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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. And now on to this week’s logistics news.
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). Colorado also adopted the rule but will have a heavy duty truck provision begin in 2027.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Supply Chain Brain ). Bloomberg).
freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. percent drop in cargo volumes.
In recent times, the integration of road freight technologies has emerged as a potential catalyst for disrupting maritime shipping operations. In this article, we’ll outline some pivotal advancements transforming maritime shipping and delve into how tried-and-tested road freight technologies are already featuring in this transformation.
On June 29, FedEx revealed “Network 2.0”, a new long-term strategy focused on collaborating with FedEx’s three previously separate entities: FedEx Express, FedEx Freight, and FedEx Ground. As passenger planes pull off record-level flights, air cargo is quieting down. UPS Pilot Contract Successfully Extended.
According to the National Cargo Security Council, these issues result in an annual $50 billion in cargo losses. 14706 to the Interstate Commerce Act limits shippers’ liability and allows logistics providers to operate with the knowledge that federal law holds responsible parties accountable for freight loss. .
With global cargo lanes clogged, businesses are turning to new ways to deliver goods. Mississippi River cargo traffic near Luling, La. Rickenbacker International Airport was a bustling hub for air freight well before the pandemic—a day’s truck drive to half of the U.S. We had a good cargo business before the pandemic.
Added safety and health protections, to include vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan. All existing delivery vehicles will be equipped with two fans and air induction vents in cargo compartments.
Benefits include efficient tracking, vehicle and cargo safety, automated logs, route optimization, low operating costs, timely deliveries, fuel savings, reduced carbon footprint, and improved customer service. The market for logistics robotics is predicted to reach $6 billion by 2027.
trillion by 2027. Air Cargo Capabilities. As Denmark-based carrier Maersk looks to expand air cargo capabilities around the globe, North American airports see increased investment from the multimodal shipping giant. In October, Maersk Air Cargo announced two weekly flights from Greenville, S.C., Maersk Invests in U.S.
Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. Two years later, it committed to importing $10 billion of goods from India each year by 2027. And now on to this week’s logistics news.
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