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However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes. Keep a vigilant eye.
More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.
Global logistics and shipping provider Maersk has begun the roll-out of its new digital connectivity platform, OneWireless, aboard 450 vessels to enable smart container and cargo tracking solutions. The OneWireless platform includes components from technology partners Onomondo, Nokia, 42com Sat, Complea, and Zededa.
More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.
Alex is the President of Expedite All , Americas largest small truck network, with over 9,000 vehicles ranging from cargo vans to straight trucks. About Expedite All Expedite All is Americas largest small truck network, with over 9,000 vehicles ranging from cargo vans to straight trucks.
Chris Cser and Joe Lynch discuss global giants – ICAT moves the world’s largest cargo. Summary: Global Giants: ICAT Moves the World’s Largest Cargo In this podcast, Chris Cser, Director of Operations at ICAT Logistics, takes us on a journey through the complex world of global logistics. Getting through customs.
Autonomous Shipping Autonomous shipping is the use of self-driving vessels to transport goods and passengers across waterways. According to the International Maritime Organization (IMO), a Maritime Autonomous Surface Ship (MASS) is defined as a ship which, to a varying degree, can operate independently of human interaction.
One of the key challenges in green freight logistics is reducing emissions from fuel-intensive operationsparticularly in trucking and maritime shipping. Common inefficiencies include empty return trips, poorly optimized delivery routes, and underutilized cargo space.
Brian Kempisty and Joe Lynch discuss the state of containerized shipping. Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Port X Logistics Port X Logistics specializes in expediting containerized cargo throughout the US and Canada.
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Cargo thieves love the holidays. That time of year when the industry ships a higher volume of desirable, in-demand goods. Appliances and furniture, food and beverages, and electronics are hot commodities. Warehouses and distribution centers are top targets.
How Shipping Can Help Save The Planet. But to be honest, the shipping industry is as much of a culprit. Meanwhile, reports estimate that shipping contributes 3%, or a staggering 1 billion tonnes of CO2. Meanwhile, reports estimate that shipping contributes 3%, or a staggering 1 billion tonnes of CO2. Size Matters.
SEFE will manage global ammonia sourcing and distribution through Germanys hydrogen core grid, while Hegh Evi will provide midstream infrastructure, including shipping and floating ammonia-to-hydrogen conversion. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
Global shipping and transportation present tremendous opportunities for businesses, but they also bring complex challenges, particularly when it comes to compliance. Understanding Global Compliance What is Global Compliance in Shipping? Security protocols also continue to evolve.
million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
The long and unpredictable peak shipping season continues to challenge supply chains. A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond. Higher freight volumes.
SEFE will manage global ammonia sourcing and distribution through Germanys hydrogen core grid, while Hegh Evi will provide midstream infrastructure, including shipping and floating ammonia-to-hydrogen conversion. This approach helps companies meet regulatory requirements and address consumer demands for transparency.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.
Amazon in the news: Amazon’s Prime orders are getting delivered faster and faster Hawaiian Airlines slowly adds freighters for Amazon business Walmart in-store AI is giving employees advice on how to sell products USPS delivery unit proposal sparks service, cost concerns for shipping partners White House earmarks $1.5B
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. May air cargo volumes continue to rise amid global disruptions. percent in Q1.
Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Post-2016 Strategy: End-to-end Shipping. While not outrightly linked to this release, Maersk, now a shipping line and forwarder, terminated its key account status.
Early Peak Season Shipping and Its Implications The survey revealed that nearly half (46%) of small and medium-sized business (SMB) shippers began increasing their importing activity earlier than usual, starting in May and June instead of the typical July. The survey aimed to explore the impact of these changes on their operations.
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The disruptions are at a key point for ships passing through the Suez Canal and are creating ripples across supply chains in Europe and the U.S., And now on to this week’s logistics news. East Coast.
Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 percent, or $24.5
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. according to the Walmart Marketplace website.
Shipping companies added capacity, but now containers are stuck in port. Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. And now on this week’s logistics news.
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.
Anti-narcotics investigators have uncovered substantial amounts of the disguised drugs in the past two years as smugglers go to ever-more elaborate lengths to get illicit cargoes on board ships. Guffey added that the company is meeting with the agency weekly to ensure a smooth transition before the peak holiday shipping season.
We were reminded of this again recently when a cargoship crashed. Over the past four years, due in large part to the Covid pandemic, there has been significant discussion about the importance of risk management in logistics and how companies must create more resilient supply chains.
If international shipping didn’t exist, well, we’d all be standing here naked. 90% of products in the US are imported, mostly arriving by sea, in a container, or by air cargo. Although we are called Freightos, which hints at freight operating system, we chose to list under the synonym Cargo, C-R-G-O. Thanks and congratulations!
2024 Typhoon Season has Caused Billions in Agricultural Losses This year’s typhoon season has been particularly disruptive, severely affecting port operations and shipping across the western Pacific, with significant storms such as Gaemi, Ampil, Shanshan, Yagi, and Bebinka impacting Taiwan, China, Japan, Vietnam, and the Philippines.
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.
Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few. When we think of fraud in the supply chains, often we think about organized cargo theft.
Cargoships 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). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.
This multi-modal approach ensures robust connectivity across different segments of the logistics journeyfrom remote shipping yards and urban fulfillment centers to moving trucks and temperature-sensitive containers. Why Logistics Demands Hybrid Connectivity Logistics environments are inherently heterogeneous.
Global shipping is national news with most stories covering the symptoms. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged. meters, to accommodate ships with 20 rows of containers) and 15.2 meters, to accommodate ships with 20 rows of containers) and 15.2
When you’re working with ocean freight, you’ve basically got two main ways to ship your goods. It’s like having your own apartment for your cargo. Or, if you don’t have enough to fill a container, you can share space with others through LCL (Less than Container Load) – think of it as cargo carpooling.
In a final piece of holiday news, USPS has said will not levy an extra delivery surcharge during the winter peak season, saying the decision makes USPS “the most affordable way to mail and ship this holiday season.” Although port volumes increased in August, demand remains lower as shippers continue to face excess inventory levels.
Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. We refined our data, limiting it to actual pricing used by logistics service providers to ship containers, to ensure validity.
In the early morning hours of April 26, at approximately 1:35am, a cargoship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long The end result of the loss of propulsion was the ship crashing into the bridge. mile-long span. An estimated 11.5
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.
A recent analysis suggests that some spending growth is on the types of goods , like video games, that don’t ship by ocean container – another factor in the relative disconnect between spending and freight. In air cargo, more forwarders are reporting signs of life for ex-Asia volumes, which is a good omen for hopes of an air peak this year.
Well, the Environmental Protection Agency states that this species “ was introduced into the United States in the mid-1990s, possibly stowing away in a shipping container.” Prior to this insight I thought there was no downside to the benefits brought to shipping from the standardized shipping container.
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