article thumbnail

Electric Freight Trucks: Not Happening Anytime Soon for Long-Haul Moves

Talking Logistics

Earlier this month, an executive in our Indago supply chain research community submitted the following question: “We see the future of transport moving toward electric and autonomous vehicles.

Freight 222
article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. to $0.40, or about half a percent of the sticker price.

article thumbnail

The Impact of Fast Fashion Giants On Air Cargo

Freightos

Source: Freightos Air Index The Commercial and Ethical Impact Beyond the underlying costs, U.S. Both are exploring efforts that include shifting to ocean freight and establishing warehouses in the U.S., Expanding ocean freight efforts or scaling up domestic fulfillment centers may reduce air cargo demand and, as an extension, rates.

Cargo 165
article thumbnail

Reports of Convoy Winding Down Digital Freight Business

Supply Chain Matters

Bloomberg, The Wall Street Journal and other industry specific media are reporting that Seattle based digital freight start-up services provider Convoy is preparing for a possible sale or other action. Both reports cite declining freight industry demand and increased competition among start-ups in this digital freight and logistics segment.

article thumbnail

Supply Chain Digitization Gains Favor as Disruptions Continue

Logistics Viewpoints

The American Transportation Research Institute (ATRI) continues to rank driver shortages, driver retention, and the costs of extensive regulatory compliance on carrier operations as top concerns for carriers. Due to this awareness, freight sourcing is receiving increased interest from shippers. Ease of use is also essential.

article thumbnail

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update W50

Freightos

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update Wk 50. By John Edmonds, Research & Marketing, Freightos. According to Zvi Schreiber, CEO of Freightos, “The air freight spot market is playing an increasingly prominent role in holiday supply chains. About The Freightos International Freight Index.

Freight 122