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And now on to this week’s logistics news. FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. FedEx also plans to test autonomous drone cargo delivery, partnering with Elroy Air. Amazon workers in Staten Island vote to unionize.
And now on to this week’s logistics news. UPS announced Sunday it plans to sell its truckload brokerage business Coyote Logistics to the technology-enabled brokerage RXO for $1.025 billion. According to the company, Chicago-based Coyote Logistics manages around 10,000 loads per day with a network of over 10,000 carriers. “As
And now on to this week’s logistics news. US Air Force wants a commercial Rocket Cargo Vanguard to fly stuff anywhere on Earth. Intel turns to reverse logistics to create “circular economy”. If the project, called Rocket Cargo, goes as planned, it would take advantage of this fast-growing market. billion with exports up.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
And now on to this week’s logistics news. The cargo deliveries took place July 18 off the coast of Key West, Florida. Volansi says this is the first time ever that an autonomous drone has carried out such missions, carrying cargo between two moving US government vessels. Shoppers were informed of a $9.95
For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Just last year many were chartering their own cargo ships to get all these goods to their destinations.) He lives in Chicago.
It means being able to see where a shipment or an order is while it’s in transit — whether on a truck, a railcar, an ocean liner or a cargo plane — anywhere in the world. He founded FourKites in 2014 after recognizing pain points in the logistics industry and designing elegant and effective systems to address them. He lives in Chicago.
And now on to this week’s logistics news. Schiphol airport gears up for chilled vaccine cargos. The flights were reportedly between Brussels and Chicago, and represent one leg of a chain, which will extend from Chicago to distribution hubs around the US. I guess maybe it’s my turn now. That’s all for this week.
Logistics is the prime example of a changing industry – colossal, ripe for disruption and utterly opaque. Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.
It was recently reported that one of the world’s biggest container logistics companies, Maersk, will only handle cargo from direct shippers, cutting out freight forwarders. He founded FourKites in 2014 after recognizing pain points in the logistics industry and designing elegant and effective systems to address them.
Cargo theft is surging across the United States — and food and beverage products seem to be the main targets. Cargo Theft Increases in the United States Cities seeing a spike in freight theft include Los Angeles, Houston, Miami, Savannah, Newark, New Jersey, Memphis, and Chicago.
Speaking of learning, here’s the supply chain and logistics news that caught my attention this week: Will Truckers Trade Futures? are set to launch on Friday [March 29, 2019], testing whether an old-school industry will embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates.”
Revenues increased 25 percent to $38 billion in the quarter compared to Q2 2016, but profits fell by 77 percent as the company continues to invest heavily in its various businesses, including its logistics and fulfillment network. Tesco launches nationwide same-day delivery (Logistics Manager). Hunt Transport Services, Inc.
Practical Applications: Using AI Technologies to Maximize & Compliment Logistics Resources. Hong Kong: Logistics. However, the application of AI technologies to logistics is not limited to resource optimizing and scheduling, Dr Chun said. Thought from The AI Technologies Pioneer.
RILA Retail Supply Chain Conference LINK ($1,095 to $1,595, Depending on Membership and Registration Date) Dates: February 24 – 27, 2019 in Orlando, Florida The RILA LINK conference focuses on giving retail supply chain executives a review of emerging technologies and the opportunities through logistics service providers.
— In this week’s supply chain and logistics news… DSV agrees to acquire UTi Worldwide Inc. UberRUSH – Now Open for Business in Chicago, NYC, and SF. Port of Long Beach sees highest Q3 cargo volume in history (Cargo Business News). For related commentary, see Is XPO Logistics Biting More Than It Can Chew? ).
Moving on to this week’s supply chain and logistics news… Amazon ‘in talks over Hahn Airport base’ ( Lloyd’s Loading List ). Accenture Releases Enhanced Ocean Cargo Pricing Software to Provide Greater Pricing Visibility for Carriers. London’s Delivery Cube “pauses” logistics operations to focus on tech platform ( TechCrunch ).
Material Handling & Logistics ). Material Handling & Logistics ). Because Russia and Ukraine are leading exporters of grain, wheat futures in Chicago rose by almost 6% to $9.26 IATA data shows global demand for air cargo markets jumped 3.7% Logistics Management ). Logistics Management ). Upply ).
We’ve found we needed to serve our customers at peak; we needed more of our own logistics to supplement partners,” said [Amazon Chief Financial Officer Brian Olsavsky] in a call with analysts. In other supply chain and logistics news… This is How Google’s Project Wing Drone Delivery Service Could Work (Fast Company). from 10.9%
Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. Shuttered Sam’s Club in Matteson to find new life as e-commerce fulfillment center (Chicago Tribune). But after toiling in the heat and dirt for two hours, the tree failed to take root and died immediately. The fun never ends.
Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. Noticeably, supply chain pressures made the jump out of the realm of logistics and into mainstream financial markets. and a shifting international format mix.”.
XPO Logistics Expands Last Mile Services with Acquisition of UX Specialized Logistics. With more than 30 cargo ships anchored offshore, countless supply chains scrambling, and the prospect of a $2 billion per day hit on the U.S. Robinson is a Talking Logistics sponsor. UX had revenue and adjusted EBITDA of $113.2
(photo credit: depositphotos.com) According to consulting firm McKinsey, funding for logistics startups almost doubled in 2021 compared to 2020. In total, McKinsey estimates that $80 billion in funding was made in logistics startups in 2021. New to RLA’s annual conference will be a reverse logistics startup competition.
