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Through innovative technology and strategic collaboration, CrimsonLogic and Newage are set to enhance efficiency and transparency in freight management and customs processes. This integration, which went live last month, aims to simplify customs compliance for freight forwarders across North America — starting with Canada.
An interest group of the Singapore-based Logistics & Supply Chain Management Society (LSCMS), the Shippers Council is a professional association that counts members from organizations with a vested interest in logistics, including end users, technology and service providers, government and academia.
Singapore’s Status a Global Hub. From its peak, 97% flight capacity was reduced from Singapore Airlines. Typically, 45% to 50% of cargo is carried in belly holds of aircraft. With such dramatic reductions in flights, Singapore’s status of a logistics hub was put severely at risk. Keeping Supply Chains Moving.
As a key Southeast Asian hub, Singapore is a small but important market for many overseas sellers. Foreign trading companies may find it daunting or time-consuming to juggle multiple custom duties, especially if Singapore is an unfamiliar market to them. 2) Managing multiple payments and papers to clear Customs.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this.
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.
Singapore 12th August 2021: Recognising the heightened focus on overall supply chain performance due to increased disruption and challenges, shippers, manufacturers and beneficial cargo owners (BCO’s), are increasingly faced with soaring freights rates and what they, correctly or otherwise, perceive to be sub-standard or inferior service.
Last month, I had the privilege to visit the Energy Observer, which was making a stop right here in Singapore during her around-the-world voyage! The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. by Tim Foote, Founder of Susymbio. Timothy Foote.
Recently, CEVA Logistics joined the Singapore Changi Airport community in a humanitarian aid project to transport 14,000-kilogram of oxygen concentrators from Los Angeles to Jakarta via Singapore. CEVA was responsible for delivering hundreds of parts to the GM Kokomo, Indiana, facility, in the U.S., Photo Credit: Changi Airport Group.
Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. CARRIERS & CARGO BRAVE NEW ROUTES.
More Resources Home July 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 7% to $5.58/kg kg China – N.
Or so I thought until I ran into some old and new friends at the recent Payload Asia Conference in Singapore. I decided to attend because one of the topics on the agenda was the impact of e-commerce on the air freight business. Cargo: The hidden passenger. Then, both passengers and cargo shippers started demanding lower prices.
And, if many of those packages cross the Pacific waters, or generally travel farther than 600 kilometers, the air cargo shippers specializing in express packages will also stand to benefit from that wave of volume. That leaves the trans-Pacific air freight lane as the key engine of growth, both in volume and revenue.
When moving cargo, can shipments be consolidated more? Tim has crafted delivery solutions for many e-commerce clients and managed the supply chains for several chemical and freight forwarding companies. Can packaging have less weight? Can pallets be built higher? Can pallets weigh less? Can the warehouse be skipped altogether!?
Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. TRAMES is all about International Freight Orchestration (IFO). Monopolistic supply is extremely rare, especially in the freight industry where service providers have varying strengths in the different markets.
The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.
As air cargo rates reduce, indicating a return of freight capacity, but could this also signal a massive carbon emission increase? Tim volunteers his free-time with the Singapore Wildcat Action Group, a not-for-profit organization that raises awareness and funds for wildlife conservation.
There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. The planners could choose to switch cargo from a slow-moving ship to air, for example.
Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services.
It allows for better tracking of cargo and people in airports, enhanced security, and enhanced safety – just to name a few. These applications translate ultimately to less down time, less distance travelled, less misrouted cargo, less idle time at the airport, and less flight time circling over the airports, waiting in line to land.
An indication for this belief is the level of fundraising reached by digital players like Flock Freight, a trucking platform and project44, a supply chain visibility platform, which reached US$113.5 million and US$100 million respectively. Actors themselves need to overcome their resistance to new business models.
Air Cargo World. This American based niche news site specialises in air cargo. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. Ocean freight is split into 14! sections in this Singapore-based niche news site.
In April 2022, Singapore and Palau joined the initiative taking the total to 24 country signatories. We saw the first Green Corridor MOU between the ports of Los Angeles and Shanghai; other ports followed with agreements, including Gothenburg and Rotterdam, Gothenburg and Gent, Hamburg and Halifax, and Rotterdam and Singapore.
