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In short, the overall picture currently points out that the pendulum is on the move again and we may likely expect a strong freight market for the 2022 summer peak season. One further major indicator we need to take into consideration was the final session of the 2022 FIATA HQ meeting in Geneva last week.
He is known for his insightful analysis of the freight industry, his practical sales advice, and his engaging and informative speaking style. He previously founded CarrierLists, a carrier sourcing platform that was acquired by Highway in 2022. He is also the host of Put That Coffee Down, a popular freight sales show on FreightWavesTV.
The global GDP growth rate for 2022 was 3.08%, a 2.94% decline from 2021. The global GDP growth rate for 2023 is expected to be at 2.9%, a 0.18% expected decline from 2022. The post Analysis: Today’s Global Economy vs. Global Container Shipping appeared first on More Than Shipping. increase from 2020.
Data trend analysis and anomaly detection. October 18th, 2022 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm BST Hannah Testani will teach us more about: How technology will transform and digitize the supply chain and what impacts we’ll see going forward. Turning raw data into clean data.
billion in 2022, this trend continued in the first nine months of 2023. was the predominant importer, commanding a significant share of 29% in the year 2022. The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping. While this figure decreased to $2.8 Iraq, the United Kingdom, and Germany.
Below we have listed some of our expectations for 2022 in some key areas. Going into 2022, there are many unknowns and it is extremely hard to predict freight levels. Most of the vessels will not be delivered until late 2022 and most new vessel deliveries will be in 2023. Freight rates. Contract negotiations.
Near the end of 2021, I had the chance to make the early call on Logistics Viewpoints on what 2022 would look like across five major logistics themes. Unlike the folks projecting election results these days, I was a little more accurate and the 2022 projections have set the stage for what will happen in 2023. Pretty much nailed it.
Their platform not only provides highly accurate buy rates but also offers sell price suggestions based on comprehensive data analysis. With 2022 revenues of $3.3 Through the utilization of advanced machine learning techniques and big data, Greenscreens.ai Greenscreens.ai
As we roll into the second quarter of 2022 after a hellish Q1, there is but one question in everybody’s mind. Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston.
We will still be seeing the worldwide effects of Covid probably until the second half of 2022, at least. The post Analysis: Are Shipping Companies Further Flaring Up Inflation? Additionally, the research shows those types of shocks tend to have lasting effects 12 to 18 months out. Covid might even cause troubles after.
How is ocean capacity and pricing looking heading further into 2022? The data shows that no new capacity is being introduced to Transpacific trade in the period of 2022-2023. Federal Reserve has indicated that they will be increasing rates in 2022. We may experience further blank sailings throughout 2022.
Mark joined Emerge in January 2022. To ensure that the Emerge team develop fruitful relationships, Mark insists upon a communication strategy that includes quarterly business reviews (QBR), reporting key performance indicators, root cause analysis, lead-time analytics, cost-down goals, etc.
They have just now announced the extension of their third Pacific service out to October 2022. The post Analysis: Why the Biden Administration is Not Being Honest About Supply Chain Issues appeared first on More Than Shipping. There is nothing that would have prevented U.S. Additionally, it is unlikely the U.S.
event of 2022, my colleagues, Christina Carroll, vice president of LTL, Alan Rowlett, director of global operations and strategy, and I set out to offer exactly that. Q1 2022 Supply Chain Trends and Hot Topics. In our first Market Insights Live! If you missed it live or want to see it again, be sure to watch the recording.
To build a resilient port strategy, shippers must consider the impact of the Ocean Shipping Reform Act (OSRA) of 2022, which includes the following provisions: Unreasonable Refusal to Deal – A provision that requires that an ocean common carrier shall not unreasonably refuse to deal or negotiate with respect to vessel space accommodation.
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? It was also reported that Maersk’s parent company A.P Moller-Maersk saw its stock drop by around 20% in the last month and a half.
When technology does the routine, boring work, Loadies can focus on higher value-added activities like key performance indicators, data analysis, and consultative reviews with clients. 2022 Freight Data Insights Report. New roles for freight brokers as technology plays a bigger role in the process. Loadsmart LinkedIn.
As the Federal Reserve has continued to battle inflation by raising interest rates again in December 2022, we can expect inflation to continue on a downward trend. The supply chain eased greatly between the first and second halves of 2022. We have seen a number of positive economic indicators in recent weeks.
And, we expect that this case will continue throughout 2022. The post Analysis: Why Shipping Rates Have Spiked and When Might Rates Come Down appeared first on More Than Shipping. West Coast terminals. So, in response to the historically high congestion in ports, carriers are increasing empty ships and port omissions.
The first units are to be delivered in early 2022. The post Autonomous Truck Trends for 2022 and Beyond: Can Autonomy Safely Address the Driver Shortage? In September 2020, the company announced what they claim is the world’s first autonomous truck purchase order from Wilson Logistics. appeared first on Logistics Viewpoints.
CCJ parent Randall Reilly earlier this year, in partnership with Shell Lubricant Solutions, produced the 2022 State of Diesel Technicians report, a survey-based analysis of the current state of the diesel technician trade.
