Tue.Jan 16, 2024

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January 16, 2024 Update

Freightos

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. More Resources Home January 16, 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.

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Happening Now: West Coast imports expected to surge

West Coast and California Logistics

According to The Loadstar , US West Coast ports are anticipating a surge in imports due to a combination of supply chain and geopolitical disruptions. These disruptions include transit difficulties through the Panama and Suez canals, and concerns at East Coast ports related to ongoing labor contract negotiations.

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Pros and Cons of Perpetual Inventory Systems

Ship Monk

Is your ecommerce business growing so quickly that you’re having trouble keeping products in stock? Are you experiencing frequent inventory discrepancies , or wishing you had a better handle on forecasting demand? If you answered yes to any of these questions, it may be time to upgrade to a perpetual inventory management system. This article will take you through the pros and cons of a perpetual inventory system, so you can decide whether it’s right for your business.

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Westport Fuel Systems Names Sceli New CEO

NGT News

Westport Fuel Systems Inc., a supplier of advanced alternative fuel systems and components for the global transportation industry, has appointed Dan Sceli as the company’s new CEO and a member of the Westport board of directors. He will join Westport as CEO effective immediately, succeeding Tony Guglielmin, who has served Westport as interim CEO through […] The post Westport Fuel Systems Names Sceli New CEO appeared first on NGT News.

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Rethinking warehouse work culture: Can automation create better workplaces?

Heico Sandee, CEO of Smart Robotics, explores how automation redefines warehouse culture. By shifting repetitive tasks to skill-based roles, automation improves safety, fosters collaboration, and makes warehousing more appealing to today’s workforce.

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How to Prevent Procurement Fraud With Analytics

Supply Chain Brain

Unmonitored supply chains, underlying inventory assets, a host of third parties, and frequent transactions make the manufacturing and retail industries a sweet spot for procurement and inventory fraud schemes.

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Haslam family sells remaining interest in Pilot truck stop chain

Commercial Carrier Journal

Founded in Gate City, Virginia in 1958 by Jim Haslam II, Pilot is the largest operator of travel centers in North America.

Trucking 109
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Stellantis Letting Go of Thousands of Italian, U.S. Workers

Supply Chain Brain

Stellantis will temporarily lay off 2,250 Italian workers after announcing plans to cut the jobs of 539 supplemental workers in the U.S.

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Blank Sailings: A Guide for Logistics and Supply Chain Professionals

Dedola Global Logistics

In the dynamic world of ocean freight, ‘blank sailings’ is a term that logistics and supply chain professionals, especially those involved in importing goods to the U.S. from Asia, need to be intimately familiar with. Blank sailings occur when a carrier decides not to load a vessel for a particular trip, effectively canceling a scheduled sailing.

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Michelin to Pause Spanish Production Due to Red Sea Crisis

Supply Chain Brain

Michelin suspended shifts at Spanish plants during the weekend of January 13 due to raw material delivery delays that arrive by sea from Asia.

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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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Estes adding a dozen electrics in California, expands its solar footprint

Commercial Carrier Journal

The dozen electric trucks to the Estes fleet joins 300 electric forklifts, two electric yard jockeys and five solar roof installations.

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Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says

Supply Chain Brain

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

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Estes adding a dozen electrics in California, expands it solar footprint

Commercial Carrier Journal

The dozen electric trucks to the Estes fleet joins 300 electric forklifts, two electric yard jockeys and five solar roof installations.

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Investors to Back Resolution Calling for Shell to Align with Paris Agreement

Supply Chain Brain

The resolution has already received support from Scottish Widows, Candriam and Rathbones Group, as well as the French asset management firm Amundi.

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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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Parcel Return Service: TMS Solutions for Modern Challenge

MercuryGate

When over 60% of online customers expect hassle-free returns, the stakes for retailers are higher than ever. Managing these returns with effective reverse logistics creates an opportunity for enhanced customer engagement and loyalty. The post Parcel Return Service: TMS Solutions for Modern Challenge appeared first on MercuryGate International.

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Strategies for Building Knowledge in a Volatile World

Supply Chain Brain

There are strategies that leaders can employ to help themselves and their teams capitalize on the knowledge they need to tackle a world filled with uncertainty, complexity and ambiguity.

