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Was the $1.4 Million Nintendo Switch 2 heist an inside job?

Freight Waves

million, was stolen, discovered missing during a pre-trip inspection at a Love’s Travel Stop in Bennett, Colorado. This major gaming hardware heist highlights the vulnerability of high-value cargo. Rising Cargo Theft Cargo theft surged 27% in 2024, with 3,625 incidents averaging $202,364, per Verisk CargoNet.

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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). Colorado also adopted the rule but will have a heavy duty truck provision begin in 2027.

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Hurricane season 2024: how to prepare your supply chain

Resilinc

Colorado State University (CSU) forecasts 23 storms, 11 hurricanes, and 5 major hurricanes—the highest prediction they have ever issued. Flooded or closed roadways, bridges, and overpasses can delay freight, rail, and even air cargo. For example, during Hurricane Harvey in 2017, the total trucking freight load fell by 10%.

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Hanjin, Hurricanes, Harvests May Boost Truckload Rates

DAT Solutions

The ocean freight industry suddenly lost one of the top ten players when Hanjin Shipping Co. Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S. That means higher volumes, and likely higher freight rates, just when weather starts to turn ugly.

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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, logistics and parcel movement industry. percent drop in cargo volumes.

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Southwest Airlines’ $28M investment expands cargo capacity in Denver

Freight Waves

DENVER – Southwest Airlines on Thursday unveiled a new cargo facility at Denver International Airport that more than doubles throughput capacity and triples the amount of cooler space for refrigerated products to support growing demand for airfreight service in the metropolitan area. We carry about 50% more bags than most airlines.

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Moving On.

Cathy Roberson

This Saturday, Chris and I are heading to Colorado Springs for SMC3’s Connections 2024 Conference. The weekly Freight Forward LinkedIn newsletter will continue as well as the weekly updates. If you no longer wish to receive posts from me, go ahead and unsubscribe here on Substack. Upcoming That’s about it for now.

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