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Lufthansa Cargo has finalized the implementation of its production planning and control (PPC) transformation project. The new production planning system assists the planners in scheduling the break-down of incoming cargo and the build-up of outgoing freight for onward transport by truck or flight. Lufthansa Cargo AG.
More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.
More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.
The unprecedented cargo logjams off the southern California coast wreaking havoc on supply chains show no signs of waning. Carrier capacity tops the list of parcel shippers’ challenges. E-commerce order volume keeps climbing, straining carrier capacity with shippers sending more parcels outbound and receiving more returns inbound.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
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.
But the discussion quickly turned to exploring why – given the marked shift to eBookings in air cargo – does the prevalence of eBookings in ocean logistics still lag so far behind? Airlines representing more than 60% of global air capacity are now available on third party booking platforms, compared to only 14% at the end of 2020.
Air cargo for example, though continuing to make digital strides, is still behind – and is often compared to – passenger travel where digitized capacity, pricing and online bookings have been around for decades and is in some ways the digitalization template air cargo is referencing.
Taken together with reports that utilization levels are over 90% to the West Coast, though closer to 80% to the East Coast, spot rates still above contract levels and likely above break-even mean carriers – for now – are managing transpac capacity successfully. Freightos Air Index data show Asia – N. Europe rates of $3.70/kg
Air cargo visibility is also becoming a more important aspect of overall transportation visibility. This is due to the limited capacity on trucks and boats as capacity has shrunk and demand has surged. It is a lot harder for many companies to find capacity on boats. These changes can add significant time to the ETA.
Simplify, Synchronize, Succeed Gain consolidated visibility into rates, capacity, and market shifts. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates. When rates are changing daily and capacity is fluctuating, this approach is simply unsustainable.
Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. percent, or $24.5 billion worth, the survey found.
“However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits. So, there was supply chain disruption. is the principal destination for many of these goods.
in push for freight decarbonization China e-commerce exports, unreliable Red Sea shipping boost air cargo Sephora is expanding its take-back and refillables programs Amazon announced that it delivered to Prime subscribers at its “fastest speed ever” in its quarterly earnings on Tuesday.
And though some carriers will reportedly introduce rate increases in mid-August , easing demand and increased capacity for this lane have many doubtful that rate increases will stick. Prices were stable even as demand gradually improved in the first half of the year , since enough capacity stayed in the lane to keep rates from climbing.
Existing technology for EV batteries can only create cells that last up to 20 years or around 200,000 miles before their capacity drops too low to power a vehicle. Shipping companies added capacity, but now containers are stuck in port. Cargo losses escalate as thieves target cars, electronics. Robot orders surge again in Q1.
According to a company blog post, Amazon will also now provide sellers with an estimated capacity limit “for the following two months to help sellers plan over a longer time horizon.” Lastly, sellers can also now request more capacity, by providing a reservation fee per cubic foot that they are willing to pay.
Meanwhile, massive passenger airline restrictions dramatically reduced air cargocapacity, sending rates through the roof. WebCargo Sky , the world’s largest air cargo platform for live pricing, capacity assessment, and eBooking from global airlines. And, of course, then the potential recession started to tamper demand.
But a strike would strand imports and exports already at East Coast and Gulf ports, create backlogs and tie up capacity as some vessels wait for ports to reopen. Reduced capacity and diversions to West Coast alternatives could lead to spiking rates and congestion at these ports too. Freightos Air Index rates from China to N.
This relative stability in September – though these rates, even with elevated volumes, are still partially facilitated by significant capacity restrictions by carriers – could point to the consistency in volumes projected by the NRF and the possibility of a moderate but sustained peak through October. kg since early August.
In air cargo, the seasonal lull combined with overall low demand is pushing volumes below pre-pandemic levels at some of Europe’s major hubs , though some in the industry are hopeful that electronics product launches set to begin soon could drive some peak season rebound in the coming months nonetheless.
Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few. When we think of fraud in the supply chains, often we think about organized cargo theft.
The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers. million TEUs of capacity it must fill. Today, 75 to 80% of cargo arrives on time. The shift to full end-to-end integration, of course, leaves no one else in the middle.
