Blogs/Hot News

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Hot News

Busiest Highways in The World

Busiest Highways in The World are more than just long stretches of concrete - they are the arteries of global trade, urban transportation, and everyday life. But what makes a highway truly "busy"? Is it the number of vehicles, the volume of goods transported, or the number of people commuting to work each day? In this article, Worldcraft Logistics will take a deep dive into the world's busiest highways, highlighting highways in the United States that are among the world's largest. If you're looking for a highway to transport goods or commute, this list may surprise you.

04/22/2025

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Ho Chi Minh City to Add 44 Ports in Five Years, Targeting VND 77 Trillion Investment by 2030

By 2030, Vietnam’s economic powerhouse, Ho Chi Minh City (HCMC), is set to develop between 41 to 44 port terminals, comprising 89 to 94 wharves stretching a combined length of 16.6 to 18.6 kilometers - excluding additional auxiliary piers.

04/15/2025

544 views
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Countries Reach Draft Agreement on Shipping Emissions Fee

Member states of the International Maritime Organization (IMO) have reached a preliminary consensus to implement a global emissions pricing mechanism for the shipping sector. The draft agreement, expected to be formally adopted in October, introduces a carbon-based fee system, requiring vessels to pay charges aligned with the carbon intensity of their fuel sources. This initiative aims to encourage the maritime industry to shift toward cleaner, low-emission energy alternatives.

04/14/2025

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Collaborative Robotics Drive New Era of Logistics Transformation in Vietnam

As China and Vietnam continue to strengthen their economic ties, collaborative efforts in logistics and technology are delivering tangible benefits to enterprises on both sides. This deepening relationship presents promising opportunities for bilateral growth, particularly in the smart logistics sector.

04/13/2025

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U.S. Raises Tariffs on China to 125%, Temporarily Eases Measures for Other Nations

In a move set to redefine current trade dynamics, President Donald Trump announced that the United States will increase import tariffs on Chinese goods to 125%, effective immediately. Meanwhile, a temporary 90-day pause will be applied to most reciprocal tariffs for other nations, which will instead face a baseline 10% duty during the suspension period.

04/09/2025

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Panama Canal Opens Bidding for Strategic Energy Pipeline Project

The Panama Canal Authority (ACP) has officially launched a bidding process for the development of a new pipeline designed to transport energy products across the interoceanic corridor.

04/08/2025

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Unlocking Georgia’s Strategic Advantage in Supply Chain Logistics

Georgia is making bold, results-driven investments that demonstrate a clear commitment to strengthening its logistics and supply chain infrastructure. The state has transitioned from planning to execution, strategically channeling funds and resources into initiatives that enhance the efficiency, safety, and long-term viability of freight movement.

04/07/2025

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U.S. Ends Duty-Free Privileges "De Minimis" for Low-Value Shipments from China and Hong Kong

In a significant shift in U.S. trade policy, President Donald Trump has signed an executive order eliminating duty-free treatment for small-value shipments-commonly referred to as de minimis-from China and Hong Kong. The order is set to take effect at 12:01 a.m. ET on May 2, according to an official announcement from the White House.

04/04/2025

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Trump’s Tariffs Escalate Global Trade Tensions as China and the EU Prepare Countermeasures

The global trade landscape has entered a new phase of uncertainty following former U.S. President Donald Trump’s announcement of a 10% tariff on most imported goods into the United States. Additionally, significantly higher tariffs have been imposed on a wide range of products from key trading partners, including China, the European Union (EU), and Japan. The move has intensified global trade tensions, with affected nations preparing retaliatory measures that could impact global supply chains, inflation, and economic growth.

04/02/2025

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Warehousing and Logistics Industry Poised for Continued Growth Amid Workforce Transformation

The warehousing and logistics sector in Northeast Pennsylvania has witnessed remarkable expansion over the past decade, driven by the rapid rise of e-commerce and the establishment of large-scale distribution centers. With new logistics parks in development across the Midvalley and Upvalley regions, this upward trajectory is expected to continue. However, industry experts predict that automation will significantly reshape the nature of employment in the sector.

