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And now on to this week’s logistics news. UPS announced Sunday it plans to sell its truckload brokerage business Coyote Logistics to the technology-enabled brokerage RXO for $1.025 billion. According to the company, Chicago-based Coyote Logistics manages around 10,000 loads per day with a network of over 10,000 carriers. “As
Startup Mexican airline Awesome Cargo, which provides dedicated aircraft and flight service to logistics companies and other customers, has taken delivery of its first fully capable freighter aircraft after operating two light-duty freighters since its inception 18 months ago. which is leasing the plane to Awesome Cargo.
And now on to this week’s logistics news. Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. The post This Week in Logistics News (May 4 – May 10) appeared first on Logistics Viewpoints.
Material Handling & Logistics ). Material Handling & Logistics ). 81% of semiconductor contract manufacturing was based in Taiwan or SouthKorea in 2020 ( Deloitte Global ), but The United States passed a $52 billion dollar Chips for America Act in an effort to bring the manufacturing of microchips back to the United States.
Speakers: Sharon Perry, Vice President of Logistics, Carhartt; Gregg Lanyard, Director, Product Management, Manhattan Associates; Adrian Gonzalez, President, Adelante SCM. In the meantime, here’s the supply chain and logistics news that caught my attention this week: Hanjin says U.S.-bound Date: Monday, September 26, 2:00-3:15 pm.
DHL recently acquired CRYOPDP from Cryoport to strengthen "DHL Health Logistics" according to its announcement in March. Keep in mind UPS faces a highly competitive global air cargo market that will particularly be on the hunt for volume to replace Chinese e-commerce volumes when the de minimis benefit from China to the US ends on May 2.
Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. The core competency of these companies is logistics , and they do it well. Even Amazon used third-party logistics companies when the company first started, until reaching sufficient scale to have a logistics arm of its own.
The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Measuring the Imbalances*. Ocean Freight. In the United States, the Pandemic has yet to Peak.
Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in SouthKorea. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. The Food Industry.
Weight limits have also been adjusted, forcing some ships to unload and transport cargo to the other side of the canal via train—increasing transportation costs. The main countries affected by the drought are China, Japan, SouthKorea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US.
The recent bankruptcy announcement of Hanjin, a major shipping line, on the Friday before the last Labor Day long weekend, was a shock to everyone working in the global logistics shipping industry. once they’ve been allowed to discharge cargo to protect the interests of maritime lien holders. bankruptcy code. Judge John K.
Ports in the United States, The Netherlands, Britain, France, and elsewhere have reported a drop in cargo volumes ranging from around 5 percent in January to an estimated 25 percent in February. In SouthKorea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China. Other Industries.
For instance, the bankruptcy of SouthKorea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. What to Do About It. Proactive Risk Management Is Key to Ocean Freight Success.
Although this is not the first or the last event to disrupt global supply chains, unpredictable logistics require a proactive approach for importers and exporters to keep business running as usual. Cargo space may be constricted as certain limitations are imposed on passenger travel resulting from adjusted flight schedules and capacity.
The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Coyote Logistics @CoyoteLogistics Coyote Logistics prides itself on its innovative logistics and supply chain philosophy.
Global wide production, transportation and logistics activity levels reported for February, but continued rather concerning data related to global transportation service levels and cost. Commentary related to January’s PMI and logistics data can be accessed at this web link. Global Wide Production Activity. Bob Ferrari.
And now on to this week’s logistics news. In August, President Biden hosted the leaders of Japan and SouthKorea at Camp David, bringing the three countries together in a bid to further encourage collaboration and innovation. The port handled 748,440 twenty-foot equivalent units (TEUs) in September, a 5.4
It is them who actually transfer your cargo from point A to point B using their drivers and assets (trucks, warehouses, etc.). is an American multinational corporation that focuses on supply chain management and logistics, including order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage.”
It is them who actually transfer your cargo from point A to point B using their drivers and assets (trucks, warehouses, etc.). is an American multinational corporation that focuses on supply chain management and logistics, including order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage.”
Already a key route for east-west trade from China, SouthKorea and Japan and accounting for one-third of global shipping trade, the South China Sea is also the cause of territorial disputes between several countries. These disputes have resulted in increasing military presence in the South China Sea, with the U.S.
After a difficult few years, things are looking up for global logistics providers. Despite ongoing volume issues for powerhouse 3PLs and persistent slowdowns at ports, the global logistics industry is on target to reach a staggering $6.55 Facing Low Package Volumes, UPS Introduces Logistics-as-a-Service Offering.
Communication between the many stakeholders involved in the cold supply chain (manufacturers, distributors, retailers, cargo companies, etc.). Consider the recent bankruptcy of one of the world’s largest marine shipping companies – SouthKorea’s Hanjin Shipping Co. .”
Nevertheless, they offer possibilities for routes that may encourage domestic imports and exports as well as the growth of logistical activities. It is standard procedure to unload some Mediterranean-bound ships and use the Sumed pipeline to move the excess cargo. billion tons of cargo (as of 2020). meters in 2001. More than 1.14
And now on this week’s logistics news: Amazon says it will launch drone deliveries this year. This week, UPS unveiled a battery-powered, four-wheeled cycle to more efficiently haul cargo in some of the world’s most congested streets and to reduce its carbon footprint. UPS tests tiny battery-powered cycles in congested cities.
TARIFF TITLE PAGE TERRA WORLDWIDE LOGISTICS LLC DBA AMERICAN GLOBAL LOGISTICS (a non-vessel operating common carrier) FMC ORGANIZATION NO.: SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier. Kitts and Nevis St.
The global trade, logistics, and maritime sectors are witnessing significant shifts driven by AI, sustainability initiatives, and evolving economic policies. operations across maritime, warehousing, and air cargo. operations across maritime, warehousing, and air cargo.
S.Korea central bank says US tariffs may exert downward price pressure SouthKorea's central bank said on Wednesday that U.S. China's JD.com looks to international market for growth JD Logistics (2618.HK) Other times, it takes longer to be felt. because of Washington's levies. and Kedaara Capital-backed Porter.
Tariff truce will not spark cargo boom at busiest US seaport, executive director says The head of the busiest U.S. tariffs, the government said on Tuesday South Africa's Transnet gets $2.8 billion government guarantee South Africa's government has agreed to give ailing state-owned logistics group Transnet a 51 billion rand ($2.8
In SouthKorea, SeAH Steel Corp., In SouthKorea, SeAH Steel Corp., SouthKorea is one of 12 countries, including China, that could be subject to the higher steel tariff, but which excludes Japan and Canada, the top supplier to the U.S. and about 1% of aluminum output. which sells pipes to the U.S.,
cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. China to US ocean cargo bookings surge after tariff pause, Vizion says U.S. retailers including Walmart (WMT.N)
China has retaliated to Trumps earlier tariffs and recently stated that it will respond in conjunction with Japan and SouthKorea. This rule has been a major driver of the surge of several million packages a day arriving via de minimis into the US mostly B2C e-commerce goods from China, and mostly arriving by air cargo.
China has retaliated to Trumps earlier tariffs and recently stated that it will respond in conjunction with Japan and SouthKorea. This rule has been a major driver of the surge of several million packages a day arriving via de minimis into the US mostly B2C e-commerce goods from China, and mostly arriving by air cargo.
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