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The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 percent year-on-year decline in cargo revenues in 2023 to $1.5bn. percent, or $24.5 billion worth, the survey found.
More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?
While the air passenger industry has a solid tech foundation, air cargo does not. And while that’s easy for me to say as a startup, it’s echoed by industry professionals as well: I think, in general, the air cargo industry is still pretty traditional and it’s not really embracing technology. DISCOVER AIR FREIGHT SOLUTIONS.
Typically, 45% to 50% of cargo is carried in belly holds of aircraft. The digital twin allows for internal operations as well as customers to view the various processes, along with detailed metrices throughout the facility. Singapore’s Status a Global Hub. From its peak, 97% flight capacity was reduced from Singapore Airlines.
In addition, we have taken several steps in the past few years to affect industry change, such as being an active member of the Clean Cargo Group and joining the Sustainable Air Freight Alliance (SAFA). Photo Credit: United Airlines. million gallons of SAF this year. Acting for Responsible Trade.
The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long mile-long span. The collapse sent vehicles and people plunging into the water.
Even if you’re working with familiar partners, provide detailed lane data, including origin and destination zip code info, freight volume and frequency, commodity types, cargo values, special equipment and delivery requirements, terms and conditions and facility profiles. Use data to drive the RFP. Be clear about how you will measure success.
Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers. Disruptive risks on the other hand are harder to predict and manage.
Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Retailers like Amazon are chartering private cargo ships, making their own containers, and leasing planes to bypass supply chain disruptions like long wait times for dock space and workers.
The unprecedented cargo logjams off the southern California coast wreaking havoc on supply chains show no signs of waning. Just two days before Thanksgiving, FreightWaves reported an “all-time-high 93 ships” were waiting there.
Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods. performance metrics to influence vendor behavior and impact sourcing choices. Sourcing uses P.O.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Malcolm McLean, a trucker from North Carolina, was tired of waiting. What additional components would allow you achieve your business objectives?
Space utilization, or vehicle fill, is a critical metric that can be measured in various ways: Pallet numbers and height: While common, this method can be misleading depending on cargo density. Deck-area coverage: This measures the percentage of floor space used by cargo and is particularly relevant when stacking height is restricted.
Examples of this technology includes GPS sensors that give you the exact location of containers moving through the supply chain and devices attached to refrigerated cargo that monitor internal temperature. MORE FROM THIS EDITION. 5 Megatrends Shaping Supply Chain Innovations.
In fact, the outperforming logistics vendors today (based on profitability and revenue growth metrics) are the ones that were extra cautious on capital expenditure in the years following the recession. Similar behavior was seen across road transport and air cargo.
Within the report, each risk is assigned a risk score metric to help global supply chain leaders prioritize planning and mitigation efforts this year. Specifically cited are impacts on third-party logistics providers (3PLs) being disproportionately impacted by ongoing cyber threats compared to transit hubs like cargo ports and airports.
In this new, connected world, the Warehouse of the Future is about achieving key operational metrics and exceeding customer service requirements more profitably while supporting sustainability goals. for location, humidity, temperature) that are interconnected across digital networks. billion in 2020 and is projected to reach USD $14.18
Do you have the right metrics? Metrics show how your supply chain is performing – providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indicators of performance in terms of these goals?
More findings on the cloud cargo transportation and warehouse management systems you may discover on the web. The cloud-based logistics has lots of metric tools. The transition from an on-site data handling to the cloud one opens the new opportunities in the overall company management. A Better Scope Management.
On March 16th-18th, I will be on a book tour in Europe discussing the concepts of Supply Chain Metrics That Matter. Uncategorized cargo global trade inventory ports supply chain visibility' How are you preparing? I look forward to your feedback. I hope to see you soon in my travels. Lora Cecere is the Supply Chain Shaman.
Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Supply Plan: The Supply Plan metric provides Walmart’s best guess on how many units it expects to order from a supplier. Our Retail Intelligence software allows you to view all sorts of metrics in easy to understand charts, maps, and numbers.
Home Depot has not joined the Cargo Owners for Zero Emission Shipping (coZEV) initiative, or the Zero Emission Maritime Buyers Alliance (ZEMBA). million metric tons of carbon dioxide (+18% average year-over-year since 2019). The company has not announced plans for the transition of this sector to zero emissions.
Chainalytics Creates New Metrics for Demand Planning Consortium. In other news… Descartes Signs SuiteCloud Developer Network Agreement With NetSuite. HighJump Software Announces New Partnership With NetSuite. UPS App For iPad Advances Suite Of Customer Technology Offerings. Maersk warns on slowing global trade ( Financial Times ).