04/01/2025

3227 views
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China to Reassess Sale of Panama Canal Port Terminals to U.S.-Led Consortium

In a significant regulatory move, Chinese authorities have announced their intent to review the proposed sale of port operations linked to the Panama Canal to a consortium led by U.S. investors. This decision adds complexity to a high-profile transaction that has drawn international attention.

03/31/2025

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How Shipping Costs Will Change with the Upcoming LTL Classification Shift

The logistics industry is undergoing a significant transformation with the upcoming changes to the National Motor Freight Classification (NMFC) system. Scheduled for implementation in July, these updates will shift the way Less-Than-Truckload (LTL) shipping costs are calculated, with a primary focus on shipment density.

03/27/2025

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Electric Trucks for Logistics: Market Innovations and Outlook for 2032

The logistics industry is undergoing a significant transformation, driven by sustainability goals and the need for more efficient transportation solutions. Electric trucks are emerging as a game-changer, offering reduced carbon emissions, lower operating costs, and enhanced efficiency. The electric truck market is expanding rapidly, encompassing various sectors such as e-commerce, cold chain logistics, military transportation, and industrial supply chains.

03/23/2025

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California and Shanghai Strengthen Partnership to Propel Green Shipping Corridor Initiatives

Leaders in transportation and environmental policy from California state agencies and the ports of Long Beach, Los Angeles, and Shanghai convened on Wednesday to discuss their joint efforts to decarbonize the maritime sector. The collaboration aims to advance the development of a Green Shipping Corridor, a crucial initiative designed to reduce emissions along one of the world’s busiest trade routes.

03/18/2025

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Why Service Reliability is the True Competitive Edge in Logistics

In an increasingly complex global supply chain, logistics is not just about negotiating lower rates—it's about building resilient, reliable partnerships. Companies that prioritize service reliability over short-term cost savings position themselves for sustainable growth, while those focused solely on cutting shipping expenses often face hidden operational pitfalls that outweigh the initial savings.

03/17/2025

5271 views
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President Trump Orders to Destroy Houthi Terrorists and Protect International Trade

More than a year has passed since a U.S.-flagged commercial vessel last sailed safely through the Suez Canal, the Red Sea, or the Gulf of Aden without the looming threat of Houthi attacks. The United States is now reaffirming its commitment to securing international shipping routes and ensuring that terrorist organizations do not dictate the flow of global commerce.

03/16/2025

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Ocean Container Rates Decline Amid U.S. Tariff Uncertainty

Recent developments in U.S. trade policy have once again unsettled global supply chains, with President Donald Trump's tariff strategy creating significant uncertainty for businesses across North America. The back-and-forth nature of these tariff impositions has placed a strain on ocean freight markets, complicating logistics planning and supply chain management.

03/12/2025

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Vietnam's Duty-Free Port Model: A Strategic Leap in Global Logistics

Vietnam is poised to revolutionize its logistics industry with the introduction of a duty-free port model. This ambitious initiative is expected to lower logistics costs, attract foreign investment, and enhance Vietnam’s position as a global trade hub. By drawing insights from successful Free Trade Zone (FTZ) models in Asia, Vietnam can create a competitive edge in international trade and supply chain management.

03/11/2025

7527 views
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Ocean Carriers Reinvent Pricing Strategies Amid Market Volatility - But Will It Stick?

The ever-changing landscape of ocean shipping is forcing carriers to rethink their pricing strategies, shifting from a volume-driven approach to a more profit-centric model. This transformation marks a significant departure from the traditional mindset of securing market share at any cost. Instead, ocean carriers are now enforcing stricter freight rate policies, prioritizing financial sustainability over aggressive discounting.