This can mean more efficiently matching loads with capacity, using visibility tools to predict more accurate ETAs, optimizing routes, and ensuring that trucks can be loaded and unloaded as efficiently as possible. AI can be used to “learn” about constraints, such as capacity, regulations, and hours of service, and properly plan shipments.
Target is increasing its use of larger delivery vehicles in markets served by its sortation centers, improving capacity and creating more efficient routes, executive vice president and COO John Mulligan said on an earnings call last week. Target has been testing high-capacity van routes at Dallas and Minneapolis sortation centers.
Ocean carriers hoped to push rates up by reducing capacity even as seasonal volumes decrease, but Asia – US West Coast and Asia – Mediterranean prices are now about even with mid-October levels. In air cargo, Freightos Air Index data show China – N. Europe prices rebounded 25% to $4.23/kg
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. At full capacity, the company said, the factory will employ 500 human workers in Salem. They will work alongside the bipedal humanoid Digit robots.
The platform boasts a network of over 15,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargocapacity to earn extra income. FRAYT has a network of over 15,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargocapacity to earn extra income.
While COVID-19 had a significant impact on the current state of the LTL market, capacity was already constrained prior to the pandemic as carriers right-sized their fleets and were challenged with the ongoing driver shortage. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.
Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. In other words, while demand was dropping, supply of capacity was increasing. In other words, this is a far cry from 2021 and its dramatic capacity shortage.
Thanks to freight forwarders who procure air and ocean capacity digitally on WebCargo and to those who use WebCargo software to automate their pricing and sales. 90% of products in the US are imported, mostly arriving by sea, in a container, or by air cargo. Cargo, or carga in Spanish, originally means a load or burden.
However, I did see reports on the destruction of Ukraine’s Antonov An-225, the world’s largest cargo aircraft. Antonov also produced a number of slightly smaller, but still substantially large load capacity aircraft known as An-124s. According to The Spectator , Ukraine “occupies a niche at the very heavy end of the industry.”
With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. Fortunately, strategic planning can help you deliver your land cargo on-time , despite the abundant labor shortages. Low Land CargoCapacity. Solutions for On-Time Land Cargo Delivery.
Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. Most larger shippers move the lion’s share of their capacity using long-term contracts. That’s exactly where Shipsta comes in. And it’s happening.
Approximately 73% of respondents cited progress in omnichannel improvements over the past year, but express cautious optimism for their company's supply chain and capacity. Tight capacity and high rates. Shrinking capacity from higher freight volumes results in higher rates throughout peak season and beyond.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. are then directly transported to a Walmart fulfillment center.
Avenues of transport are declining as major cargo airlines, like Cathay Pacific , drastically reduce flights to mainland China and Hong Kong. By dynamically adjusting capacities and utilizations within the app, they were able to optimally reallocate volumes and develop a new production and distribution plan.
Amazon has launched a new fulfillment center in Riyadh doubling its total storage capacity in Saudi Arabia and increasing selling opportunities for small and medium-sized businesses. million cubic feet capacity can store more than 9 million products, according to a statement. manufacturers re-evaluating their reliance on China.
Long Beach, LA ports set June cargo records. The influx of cargo is due to several reasons, according to port officials. The facility is part of a broader initiative to add more capacity into Walmart’s supply chain as the retailer prepares for growth. Walmart to order 4,500 Canoo EVs for last-mile delivery. Alphabet Inc.
The platform boasts a network of over 22,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargocapacity to earn extra income. FRAYT has a network of over 15,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargocapacity to earn extra income.
Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – N. An increase in transhipment has caused intra-Asia and Asia/S.Asia – Middle East volumes to climb, with congestion and capacity shifts to other lanes also contributing to higher ocean rates on these lanes.
In other Amazon news, the company has adjusted its Fulfillment by Amazon (FBA) seller capacity for the peak season. As part of its preparation, it offers most sellers higher estimated capacity limits for October. However, most sellers will also see lower estimated capacity limits for November. “In days for general cargo vessels.
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