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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.
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
Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas. products on the platform warned it would ship after Christmas. DHL Group does not operate ships but it uses them to transport containers.
I have often written about legal issues and battles in California, as the state has been in the news for its warehouse and trucking emission rules, independent contractor rules for gig workers, and union disagreements at ports. Average worldwide costs of shipping a 40-foot container rose 23% in the week through Jan. East Coast.
Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. The old product development process involved shipping prototypes back and forth. The company works with 13 ocean carriers and 7 air carriers.
Full-to-bursting warehouses means fewer orders for manufacturers, which translates into lower levels of business activity and, ultimately, weaker growth. The massive pileup is a result of water conservation measures the Panama Canal Authority deployed in late July due to drought. And now on to this week’s logistics news. 11 release.
Cargo ships 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.
Elenjickal made the point that every year, there are 9 billion hours of wasted time for truck drivers due to planning inefficiencies, especially when it comes to loads not being ready, not being able to be unloaded, or congestion around ports and warehouses. As a result, FourKites has moved from a single product company to a platform company.
To get from the factory to a retail shelf you have ports, terminals, rail, trucks, warehouses, and much more to consider. Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. Inefficient Unloading and Loading.
Global shipping is national news with most stories covering the symptoms. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged.
The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. The canal expansion has run into plenty of obstacles along the way, and many East Coast ports still aren’t ready to accommodate the larger ships.
Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
2024 is kicking off right where 2023 left off: with lots of risk and uncertainty in ocean shipping, as several of the news items below highlight. Happy New Year! I hope everyone had a fun and relaxing holiday. What lies ahead in the world of supply chain and logistics? Everything from the known knowns (e.g.,
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). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
For example, the China-owned COSCO and China Shipping Container Lines (CSCL) have confirmed their merger. Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. Those uncertainties are considered the root of many consolidations.
A prolonged strike could paralyze inbound and outbound shipping, creating bottlenecks that ripple across the entire economy. Thirteen of the ships are scheduled to arrive after Sept. Increasing Inventory Levels : Some companies are preemptively increasing inventory levels at domestic warehouses to buffer against potential delays.
The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.
This situation has been compounded by the fact that Covid-19 essentially exposed what was already an underperforming process thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Shipping challenges.
This acronym stands for All Water Service, which is one of the most cost-effective ways to ship your cargo, and also one of the most eco-friendly ; however, it’s also one of the slowest forms of freight transportation. With AWS, your cargo will be shipped from the port of origin to its destination using only water routes.
Case in point: the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) began contract talks on May 12, with lots of contentious issues on the agenda. Or, will we see a repeat of 2002, when a 10-day lockout left dozens of ships lined up outside the West Coast docks, unable to unload?
Panama Canal expansion to be complete by end of June ( Reuters ). Although the move toward mobile solutions has been happening for several years, I’m definitely seeing an uptick in the development of new supply chain mobile applications, especially for warehouse management and retail store operations. UPS Delivers Peak Profits.
They are anxiously awaiting (and hoping for) a successful dock worker agreement between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA). Article: Inland Port Development: What is the Impact on Shipping Patterns, and How Can 3PLs Take Advantage? Do you agree with these predictions?
To get from the factory to a retail shelf you have ports, terminals, rail, trucks, warehouses, and much more to consider. Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. Inefficient Unloading and Loading.
To get from the factory to a retail shelf you have ports, terminals, rail, trucks, warehouses, and much more to consider. Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. Inefficient Unloading and Loading.
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. First, over the next several years, new shipping options will become available to US companies.
Rivian Automotive is now free to sell its EV parcel vans to other parcel carriers, and added reinforcement from multiple ocean container shipping carriers that the existing industry volume declines could extend for two to three years. This report cites data from the U.S.
For example, the China-owned COSCO and China Shipping Container Lines (CSCL) have confirmed their merger. Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. Those uncertainties are considered the root of many consolidations.
After a long spell of reducing inventories in order to cut costs, factories are now increasingly rebuilding warehouse stock levels, driving up demand for inputs and pushing production higher at a pace not seen since early 2022.” The separate Manufacturing ISM Report on Business® reported a contractionary February PMI value of 47.8,
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. It’s a good bet they were shipped across borders (unless you live in China, of course). Not really.
The photos of the cargo ships at anchor waiting for berth at the ports of LA and Long Beach certainly generate an emotional response, “what in those containers will affect my work or personal consumption plans?” Large companies are announcing they will use expanded hours to move more cargo off the docks, so ships can come to shore faster.
Ease of shopping, product variety, secure payments and free shipping are some of the reasons that have made online shopping a huge success. It makes it easier for sellers to store, pack and ship their products. Walmart Free 2-Day Shipping program, guarantees fast and free shipping with no membership needed. Just imagine.
West Coast dockworkers incurring job actions that are hindering container ship unloading among various port terminals. But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. Dockworkers, truckers, rail and warehouse workers in Europe, Asia, and the U.S.
West Coast Dockworkers Ratify New Labor Contract Members of The International Longshore and Warehouse Union (ILWU) have completed the voting process and have ratified a new six-year labor contract covering 29 U.S. The development is resulting in building multiday backup of ships waiting to traverse the canal. West Coast ports.
Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea , industry experts say, helping boost international airfreight operators after a long period of sagging cargo volumes. Now 27 ships navigate the Panama Canal each day, compared with 39 previously. And now on to this week’s logistics news.
The e-commerce market leader is buying up industrial property and restructuring its sprawling distribution network as it looks to speed up package delivery and cut shipping costs. Amazon so far this year has leased, bought or announced plans for more than 16 million square feet of new warehouse space in the U.S.,
Federal Maritime Commission in accordance with the Shipping Act and the regulations of the Commission set forth in 46 CFR Part 500. Rates that are CFS at origin apply from the carriers CFS warehouse at the place of receipt of the cargo by Carrier. Such policy has been certified to the U.S. DEFINITIONS: 2.1
maritime transportation, state of the art warehousing, logistics and air freight capabilities. According to reporting by The Wall Street Journal (Paid subscription) , the deal includes two port terminals situated at either end of the Panama Canal , the Port of Balboa and the Port of Cristobal.
DHL claims that the warehouse robots that they’ve already invested in have increased order picking productivity by 100%. The issue stems back to the Panama Canal expansion which has brought cargo to the port at a faster rate than it's scaled. In May, DHL Americas Innovation Center will open in Chicago.
Walmart in the news: Walmart launches pilot program for customers to recycle reusable shopping bags Walmart Canada says robots are coming to 2 Ontario warehouses, but jobs not at risk Amazon has become the largest private EV charging operator Biden calls for steep hike to tariff on Chinese steel S. Logistics companies tell CNBC that U.S.
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