03/10/2025

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Trump’s Shipbuilding Revival Plan Could Disrupt Global Shipping, Industry Warns

President Donald Trump’s ambitious proposal to rejuvenate the U.S. shipbuilding industry has sparked alarm among global ocean carriers, who warn that the plan could introduce hefty costs, destabilize supply chains, and create unintended disruptions in international trade.

03/09/2025

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Why Asian Logistics Operators Are Expanding Their U.S. Warehouse Footprint

Asian logistics companies are increasingly leasing warehouse space across the United States to adapt to shifts in global trade, e-commerce, and manufacturing. This trend is driven by factors such as rising cross-border e-commerce demand, supply chain disruptions, and evolving trade policies.

03/05/2025

8338 views
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Hot News

Trump's Trade Policies Deepen Uncertainty in Global Ocean Shipping

The global ocean shipping industry, responsible for moving 80% of world trade, is sailing through turbulent waters as U.S. President Donald Trump escalates trade and geopolitical tensions with both long-standing adversaries and key allies. The volatile landscape is casting a shadow over international commerce, supply chains, and container shipping firms that have traditionally wielded strong pricing power.

03/04/2025

377 views
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Hot News

How MDM Solutions Are Transforming Logistics and Transportation

The logistics and transportation industries are undergoing rapid technological advancements to meet increasing consumer demands and operational challenges. With e-commerce booming and supply chains becoming more complex, companies must optimize routes, enhance fleet management, and improve real-time communication—all while keeping costs in check.

02/20/2025

10224 views
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9 Key Regulations Transforming Global Logistics – How to Navigate Them

Navigating the ever-evolving landscape of global trade regulations can be daunting for logistics providers, importers, and supply chain managers. From environmental compliance to labor laws, staying ahead of these changes is crucial to ensuring smooth operations and avoiding costly penalties.

02/17/2025

10889 views
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The Future of Military Logistics: Predictive, Not Reactive

The war in Ukraine has highlighted a crucial shift in military logistics: the necessity of moving from reactive to predictive sustainment models. Charles Hamilton, a retired U.S. Army lieutenant general and former commander of Army Materiel Command, argues that traditional logistics approaches are no longer viable in modern warfare.

02/13/2025

11263 views
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Greener Logistics: How EVs, AI, and Clean Fuel Are Transforming the Industry

While hurdles like infrastructure gaps and high initial costs persist, the long-term advantages of sustainability outweigh these obstacles. The logistics industry stands at a pivotal moment—embracing sustainable fleet management is not just an option but a necessity for a greener future. By taking action today, businesses can contribute to a more resilient global trade network and a healthier planet for future generations.

02/11/2025

10885 views
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Hot News

Trump’s China Trade Crackdown Disrupts Shipping, Drives Up Costs

Logistics firms are grappling with the immediate fallout of former President Donald Trump’s decision to revoke the "de minimis" rule for China, a move that effectively closes a loophole allowing small packages under $800 to enter the U.S. duty-free.

02/09/2025

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LNG Shipping Rates Hit Five-Year Lows Amid Increased Vessel Availability

Shipping rates for liquefied natural gas (LNG) cargoes have plunged to their lowest levels in five years as an expanding global fleet of newly built carriers surpasses demand, while shorter voyage times further boost vessel availability.

02/06/2025

320 views
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Trump’s New Policy Impact on Global Trade and Shipping

In a move that has significant economic and trade implications, President Donald Trump has imposed substantial tariffs on imports from Canada, Mexico, and China. Utilizing the International Emergency Economic Powers Act (IEEPA), Trump has enacted a 25% tariff on all goods from Canada and Mexico, with a 10% tariff applied to energy imports from these countries. Additionally, a 10% tariff has been placed on all Chinese imports. These measures took effect on February 4th, marking an aggressive stance on trade policy.

02/04/2025

11322 views
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2025 Tax Policy Outlook: What It Means for Logistics and Transportation

The transportation and logistics sector may see significant shifts in 2025 as federal tax policies evolve under the current administration. Discussions around revisiting and extending key elements of the Tax Cuts and Jobs Act (TCJA) have gained momentum, with renewed focus on supporting businesses through targeted tax reforms.

