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Auroras launch customers are Uber Freight, a market-leading enterprise technology company powering intelligent logistics, and Hirschbach Motor Lines, a veteran-owned carrier that delivers time- and temperature-sensitive freight. Both companies have had long-standing supervised commercial pilots with Aurora.
In “TIA Unpacks Freight: Tariffs, Trust, and the Fight Against Fraud,” Joe Lynch and Chris Burroughs , President and CEO of the Transportation Intermediaries Association (TIA), dive into key industry topics. Post-COVID Market Dynamics:A discussion on the lingering impact of the pandemic on freight volumes and market conditions.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Regulatory Demands: Governments worldwide are enforcing stricter emissions standards and introducing carbon taxation schemes, pressuring companies to adapt.
Autonomous Vehicles: Autonomous ground vehicles, such as self-driving trucks, address long-haul and heavy freight logistics. This limitation confines drones to specific, smaller deliveries, whereas autonomous vehicles are suited to freight. Their agility could support efficient last-mile operations in urban logistics.
government is expanding farm subsidies to offset revenue losses from reduced trade. Freight rates have surged due to increased demand for ocean and rail transport, particularly for industries like consumer goods and industrial manufacturing. Conclusion: A New Reality for Global Trade?
Similarly, shifting freight from road to rail or waterways offers lower-emission alternatives for long-haul transport. Partnering with NGOs, governments, and industry peers allows organizations to share resources, reduce costs, and amplify the impact of sustainability initiatives.
Shippers are often challenged when dealing with the freight classification system from the National Motor Freight Classifications (NMFC) book, the code numbers assigned to all products that determine the correct freight class for shipments. A Brief on Freight Classification.
Gary Nemmers , Martyn Verhaegen and Joe Lynch discuss digital freight forwarding – and the importance of a modern, data-driven logistics software platform to optimize every step of the freight forwarding process. Freight forwarding is one of the most difficult services within the logistics industry.
AI in Logistics: Optimizing Routing, Freight, and Carrier Coordination Among the most data-rich areas of the supply chain, logistics operations stand to gain significantly from AI in supply chain automation. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering?
Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch. First, we take the carrier perspective and analyze which fuel efficiency measures are known about and implemented in the road freight sector. The situation is even worse for the smaller carriers making up most of the market.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Are Ocean Freight Prices Absolutely Broken?
One of these terms, free or freight on board, also has irony within its name. What Exactly Is Freight on Board? Freight on board, also known as free on board, refers to a set of Incoterms that govern who owns and pays for a shipment when traveling overseas. Who Pays the Freight Cost for FOB? Freight prepaid.
” I do not believe in big government and I hate politics. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Chinese Lunar New Year in the face of a new pandemic lays before us. I expect disruption.
Anne is the President & CEO at the Intermodal Association of North America (IANA), North America’s leading industry trade association representing the combined interests of the intermodal freight industry. Department of Transportation. She received a B.A. from Rice University in Houston, TX and a J.D.
More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic. Next Steps.
solution combines aggregated market data and customer data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to a company’s individual buy and sell behavior. FreightFest 23 promises to be an exciting and informative event for professionals in the industry. The Greenscreens.ai
freight rail industry. Before joining the AAR, Jefferies cultivated more than a decade of experience working within government. Jefferies began his career in government serving as a Senior Advisor to the Mayor of Lexington, Kentucky, before transitioning to the federal government. Government Accountability Office.
With over 25 equipment types, not just Dry Van, Reefer and Flatbed, Farelanes provides truckload freight data analytics services for North America. Their vision is to be logistics’ trusted partner in driving innovation, reducing complexity, and delivering network efficiencies through standards, technology, and effective governance.
About Brandon Daniels Brandon Daniels is the CEO at Exiger, where he’s pioneering the development and scaling of the innovative AI applications to solve complex supply chain challenges for Fortune 500 companies and 40+ government agencies. Exiger’s mission is to make the world a safer and more transparent place to succeed. The Greenscreens.ai
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. And now on to this week’s logistics news. Pete Buttigieg, U.S.
Prior to her time at USDOT, Reinke spent 16 years at CSX Corporation in their Federal Affairs office, ultimately serving as the Vice President – Government Affairs, overseeing the Federal, State Government and Community Affairs Departments.
