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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period.

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Freight Invoice Facts to Know About Errors

Intelligent Audit

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .

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8 Things to Know in Shipping, Freight, Logistics & Supply Chain this Week

Intelligent Audit

Because the supply chain’s design only operates smoothly under ideal circumstances, FreightWaves reported that the post-COVID world , “will remain under constant threat of disruption for the next decade, especially amidst the “conflict between environmental, social and governance (ESG) goals and supply chains optimized for cost and speed.”

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FedEx’s Network 2.0, UPS Extends Pilot Contracts, Amazon Slows Warehouse Expansion & More

Intelligent Audit

On June 29, FedEx revealed “Network 2.0”, a new long-term strategy focused on collaborating with FedEx’s three previously separate entities: FedEx Express, FedEx Freight, and FedEx Ground. Supply Chain Dive reported on this situation, sharing, “With the current contract expired, clauses not to strike or invoke lockouts are now void.”

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Supply Chain Uncertainties Leave Industries on Edge

Intelligent Audit

According to FreightWaves, the FreightTech 100 2023 is “[…] a selection of the most innovative companies in the freight technology space.” UPS is not alone in announcing lofty peak-season hiring ambitions; according to recent reporting from SupplyChainDive , “ the U.S. Freight Rail and Union Members Reach Tentative Agreement.

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

Cargo planes could not fly out of or into Russia or Ukraine. Likewise, ships could not sail into or out of Russia and Ukraine. That exacerbated food shortages with Russia and Ukraine among the top five grain exporters. As mentioned above, economic sanctions led to major impacts on Ukraine and Russia. Both the U.S.

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The Endless Complexities of the Ocean side of Supply Chains

SCMDOJO

The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. Source: project44 Monthly report. Sea-Intelligence’s Global Liner Performance (GLP) report, continues to slowly creep upwards, increasing to 35.9%