01/20/2025

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Agrochemical Market Set to Reach $310 Billion by 2032, Growing at a 2.32% CAGR

Valued at $252.1 billion in 2023, the global agrochemical market is projected to grow to $310 billion by 2032, with a compound annual growth rate (CAGR) of 2.32% during the forecast period (2025–2032). This expansion underscores the increasing reliance on agrochemicals to meet rising food demands and combat challenges such as diminishing arable land and climate change.

01/15/2025

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Drone Logistics and Transportation Market to Hit $53.8 Billion by 2033

The global drone logistics and transportation market is set for monumental growth. According to Market.us, this market will expand from USD 903.1 million in 2023 to an astounding $53.8 billion by 2033, registering a CAGR of 50.5%.

01/15/2025

14900 views
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Oil Shipping Rates Surge Amid U.S. Sanctions on Russia

The global oil shipping market has witnessed a significant surge in freight rates following the United States’ expanded sanctions on Russia’s oil industry. This move has prompted a frantic rush among traders to secure vessels capable of transporting crude oil from alternative suppliers to key markets like China and India, according to industry sources and shipbrokers.

01/14/2025

260 views
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China's Largest Shipping Line Blacklisted by US Military Authorities

The United States has taken a significant step by blacklisting China’s largest shipping line, Cosco Shipping Holdings Co., along with two major shipbuilders, China State Shipbuilding Corp. and China Shipbuilding Trading Co. The companies have been identified as "Chinese military companies" by the Pentagon, according to a Federal Register filing on Tuesday.

01/07/2025

297 views
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Amazon Delivery Center Strikes Come to an End

The strikes impacted major facilities across New York City, Atlanta, California, and Illinois, including Staten Island’s JFK8 warehouse, which historically became Amazon’s first unionized warehouse in the U.S. in 2022.

12/30/2024

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TOP 15 Major Sea Routes in The World

Explore the 15 most significant sea routes in the world that shape global trade and transportation. Learn about their importance, challenges, and the regions they connect.

12/25/2024

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Supply Chain Crises 2024: Major Events That Reshaped Global Logistics

2024 marked a year of significant challenges for global supply chains, driven by disasters, strikes, and geopolitical tensions. From catastrophic vessel collisions to natural calamities and labor unrest, the logistics industry faced numerous disruptions that tested its resilience. Here, we explore the critical events that shaped the global supply chain landscape in 2024.

12/23/2024

15596 views
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Hot News

Consumers Worry About Holiday Deliveries: Insights on Shipping Delays

As the holiday season approaches, the joy of gift-giving is often overshadowed by anxiety over whether packages will arrive on time. Shipping delays have become a growing concern for millions of consumers, with 54% of Americans expressing worries about late deliveries this year.

12/18/2024

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2025 Neutral Forecast: Freight in U.S. & Canada

The freight transportation and logistics sector in the U.S. and Canada is entering 2025 with a cautiously neutral outlook, as highlighted by Fitch Ratings. Following a challenging period from mid-2022 to mid-2024, the industry is set for gradual recovery driven by economic stability, balanced trucking markets, and increasing demand for domestic freight flows. This article delves into the factors shaping this outlook, the opportunities on the horizon, and the challenges that could impact the sector's trajectory.

12/16/2024

861 views
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Hot News

ChatGPT "Crashes": Millions of users and businesses suffer

ChatGPT is currently experiencing widespread outages, with users reporting connectivity issues starting about an hour ago. Down Detector has confirmed the spike in reports. OpenAI has acknowledged the issue and is working on a fix. A general error message says the service is ‘temporarily unavailable’.

12/11/2024

15212 views
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China's E-Commerce Logistics Index Reaches 7-Year High in November

China's e-commerce logistics index reached a remarkable seven-year high in November, as reported by a survey conducted by the China Logistics and Purchasing Federation (CFLP) in collaboration with e-commerce giant JD.com.

