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Cargo volumes at the Port of Los Angeles rose 3 percent year-over-year to 828,016 TEUs in August, marking the first increase in 13 months, port officials said. And with no holiday surcharges, we are strongly positioned to be America’s most affordable delivery provider this holiday season.”
On the industry level, overcapacity is estimated to peak next year, after which some carriers expect the market to balance out , while some analysts expect the market to be in some state of oversupply through 2028. In air cargo, there are signs that global volumes are increasing. Freightos Air Index China – N. Asia – N.
This means that further consideration will be required when the Strategy is next revised by the IMO in 2028. The levels of reduction associated with the 2030 and 2040 indicative checkpoints do still not align the sector with a pathway that limits global warming to 1.5°C. Leverage circular economy principles as a driver for systemic change.
According to a published report from the Japan Times , Panasonic Holdings announced that its battery manufacturing unit plans to quadruple production of electric vehicle batteries by fiscal 2028 amid increasing demand from U.S. auto makers including Tesla.
Predictive Analytics For years, IoT sensors have been deployed on trucks and containers to collect data on the condition and status of cargo. billion by 2028, growing at a compound annual growth rate of 14.2% Similarly, maritime shipping companies are now using these sensors to enable predictive maintenance.
The tentative agreement that will head through a ratification process over the next couple months reportedly includes a $70 million bonus and a gradual 32% wage increase for union members through 2028. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg and are 39% lower than last June.
The ecommerce revenue growth trends of Singapore, Malaysia, Vietnam, Thailand, Philippines, and Indonesia over the period till 2028 all show a growth of over 60%. Ecommerce revenue in Southeast Asia (see Fig.1) billion in 2023 to $60.63 billion in 2024. 1 Ecommerce revenue forecast of selected Southeast Asia countries.
As ebbing restrictions and country lockdowns impact international air travel, significantly fewer flights can transport pharmaceuticals with the available cargo space. billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.34% from 2021 to 2028.”
For starters, the USPS will increase the quantity of so-called Next Generation Delivery Vehicles (NGDV) to a minimum of 60,000, of which at least 75% or 45,000 will be battery powered, by 2028. billion will now be allocated for USPS delivery vehicle purchase between now and 2028. Thereafter, purchases will be 100% electric.
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