article thumbnail

Eight Interesting Curiosities About Container Ships

MTS Logistics

Container ships definitely affect the environment. For instance, it is estimated that since 2005 to 2012, Somali pirates alone have seized 149 ships, making more than $300 million in ransoms. Only five percent of containers shipped to U.S. ports are inspected, and this percentage is even lower in Europe. Pirates are still a big deal.

article thumbnail

The Important Role of Apprenticeships

Logistics Business Magazine

Since launching our apprenticeship scheme in 2012,” explained Worsley, “we have mentored and trained more than 20 people. For others considering an apprenticeship, McGuinness has the following advice: “It isn’t easy to find an apprenticeship, but I would definitely recommend you try.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Breaking Down Artificial Intelligence (AI)

Trinity Logistics

Definitely no to the last one!) In 2012 , AlexNet won, no dominated, the ImageNet Large Scale Visual Recognition Challenge. Like with Generative AI – at some point I know you’ve seen or heard something created by it and have had the thought, “This is definitely AI.” What is the history of AI? When did it start?

article thumbnail

Big Data: The Driving Force of Supply Chains

Morai Logistics

In 2012, the New York Times published an article entitled “The Age of Big Data”. Industry experts believe that supply chains must continue to utilize Big data to improve efficiency, transparency and immediacy. . The concept of Big Data was developed in 2005, by Roger Magoulas.

article thumbnail

What does Corporate Social Responsibility Really Mean?

Logistics Bureau

I like to quote the following definition of CSR , offered by Chatham House associate fellow, Paul Hohnen. Since 2012—thanks to the support of our clients and industry colleagues—we have recorded more than 6.8 million giving impacts.

article thumbnail

Will the Freight Industry Move to a Discounted Pricing Model Like the Stock Brokerage Industry?

The Logistics of Logistics

Just like the full-service stock broker, today’s freight brokers enjoy some definite advantages including: Operational infrastructure, technology and licenses required to broker freight. To determine average load price and margin, I adjusted this 2012 research from DAT. Average Load Price and Freight Brokerage Margin.

article thumbnail

Standing on the Frontlines of Logistics Change and Volatility Armed with Tech-driven Resiliency

CH Robinson Logistics

History has defined resiliency as being strong and resolute, but the new definition of resiliency will be those who understand vulnerability and prioritize agility. 2012 2,837 exabytes produced. But we haven’t just been building technology, we’ve been building resiliency. Same study stated that. How Much Data Is Created Every Day? [27