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Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. Ukraine in the news: War in Ukraine disrupts ships around the globe. And now on to this week’s logistics news.
Now of course, companies must map out the potential impacts of the Russia Ukraine war. Russia Attacks Ukraine. Russia shells Ukraine. Russia had massed some 150,000 troops along Ukraine’s borders, according to US estimates based on satellite imagery. This week’s news will all center on this war. Oil Prices Jump.
Oren is the Founder and CEO of Flock Freight , a Certified B Corporation that’s been reinventing freightshipping since 2015. Raised by parents who worked for a van line and later started their own freight forwarders, Oren has deep-seated roots in logistics and entrepreneurship. About Flock Freight.
Peak season for ocean freightshipping is underway. Here’s an easy way to think about the regular and potential future disruptions that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy.
miles of its expanded ship channel. The four-phase improvement project deepened the ship channel from 47 to 54 feet and widened it from 400 feet to 530 feet to accommodate the growing demand for larger vessels. The ship channel project was approved in 2017 and began construction in 2019. It moves more than 2.4
Meanwhile, Brazil, Russia and India will become major suppliers as companies access the remaining untapped resources of the world. Meanwhile, the use of Big Data will empower new fleets and freight optimization and consolidation measures, and the IoT will provide new insights. New markets are emerging in the global economy daily.
Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Accenture ).
In his role Peter leads The Journal of Commerce, the historic New York City maritime newspaper founded in 1827, today a team of specialized business journalists focused on the end-to-end international shipping supply chain including shipping, ports, airfreight, trucking, rail and home delivery, addressed to the needs of shippers.
Although CMA CGM is best known for being a large container shipping company, it is also the parent of CEVA Logistics. The Wall Street Journal (WSJ) published an article on the increasing use of machinery to create made-to-fit boxes for more efficient fulfillment shipping. The machines then label and seal the packages.
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. Although we are a 3PL who supports manufacturers who ship, the more information we provide, the better off we all are. Read Full Post.
They stocked up again after Russia’s invasion of Ukraine pushed up the price of raw materials such as energy and wheat. The Port of Kahului is fully operational, and interisland freight and transport company Young Brothers noted in an Aug. The current wait time to cross the canal is now around 21 days. 11 release. 11 release.
The question now is what will the impact of such a recession be, particularly on shipping. What Happens to Shipping. Shipping, especially global shipping, is uniquely vulnerable to recessions and the effects of the downturn of 2008-2009 are still being felt today. Which, in turn, will drastically impact shipping.
Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S. trillion in 2015). That is the “hundreds of billions of dollars” question.
Two top European shippers — Maersk and DSV — have warned that freight costs will likely remain high well into 2022, adding to the global supply chain chaos. Logistics planners can identify suppliers shipping out of the conflict area with deliveries at risk, positioning them to define alternative strategies.
Secondly, materials and products originating in Russia and Ukraine are now in short supply, as they are simply not moving out of those countries. But, right now, after five months of armed conflict in Ukraine, economies worldwide, especially those in Europe, are beginning to feel the effects. Trouble has arisen on three fronts.
The modern supply chain is global and often depends on Russia for production, either equipment or materials. Russia and Ukraine supply critical materials for industrial production, the development of advanced batteries, and other items related to making industrial applications greener. What’s impacted? Raw materials.
Even before the pandemic, global supply chain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Russia is the world’s third-largest oil producer and the second-largest foreign oil supplier to the US.
This is excellent news for everyone in freight accounting as companies struggle to increase profit margins that have narrowed amidst increasing fuel surcharges. . When the Russia-Ukraine war began, few understood the repercussions might bring flashbacks to the 2007–2008 global food crisis. Operation Fly Formula Is a Success.
Other drivers of shortages and price hikes that appear to be moderating include the cost of freight transportation. The queues of container ships anchored outside the ports of Long Beach and Los Angeles are dwindling, and this should reinforce the easing of product shortages as well as the downward trend in transportation prices.
Poland’s bordering countries include Belarus, Czech Republic, Germany, Lithuania, Russia, Slovakia and Ukraine. With 87 airports that have paved runways, Poland’s air infrastructure is more than adequate for freight shipments. Its prime location in Europe makes it an ideal location for shipping across Europe or Asia.
As rising parcel carrier fuel surcharges change the dynamics for shipping companies, owners and decision-makers need to stay level-headed and informed to make the best business decisions. Patrick’s Day, parcel carrier fuel surcharges are imminent for omnimodal shipping. . Consolidate Freight Wherever Possible.
