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However, commonly used KPIs used by supply chain executives are usually focused on logistics performance (e.g., Requiring suppliers to contract only sub-suppliers who follow certain standards could be a good start. delivery reliability”), but is that really “supply chain thinking”?
The Memphis, Tennessee-based express logistics giant said it removed seven Airbus A300-600 aircraft, three large MD-11 tri-engine freighters and two Boeing 757-200 (large narrowbody) freighter aircraft from the fleet. During the fourth quarter in 2024, FedEx decommissioned 22 Boeing 757 cargo jets. FedEx Corp.
With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . The risk of delays and lost cargo are real. What risk does your cargo face? Cargo insurance helps avoid additional vulnerability that you can’t afford.
And now on to this week’s logistics news. The manufacturer’s private fleet has deployed a fleet of Einride EVs to haul freight between GE Appliances’ inbound warehouses and manufacturing facilities in Kentucky, Georgia, and Tennessee. to smaller logistics operators scrambled to fill jobs at fulfillment centers.
A couple of weeks ago I wrote an article outlining how cargo theft is on the rise. In the United States alone, cargo theft is a $15 to $35 billion industry. While cargo theft as a whole has increased 57 percent year-over-year, strategic theft has increased 600 percent from November to March.
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.
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. FedEx installed four robotic arms at its Memphis, Tennessee, global package hub in 2020 to assist small package sorting. FedEx Corp.
of Marketing & SCM, University of Tennessee, Knoxville Because the domestic motor carrier industry has few barriers to entry, capacity before the Great Recession generally exceeded demand with few exceptions. Remarkably, rail can also be cheaper with savings up to 60% over road freight. Holcomb, Dept. EDI just isn't enough.
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.
“The markets with the largest gains this week in OTVI.USA were Laredo, Texas (12.07%) Memphis, Tennessee (5.37%) and Cleveland (5.08%). If we stopped bringing in cargo right now, we’d have a month’s worth of work ahead of us,” Port of Los Angeles Executive Director Gene Seroka told Transport Topics.
And now on to this week’s logistics news. Airline group says global cargo volume grew 6.9 Earlier this week, FedEx announced a partnership with eight historically Black colleges and universities (HBCUs) to build a pipeline of logistics and supply chain professionals. So after nearly forty years, I say thanks for the memories.
Volatility and uncertainty in the logistics industry have dominated the news in 2024. As of late February 2024, CMA CGM is now shipping cargo through the Red Sea trade route. Key labor issues Disrupting Global Supply Chains There are a number of key labor issues that are affecting the logistics industry.
Industry supply chains will need to weigh the risk of and migration of another shipping and logistics disruption. Thus far in 2024, a majority of auto workers within Volkswagen’s Tennessee production facility have voted to be represented by the UAW in labor negotiations. Gulf and East Coast ports. Be prepared.
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.
Born in Mississippi and raised in Memphis, Tennessee, Smith entered Yale College in 1962 to pursue a degree in economics. Smith launched Federal Express in 1973 with a fleet of 14 Dassault Falcon jets and a vision to disrupt the transportation and logistics sector. He left the Marine Corps in 1970 as a captain.
Studying economics at Yale, Smith’s 1965 term paper pitched the idea of creating a logistics company that would carry only cargo, and do so for a package’s end-to-end journet, such that a package could be delivered almost anywhere in the US overnight. The major focus of logistics is on e-commerce. What do you say?
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