12/09/2024

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Canada Post Strike: Shipping Delays and Issues Unveiled

The strike, which began on November 15, stems from stalled contract negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW), which represents over 55,000 employees. CUPW has called for wage increases, improved safety conditions, and expanded postal services. Talks have continued, but disagreements over key issues persist.

12/09/2024

299 views
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Supply Chain Visibility: How Tech Investments Boost Security & Service

In today’s fast-paced logistics landscape, one of the most frequently asked questions is, "Where is my shipment?" Regardless of whether it's a small consumer order or a shipment handled by a major Fortune 500 company, knowing the location of goods in transit is essential for various reasons, ranging from security to operational efficiency. As businesses face increasing challenges, technology investments in supply chain visibility have become crucial in ensuring both security and service excellence.

12/05/2024

255 views
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Feeder Operators Capitalize on Red Sea Crisis to Boost Perishable Cargo Trade

The ongoing disruptions in global shipping routes due to the Red Sea crisis have opened a profitable opportunity for feeder operators targeting the perishable cargo sector. Indian reefer cargo stakeholders are strategically partnering with regional feeder lines, bypassing longer detours around the Cape of Good Hope in favor of quicker, albeit riskier, routes through the Red Sea and Mediterranean.

12/04/2024

220 views
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The Future of Logistics: Why New Leadership Is Key to Overcoming Challenges

The logistics industry stands at a critical juncture, facing one of the most challenging periods in recent history. With freight recessions and mounting pressures, it is clear that the traditional methods of addressing challenges are no longer sufficient.

12/03/2024

14852 views
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Global Shipping Industry Faces Major Crisis: Seafarer Shortages

The shipping industry, a cornerstone of global trade, is grappling with a severe shortage of seafarers. This issue has led to a surge in fake resumes, increased maritime accidents, elevated freight rates, and significant operational challenges. With over 80% of global trade volume carried by sea, according to the UN Conference on Trade and Development (UNCTAD), addressing this crisis is critical for global supply chain stability.

11/27/2024

576 views
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Shipping in the Shadow of Red Sea and 1000 days of Ukraine Wars

Today marks two significant milestones in the global shipping industry: the one-year anniversary of the Red Sea crisis and the 1,000th day since the onset of Russia’s full-scale invasion of Ukraine. These two events have had profound and lasting impacts on maritime trade, reshaping shipping routes and introducing unprecedented volatility.

11/19/2024

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Top 5 Trends That Will Revolutionize Shipping in 2025

As 2025 approaches, the global shipping industry is on the brink of transformative changes driven by political policies, environmental challenges, and technological advancements. These shifts are expected to ripple through supply chains, impact businesses, and influence consumer markets worldwide. Here are five key trends shaping the shipping landscape in the coming year.

11/17/2024

452 views
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E-Commerce Logistics Market to Grow by $802.3 Billion (2024-2028)

The e-commerce logistics market is on a robust growth trajectory, with Technavio forecasting a market expansion of $802.3 billion between 2024 and 2028. Projected to grow at a compound annual growth rate (CAGR) of 28.2% over the next four years, the market’s growth is propelled by increased cross-border e-commerce activity, technological advancements, and evolving consumer expectations for fast and reliable delivery.

11/13/2024

15618 views
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Competitive Analysis of The Impact of Shipping Costs on Online Retail Prices

In today’s online retail landscape, shipping costs are a critical factor shaping consumer decisions and influencing competition among retailers. Traditional antitrust theories have predominantly focused on product prices alone. However, with the rise of e-commerce, shipping fees have become increasingly relevant, especially for smaller retailers who lack economies of scale. This article explores how shipping costs affect online competition, focusing on Amazon's pricing strategies and the broader implications for antitrust policies.

