This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industryanalysis.
Logistics Industry Outlook with John Larkin. John Larkin and Joe Lynch discuss the logistics industry outlook. In April of 2021, Mr. Larkin became Strategic Advisor at Clarendon, and was named Chair of the firm’s Advisory Board. Clarendon remains 100% focused on the transportation & logistics industry, broadly defined.
Felipe Co-founder and CEO of Loadsmart , where they provide logistics solutions powered by industry experts and next-gen technology that lower costs, increase efficiency, and digitize transportation. Rate Analysis and Benchmarking: Loadsmart helps clients compare freight rates.
Those roadblocks have yet to be removed in 2021, although some early signs of relief are beginning to surface. Here are five trends that all shippers should be keeping an eye on as they plan their ocean freight movement in 2021: The container shortage is still in full force, but it may be easing somewhat. An index of 0.5
In April of 2021, Mr. Larkin became Strategic Advisor at Clarendon, and was named Chair of the firm’s Advisory Board. Clarendon remains 100% focused on the transportation & logistics industry, broadly defined. Brown and Sons’ transportation team, AVP – Planning and Analysis at CSX Transportation, Inc.,
in Industrial & Systems Engineering from Virginia Tech, an M.Eng. Pickett Research (PR) was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. He earned a B.S. in Logistics from MIT, and an MBA from Georgia Tech.
Several challenges loom large for supply chain managers as 2021 approaches for the transportation industry. To be prepared for what 2021 has.read More. To be prepared for what 2021 has.read More.
For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% The global GDP growth rate for 2022 was 3.08%, a 2.94% decline from 2021. Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. increase from 2020.
Beyond the commercial production of carpets, this industry was born as a local tradition. If we look at the situation in recent years, in 2021, the Turkish carpet export landscape was shaped by the large impact of the Covid pandemic and its effects on the global trade, resulting in a noteworthy export value of $3.25
Meat Industry Losses: The U.S. meat industry reported losing approximately $85 million every week during the delays. These figures do not account for the broader impact on other industries like retail and food. According to Statista, the global container shipping industry’s operating profit from 2010-2020 was $37.5
Later, 2021 arrived with port congestion issues, especially in West Coast terminals. In the following months of 2021, the container situation appeared even weirder because of rates. The supply chain crisis did not leave us in 2021. The shipping industry’s reverse trip grew 6-7 times higher than before.
However, the main question for the shipping industry has always been locating less-challenging places to ship cargo from. The post Analysis: Should You Redirect Your Cargo and If So, Where? The first seaport to be affected by the crisis was the Ports of Los Angeles and Long Beach, which are still somewhat congested to this day.
2021 sees massive gains for intermodal demand. per mile and rejections at 27%… Could 2021 be intermodal’s year to shine? increase in imports in the first half of 2021. The FMCSA provided and update on a variety of its trucking regulation initiatives at last week’s Analysis, Research, and Technology Forum.
in Industrial & Systems Engineering from Virginia Tech, an M.Eng. About Pickett Research Pickett Research was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. in Logistics from MIT, and an MBA from Georgia Tech.
As we enter the 2021 holiday season, it is clear now that businesses are struggling more and more every day to fulfill orders from U.S. The shipping industry has been faced with countless Covid-related issues during the pandemic. Analysis shows that it would take 18-30 months to get back to “normal” rate levels.
Since 2021, half of the container ships ordered have been placed by Chinese companies such as OOCL, SITC, and COSCO, which is considered a key factor in China’s position at the top. As of 2021, China’s fleet value reached $1.9 Additionally, China has risen to the top of the market with its container ships.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supply chain innovations.
Imagine if you had a dedicated team that worked to give you in-depth pricing analysis and guidance when submitting long-term pricing.Trinity’s Pricing and Procurement Team does all of this. We know that capacity will continue to be challenging in 2021. The post Are you looking to just survive, or thrive in 2021? 1,000 lanes?
While we’ve seen layoffs in the tech industry skyrocket over the past few months, we’re now observing them in the shipping industry – in the middle of Peak Season. While layoffs within the tech industry have unfortunately become common place with the current state of the global economy, the shipping industry has largely avoided them.
In 2021, major U.S. The total number of containers handled by the Port of Los Angeles was 9,891,020 in 2021. The total number of containers handled by the Port of Los Angeles was 9,891,020 in 2021. The total number of containers handled by the Port of Long Beach was 9,384,368 in 2021. Port of Los Angeles. Port of Houston.
After mergers and consolidations, only 9 remain in 2021. We’ve seen these solutions play out with our global experts and technology platform, Navisphere, by providing shippers with the aggregated data and analysis they need to determine which ports or terminals to avoid and the right tactics to overcome unique challenges.
