This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
More Resources Home September 26, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 4% to $4.41/kg
Rahmel Wattley and Joe Lynch discuss the FreightFest 2023. FreightFest 2023 is presented by Truck N’ Hustle. About FreightFest 2023 FreightFest 23 , presented by Truck N’ Hustle, is an eagerly anticipated event in the Trucking, Transportation & Logistics industry.
A crowd of nearly 37,000 people flocked to the Javits Center in New York City to see what new solutions and innovations software suppliers had in store for 2023 and beyond. Blue Yonder At NRF 2023, Blue Yonder showcased a number of solutions around omni-channel order management and e-commerce integration.
Peter Tirschwell and Joe Lynch discuss highlights from TPM 2023. the world’s largest container shipping conference, now 23 years old. The JOC develops industry-leading events such as TPM , the world’s largest containerized shipping event. He is the founder and chairman of the annual JOC TPM conference in Long Beach, Calif.,
More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $4.80/kg
More Resources Home October 4, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 8% to $4.75/kg
Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.
e-commerce customers’ love for free shipping. ‘de minimis’ rule, which exempts imports under $800 from customs and makes brokerage fees minimal, they have shipped massive volumes via air cargo. kg in the latter half of 2022, before rebounding to above $5/kg by November 2023, largely driven by e-commerce demands.
Read more The post Above the Fold: Supply Chain Logistics News (October 20, 2023) appeared first on Talking Logistics with Adrian Gonzalez. Certainly back to before social media was created. Or maybe back to before nuclear weapons existed? I’m not sure if it’s.
And the answer lies in how their 2023 went too. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. They should monitor the evolving geopolitical situation and adjust their shipping strategies accordingly.
Last week I was at the SAP Sapphire conference, and this week I was at Manhattan Associates’ Momentum 2023 conference. Read more The post Above the Fold: Supply Chain Logistics News (May 26, 2023) appeared first on Talking Logistics with Adrian Gonzalez. I’ll share my takeaways from both events in upcoming posts.
Read more The post Above the Fold: Supply Chain Logistics News (December 8, 2023) appeared first on Talking Logistics with Adrian Gonzalez. So, while I still have the energy, here’s the supply chain and logistics news that caught my attention this.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. This was terrible news for a company now on the hook to ship to kids who were suddenly cooped up and hankering for a fort.
More Resources Home October 11, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 2% to $4.65/kg
Then again, the weather forecasters were terribly wrong last week, when they predicted inches of snow and all we got was a dusting, Read more The post Above the Fold: Supply Chain Logistics News (March 3, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 By the end of 2023, 71 percent of GM’s direct and logistics suppliers had committed to the pledge. In 2023, they reported just 221 containers were lost at sea out of 250 million transported.
Amazon in the news: Amazon’s Prime orders are getting delivered faster and faster Hawaiian Airlines slowly adds freighters for Amazon business Walmart in-store AI is giving employees advice on how to sell products USPS delivery unit proposal sparks service, cost concerns for shipping partners White House earmarks $1.5B
And when rates plummeted in early 2023, carriers saw importers no-show on their volume commitments in favor of the less-expensive spot market. Here, again, ocean freight is looking to examples from other industries for tested solutions to recurring problems. But this problem isn’t new.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo revenues in 2023 to $1.5bn.
Responding to the 2023 IMO GHG Strategy by Wolfgang Lehmacher, Mikael Lind and Robert Ward Illustration: Sandra Haraldson, RISE 7 July 2023 marked a historic day for the shipping sector when the International Maritime Organization (IMO) adopted its 2023 IMO Strategy on Reduction of GHG Emissions from Ships (2023 Strategy).
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
More Resources Home Spy Planes to Shipping Rates: Developing the Next Generation When Nothing Is Really Broken Eytan Buchman September 20, 2023 Unbox your Freight knowledge. Besides how interesting the full three hour podcast was, I had a few other takeaways that will bring us back to freight (but still stay in the air!).
In 2023, Amazon experimented with new logistics strategies and technologies to quickly fulfill and deliver orders, and these changes paid off big. Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. And now on to this week’s logistics news.