11/11/2024

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FedEx and UPS Slash Prices to Win Holiday Business

As the holiday shopping season approaches, major shipping companies FedEx and UPS are implementing new strategies to attract a broader customer base. For the first time, these industry giants are extending discounts typically reserved for large corporate clients to smaller businesses. This move is intended to capture a larger share of holiday shipments amidst a shorter peak season and an evolving shipping market.

11/10/2024

292 views
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Lunar New Year 2025 Shipping Delays: Cause & The Best Solution

Freight transportation during Lunar New Year 2025 can be a challenging yet essential aspect of your supply chain strategy. As the holiday season approaches, the risk of delays, increased costs, and port congestion becomes a reality. But with the right planning and proactive steps, you can ensure your shipments reach their destinations on time and within budget. Let’s explore how you can prepare for a smooth freight journey during this critical time.

11/07/2024

16128 views
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Trump's Presidential Victory: Implications for Global Supply Chains

In a historic electoral decision, Donald Trump will be inaugurated as the 47th President of the United States in January 2025, reclaiming a role he previously held as the 45th president. Trump's victory over Vice President Kamala Harris, the Democratic candidate, was confirmed as he secured the 270 electoral votes needed for a return to office.

11/06/2024

528 views
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Transforming Smart Logistics through Advanced Connectivity and Automation

Our collective enthusiasm for online shopping, which surged during the pandemic, shows no inclination to recede. On a global scale, e-commerce sales are anticipated to rise by 8.8% in 2024, with projections suggesting that online purchases will account for 23% of total retail transactions by 2027. Within the United States alone, the first quarter of this year saw 22% of all sales occur online-one of the highest levels recorded since e-commerce began.

11/04/2024

14833 views
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Zero-carbon ammonia transportation faces economic and safety difficulties

In a major step toward cleaner marine energy, the world witnessed a significant milestone last month at a prominent bulk export port in Western Australia, where shippers successfully conducted the first ship-to-ship ammonia transfer. This successful transfer marks a key advancement in ammonia's potential as a marine fuel, as the shipping industry explores eco-friendly alternatives to reduce its carbon footprint, which currently accounts for nearly 3% of global emissions.

10/29/2024

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COSCO Shipping Inks Deal for 6 New Container Ships in RMB Settlement

China’s maritime power takes another stride as COSCO Shipping inks a major deal with Hudong-Zhonghua for six massive 13,600 TEU container ships, all settled in RMB. With these new vessels set to enhance key trade routes, COSCO and China’s shipbuilding sector are solidifying their place as global leaders in efficient, green shipping solutions.

10/28/2024

14849 views
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The Red Sea situation causes "vessel bunching" to increase (New update)

Sea-Intelligence’s latest report highlights the rise in vessel bunching at ports globally, which has become a significant concern for the shipping industry. This escalation in vessel congestion, or "bunching," has intensified following the COVID-19 pandemic and has recently been compounded by the ongoing Red Sea crisis in 2024. The situation has led to substantial strain on ports and terminals, with widespread impacts across the Asia-North Europe route.

10/28/2024

14430 views
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ILA, USMX to continue contract negotiations next November

In a significant development within the maritime and logistics sectors, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have announced that they will resume negotiations on their master contract in November. The negotiations aim to resolve remaining issues that could impact East and Gulf Coast port operations. This news follows a joint statement issued by both organizations on October 25.

10/27/2024

288 views
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TOP 15+ Biggest Trucking Companies in the USA

For businesses in need of reliable and large-scale transportation, partnering with the top trucking hauling companies can make a significant difference. Discover how these companies keep America moving and ensure seamless logistics for businesses of all sizes.

10/25/2024

3375 views
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Logistics Nodes Market Outlook 2024-2028

The logistics nodes market has witnessed significant growth in recent years, driven by the rapid expansion of e-commerce, technological advancements, and the increasing need for efficient supply chain solutions. As of 2024, the market is expected to reach $26.92 billion, up from $23.83 billion in 2023, with a projected compound annual growth rate (CAGR) of 13%. By 2028, the market is forecasted to further expand to $44.07 billion, underscoring the potential for sustained growth in the sector.

