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Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution.
Background on Ocean Transport. 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. I find no agency or entity trying to find a holistic solution to global logistics. We are awash in a sea of self-interest.
If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.
DHL Group does not operate ships but it uses them to transport containers. A drought in Panama significantly reduced transits of larger Neopanamax-class container ships in November and December, with transit constraints intensifying last month. Walmart unleashes ‘largest drone delivery footprint of any U.S. percent year on year.
Rob Painter is President and CEO of Trimble , a global technology company that provides hardware, software, and services to improve efficiency and productivity in industries like construction, agriculture, and transportation. Platform Science is creating the future of transportation technology. Jack retired as a Commander in the U.S.
The number of vessels waiting to cross the Panama Canal has reached 154, and slots for carriers to book passage are being reduced in an effort to manage congestion caused by ongoing drought conditions that have roiled the major shipping gateway since the spring. And now on to this week’s logistics news. 11 release.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
The responsibility for container safety is shared across the supply chain, with solutions for safer container transport including proper packing, stowage, and securing of containers, and reporting of correct weight.
Background on Ocean Transport. 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. I find no agency or entity trying to find a holistic solution to global logistics. We are awash in a sea of self-interest.
An Update from Sharm El-Sheikh on Decarbonisation of Transport. Transportation accounts for 17 percent of global greenhouse gases (GHG) and 20 percent of global carbon dioxide (CO2) emissions. Unlike in Glasgow, there was no dedicated transport day, nor a transport pavilion in Sharm El-Sheikh.
In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. Lastly, air freight has been increasing rapidly over the past decade - a trend I suspect will continue. Remarkably, rail can also be cheaper with savings up to 60% over road freight.
I’m on borrowed time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: DAT Freight Index Hits All-Time High in September. The Panama Canal’s Big Bet Is Paying Off (WSJ – sub. Spot freight availability was 74 percent higher than in September 2016. There were 6.6
Distributing product in Brazil involves endless transportation choices. When shipping product into a country as large and complex as Brazil, the choice of transportation routes has a critical impact on supply chain costs. Spoilt for choice. A new model helps shippers to choose the best routes. Pictured is the Port of Santos, Brazil.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?
billion Panama Canal expansion project was completed. This time last year, the $5.25 The canal reopened with a new set of locks on both the Atlantic and Pacific sides for ships to easily flow through the canal without risk of delay due to accident or various water levels. During the expansion, there was also an. Read More.
More than over $6 billion dollars’ worth of freight moves through the sea ports in the United States every day 1. The Panama Canal expansion has ignited. Transportation. Distribution, Transportation, Supply Chain, Global. 10/20/2015. Distribution. Supply Chain.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). A transportation management system (TMS) can help shippers weigh the pros and cons of each option. Triad of factors.
The ocean freight industry uses many acronyms to describe a shipment’s routing. Here are some of the most common ocean freight routing terms that are important to know. . For example, a shipment from China to the East Coast would go through the Panama Canal to reach its destination and vice versa. . Inland Point Intermodal.
More than over $6 billion dollars’ worth of freight moves through the sea ports in the United States every day 1. The Panama Canal expansion has ignited many sea ports to update their infrastructure to accommodate an expected increase in freight volumes. READ MORE.
10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. Deviations that occur during transportation execution are not necessarily approved immediately.
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map [DK1] , which was written collaboratively with Boston Consulting Group.
Leveraging Optimization to Unlock Value from Your Transportation Network (2,768 views). Leading Practices in Transportation Procurement (2,166 views). The Panama Canal Expansion: The Impact on Logistics Strategies and Operations (2,057 views). Here Are 4 Reasons to Outsource Your Transportation Management.
Supply Chain Matters provides our latest update regarding the Red Sea Transport disruption impacting transport movements to and from European and Asian ports. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels. All rights reserved.
The British Retail Consortium warns that higher transportation and shipping insurance costs could lead to delays and price hikes, potentially affecting product availability over the coming months. Increased Shipping Rates from Red Sea Crisis The Red Sea crisis is expected to keep freight rates elevated through at least February.
Kewill Expands Partnership with INTTRA to Provide Complete End-to-End Transportation Planning Solution with INTTRA’s Ocean Schedules. Freight Truck Orders Plummeted 48% in January ( WSJ – sub. Panama Canal expansion to be complete by end of June ( Reuters ). Kuebix Announces New Name and Disruptive Technology.
