near other industrial hubs like the Amazon Fulfillment Center.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Responding to the 2023 IMO GHG Strategy

The Logistics & Supply Chain Management Society

This means that further consideration will be required when the Strategy is next revised by the IMO in 2028. Actors should consider inter-industry collaboration to decarbonize multiple intertwined chains. Identify and activate relevant decarbonisation enablers. Leverage circular economy principles as a driver for systemic change.

article thumbnail

June 21, 2023 Update

Freightos

The tentative agreement that will head through a ratification process over the next couple months reportedly includes a $70 million bonus and a gradual 32% wage increase for union members through 2028. Freight news travels faster than cargo Get industry-leading insights in your inbox.

article thumbnail

This Week In Supply Chain Management Tech- June 14 2022

Supply Chain Matters

In this regular edition of our featured column, Supply Chain Matters This Week in Supply Chain Management Technology , we provide a capsule synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based multi-industry supply chain readership.

article thumbnail

Pharmaceutical Shipping: Tips to Lower Transport Spend

Intelligent Audit

These problems are especially unhelpful to a burgeoning industry that covers vast distances. As ebbing restrictions and country lockdowns impact international air travel, significantly fewer flights can transport pharmaceuticals with the available cargo space. Operational costs are enormous in industries as large as pharmaceuticals.

article thumbnail

How to grow your e-commerce business in Southeast Asia in 2024

Vinculum

The ecommerce revenue growth trends of Singapore, Malaysia, Vietnam, Thailand, Philippines, and Indonesia over the period till 2028 all show a growth of over 60%. Ecommerce revenue in Southeast Asia (see Fig.1) billion in 2023 to $60.63 billion in 2024. 1 Ecommerce revenue forecast of selected Southeast Asia countries.

Asia 52