As of Friday, September 2, 45 of its ships remain adrift at different ports in China, Japan, Singapore, and India, and other countries—they’ve been denied access by operators who fear that the company might be unable to pay docking fees. Rahul Kapoor, Director at Maritime Consultancy Drewry Financial Research Services. Global Disruption.
Sometimes bumper-to-bumper, transport vehicles need to expend lots of energy to their air conditioning units just to keep interiors cool enough for their drivers and their cargo. He crafted delivery solutions for e-commerce clients and managed supply chains for several chemical and freight forwarding companies.
In 1963, Singapore, Sabah, and Sarawak joined the Federation. The fledgling country was troubled by an insurgency, confrontations with Indonesia, the Philippine’s claim on Sabah and then Singapore’s withdrawal in 1965. The country moves over 2 billion mt-km of freight per year. . In 2017, Malaysia exported $187.9
One to two weeks before CNY, factories will speed up their production causing a surge of freight. Provide a forecast of your expected cargo to your shipper’s representative. Singapore – CNY – February 16-17. During CNY they will close down completely. Reserve space on passenger flights for shipments which cannot be delayed.
More Resources Home July 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices stayed level at $5.57/kg Europe – N.
More Resources Home June 11, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices fell 12% to $3.40/kg. Europe – N.
Results at FedEx Freight, the largest less-than-truckload carrier in the nation, fell 4% to $2.9 FedEx is preparing to spin off Freight into a stand-alone company next year. The retirement last quarter of 12 cargo jets is also intended to help on the cost front. Postal Service contract last September. billion, down $1.1
More Resources Home July 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 7% to $5.58/kg kg China – N.
Ikea’s Singapore operations called it a “global transport crisis” and estimates 850 of its 8,500 products are affected by shipment delays. A Chinese worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China’s Shandong province. Compared with last March’s low prices, freight rates from China to the U.S.
Blog More Resources Home September 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 5% to $3.61/kg.
More Resources Home June 4, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 5% to $5.43/kg kg China – N.
More Resources Home May 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices stayed level at $4.02/kg.
Hamburg, Singapore, and other busy ports are also conducting pilots of autonomous UAV (drone) operations to speed deliveries to ships, conduct inspections and perform other functions. Hamburg is testing self-driving trucks and Rotterdam plans 10 pilot projects to increase automation and lower emissions from port operations.
More Resources Home May 21, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 11% to $4.00/kg. Europe – N.
However, the announcement should not have come as a surprise, as the ocean cargo market has been suffering for some time by a condition of overcapacity, low rates, and a flat global market. once they’ve been allowed to discharge cargo to protect the interests of maritime lien holders. bankruptcy code. Judge John K.
has introduced an AI-powered sorting robot at its air cargo terminal in Cologne, Germany to improve the accuracy of conveyor systems that move and route packages. In 2022, FedEx deployed more sorting robots at its South China e-commerce sorting center in Guangzhou, China, and its Singapore hub. FedEx Corp. distribution facilities.
Reports said the fires were ignited Monday by an explosion in the cargo hold of the 882-foot Singapore-flagged ship, built in 2005. A major firefighting and rescue operation is underway following a fire onboard #Singapore -flagged container vessel MV Wan Hai 503, 130 NM North -West of #Kochi. Update on #MVWanHai503 Incident.
More Resources Home June 25, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Air cargo rates out of S. kg China – N.
Feightos Goes Public in SPAC Deal Cloud based freight booking and payments tech provider Freightos began trading as a public company in late January via a merger with a special purpose acquisition company Gesher I Acquisition. The tech company reportedly raised $80 million in the transaction.
Freightos Limited , a global freight booking and payment platform, and Gesher I Acquisition Corp., Reportedly, the tech provider will also utilize a portion of the debt financing provided by funds and accounts under management by BlackRock to invest in scaling headcount in key areas. . . Freightos Merges With Gesher I SPAC.
The Port of Tauranga has announced it is prioritising the unpacking of essential goods so that the cargo can be handled and transported first. For example, it may be beneficial to combine different transport types by flying goods to Singapore before shipping them to Australia rather than just shipping from their location of origin.
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