10/15/2024

314 views
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Update: Roads Affected in Southwest Florida Due to Hurricane Milton

As Hurricane Milton continues to move through the state, the aftermath has left Southwest Florida dealing with widespread damage and hazardous road conditions. Current Hazardous Road Conditions: Lee County, Collier County, Charlotte County.

10/10/2024

372 views
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Analysts claim that the port strike has lasting implications for logistics

Returning to full operational capacity may take up to a month, according to DHL Global Forwarding. The recent strike by the International Longshoremen’s Association (ILA) across East Coast and Gulf Coast ports, while short in duration, has left lasting effects on the logistics sector. Let’s take a closer look at the implications of the strike and other contributing factors affecting the U.S. freight market.

10/10/2024

14673 views
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New Update: Hurricane Milton makes landfall as Category 3 at Florida

Hurricane Milton made landfall in Florida as a powerful Category 3 storm on Wednesday, unleashing destructive winds and spawning a series of tornadoes that devastated many regions across the state. With wind speeds exceeding 120 mph (205 kph) and a relentless storm surge, the storm hit Siesta Key first, a popular tourist destination known for its pristine white beaches. As the storm progressed, it impacted major cities along the Gulf Coast, including Tampa, St. Petersburg, Sarasota, and Fort Myers.

10/09/2024

359 views
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The major Hurricane Milton activates the American Logistics Aid Network

As hurricane season continues, the logistics industry faces enormous challenges in responding to and recovering from natural disasters. Less than two weeks after Hurricane Helene made landfall, the American Logistics Support Network (ALAN) is already gearing up to prepare for another storm – Hurricane Milton.

10/08/2024

13602 views
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Temporary Agreement Reached Between Dockworkers and Shipping Companies, Ending Port Strikes

In a significant development for the U.S. logistics and supply chain sectors, striking dockworkers and shipping companies reached a tentative agreement on Thursday, temporarily halting the port strikes that had caused widespread concern about potential disruptions. The deal extends the current contract between dockworkers and shipping companies, allowing operations to resume at major American ports while negotiations for a new long-term agreement continue.

10/06/2024

304 views
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TOP 10+ Largest Ports in Canada

The largest ports in Canada are the beating heart of this intricate logistics network, serving as vital gateways that connect the nation to international markets. These bustling maritime hubs do more than just handle cargo; they are dynamic ecosystems where trade flows, economies thrive, and industries flourish. 

10/01/2024

1543 views
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US East Coast port strike scheduled for Tuesday, according to union

September 30 – With less than five hours before a potential strike by US East and Gulf Coast dockworkers, the port management alliance announced on Monday that it has exchanged new wage proposals with the union, raising hopes of a possible agreement before container shipping halts from Maine to Texas.

10/01/2024

10867 views
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Geopolitical Tensions and Market Volatility Reshaping Global Shipping Trade

In a recent seminar co-hosted by law firm Reed Smith and the class society DNV, Principal Market Analyst Jakub Walenkiewicz delivered a compelling analysis of the current state of the shipping market, emphasizing that recent developments have been driven more by disruption than by traditional economic indicators. This perspective challenges conventional microeconomic models, which typically focus on predicted demand for commodities transported by vessels.

09/22/2024

311 views
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Should eBay Ban Freight Forwarders to Protect Sellers?

The issue arises when buyers, after receiving their items internationally, file claims for "not received" or "not as described" products, leaving sellers in a challenging position. A service that accepts shipments at a US address and then forwards the package to its final overseas destination.

09/19/2024

496 views
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Amazon & Accenture: Reducing Shipment Emissions

The global shipping industry is at a pivotal moment. Responsible for 3% of global greenhouse gas (GHG) emissions—comparable to the entire output of Germany—shipping faces increasing pressure to decarbonize. With net-zero targets looming, the sector must innovate to reduce its environmental footprint or risk falling behind.