Zara also works with Air France, KLM Cargo and Emirates Air in order that they can coordinate directly with the airlines to make the outbound shipments to its stores and bring back some raw materials and semi-finished materials with return legs. . Intel ''s new product development is done by the process called Technology Roadmap.
Using data collected in real-time from hundreds of sources, they are able to keep a close watch on customers’ cargo and alert them in case of problems. From improved ETAs to arrival management and proactive solutions to rolled cargo, this collaboration allows the reduction of staff time spent on tracking. .
It can also assist in determining specific metrics that affect the business. Operational considerations come into play as well, such as how much cargo a vehicle can hold and whether a given option is best suited for short or long distance travel.
Business at the Port of Houston is robust, and the volume is growing, based on the hope that the Panama Canal expansion will drive more cargo into the port. It seems as if the infrastructure is continuing to grow, based on the strong oil prices we’ve seen in the last few years.
In order to measure the efficiency of your supply chain, companies must track certain metrics. Metrics help to prioritize activities and improve processes. Some metrics are critical to meeting regulatory requirements and contractual obligations, while others track efficiency and service, which produce higher profits.
Do you have the right metrics? Metrics show how your supply chain is performing—providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indictors of performance in terms of these goals?
The Shippers Council of the Logistics & Supply Chain Management Society comprises close to 30 of the largest shippers or beneficial cargo owners (BCOs) in the Asia Pacific. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
In other words, these are projects with benefits that are not visible in short-term financial metrics, but extremely important from a long-term perspective. Indeed, financially-oriented metrics do not show everything that is important. What about “no-profit” projects in supply chain?
Mike Griswold, Vice President Analyst at Gartner , had this to say about the value supply chain KPIs and metrics. Supply chain metrics provide the vehicle to ‘look at the results’ and gauge the effectiveness of an organization’s execution strategy. Damage Rates or Cargo Loss. It also has a direct correlation to cargo loss.
Delta reported a dip in air cargo freight last month compared to March of 2018. The specific metric used – cargo ton miles – measures the total of tons of cargo moved during a reporting period multiplied by the number of miles flown. This number fell by 5.4% compared to March of last year, and is down 3.2%
But for larger shipments, sometimes representing entire cargo vessels full of freight, reconsolidation is not an option, and an unexpected compensatory pay-out could quickly bankrupt a business. Setting Up and Measuring KPIs and Other Metrics.
The 63 metric ton air shipment of personal protective equipment (PPE) and sanitation supplies valued at some $1.8 Airlink, the NGO that provided the air transportation, collaborated with the ACCEL logistics team to secure cargo space. million grant from Paul G. Airlink has received a grant from the Paul G.
Demand prioritization is best if you have tiered customers or groups or locations (known priorities), you need to maximize metrics like profitability over equitability, or you need to short supply for the present but have more products coming in future.
From early 2020 to mid-2022, digitization among airlines grew from 9% to 35% of global cargo capacity, reaching 50% by 2023. From early 2020 to mid-2022, digitization among airlines grew from 9% to 35% of global cargo capacity, reaching 50% by 2023. This led to a nearly 20-fold increase in digital transactions on Freightos’ platforms.
They explain, “If a company scores an impressive 99 percent in all four categories measured by the standard Perfect Order Metric (POM) — complete, on time, damage-free, proper documentation with correct invoicing — the result would be a POM score of just 96 percent.
In this system, space is shared by all of the cargo on one truck. You can save money by: Stop paying for unused cargo space. LTL shipments can contain one to six pallets, cases, large bundles, or other units for loading that still leaves space for more in the freight carrier’s cargo. Reduce your warehouse costs. Freight Class.
The TMC merges technology, organization and processes to establish a set of services leveraging the scale and efficiency of consolidated network planning, procurement and unified metrics with the agility of localized execution. Transportation & Logistics Global Logistics Network Agility transportation Transportation Management Center'
More stringent customer delivery requirements is certainly one factor, with On-Time In-Full (OTIF) becoming a more critical metric. Simply put, OTIF spells OPPORTUNITY for transportation technology providers. project44 Adds Ocean Visibility to Platform.
It’s not too late to get your product to store shelves in time for Black Friday, thanks to the swift performance of air cargo service. With significantly shorter lead times than other modes, air cargo can get your product to market in as little as a day. Understand the metrics of air cargo: time and money.
It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial. At the heart of it all, an effective procurement strategy remains paramount.
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