See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this age of globalization, using ocean freight to transport goods is increasingly important to emerging brands. In May 2023, shipping rates from Asia suddenly plummeted.
The Superconductivity Prelude Late in July 2023, South Korean researchers made headlines with a potential discovery – now mostly debunked – of a material that enabled superconductivity at room temperature. LK-99 Replication Vlog (August 3rd, 2023) Insane that @andrewmccalip @zebulgar & team pulled this off so quickly.
2022 Realities vs 2023 Predictions. The tight capacity and shipping downtime can increase rates and severely disrupt freight flow for months. When you have visibility of emission footprints of transport scenarios before companies’ book freight, you can do more than just report historical emissions after the fact.
Mark joined Princeton TMX in September 2023. Mark’s 35 years in transportation and logistics includes 17 years of experience with Transplace (now Uber Freight), where he held the position of Sr. An experience that was built by freight practitioners for freight practitioners. Hunt Transport, Inc. and Penske Logistics.
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. At the heart of it all, an effective procurement strategy remains paramount.
In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. In March 2023, the level of disruption fell to a level seen in November 1998. Unrest in Sudan.
Just in time for the holidays, the Ship It Zero campaign is bringing visibility to the impacts of dirty ocean shipping caused by mega retailers all year round but especially as they ship their goods during the holiday season. I KEA earned a B+ in our 2023 Decarbonization Report Card and was the highest scoring company overall.
inflation rate is sitting at 6% as of February 2023. Fuel Prices Fuel prices have also been steadily declining since the beginning of 2023. Large impacts on the freight market remain to be seen. Retailers Out-of-Stocks Based on IRI data , the beverage industry was out-of-stock on average 10% in March 2023.
By 1956, the first container ship sailed from the port of New Jersey to Texas. That includes packaging, warehousing, shipping, and more. 5] Staff, “ National Logistics Day 2023 ,” Logistics Plus. [6] The post National Logistics Day 2023 first appeared on Enterra Solutions.
And the jury is still out on what 2023 will hold. Forecasts call for freight rate slumps in 2023. The FedEx program will accept unboxed, unlabeled returns, then consolidate returned items and ship them back to merchants. On the water, ocean freight carriers set exceptionally high container rates during 2022.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. In FY 2023/24, the SCA’s revenue fell to $7.2 billion from $9.4
A significant milestone in Beyrouti’s career was his role as the Senior Director of Delivery Solutions, a pivotal position where he led the revenue operations in marketing, strategy, and sales events from 2021 to 2023. As the first management hire, he was instrumental in guiding the company toward its acquisition by UPS in May of 2022.
US EPA to set tougher heavy duty emissions rules in 2023. Retailers turning to specific-day delivery over speediest shipping. They also have faced tense geopolitical environments, unreliable and expensive global shipping services and supply chain delays exacerbated by port congestion and even inland transportation issues.
Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.
FedEx also announced rate increases for 2023, averaging 6.9% for express shipping rates and between 6.9% -7.9% for freight rates. Fuel surcharge increase for FedEx Express, FedEx Ground, and FedEx Freight shipments. No Shipment Tendered surcharge for FedEx Freight shipments. Medium flat-rate box $17.05 $17.10
The retailer has partnered with the Bengaluru-based cargo airline Quikjet to launch its maiden air freight service in the country, which it said will enable the firm to speed up its delivery. India is the third market where Amazon has launched its freight service. Regional shipping companies across the U.S.
Ship backups that plagued seaports during the Covid pandemic are making a comeback, as vessel diversions because of attacks in the Red Sea trigger gridlock and soaring costs at the start of the peak shipping season. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S.
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. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages.
There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. Yes, SAP had inbound ASN’s (advanced ship notices). But they were very basic.
Read more The post Above the Fold: Supply Chain Logistics News (March 10, 2023) appeared first on Talking Logistics with Adrian Gonzalez. The goal is to sell my son on going there.
Whether it’s rolling COVID-19 lockdowns in port-heavy provinces or the dozens of ships waiting to offload at the ports in California, there’s not nearly enough capacity to fulfill demand. With tightening freight capacity, shippers need more carrier coverage to make an informed decision about the right price to be paid to transport freight.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content