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In today’s fast-paced logistics industry, forwarders play a vital role. Forwarders, who transport customers’ cargo safely, quickly and economically all over the world, must constantly face new crises and find solutions to these crises. Why Do Forwarders Need Crisis Management? Forwarders Crisis Management Approach 1.
A seasoned leader with over 30 years of experience, David began his career in the transportation industry in 1995, rapidly progressing to leadership roles. As CEO of Smith-Cargo Transportation, he orchestrated a successful exit and sale to a private equity firm. Built by seasoned industry experts, CloneOps.ai
Therefore, since trade has increased, and cargo has turned to containerization, the infrastructure has not been able to match the demand and this has caused delays. Those most impacted are industries that require strict timing, including automotive and electronics. Port congestion has major effects on ocean freight.
However, the main question for the shipping industry has always been locating less-challenging places to ship cargo from. The first solution was to re-route some of the cargo to Seattle and Oakland, which port authorities were confident that they could take the load off and regulate the cargo flow.
The problem of empty container repositioning poses a significant challenge in the international container transportation industry. Hazardous cargoes and scraps and metals are forbidden to be loaded in this type of container. Moreover, not all types of dry cargo are suitable for transportation in nonoperating reefers.
Companies involved in international trade are hit hard as they experience decreased orders and reduced cargo volumes, affecting the revenue of shipping lines and container terminals. Freight Rate Volatility Economic slowdowns lead to heightened competition among shipping lines, with companies bidding for a smaller pool of available cargo.
We filed the police report and filed the claim with the insurance company, but the cargo was never recovered. According to a new report by Overhaul, a supply chain risk management company, cargo theft has increased 49% in the first half of 2024. It accounts for 36% of all cargo thefts in the country.
Several ways to increase cleanliness of your shipments and lessen the migration of pests via cargo and containers have been brought to light by worldwide freight transport. Customs and Border Protection, pests are entering the country not just through cargo but also through business shipments and conveyances. According to U.S.
exporters can expect in the new year in regard to cargo fluidity. In Antwerp, just in February, export truck gates got restricted, and the terminal temporarily stopped newly additional import and transshipment cargo. For sure, these three carriers have plans on improving the cargo fluidity despite the current shipping environment.
Beyond the commercial production of carpets, this industry was born as a local tradition. While all Turkish exports decreased during this period, the carpet industry remained at the same figures and showed a commendable recovery, rising to $2.3 The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping.
Robert Cadena is the Co-Founder and CEO of Lean Staffing Solutions, which provides operational, marketing, sales, and technology services to the logistics and transportation industry. Supply Chain Security Analysis. The easiest way to look at 3 rd party logistics is by the service they provide, which fall into 5 buckets: 1.)
Carriers report strong demand on transpacific trade as some lines now restrict contracted businesses they once committed to, in order to accommodate current spot cargo. The post Global Logistics Market Analysis: 2022 Summer Edition appeared first on More Than Shipping. However, the efforts to slow down inflation in the U.S.
Suddenly, an industry that was sailing in the sea, which was previously barely noticed by the masses, became a very visible target. The limited capacity of shipping lines and waiting cargoes at warehouses, all of them are affecting inflation – but how much? The post Analysis: Are Shipping Companies Further Flaring Up Inflation?
The coming months are going to be a real test of the shipping industry in terms of how it can manage capacity and coordinate to meet the needs of customers. The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence Maritime Analysis. The statistics are startling. Contract Extensions.
The logistics industry is taking on a different shape and approach every day. The change is constant, and changes in the logistics industry come from multiple directions. The logistics industry controls and contributes to the economy of any country as they bring in foreign currency.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Some minimal congestion – caused by the three day strike at the beginning of the month – remains at US East Coast and Gulf ports though operations have mostly recovered.
policy is over, and all industry stakeholders are positioning themselves according to the potential disruptive policies in the horizon. retailers to front-load their import cargos since the beginning of this year, especially for high-value cargo and cargo that has strict delivery deadlines. Now, the U.S.
Shipping project cargo, such as oversized or overweight items, can present a complex and challenging scenario that requires thorough planning and coordination. One of the major complexities of shipping project cargo is the transportation restrictions and limitations. Another complexity is the handling and loading of the cargo.
The supply chain industry has also been affected severely. There has been a massive drop in cargo volumes, congestion both on land and at sea, job losses etc, although ironically this is one of the industries that has and is helping to fight this pandemic by ensuring the movement of essential goods like medical supplies, food and PPE.
According to a recent assessment, if China follows through on its threats to invade Taiwan, the maritime industry should prepare for a major crisis that would increase operational expenses, result in the loss of ships, and cause delays. According to the analysis, the U.S. The analysis quotes figures demonstrating that $3.4
With the development of the digital wave, Robotic Process Automation (RPA) technology has gradually emerged as an important tool in the international logistics industry. International Logistics must find a balance between more economical costs and higher efficiency to meet the needs of different countries.