And just to amplify the impact, in June 2022, U.S. East & Gulf Coast Containerized Exports Overview for the Rest of 2022 and Early 2023 appeared first on More Than Shipping. In addition, “West Coast gateways handled 58.7 percent of total US imports from Asia in the first six months of the year, down from 61.5 percent from 5.3
Rates remained about 10X higher than pre-COVID through April of 2022, leading most importers to pass on at least some of those increased costs to consumers in the form of higher prices. the Fed’s 2% per annum target, with the rate of inflation nearly doubling from September 2021 to June 2022 following the freight rate peak.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Effective June 21, 2022, it establishes a rebuttable presumption that products from XUAR or entities on the UFLPA Entity List are made with forced labor and are therefore barred from entering the U.S.
A good summary as of the beginning of October 2022. Drewry research is well executed and they have thoughtful analysis. There is an oversupply of container shipping capacity coming. There are so many newbuilds coming. And the amount of container … Continue reading →
Time: Jun 29, 2022 10:00 AM in Eastern Time (US and Canada). Catania was recently recognized as a winner of the 2022 Supply & Demand Chain Executive Pros to Know for his contributions in the supply chain industry. Justin Paris . Head of Lyft Delivery @Lyft .
Using an AI tool, I had it look at the 10K's for the top 5 trucking companies and asked it to provide a SWOT analysis for the trucking industry. NOTE: This is Generative AI: Here are the top 5 trucking companies in the US, based on revenue in 2022: UPS Inc. NYSE: UPS) FedEx Corp. NYSE: FDX) XPO Logistics (NYSE: XPO) J.B.
Despite Hapag-Lloyd’s earnings report from earlier this week, market research firm Xeneta’s latest analysis of the shipping industry indicates freight rates have finally peaked, after skyrocketing throughout the first half of 2022, and will normalize throughout the rest of the year.
reduction in Scope 2, and a 28% reduction in Scope 3 by the year 2030 on a 2022 baseline. DP World has put forward ambitious carbon offset goals which were validated by the Science Based Targets initiative (SBTi). Among the mentioned targets is a 42% reduction in Scope 1 greenhouse gas emissions, a 62.2%
in 2022. It is thought that the insect entered the U.S. through tainted wood packaging that was brought from Asia in cargo ships or airplanes. Although it is known to have impacted ecosystems in 22 states, the emerald ash was initially discovered in the U.S.
Penske Truck Rental announced its Top Moving Destinations list today, unveiling the top 10 cities receiving the most inbound one-way consumer rentals in 2022. million Americans moved in 2022, which is roughly 4% more than moved in 2021. According to the US Census Bureau, 27.3
For the month of April 2022, South Korean shipbuilders saw the most ship orders since 2016. According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. million tons. Compared to China, that is approximately half the total demand seen between both countries.
A predictive analysis of shippers confidence for the upcoming quarter correlating growth or shrinkage to overall volume of shipments and price of products. Market-leading 3PL offerings include information and services through data analysis, as well as thought leadership insights to drive business forward.
Industrial engineers have used heuristics-based rules, what-if analysis, and physics-based simulation to get predictive and prescriptive insights for several years. That is not the case. An article in the Havard Business Review noted that as much as 80 percent of AI projects fail.
With sustained demand for imports in the United States, high fuel prices, and skyrocketing rates, the 11 largest carriers are poised to make approximately the GDP of Portugal in 2022. As detailed in McCown’s analysis, container shipping rates were more than 2.8 times higher in Q2 of 2022 than they were two years prior.
Sales of autonomous mobile robots and driverless lift trucks are taking off but the game-changing intralogistics technologies we will see at IMHX 2022 go much further than the simple replacement of man by machine, says event director, Rob Fisher. Indeed, in a recent report Interact Analysis forecast that more than 1.1
The finalists for the worldwide IFOY AWARD 2022 (International Intralogistics and Forklift Truck of the Year) have been determined. The company Cargotec Engineering from Ireland is allowed to enter the final in 2022 with the MOFFETT E5 25.4 2022 Finalists at a glance. The third start-up in the final is called Noyes Technologies.
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. Dematic has over 11,000 employees and 8,000 customer installations worldwide.
Robinson offers drop trailer programs that over the past four months (January 2022-April 2022) has averaged over 40,000 available loads and in 2021, moved nearly 500,000 power only loads. Power only loads allow drivers to unhitch their trailers and get back on the road with virtually no dwell time at all. Maximize savings at the pump.
The Semi started its first consumer deliveries in 2022. Tesla drivers are the most accident-prone, according to a LendingTree analysis of 30 car brands. Researchers analyzed tens of millions of QuoteWizard by LendingTree insurance quotes from November 14, 2022, through November 14, 2023. Tesla drivers had 23.54
These new systems deliver incredible amounts of data and can be very granular in their fuel efficiency and consumption analysis. . We need you… to cast Your Vote for the 2022 Top 10 3PL Excellence Awards. Vote for FLS TRANSPORTATION to be the Inbound Logistics #1 3PL Provider for 2022. Vote FLS Transportation as the #1 3PL.
18, 2022 U.S. The first webinar was for “Customs Broker Modernization Regulations – Detailed changes to 19 CFR 111,” which was held on October 27, 2022. The first webinar was for “Customs Broker Modernization Regulations – Detailed changes to 19 CFR 111,” which was held on October 27, 2022.
According to data from Datamyne, for the second half of 2022, if you are in Houston or in New Orleans, space/equipment/trucking/chassis availability should be quite calm – based on the numbers only. ” According to a MarketWatch analysis, 46.2% This is based to the fact that the Port of Houston has shipped 17.5% The post Have U.S.
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