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Cargo that must be loaded, maintained and or carried at a particular temperature for it to arrive its destination without deterioration is classified under refrigerated cargoes. The quality of every perishable cargo is a function of temperature and time (depends on maintaining suitable storage conditions during the voyage).
Today marks a pivotal moment for the transport industry as Women in Transport launches its second annual Women in Transport Equity Index Survey , a global benchmark for tracking diversity and equity in the transport sector. Equity and diversity are vital to the future of transport, and we’re proud to lead this essential work.”
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
As per a Statista survey, eighty per cent of consumers say they’d return a product they received that was damaged in shipping. But if you can reduce cargo and shipping damage , you can cut shipping costs. Cargo should be strapped down to the pallet as well as being tightly wrapped in an appropriate wrapping.
In July, Freightos conducted a survey of over 100 small business importers and exporters, primarily from the United States, who utilize the Freightos.com marketplace for international freight. The survey aimed to explore the impact of these changes on their operations.
There are a variety of external data streams that also play a role in providing better visibility and improved ETAs. Companies are partnering with data aggregators to get a better idea of when shipments will arrive. However, the nuances and granularity of the data will vary depending on the mode. Real-Time Visibility Data.
Trinity Logistics wanted to get answers to these questions for you, so we asked a random sample of our shipper and carrier relationships to gauge the effect 2023 had on their business and what their expectations for 2024 in our first Freight Market Survey.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. He’s obsessed with marketing, data storytelling (it’s a thing!)
Air cargo for example, though continuing to make digital strides, is still behind – and is often compared to – passenger travel where digitized capacity, pricing and online bookings have been around for decades and is in some ways the digitalization template air cargo is referencing.
More Resources Home June 4, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 5% to $5.43/kg
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.
Data from ports across the world collected by project44 shows that the percentage of containers missing their scheduled sailing is still rising, with some major carriers and ports posting rollover rates over 50% for the month of April.
And though the market index long predates digital computing, computing power combined with huge, aggregated data sets have proved fertile ground to improve visibility. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well.
Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs. He’s obsessed with marketing, data storytelling (it’s a thing!) It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news.
Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing to fly versus ocean shipping of goods over the Pacific. And it all begins with getting the right data sources and insights at your fingertips to navigate the freight market.
A recent survey of global supply chain leaders suggests to me that the industry risks losing momentum. It means being able to see where a shipment or an order is while it’s in transit — whether on a truck, a railcar, an ocean liner or a cargo plane — anywhere in the world. Global supply chains are mind-bogglingly complex.
A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond. Port backlogs and cargo limitations are undermining efficiency while warehouse and storage space remain challenging.
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. Cargo imported into the U.S. I’d also like to thank Clint Reiser, Mike Guilfoyle, and Andy Chatha.
C-TPAT survey gives members chance to sound off Are companies who participate in the Customs-Trade Partnership Against Terrorism really achieving tangible efficiencies by partnering with the U.S. CBP turned to the University of Virginia to help design and conduct the survey. government to secure their international supply chains?
According to a survey by McKinsey, 93% of supply chain executives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority. They also provide the vessel with access to real-time data, such as maps, charts, and weather forecasts.
While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective. Too often, organizations invested in solutions that offer little more than knee-jerk reactions, resulting in net losses.
While the air passenger industry has a solid tech foundation, air cargo does not. And while that’s easy for me to say as a startup, it’s echoed by industry professionals as well: I think, in general, the air cargo industry is still pretty traditional and it’s not really embracing technology. DISCOVER AIR FREIGHT SOLUTIONS.
Mitigating your risk comes down to using technology to make better decisions faster by using better data. You must use a network of data to measure yourself against the current market and your peers. Technology allows shipment data like tracking and more to your customer in real-time using methods like APIs or geofencing.
The Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 TEUs, just short of the second-best year in their 113-year history despite the ongoing trade war between USA and China. The system covers 95% of all the containerized cargo flowing through the Port.
Over 50,000 supply chain professionals rely on our research lead’s weekly freight rate update, which includes a data-driven overview of current freight market conditions. Changing Trends in BCO Air Cargo Procurement. So without further ado, here’s your: Key Reads Logistics Tech Research and Updates for 2022. View weekly update.
Any ship over 100 GT irrespective of whether it is a cargo vessel, fishing vessel, passenger vessel etc, has to be registered. This registration grants the ship physical and legal protection afforded under that flag/flag state usually applied to vital areas such as safety of cargo and life of those on board the ship. Age of Fleet.