09/12/2024

346 views
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With the advent of Premier Alliance in 2025, there will be new shipping requirements

The structure of the global container shipping industry is poised for a significant shake-up in 2025 as major alliances shift, reshape, and forge new partnerships. A key milestone will occur in February 2025, with the disbanding of the 2M partnership between Maersk and MSC, a collaboration that has defined east-west trades for several years.

09/10/2024

9779 views
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Malware assault for "technical disruptions" is confirmed by a global freight forwarder

Atlanta-based global freight forwarder, JAS Worldwide, recently confirmed a ransomware attack that caused significant technical disruptions, affecting its operations and customer service. This article delves into the details of the attack, the response from JAS Worldwide, and the broader implications for the logistics and supply chain industry.

09/04/2024

9669 views
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List of Major Ports in Vietnam: Gateways to Global Trade

Delves into the vietnam sea port list, providing a detailed overview of the major ports in Vietnam that serve as key gateways for international trade. We will highlight the biggest port in Vietnam and explore other sea ports in Vietnam that are vital for the country’s import and export activities.

08/29/2024

8854 views
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Redirecting Cargo from Canadian Ports by a US Freight Forwarder

In a recent strategic move that underscores the shifting dynamics in global logistics, a prominent US freight forwarder has initiated the redirection of cargo away from Canadian ports.

08/28/2024

359 views
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Hapag-Lloyd Updates Guidance Due to Higher-Than-Anticipated Demand for Liner Shipping

Hapag-Lloyd, a global leader in liner shipping, closed the first half of 2024 with a Group EBITDA of $2 billion, a notable decline from the $3.7 billion achieved during the same period last year.

08/19/2024

381 views
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Top 20+ Largest Ports in Europe in 2024

Discover the 20+ largest ports in Europe, each serving as a vital hub for global trade and economic growth. Explore how these ports are driving innovation, sustainability, and connectivity across the continent, ensuring their continued leadership in the maritime industry.

08/15/2024

5235 views
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Air cargo carriers on the Northeast Asia-Europe route must pay more in the summer

The air freight market from Northeast Asia to Europe, already experiencing heightened activity, has reached the highest rates in nearly a year and a half. According to the latest update from Xeneta, by the first half of August, newly contracted long-term general cargo sell rates hit $4.42 per kg, marking a 30% year-on-year increase.

08/14/2024

358 views
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Explosion of Container on Cargo Ship at Beilun, Ningbo Zhoushan Port, Zhejiang

This afternoon, at approximately 1:46 PM, a container ship docked at the Beilun container terminal of Ningbo Zhoushan Port in Zhejiang Province experienced an accident. A container on board suddenly exploded, causing immediate concern for those working at the port and nearby residents.

08/09/2024

382 views
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Top 15 Busiest Major Ports in China (CN) - List Update 2024

Explore the top 15 busiest major ports in China, driving the nation's economy and global trade. Discover how these hubs of activity, innovation, and infrastructure investment ensure China’s leading position in international commerce. Learn about their impact on global supply chains and regional growth.

08/08/2024

6811 views
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Top 20+ Busiest Highways in the US 2025

Explore the busiest highways in the United States, where traffic congestion is a daily challenge. From busy interstates like I-95 and I-5 to major urban thoroughfares, these highways carry millions of commuters and tourists. Which highways are the busiest and most congested? Read WCL's article now.

08/05/2024

33509 views
article

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Vietnam International Logistics Exhibition 2024 (VILOG 2024)

The Viet Nam International Logistics Exhibition 2024 is proudly supported by leading industry sponsors, underscoring its importance in the global logistics landscape, including major nations like the United States, Germany, Japan, China, Singapore, South Korea, and Australia...

08/01/2024

9298 views
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OnTrac announces the growth of the Midwest delivery network

Vienna, Va.-based e-commerce parcel carrier OnTrac recently announced a significant expansion of its Midwestern delivery network. This expansion will extend “beyond Chicagoland” and Illinois, reaching into the greater Midwest, including Madison and Milwaukee, