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Additionally, the podcast highlights the work of Truckers Against Trafficking, a nonprofit organization that raises awareness about human trafficking and trains professionals in the transportation industry to identify and report potential trafficking situations.
Since the first quarter of 2020, there have been more black swan events than could ever have been expected. First, of course, was the Coronavirus pandemic, then the Texas winter storm, and finally, a ship that blocked the Suez Canal for six days. For the food industry, these have all created major disruptions.
That last few years have been nothing short of eventful for the trucking industry. This, of course, left some large shoes to fill, and unfortunately, 2019 could not meet the mark, with freight rates falling by 27 percent as per Camino Financial. And then came 2020, a year no one could have ever seen coming.
If you’ve worked in the LTL industry for any bit of time, then you know that it’s always changing. The industry hadn’t felt the void of such a large company since Consolidated Freightways closed 20 years prior. A stint of other factors after that didn’t put them in a better position when COVID-19 rolled around in 2020.
You don’t have to hear it from us to know that 2020 has been a wild ride, the effects of which have spilled over into every major facet of our society — and retail is no exception. Of course, crazy high order volume doesn’t just come out of nowhere. Ladies and gents, it’s here. What’s here? The most wonderful time of the year!
Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Air Freight Transportation Trends 2020. Of course, this is pure speculation, and in this time of total uncertainty, any number of other scenarios might unfold.
Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Many product components are sourced from Asia, which experienced a major slowdown in production in early 2020. The maritime industry — 90% of world trade travels by sea — is notoriously manual.
Going into 2020, economies like China’s are expected to further slow down from 6% in 2019 to 5.5% in 2020, and India is going to struggle to increase their numbers from 4.5% (as of September 2019) to 5%. What does all this mean for the containerized shipping market in 2020? The post 2020 U.S. million TEUs.
One thing that is clear—and has been highlighted by the myriad logistical challenges over the course of the pandemic—is the need for increased partnership among industry stakeholders.
Intro to 2020 Supply Chain Management Trends. The new year is upon us, and with the end of 2019 we reach the end of the decade – and the beginning of 2020. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain.
Charley is the Vice President of ZEBOX AMERICA, an international incubator and accelerator of innovative startups focused on two sectoral areas: transport, mobilities, logistics and industry. ZEBOX focuses on two sectoral areas: transport, mobilities, logistics and industry X.0 About Charley Dehoney. on the other hand. ?
He earned his logistics stripes at GlobalTranz, learning the business and riding the fast growth wave to impactful leadership positions, and under Buchanan’s leadership at Loadsmart the account sales team has grown in headcount by 860% and in revenue by 578% (1H YoY 2020 – 2021).
He earned his logistics stripes at GlobalTranz, learning the business and riding the fast growth wave to impactful leadership positions, and under Buchanan’s leadership at Loadsmart the account sales team has grown in headcount by 860% and in revenue by 578% (1H YoY 2020 – 2021).
At KataCon 2020, Steve Medland posed a problem that comes up fairly often: The default Toyota Kata process analysis (“grasp the current condition”) involves determining takt times and cycle times for the process, and a lot of processes don’t have an obvious repeating cadence. First some background just to level-set everyone.
Whereas online courses and programmes were previously managed as a separate entity, they are now an integral part of most academic systems. Corporate training is now a $200 billion USD industry, with e-learning taking up more than half of this amount. Online courses are the quickest path for a student to obtain a degree.
in January 2020, compared to the same period in 2019. The air cargo industry started the year on a weak footing. There was optimism that an easing of US-China trade tensions would give the sector a boost in 2020. year-on-year in January 2020. Lunar New Year in 2020 was earlier than in 2019. Tough times are ahead.
The Aschaffenburg, Germany-based intralogistics specialist Linde Material Handling (Linde MH) has released its sustainability report for 2020. In the year under review, the company employed 334 apprentices training in 14 occupations all over Europe and 30 students pursuing 10 for-credit dual-course college programmes in Germany.
With 2019 coming to an end, it’s important to know what the new year will bring the world of supply chains—here are 5 supply chain predictions for 2020. Going forward, many of 2019’s develops are set to continue into 2020. The post 5 Supply Chain Trends to Watch for in 2020 appeared first on Morai Logistics Inc.
According to Sundeep Sunghavi, the use of predictive analytics will save approximately $630 billion in the manufacturing industry over the next 15 years. Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. billion by 2021.
Therefore, though the spot rates will spike, the increase will not be nearly as dramatic as the industry has previously experienced. Of course, everything is dependent on the economic atmosphere of 2020. percent in 2020. Trucking Market Heading Into 2020 appeared first on More Than Shipping. GDP will expand 2.3
Of course, none of this would be possible without improved self-service features, as explained by “The Impact of B2B E-Commerce on Manufacturers and Distributors,” and comprehensive, easy-to-integrate platforms. This is the result of manufacturers experiencing trouble creating a “single point of access” for data, reports Industry Week.
