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About half the products we buy in stores are imported, which means they not only went through a complex shipping process, but also had to be cleared through customs before they could be sold to us. . Freightos.com already makes international shipping easy. Freightos.com already makes international shipping easy.
Despite recent reports of some air cargo volume increases stoking some hope for air peak season, Freightos Air Index ex-Asia rates fell 2% to N. The outbreak of war in Israel has so far had little impact on ocean operations there or in the region, though many passenger and freighter flights to Israel have been canceled.
After three attacks on Israel-linked vessels in the Red Sea, including one container ship, ZIM Lines decided to divert one ship around the Cape of Good Hope. One hijacking attempt was prevented by American and Japanese naval interventions, reflecting increased international efforts to keep crucial shipping lanes unobstructed.
The Suez is facing a different set of challenges though, as Houthis in Yemen attacked three more vessels – two bulk carriers, and an OOCL container vessel they determined to have links to Israeli-ownership – and a US Navy ship on Sunday. Freight news travels faster than cargo Get industry-leading insights in your inbox.
World trade is built on a foundation of global shipping. In the two years prior to starting Freightos, I witnessed, as CEO of a company called Lightech, how international shipping is offline, opaque and inefficient, adding cost and uncertainty to cross-border trade. Hagag Towers, North Tower, Floor 24, Haarba 28, Tel Aviv, Israel.
Houthis expanded their threat to Red Sea traffic to include all Israel-bound – not just Israeli-owned – vessels this week, and attacked a tanker it claimed was bound for Israel on Tuesday. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Passages, capes, and straits are defined as geographical areas through which international shipping routes must transit. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. In 1956, Israel, France, and Britain invaded Egypt as a result.
This both reduces the risk of error and improves speed to create a smoother shipping process. A successful demand plan can significantly cut costs due to out-of-stocks, overstocks, and expedited shipping. For example, Ro-Ro, or Roll on Roll off, is the traditional method of shipping finished vehicles.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. Staten Island workers could challenge the company’s current labor model, which is the backbone of its Prime two-day shipping promise. Walgreens to offer Wing drone delivery in suburban Dallas.
A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. The history of the company can be traced back to 1870.
When a driver working out of any of the 20 delivery centers currently equipped with the tech returns their vehicle at the end of a shift, they slowly drive it through a sensor-laden archway made by startup UVeye, which has headquarters in the US and Israel. There’s a mandate in place for full electrification by 2026.
The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.
That means maritime shipping lies at the very heart of the global logistical system. At the time, Ron Widdows , former chairman of the World Shipping Council, reported that piracy was costing “the global shipping industry anywhere from $3.5 Nearly 90 per cent of global trade is carried by sea-going vessels.
The conference commenced alongside news of another container ship hit by a missile strike , and new developments in the saga, including the first sunk vessel , and Houthi demands that ships obtain a permit from the rebel group in order to transit Yemeni waters. In terms of air cargo labor, repeated strikes by ver.di
Bordered by Lebanon, Syria, Jordan, and Egypt, the State of Israel is connected to even more countries through the global supply chain. In 2021, Israel’s main import partners were all over the map, from China to the US, Turkey, Germany, and Switzerland. Open ports close to Israel include Ashdod, Haifa, Latakia, Beirut, and Tripoli.
It has forced a number of companies to re-route cargo around Africa’s Cape of Good Hope, adding days to journeys. But one major shipping firm claimed the disruption will not lead to empty shelves in shops. It has forced a number of companies to re-route cargo around Africa’s Cape of Good Hope, adding days to journeys.
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. And now on to this week’s logistics news.
With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supply chain. Israel-Hamas War The Israel-Hamas war has posed a serious threat to the global supply chains.
Understand how the recent Red Sea ship attacks are impacting global supply chains and how to mitigate potential risks. Ships are avoiding Egypt’s Suez Canal, the shortest maritime route from Europe to Asia and one of the world’s most important waterways, which accounts for about 12% of the world’s shipping traffic.
Geopolitics This year, three major geopolitical conflicts impacted the global supply chain: the Russia-Ukraine war, China-Taiwan tensions, and the Israel-Hamas war. The ongoing Israel-Hamas war continues to pose a threat to the high-tech industry and pharmaceutical industry.
Port of Oakland sets all-time cargo record. West coast ports race to clear ship backlog by August. The Port of Oakland reached a milestone in April, setting an all-time record for cargo handling. Over the last few months, the number of ships that have been anchored outside of ports has slowly decreased.
Texas announced a renewed push for cargo-truck inspections last month as part of Abbott’s “Operation Lone Star” plan to deter illegal border crossings and drug smuggling amid what he says is a lack of enforcement by the federal government. UPS late Monday also said it had stopped flying to Israel. Civil aviation authorities in the U.S.,
Federal Maritime Commission in accordance with the Shipping Act and the regulations of the Commission set forth in 46 CFR Part 500. SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier.
Analysis Israel-Hamas Ceasefire and Red Sea Crisis The six-week first stage of the Israel – Hamas ceasefire began on Sunday bringing a reprieve to the fifteen months of fighting which were also the pretext for Houthi attacks on vessels in the Red Sea. China – N. Europe weekly prices fell 9% to $3.19/kg. Europe – N.
cargo imports in May could hit highest level since last October Transloading is heating up again Hundreds of cargoships lost propulsion in U.S. Recycled bags will be processed into raw materials that can be used to make things like shipping pallets and outdoor furniture, Walmart said.
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