An explosive detonation at a container yard on August 25, 2021, sent shockwaves around the coastal city of Ningbo, which is a major shipping hub in Zhejiang province, China. Widespread disruption to the worldwide supply chain was caused by the blast, which highlighted the significance of industrial safety procedures.
The trucking industry has seen an interesting last five years. Similar legislation was introduced in the House twice in 2021 and 2023. The consensus, both in the trucking industry and in Congress, is that truckers are overworked, exhausted, and burnt-out, and that is negatively affecting deliveries.
The maritime shipping industry has seen the many ups and downs of positive and negative developments since Covid first emerged over two years ago. Despite economic headwinds, don’t bet against the maritime shipping industry for a strong 2022. The post Will the Skyrocketing Shipping Demand of 2021 and 2022 End Soon?
Going into 2021, supply networks were already dealing with rising demand, increasing port congestion, and production delays. Here’s a look back at the top 5 logistics stories from this year (2021): Suez Canal blockage that affected global supply chains. Global chip shortages. Coronavirus outbreak in India. of year-to-date trade.
Back in December 2021, the ILWU was given a one-year extension of the current contract and they rejected this, which shows the negotiations for the upcoming contract will not be easy. The post Analysis: Why Upcoming ILWU Contract Negotiations are Making Importers Uneasy appeared first on More Than Shipping.
Well, how often do you hear industry analysts say they underestimated a market’s growth rate? The process involves an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s Warehouse Automation & Control Market Research Study.
What does the industry expect from the latest OPEC+ move? In March 2021, OPEC+ surprised the market by announcing that it would keep production levels largely unchanged for April, rather than increasing them as expected. This decision, combined with the Suez Canal blockage crisis in March 2021, led to a spike in tanker shipping prices.
So, I decided to not write about all the issues with the supply chain, but rather where those issues will take us as an industry from the corporate to individual level. So, how will the shipping industry look in 2-3 years from now? In the shipping industry, there are so many moving parts within so many different technology levels.
Steve Rowen is a Managing Partner at Retail Systems Research, an industry market intelligence firm that helps retailers make more strategic decisions about the role of information technology in their enterprise, and helps solution providers better meet those needs. Founder & CEO of OneRail @OneRail .
What will these developments mean for employment in the supply chain and logistics industry? According to the same WSJ article, “Warehousing and storage companies, which added more than 400,000 jobs in two years through the end of 2021, dropped 20,000 jobs from September to October.” in the European area, 8.2% in the U.S.,
in Industrial & Systems Engineering from Virginia Tech, an M.Eng. Pickett Research (PR) was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. He earned a B.S. in Logistics from MIT, and an MBA from Georgia Tech.
Supply chain industry executives do not foresee a global economic recovery until 2022 or beyond, despite an expectation that Asia, North America and Europe will rebound this year from the downturn triggered by the COVID-19 pandemic. Of 1,200 industry professionals surveyed for the 2021 Agility Emerging Markets Logistics Index, 51.5%
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). Mode optimization automatically included in each quote.
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). Mode optimization automatically included in each quote.
Now, another round of layoffs has arrived, impacting the logistics industry. The post Another Round of Layoffs Hits the Logistics Industry As Cheap Funding Disappears appeared first on More Than Shipping. Who is affected? Uber Freight Uber got into the logistics business during the Covid pandemic.
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? The answer is not simple and involves research and analysis across a number of factors. for Q2 2021, relative to Q2 2018. Analysis of employment data.
As 2021 begins, new growth and adjustments need freight managers’ attention to start the recovery process. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Sometimes data analysis needs to be refocused and fine-tuned.
The grounding of the Ever Given in the Suez Canal in early 2021 halted 12% of global trade. The accident report’s findings and recommendations aim to prevent similar incidents in the future, prompting the industry to consider necessary changes. The accident report highlights strong winds and poor visibility as the cause.
I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.
According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. In September 2021, South Korea pledged to completely dominate main rival China, while also minimizing the Japanese shipbuilding industry. million tons.
I had just reviewed KION Group’s financials that showed the Supply Chain Solutions segment (Dematic) grew by 44 percent in 2021. Similarly, a Honeywell investor presentation stated that its Intelligrated business grew by approximately 50 percent in 2021. It also breaks out end-user industries. percent to 3.79 percent to 3.79
Gulf Coast experienced little to no issues until Summer 2021. Since Summer 2021, U.S. less cargo from June 1st to Dec 28th of 2020/2021 and New Orleans has shipped 21% less cargo during the same period. As of September 2021, year-to-date, the Port of Houston had 16% more import volume than in 2020. East Coast peaked.
The world’s largest container shipping liners are poised to break their own profits record that was set in 2021 by a staggering 73%, per the latest forecast. Following 2021, in which this group of carriers set a record for with $148 billion in profits a 73% increase sounds almost unthinkable. The Flip Side. Conclusion.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content