BOLERO ( B ill O f L ading E lectronic R egistry O rganization) was launched in September 1999 as an electronic trade community to provide a common and open system for businesses to exchange trade data and documentation electronically without the involvement of paper. edoxOnline ; WAVE ; and. Conclusion.
Double trailers significantly reduce the number of trips required to haul cargo, decreasing overall wear and tear on tires and vehicles. In the first six months of operation, Agility’s fleet management data demonstrates that double trailers reduce fuel use by 26% per container, eliminating about 2,500 metric tons of CO2 emissions per year.
The coming together of five organisations with shared visions for the safety and security of global trade will take advantage of unified information and data sources to bring greater awareness and understanding of issues with the goal of producing preventative output.
And while this definitely points to an industry making strides, a recent Procurious survey found that 75 percent of women in supply chain experience gender-based adversity. The air cargo industry has seen softer market rates due to increased capacity and shippers flocking back to ocean freight services.
Department of Commerce data reports a 6.7% Freightos, an SaaS-enabled logistics technology provider focused on instant freight quotes for freight forwarders and shippers conducted a survey recently to reveal how cumbersome logistics remains to American companies importing goods. year on year increase in U.S. Only 11.7%
This report draws from data produced by the American Transportation Research Institute , which surveyed thousands of commercial truck carriers and found that insurance account for the largest increases to operation costs. Several companies offer commercial truck insurance for all types of cargo. Eligibility.
Fleets using CNG met 70% of their fueling needs with renewable natural gas (RNG) on average in the annual State of Sustainable Fleets fleet survey. Commercial cargo vans and pickup trucks made up for 90% of all BEV deliveries in 2023, 95% of which were dominated by two manufacturers—Ford and Rivian.
INTTRA, a neutral electronic transaction platform for the ocean cargo industry, maintains that the ocean cargo industry has moved beyond the “digitization tipping point,” and is on the verge of advancing from innovation to action. Customs & Border Patrol is essential to your cargo clearing customs. April 26, 2018.
INTTRA, a neutral electronic transaction platform for the ocean cargo industry, maintains that the ocean cargo industry has moved beyond the “digitization tipping point,” and is on the verge of advancing from innovation to action. Customs & Border Patrol is essential to your cargo clearing customs. Compliance to U.S.
There are a lot of unknowns and preparing with better data, information and visibility into the supply chain is the way to navigate through these unforeseen times.” Usually, we expect a cargo rush in January and February but this year, the Chinese New Year is earlier. This is where technology can help greatly.”
Christoph Hemman, EVP Head of Airfreight Americas Region, DB Schenker said, “These trends directly impact the airfreight industry, which relies on both passenger and cargo planes to get goods from point A to point B. An IATA spokesperson said air cargo traffic was “proving resilient” despite the declines in demand reported in 2022.
More than 500 qualified respondents to our “34th Annual Salary Survey” report that their salaries moved up only incrementally last year. This year’s survey again draws the most feedback from successful logistics managers who have been climbing the executive ladder for some time. Respondents reflect. Uneven compensation.
The more data they have, the more they will be able to know which steps to take so that all the information gathered can be turned into information that is meaningful and can be used for decision making. Stagnation of Air Cargo and Sea Freight Rates. Air cargo rates will also remain static. 6 Key Trends in Supply Chain.
These were two of the key findings from Paragon Software Systems’ annual UK customer survey, which was completed by more than 100 industry professionals. The 2019 survey results showed that technology is now playing a critical role within road transport to gain added visibility and control. Compliance to U.S.
Most of the experts surveyed foresee that inflation and recession will have a greater impact this year and will be the biggest driver of disruptions. ‘‘Due Freight forwarders will employ a ‘wait and see’ approach before making any long-term air cargo capacity commitments particularly.” the report claims.
In 2017 the downward trend of large shipping losses continued, according to a new survey, Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review. By analyzing data 24/7 we can gain insights from crew behavior and near-misses that can identify trends. Looking at the past decade the decline was 38% globally.
If there were one clear-cut conclusion to be drawn from our “2018 Warehouse and Distribution Center (DC) Equipment Survey,” it would be that the outlook for spending is bullish. At the same time, the survey revealed growing interest in the use of relatively new types of technology, including robotics, drones and smart glasses.
Of course, a more diverse supply chain contains this protective effect—enabling multi-sourcing capabilities for all needed resources from cargo space to drivers and beyond. And, achieving that advantage begins with following these steps: Stop trying to make real-time decisions based on outdated data. But, let’s be realistic.
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