Supply chain disruptions that consist of port and terminal congestion, shipping delays due to high cargo volumes, lack of labor due to Covid-19 and limited space have caused a myriad of challenges for shippers. Lower levels of passenger air travel over the past year have created congestion at air cargo terminals worldwide.
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.
However, today the container business seems to be more logistical than purely shipping. With container ships jumping from 5,000 TEU Panamax to 23,000 TEU Mega jumbos, carriers need huge amounts of cargo to fill these ships – and that’s only possible with cooperative vessel-sharing agreements. What’s new in alliances?
The major impact will be to hazardous cargo (majority of classes), with a hold on Xiamen port from August 1st to September 7th, including imports to Xiamen, exports from Xiamen, and transfers via Xiamen. Vince brings extensive experience and knowledge in carrier rate and contract negotiations, RFQ management, and transpacific ocean business.
What’s your primary carrier’s cargo acceptance rate? For example, setting a goal of 100% truck utilization might be desirable, but the way your logistics function is structured, or the nature of your business model and markets, might dictate that a realistic goal is 80% truck utilization. Are your resources fully utilized?
Atlas also has maintained a strong relationship with DHL including joint ownership of Atlas’ subsidiary Polar Air Cargo in which DHL is a minority owner. I briefly discuss this further in a recent Air Cargo World story I wrote last month - A world potentially on strike. If this company is to succeed, they need to work together.
If you are in Chicago, you can explore different Sprinter Van rentals in Chicago, Illinois , for a fleet of various Mercedes Sprinter models to serve all kinds of purposes. Long-term van rental provides flexibility in terms of both budgeting and logistics.
Floor & Decor is opening a new transload distribution facility in Los Angeles to allow it to “maximize cargo weight which will lead to fewer containers and drive ocean freight drayage savings,” according to the retailer’s CFO, Trevor Lang. For daily thoughts and shares, be sure to follow me on Twitter and LinkedIn.
I missed sending out a post last week and really am sorry about that but…here’s my excuse…I was at the Reverse Logistics Association (RLA) Leadership Conference last week. Reverse logistics is a fascinating part of supply chains that tends to get overlooked by many. Hey there! by industry and lots more.
They’ll walk into the local department store, fill their carts with paper towel, clothes and cookies never taking a moment to ponder the supply logistics required to get those products into their cart. Which comes upon the next point.
Catch my weekly column on air cargo, freight forwarding, and the express markets, and the occasional podcast on Air Cargo World. For daily thoughts and shares, be sure to follow me on Twitter and LinkedIn. I wear a number of hats these days. Thanks for reading Rethinking supply chains!
And now on to this week’s logistics news. US cargo airlines up in arms over Saudia flying rights request. The right means an airline can essentially operate a foreign hub, which is especially helpful for all-cargo carriers that often get booked for ad hoc charters to irregular destinations. JD.com opens robotic shops in Europe.
Some ORC activity happens before merchandise ever reaches stores, with 29% of retailers saying they had been the victim of cargo theft that occurred along their supply chains. The number was down from 40% last year and 44% the year before. The country’s largest cities are the most frequent targets of ORC.
And now on to this week’s logistics news. BrightDrop, which plans to sell electric pallet movers this year and an electric cargo van next year, will deliver 500 FedEx delivery vehicles this year. Albertsons is piloting a new contactless pick-up kiosk at its Jewel-Osco stores in Chicago. That’s all for this week.
And now on to this week’s logistics news. billion in chemicals cargo a week. Today, the company is laser-focused on applying its technology to one of the most labor-intensive, physically demanding, and highest turnover work areas in logistics operations: truck unloading. Boston, and Chicago. That’s all for this week.
RILA Retail Supply Chain Conference LINK ($1,095 to $1,595, Depending on Membership and Registration Date) Dates: February 24 – 27, 2019 in Orlando, Florida The RILA LINK conference focuses on giving retail supply chain executives a review of emerging technologies and the opportunities through logistics service providers.
And now on to this week’s logistics news: Amazon in the news: Amazon closes, abandons plans for dozens of U.S. ” Freight rates on the main ocean trade routes are sinking during what is typically the industry’s peak season after cargo owners shipped holiday goods early and inflation dented consumer demand. warehouses.
How outsourcing logistics can help build resilience . The Suez Canal became blocked, which held up inventory from the cargo on board the ship, as well as other ships that couldn’t go their planned route. Rely on logistics experts. What it means to have supply chain resilience. Supply chain weaknesses exposed by COVID-19.
While the growth in the third-party logistics market has slowed somewhat, 90% of the major companies in the U.S. third-party logistics market has grown to become a $166.8 CEVA Logistics (The Americas). CEVA Logistics (The Americas). Total Quality Logistics. Total Quality Logistics. Coyote Logistics.
Cargo diversion, hijacking and piracy are all concerns. The Tylenol poisoning in Chicago in 1982 was one such case. Cargo theft is mostly done by hijacking the driver transporting the goods. For example, cargo thieves stop hijacking trucks. For example, the software can detect cargo moving in or out of authorized areas.
In its reporting, Bloomberg indicated that Amazon has long practiced a strategy of taking stakes in business areas deemed a priority including a grocery chain, cargo airlines, EV powered parcel vans and others. Morgan Growth Equity Partners and Index Ventures. The technology start-up secured $30 million in Series A funding in 2022.
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