Rerouting those goods to the West Coast is challenging because it could require difficult-to-find transit through the Panama Canal, air freight, or other time-consuming or costly measures, logistics experts said. However, with capacity limited and demand rising, air freight may only be a viable option for specific types of cargo.
. The ports of Los Angeles and Long Beach are vital to the LA economy, not only because they provide a significant number of jobs in the shipping and logistics industries, but also because they give the city itself a competitive edge with regard to shipping times and transportation costs when it comes to operating a global businesses here.
Many workers and businesses, including trucking firms, railroad companies and port terminal operators, contract with Hanjin to transport and deliver cargo containers, and now they are in serious danger of not getting paid. In addition, the recent expansion of the Panama Canal has led companies to build larger, newer ships.
Consider moving critical products via air freight and/or using a sea-air option to minimize the impact of increased costs. There is also a good possibility that carriers might discharge cargo at the main transship points of Panama, Cartagena, and Colon and declare force majeure. inland points. Transload, truck, and intermodal.
So, while the West Coast situation may cause a minor up-tick in freight being routed to the Eastern Ports (Eastern freight is up from 38% in January to 41% in May, according to Hackett Associates), it won’t go a lot higher because the Eastern routes have been running near capacity for several months and are now basically full.
The Related Concern The related concern is the ongoing drought conditions in the areas surrounding the Panama Canal which for weeks have restricted the volume of vessels that can transit this canal because of the low water levels in the staging basin area. container traffic travels through the Panama Canal every year.
and Transportation Capacity (+5.2) and Transportation Utilization (-10.7). Ongoing Panama Canal Disruption Report authors made specific mention of the ongoing Panama Canal disruption brought about by declining water basin levels brought about by months of drought. and slowdown in Warehousing Utilization (-14.0)
Blessed and grateful. That’s how I feel today, thanks to the many messages of love and support I have received from friends and colleagues in the industry following my surgery. Those messages have been a source of strength and inspiration for me during my recovery. Thank you for thinking of me and reaching out.
freight and logistics industry continues to mitigate recessionary conditions and that was reinforced by the April 2023 Logistics Manager Index (LMI) reaching its lowest level lowest level in six and one-half years. This survey was conducted in May among participants in the global freight forwarding community.
Goods have to be transported across the globe and across the neighbourhood. Goods have to be transported across the globe and delivered to different destinations – from congested cities to remote, rural areas. The main challenge in logistics is an increasing complexity of trade-offs in transport planning. New Caledonia.
But the implications of this standoff between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association go beyond idle ships and stranded freight containers. Strategy Transportation Global Supply Chains ILWU MIT CTL Panama Canal port automation trade unions US ports west coast port stoppages'
Labor Department indicating that warehouses and transportation companies employed 25,000 few workers in October than the year-earlier period. Some carriers who invested prior windfall profits in other non-freight and global logistics related areas may have a buffer in costs and potential offsetting revenues.
Today I’m proud to announce that Freightos is releasing a private beta version of an online freight marketplace — an Expedia for freight shipping — and that we have closed a Series B round of $14 million dollars to power global growth. International freight started with the Silk Road. By Zvi Schreiber, CEO of Freightos .
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map , which was written collaboratively with Boston Consulting Group.
Maritime transport is the main artery of global trade. The intricate networks of shipping routes, ports, and inland terminals have strengthened the interconnectedness of the world economy, and maritime shipping is the critical mode of global transport. Yet these chokepoints are vulnerable to disruptions.
As we enter the last month of 2021, it’s clear from the long list of news items below that there will be no intermission in this supply chain show. The curtain will remain up and the disruptions, delays, mergers and acquisitions, venture capital investments, and new product introductions will remain on stage. And just when.
The expansion of the Panama Canal, which handles about a third of Asia-to-US trade, is poised to boost trade and shipping services by shortening the one-way journey by sea from Asia to the U.S. While ship transits through the Panama Canal rose 3.7% While ship transits through the Panama Canal rose 3.7% East Coast.
4 Longest scheduled air cargo route: Dubai to Panama City (Emirates). Coming up in February 2016, Emirates are starting a regular 8,588 mi (13,821 km) service between Dubai, UAE and Panama City, Panama. million tonnes) of loaded and unloaded freight. Be a freight hero. FREIGHT QUOTES IN SECONDS.
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