Most in the logistics industry consider trucking deregulated. While this perspective is accurate in a financial sense, the truth is trucking is among the most regulated industries in the country. It is important to understand government regulations add significantly to the cost of operations which, of course, is reflected in the rates.
trillion by 2020. Although this sounds great for most industries, it represents a major problem for the freight trucking industry. Tesla’s recent announcement of plans to build semiautonomous trucks indicates additional change is on the way for the freight and trucking industry. What about Amazon Air?
In politics, it can of course be necessary at times to portray events as relatively simple in order to reach a wider audience. However, when the speech and the underlying fact sheet is studied more closely, it unfortunately contains a range of misconceptions about how the shipping industry works.
It’s a mega ship of course, or more precisely, an Ultra Large Container Vessel (ULCV). “HMM Algeciras” is the first of twelve 24,000 TEU class vessels scheduled to be sequentially delivered until September 2020 out of a total of 20, with the balance 8 planned for delivery from second quarter of 2021 onwards.
Since August 2020, VDTM ATC instructors have been able to provide theoretical and practical parts of training to all specialists of the industry. ‘It It is a great achievement for our ATC to expand the range of training programmes and include a new type of aircraft.
Nearing the end of 2020, Maersk has remained true to that goal. The shift to full end-to-end integration, of course, leaves no one else in the middle. The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers.
In 2020, winners were awarded cash prizes up to $750, but this time, 10 winners received cash prizes up to double that amount of $1,500. We rely on the proud men and women of the trucking industry to engage in bystander intervention and speak up if they see evidence of potential trafficking throughout the course of their everyday jobs.
But the biggest challenge for bulk shippers in 2021 was also the biggest challenge in 2020, 2019, and 2018. We’re talking, of course, about the bulk truck driver shortage. Supply chain disruptions were headline news in 2021, and the world of bulk freight had its share.
2020 isn’t what we expected. Have you seen the 2020 toilet paper memes? Supply and demand has been thrown off course since consumer interest changed. Who knew going into 2020 that the most demanded items would be hand sanitizers, disinfectants, and toilet paper? When It All Began. Shipping networks were strained.
According to a poll conducted by Deloitte, 39% of consumer and industrial products professionals found at least one instance of fraud or abuse in their supply chains in 2020. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common.
In the debrief department, Sea Intelligence’s Alan Murphy shared data confirming that – of course – surging demand was the trigger for the unprecedented ocean situation. Conversations with major BCOs also pointed to interest in these types of better contracting solutions, even if the industry is still in the early days of this shift.
Copiax is the Nordic region’s largest wholesale company in the security industry. Of course, it’s nearly impossible to accurately monitor inventory availability and minimize capital investment with such a large portfolio. The automation that has been obvious in the industry is now also coming into the offices.
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, according to the 2020 IoT World Today IoT Adoption Survey, 51% of respondents said the virus spurred the need for new digital initiatives.
As we enter a new year, it’s a great time to look back at how far we’ve come as an industry, set our next goalposts, and map out where we should be as an industry by 2020. It should come as no surprise that we are running out the clock until Amazon competes with more aspects of the logistics industry. Amazon is coming.
Of course not. With lots of options and aggressive marketing for online certification courses, you've probably had this question cross your mind. Now that we have that out of the way, let's talk about what you can expect from online courses. The course will most likely have end-of-section quizzes to test your knowledge.
Today, we take a comparative look between the 2008 Shipping Crisis and the Shipping Crisis of 2020-2022. Since the shipping industry contradicts Soy’s Law, which states supply generates demand, building ships is a risky decision and a volatile, cycle-based market that adds significant risk. Shipbuilding market. Freight market.
The renewed interest in the digitization of the sector was given further credence when Maersk indicated that during August 2020, about 41% of its spot bookings were arranged through the company’s online platform. MSC unveiled its instant quoting platform in July 2020. And of course, we’re looking at the uptake curve.
Industry standards range from around 50 to 70 percent of gross margins paid to you with the rest kept by the broker to cover their cost of operating expenses, technology, and any support services they provide to their freight agents. Your commission rate will depend on the freight broker with whom you work.
Those that held on in 2020 continue to face obstacles as recovery begins. And there remain significant problems within the industry. One of the biggest challenges facing the industry right now is deadheading. Waste matters in the shipping industry because every instance leads to higher freight costs. Think about it.
The WTO predicts that if all goes well and the pandemic is brought under control as soon as possible, then 2020 global merchandise trade may only fall by 13% year-over-year compared to 2019. billion in March 2020, according to Trading Economics. The key is how high the drop percentage will be. Chinese exports fell by 6.6.
These laws would classify workers as an “employee” of the company unless that worker performs a service “outside the usual course of the business of the employer.” Reduced 2020 traffic gave back drivers billions of hours. If 2020 was good for anything, it was good for reducing city traffic. The Top 7 Stories in Freight.
It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. The industry is growing and will only continue to suffer from finite trucking capacity. Driver retention is a growing issue as the industry expands.
This is 27% above the Q1-Q3 2020 total and puts the UK industrial & logistics sector on course for a record year, as the unprecedented levels of occupier demand looks set to ensure that the industry will beat the 51.6m sq ft of space taken in 2020. million sq ft.
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