Blog More Resources Home September 10, 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 fell 4% to $3.45/kg.
A panel moderated by Miklos Horvath, Director of The European Freight and Logistics Leaders’ Forum and Co-moderated by Philip Evans, Secretary-General of The European Freight and Logistics Leaders’ Forum. In association with The European Freight and Logistics Leaders’ Forum (F&L). <<Back
Many more have simply lost so much business that it is only through government intervention that they manage to keep the lights on. Whilst government monies continue to pour into bailing out airlines, this is the opportunity to focus on a decarbonization plan, linked to investment. Targets should be aligned to Paris Climate Agreement.
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.
The industry added jobs at a time when logistics companies have been coping with a faltering freight market for the past 20 months. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Bureau of Labor Statistics.
At SAP their solution is developed by their governance risk and compliance team. Global trade services is one of 4 pillars of GRC at SAP, the others being enterprise risk and compliance, identity and access governance, and cybersecurity. There can be big fines for noncompliance with trade regulations.
While passenger electric cars have seen widespread adoption, transitioning the freight industry to electric trucks has proven to be very challenging, for multiple reasons. So let’s dive right into the major challenges standing before the green and electric freight truck revolution.
Sarah is Global Lead for the Freight & Logistics Industry at Accenture , a global professional services company with leading capabilities in digital, cloud and security. Sarah Banks is Global Lead for the Freight & Logistics Industry at Accenture. Sarah Banks is Global Lead for the Freight and Logistics Industry at Accenture.
On August 13, the DOT announced that Ports in Oakland, Seattle and Tacoma have all been added to its Freight Logistics Optimization Works (FLOW) network, joining the Port of Los Angeles and the Port of Long Beach to round out the five largest West Coast shipping hubs. according to the Walmart Marketplace website. from May’s 2.24
Piedmont Lithium pulls US government loan applications Piedmont Lithium has pulled its application for a U.S. government loan and scaled back its expansion plans due to an 83% drop in lithium prices, driven by Chinese overproduction and slower EV sales. The size of the investment was not disclosed.
Tom is the Founder and President of Qued , a freight technology company focused on workflow automation, and the TIA Technology Committee Chairman. About Tom Curee Tom Curee has served in the transportation industry for nearly 20 years working at 3PLs, carriers and most recently as a freight tech provider.
DB Schenker Singapore has also cemented the position as a key pillar in Singapore’s logistics ecosystem, being the number one air exporter (for freight forwarding) and attaining market leadership in ocean freight as well. Is your freight invoice accurate? supply chain. DB SCHENKER Schenker Singapore (Pte) Ltd.
Secondly, global freight rates have seen an enormous increase over the past 12-months, which are unlikely to return soon to the rates before Covid. Sea freight and airfreight costs have become very expensive. Self-sufficiency top priority for governments. Only future will tell. About the Author.
Chris Pickett is the Lead Market Analyst and Founder of Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. And in a market governed by human beings making financial decisions, we always overshoot. He earned a B.S. About Pickett Research.
It only takes a simple example to remind you how e-commerce continues to evolve and the potential it has to disrupt traditional markets, supply chains and even governments. Let me tell you how international e-commerce is changing one buying pattern and why it will reshape global logistics operations and government import regulations.
The American and Canadian militaries believe that the balloon was for surveillance, while the Chinese government said it was a civilian meteorological research airship that had blown off course. China’s government has so far not commented on the new sanctions or on the news of the flying object, nor responded to questions.
The company surveyed 225 executives whose jobs included environmental, social, and governance issues. The Japanese pension fund, the Government Investment Pension Fund (GPIF), owns 7% of the Japanese equity market and about 1% of the world’s equity. 56% of respondents said their company does NOT measure its carbon footprint.
From just being environmentally friendly, it has become a holistic framework that encompasses the environment, social and corporate governance. The responsibility of sustainability is no longer limited to the individual, but it extends to corporations, industries and even governments.
The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. Over four-hundred days of war in Ukraine. Unrest in Sudan.
Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. million freight containers each year. That digital reach extended to importing as well.
While the LTL freight industry market conditions change for a variety of reasons, here are three of the top factors that will be part of the day-to-day reality of LTL freight and some of the strategies that can help shippers navigate rising costs and complexity in the supply chain. Classify freight correctly. Consolidation.
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