Shipping companies have significantly reduced their cargo numbers since Covid-19 hit the world. Industrial material production, food production, retail sales, and manufacturing continue to all be affected by this problem. Shipping industry analysts reported that blank sailings during the first nine months of 2021 were 7.7
Transportation Service #2 – Air Cargo. Air transportation is used to transport air cargo by plane. Air cargo or air transport is a vital component of many international logistics networks. There are many different types of cargo that are moved in various types of ships.
Steamship lines have been making moves to enter the air cargo market in recent years. We already know the air cargo market is growing rapidly. By entering the air cargo market, steamship lines can now offer their customers a more comprehensive range of services. That is where air cargo comes in to the rescue.
Beagen is often called on for her industry expertise by major media networks, including recent features on CNBC and FreightWaves. Captain’s Log: Demurrage… aka keep ‘er movin’ “How Amazon Beat Supply Chain Chaos With Ships, Containers and Planes”, CNBC (Beagen as featured industry expert).
Widespread disruption to the worldwide supply chain was caused by the blast, which highlighted the significance of industrial safety procedures. Effects on International Trade With a yearly cargo volume of over 1.1 billion tons, Ningbo Zhoushan Port is one of the biggest and most significant ports worldwide.
What would it look like for the logistics industry if a border closure from the trade war was put into place by either Mexico or Canada? The impact would affect personal travelers and the logistics industry alike. Already we are starting to see some shifts such as Mexico cracking down on entry requirements for U.S.
Within the project cargo sector, there is a growing trend in infrastructure development investments that are driving the demand for project cargo services. These investments include industrial projects in power plants, refineries, and manufacturing facilities. This has been seen with AI, robotics, and specialized software.
It will enable us to streamline the way we fulfil contracts and resolve exceptions, keeping our customers at the heart of every discussion and decision”, s aid André Simha, CDIO of MSC Meanwhile, another industry giant, CMA CGM, recently announced a strategic partnership with Google to integrate an AI system into its global operational processes.
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.
The freight forwarding and project cargo sectors, always at the heart of global commerce, are adapting and evolving. Drawing from industry insights and the pulse of current trends, let’s explore the intricate tapestry of what the remainder of the year and beyond might unfold. But how does this translate to freight forwarding?
A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. Due to the lack of cargo during and after the Chinese New Year, ocean rates will be at their lowest levels since March 2020. Lower freight rates. Transpacific U.S.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. Despite this, beneficial cargo owners (BCOs) who consistently shipped throughout economic fluctuations have found solace in the lowest rates witnessed in years.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Hurricane Milton battered the west coast of Florida last week. As long as Red Sea diversions continue to absorb capacity on an industry level, prices may not fall much further than seen back in April.
Maersk, the shipping giant, is launching a new cargo airline to try and better meet customers needs. Maersk Air Cargo is leading a new frontier in logistics where ocean carriers are involved in air cargo, too. Maersk Air Cargo is leading a new frontier in logistics where ocean carriers are involved in air cargo, too.
becomes a more cost-effective solution, companies will continue to import cargo from various places worldwide. This statement holds true for large project cargo. A prime example is that cargo ships have drastically increased in size over the last 50 years to handle the growing need for consumer goods.
” Each of the ports in Los Angeles and Long Beach runs a cloud-based system for cargo data. The post Goodbye Cargo Delays: California Ports Join Forces to Better Share Shipment Data appeared first on More Than Shipping.
Typically, when production cuts are implemented, we have seen similar activity and can expect that a large reduction in sea-based cargo is coming. What does the industry expect from the latest OPEC+ move? The post Tanker Industry Braces for Impact from Latest OPEC+ Production Cuts appeared first on More Than Shipping.
What this means for importers on the Gulf Coast and East Coast is if their cargo has a cargo weight of 8 tons or more, they will have a hard time booking space during this period. The post The Effects of Climate Change on the Shipping Industry appeared first on More Than Shipping.
As a key transshipment point for the Mediterranean route, particularly for cargo bound for the Middle East, Europe, and Asia, any halt in operations would result in delays and higher costs for international trade. In summary, a prolonged strike at Alsancak Port could have far-reaching consequences for both Turkeys economy and global trade.
Earlier this week, Russian cargo ship Zelenga struck a railway bridge on the Don River, in the city of Rostov-on-Don. The post Chaos on the Don River: Russian Cargo Ship Smashes Vital Crimean Rail Bridge appeared first on More Than Shipping. The central part of the bridge was raised, according to photos and video.
Prices are falling, vessel and trucking availability is increasing, terminals are getting in much better shape globally, and many companies are looking for cargo to move. What will these developments mean for employment in the supply chain and logistics industry? As of October, inflation figures are 9.9% in the European area, 8.2%
As the world continues to evolve, so too does the maritime shipping industry. As the maritime industry faces increasing pressure to reduce its environmental impact, technology is playing a pivotal role in shaping its future. Smart ports use sensors, AI, and the Internet of Things (IoT) to monitor cargo and improve the flow of goods.
The use of automated cargo handling equipment reduces the need for human involvement in the physical loading, unloading, or movement of containers within the terminal. The underlying rationale is that such systems can enhance efficiency and productivity by reducing the time and cost associated with manual handling processes.
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