Global shipping services provider A.P. billion, primarily driven by ocean revenue increases but included a negative impact of $718 million from the Russia/Ukraine conflict and losses related to terminals related to these areas. based Pilot Freight Services for a reported 47.1 billion, an increase of $6.9 EBIT increased $7.5
Twenty heliports can help with the speedy delivery of air freight when necessary. Turkey’s merchant marine boasts 1,234 vessels, including 57 bulk carriers, 54 container ships, 363 general cargo ships, 124 oil tankers and 636 other vessels. Regardless of the shipping mode required, it is easy to move goods to and from Turkey.
Challenges like COVID, the Russia-Ukraine war, global inflation, and the ‘great resignation’ wave lead to significant supply chain issues that keep 3PL managers in constant worry. After a period of relative peace in the freight markets for two to three years, the last couple of years has all been about turbulence.
Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freightshipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .
Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. Potential U.S. port congestion and unresolved labor issues when imports from Asia return to full strength.
This shows that shippers are capitalizing on new mode/route combinations that will help them save cost, reduce lead time, and mitigate supply chain disruptions and risks (such as labor disputes in the ocean shipping industry). It’s also important to have access to local expertise when evaluating ways to shift freight to the new Silk Road.
This shows that shippers are capitalizing on new mode/route combinations that will help them save cost, reduce lead time, and mitigate supply chain disruptions and risks (such as labor disputes in the ocean shipping industry). It’s also important to have access to local expertise when evaluating ways to shift freight to the new Silk Road.
Supply chains thrive on predictability, yet China’s continued zero-Covid policy is causing uncertainty and taking an economic toll at a time when we are learning to cope with other significant challenges, such as the fallout of the Russia – Ukraine conflict.
Each year around 700 million TEUs are shipped across the world keeping global trade and businesses running and more than eighty percent of global goods trade volumes are carried by sea, with about a sixth of that volume in shipping containers. in March, while the average delay for late vessel arrivals decreased once again to 7.26
Earlier this year, before Russia invaded Ukraine and COVID-19 reemerged in China, it seemed we would finally enjoy relief from supply chain interruptions and price increases. Add a resurgence of Covid-19 in China near major ports for a further strain on shipping , and supply chains as we once knew them are a thing of the past.
… Authorities have now imposed restrictions on Beijing, while the central Chinese city of Zhengzhou, a gateway for air freight, also limited the movement of people in May.” On average, global container shipping rates have more than quadrupled since 2019, and schedule delays have risen. ”[4]. ”[5] Roger W.
In 2015, registered air carriers moved more than 5 billion kmt of air freight. and Russia. The Dutch reputation for precision and innovation helps to ensure that materials flow smoothly. The robust air infrastructure ensures that manufactured goods and raw materials move quickly to or from anywhere in the world. Political Landscape.
This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs. Benefits of sourcing locally.
As many of you have experienced firsthand, there are several factors influencing shipping today—most are adding challenges to an already constrained market. When supply versus demand becomes more balanced in the truckload market, we could see the freight with greater density migrate into truckload markets if it is more cost effective.
I also worked with a team of leading thinkers in developing the Future of Procurement Report (published by KPMG) , as well as publish the BVL International Global Logistics Trends and Strategies report with a team of leading academics and executives in Europe, China, North and South America, Russia, and India.
This means that the world has opened up to countries like China, India, Brazil and Russia open for business. Stagnation of Air Cargo and Sea Freight Rates. Even though there have been concerted efforts to reverse the downturn experienced in the year 2015, most shipping lines have not succeeded in reversing the trends in supply chain.
Peak season for ocean freightshipping is underway. Here’s an easy way to think about the regular and potential future disruptors that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy.
Trade basically ceased as ports closed because of western- imposed economic sanctions on Russia. Cargo planes could not fly out of or into Russia or Ukraine. Likewise, ships could not sail into or out of Russia and Ukraine. That exacerbated food shortages with Russia and Ukraine among the top five grain exporters.
Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. And when shipping to volatile countries, it becomes even harder. Once cargo has shipped, there are no “backsies.” By Ali Hasan Raza.
The consequences of weather-related strains on supplies of corn, soy, and other food commodities—on top of existing inflation trends and rising shipping prices—means that food prices will stay at or near their record highs thought 2022, according to analysts interviewed by UK-based grocery trade journal The Grocer.
More recently, the war in Ukraine and the sanctions on Russia have placed limitations on both the overland rail and air freight routes from China to Europe and increased the strain on Northern European ports that were already congested before the war.
In President Biden’s press conference , he shared that the two primary causes of this enormous strategic oil reserves release were COVID-19 and the Russia-Ukraine conflict. What Else Can Shippers Do to Attract More Customers and Avoid Excess Shipping Costs? Unify all data within a single source of truth.
As the demand rapidly rose at the beginning of 2022, the Russia-Ukraine war stripped the global market of available crude oil sources. Multimodal Visibility – By leveraging a freight visibility platform, shippers can track carrier progress to verify if and when they need to end a partnership. billion total.
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