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Mark expanded MacroPoint’s visibility technology into Mexico and got MacroPoint into shipper markets which enabled its acquisition by Descartes in 2017 for $107 Million. In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico.
He began his career in the South African Air Force and later spent more than a decade with the International Air Transport Association (IATA), where he held various leadership positions in South Africa, Spain, and the United States, including President of Cargo Network Services Corp., cargo subsidiary. IATA’s U.S.
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
In 1995 airlines via online travel marketplaces started selling tickets directly to consumers online and by 2017, 83% of US travellers were using digital channels to book their trips. While the air passenger industry has a solid tech foundation, air cargo does not. Lufthansa Cargo chief commercial officer Alexis von Hoensbroech.
Amazon reported its Q2 2017 results yesterday. Norway Takes Lead in Race to Build Autonomous Cargo Ships (WSJ – sub. Ryder Reports Second Quarter 2017 Results. Shipping expenses increased 36 percent in the quarter to over $4.5 Hunt Transport Services, Inc. ATA Opposes Efforts to Delay ELD Deadline.
When terminals cannot move cargo, the costs can escalate quickly. When shipping giant Maersk fell victim to NotPetya malware in 2017, the costs were estimated at between $200 and $300 million. Port and maritime operations are critical to the stability of the global supply chain and the global economy.
In this situation, an autonomous vehicle brings a package to a customer’s house, whereupon the customer enters a code and retrieves the package from a cargo hold. Udelv’s delivery bot is a multi-stop electric delivery vehicle which features a self-contained, swappable modular cargo pod called the uPod.
The proportion of work-related injuries among newly hired workers increased from 2017 to 2022, with workers under 25 reporting more frequent injuries than those 55 and older, according to a report released by the Workers Compensation Research Institute. The report, which analyzed 8.4 The report, which analyzed 8.4
What Berglund is referring to is the advantage that shipping lines hold for negotiations with cargo shippers for 2022 and beyond. Xeneta currently puts the Asia-West Coast spot rate at just under $10,000 per FEU, with some cargoes paying additional priority shipment fees of $1,400-$7,500. By October, it was up to $6,000-$6,500 per FEU.
Strong Software Bookings Growth Highlights First Half 2017 Results for JDA. TSA reviewing cargo screening, concerned about terror vulnerabilities (CNN). For the fiscal year ending May 31, 2017, Milgram had approximately $155.3 In Q2 2017 , Global Forwarding net revenues increased 24.5 percent to $121.0 percent to $250.0
Rigs regularly relied on to transport livestock animals need to ensure they have consistent and proper airflow and circulation to keep their cargo healthy and in excellent shape for market. 4 Drivers of the Looming Transportation Capacity Crisis of 2017. What do you think will happen by 2017 in this transportation capacity issue?
Today, 75 to 80% of cargo arrives on time. It fixed a glaring business problem in the industry – a tacit understanding that container liners would charge extra, on top of existing fees, if they had a container they could ship for more (rolled cargo). As long as you know which 75 to 80% is, you can provide a guarantee on that.
The post This Week in Logistics News (December 4-8, 2017) appeared first on Talking Logistics with Adrian Gonzalez. We decided to collaborate with Descartes because of their expertise in multi-modal transportation messaging and customs filing. And with that, have a happy weekend! Song of the Week: “Two High” by Moon Taxi.
2017 started right where 2016 left off: with plenty of supply chain and logistics news. This news underscores another of my predictions for 2017 — that the convergence of commerce and logistics will continue. If this first week of 2017 is any indication, we’re in for another fun and wild ride in the industry this year.
It’s December 1, the beginning of the end of 2017. For the Port Authority of New York and New Jersey, October’s total cargo volume broke the all-time record for the month. The post This Week in Logistics News (November 27 – December 1, 2017) appeared first on Talking Logistics with Adrian Gonzalez. Pringles !).
Descartes Reports Fiscal 2017 Fourth Quarter and Annual Financial Results. January 2017 Freight Transportation Services Index (TSI). FMCSA confirms permanent ‘restart rollback’ based on study results (CCJ). CX North America Integrates Its Freight Collaboration Platform With Active Aero Group’s Technology.
International cross-border e-commerce is typically transported by air cargo. In 2017, for example, Maersk began offering services to Chinese shippers on Alibaba's OneTouch booking website. Amazon Global Logistics shippers ship ocean cargo from China directly into the Amazon fulfillment network in the US, UK, and EU.
That’s what I wrote last December in my supply chain and logistics predictions for 2017, and last September in The Day a Cyber Attack Brings the World’s Supply Chains to a Halt. South Florida Container Terminal, for example, said dry cargo could not be delivered and no container would be received.
Nicole navigated through a series of pivotal operational roles within major transportation brokerage companies, immersing herself in the intricate nuances of freight logistics—the essence of moving cargo.
In the meantime, here’s this week’s supply chain and logistics news: Amazon Plans Air Cargo Service for Chinese Customers (WSJ – sub. According to an article in the paper this week, “[Amazon] is planning to offer its sellers in China the ability to fly their goods internationally as air cargo, according to an Amazon Logistics site.”
Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub. Automated Truck Firm Raises $60 Million (WSJ – sub. Turnpike travelers will see semi-autonomous trucks on the road this year (Cleveland.com). These Giant Drones Could Seriously Disrupt the Shipping Industry (NBC News).
Hypleroop One is rebranding itself as Virgin Hyperloop One, and Branson is joining the board…Virgin Hyperloop One will focus on a passenger and mixed-use cargo service.
Our salute to the best advancements in supply chain technology, processes and labor management from 2017. Content Summary: First Self-Sailing Electric Cargo Ship Set to Launch. This is our annual salute to the best in people, processes and technology within the supply chain arena.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long Millions of people descended on states with views of the 2017 total solar eclipse, congesting roadways. mile-long span.
The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. Changing Trends in BCO Air Cargo Procurement. Uncertainty became the byword. Watch Peak Season Webinar. Signup Now.
With its GDP of $9.474 trillion as of 2017, India is the third-largest economy in the world, behind China and the US. India has 253 airports with paved runways and most are able to support cargo traffic. India has 1,731 vessels in its merchant marine, including bulk carriers, container ships, general cargo ships and oil tankers.
The Energy Observer project started in France in 2017 with support from French industries. The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. The original gyro style wind energy installations were replaced with a wing type sail in 2019.
Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Between May and June 2017, more than 90 percent of cargo thefts involved trucks. The first step to preventing cargo theft is to complete a risk assessment. These cargos are also at risk.
days for general cargo vessels. Since launching the world’s first autonomous drone delivery system in Reykjavik, Iceland in 2017, Flytrex has been working closely with regulators to get drone delivery off the ground. The ACP is encouraging all vessels to use the queueing system to reserve a slot.
In addition, looking back to the summer of 2017, the June-August peak that typically happens was slower than anticipated. The 2017 holiday season was very strong and that carried through into the Chinese New Year. Driving this was strong imports – especially for retailers. Thanks to an increase in ecommerce.
The 2017-18 ocean shipping contract season is underway. After this experience, some companies feel they need to consider their carriers’ financials and do all they can to avoid putting their cargo on carriers that they perceive to be at risk. In this post, Sri Laxmana, Director of Ocean Services at C.H.
March 29, 2017) – Freightos ®, the logistics technology company bringing freight online, today announced the completion of a $25 million Series B extension round, led by GE Ventures , with participation by additional investors that bring the company’s total funding to $50 million. Jonathan Pulitzer. Managing Director at GE Venture.
In his 2017 annual shareholder letter , Bezos lauded “divinely discontent” customers as innovation drivers. According to their 2017 annual report, over a quarter of Amazon’s third-party sales (which represent half of Amazon’s sales) are cross-border. billion between 2015 and 2017. Amazon Fulfillment. billion to $21.7
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. One goal, two different motivations.
He is member of the IATA Air Cargo Innovation Awards Jury and the Logistikweisen, a think tank under the patronage of the German Federal Ministry BMVI. He is FT, Forbes, Fortune, BI contributor and author of books, including The Global Supply Chain – 2017 and How Logistics Shapes Our Lives – 2013 (German).
More findings on the cloud cargo transportation and warehouse management systems you may discover on the web. To get more information on how logistics may change within the next couple of years, you may read the article Supply Chain Trends To Follow In 2017 by Steve Banker at Forbes. A Better Scope Management.
Turkey has 91 airports with paved runways, many of which are capable of handling jets and cargo planes. 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. In 2017, Turkey exported $155.2 Turkey’s workforce consists of 31.3
Air cargo firms feel the pressure from plunge in freight prices (Reuters). When the economy picks up, inventory levels drop below a certain threshold, and/or capacity is realigned with demand — whichever occurs first, which by most estimates won’t happen until late this year or early 2017.
In one major case in 2017, the Hanjin Shipping company was declared bankrupt by South Korean courts. The planners could choose to switch cargo from a slow-moving ship to air, for example. Having better ETAs (estimated time of arrivals) improved operational performance and service levels. Hanjin was a major carrier for Molex.
Deans ( @dhdeans ) reports, “The online tracking of trailers, containers, rail wagons and cargo boxes is becoming increasingly common in all markets across the globe. Deans, “ How IoT and blockchain is set to transform the global cargo industry ,” Telecoms , 29 May 2018. [5] ” Cerasis, 24 may 2017. [12]
In light of what happened, some companies still look at carriers’ financials and try to avoid putting cargo on carriers that might be at risk. The fact remains that the cargo can still move with the carrier you are trying to avoid under a different bill of lading. As the bunker cost increases, so does the pressure on rates.
Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. Small trucker, Malcom McLean, fumes at slow loading of cargo aboard ship – “There has to be a better way.”. First intermodal cargo transportation (containers are stacked on deck). Significance.
From the last half of 2017 through today and beyond, a slew of market forces, some predictable and some unexpected, have combined to create a very real truck capacity shortage in the United States. economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped.
Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. Small trucker, Malcom McLean, fumes at slow loading of cargo aboard ship – “There has to be a better way.”. First intermodal cargo transportation (containers are stacked on deck). Significance. Loading costs plummet.
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