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Ram Rolls Out New ProMaster Electric Van

NGT News

Ram has introduced the new Ram ProMaster electric van with a targeted range of up to 162 miles in city driving. The brand’s first available fully EV, the new ProMaster EV will be available in two mission-specific configurations, including the delivery model and two cargo models. The cargo model will be available in two configurations, […] The post Ram Rolls Out New ProMaster Electric Van appeared first on NGT News.

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Retail Supply Chain & Logistics Expo to Take Place in February 2024

Supply Chain Brain

Explore a range of cutting-edge solutions encompassing AI, machine learning, transportation management systems, advanced planning systems, data analysis, automation solutions and more. These innovations can transform a product's journey, enhancing its overall effectiveness.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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ZEROVA MegaWatt Charging System Powers Up Heavy-Duty EV Fleets

NGT News

ZEROVA Technologies, an innovator in electric vehicle charging solutions, has debuted its new MegaWatt Charging System (MCS) for commercial heavy-duty vehicles. The MCS offers industry-leading power capabilities — with support for up to 3.75 megawatts, 3,000 amps and 1,250 volts — making it the world’s highest-powered commercial single-stream fast-charging connector.

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G2 Or Not G2, That is the [WMS] Question

Stord

Our happy WMS customers earned us a Market Leader award for Warehouse Management Systems by G2.

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WAVE to Deploy Wireless Inductive Charger at Venture Logistics Facility

NGT News

WAVE Charging, a wholly owned subsidiary of Ideanomics and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, provided an update on its 500 kW ultra-fast wireless charging system developed in conjunction with Cummins Inc. and the U.S. Department of Energy. This first-of-its-kind high-power, ultra-fast wireless charging system fully charged a […] The post WAVE to Deploy Wireless Inductive Charger at Venture Logistics Facility appea

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Long-Term Plastic Waste Reduced

Logistics Business Magazine

American Airlines Cargo announces today that it reduced long-term plastic waste by more than 150,000 lbs, the equivalent of 8.6 million water bottles, in 2023. This is a result of a continued relationship with BioNatur Plastics , launched by M&G Packaging, which manufactures a growing line of biodegradable plastic products for use in air cargo operations.

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How to Drive Cost Savings, Efficiency Gains, and Sustainability Wins with MES

Speaker: Nikhil Joshi, Founder & President of Snic Solutions

Is your manufacturing operation reaching its efficiency potential? A Manufacturing Execution System (MES) could be the game-changer, helping you reduce waste, cut costs, and lower your carbon footprint. Join Nikhil Joshi, Founder & President of Snic Solutions, in this value-packed webinar as he breaks down how MES can drive operational excellence and sustainability.

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Penske Truck Rental Website Helps to Simplify Your Move

Penske Move Ahead

Whether you are moving across town or across the country, navigating the logistics of a do-it-yourself move can be both a challenge and an adventure. For some, a change in season inspires a change in surroundings, and for others, a growing family or career motivates a move to a new home. Our new Penske Truck Rental website has tips and tools to help first-time and experienced movers alike make the most of their moving days.

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Increase Visibility and Automation Across Ecommerce

Logistics Business Magazine

Linnworks, an inventory management system (IMS), order management system (OMS) and warehouse management system (WMS) solutions provider and recently announced Connected CommerceOps platform, is pleased to announce its partnership with Virtualstock, Europe’s largest dropshipping and curated marketplace SaaS (software-as-a-service) platform. As a result of this integration, Virtualstock users can automate their connection to key suppliers in their ecosystem to synchronise inventory and order

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Green, Electric Forklifts at LogiMAT

Logistics Business Magazine

Under the motto “CLARK Forklifts: green, sustainable, and strong”, the industrial truck specialist Clark will be presenting numerous innovations in the field of electric counterbalance trucks and warehouse technology at LogiMAT in Stuttgart from 19 to 21 March 2024. The highlights of Clark’s trade fair appearance in Hall 9, Stand 9D41 include three new electric forklift truck series with lithium-ion technology, which are intended to replace and supplement the existing Clark ele

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Taiwan Election Unlikely to Impact Chip Supply Chain

Logistics Business Magazine

In a closely contested election held on 13th January 2024, Lai Ching-te of the Democratic Progressive Party (DPP) secured the presidency of Taiwan with 40.1 per cent of the votes, defeating his rivals from the Kuomintang (KMT) and the Taiwan People’s Party (TPP). This is a historic achievement as it marks the first instance in Taiwan’s political history whereby a party has won three consecutive presidential elections.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.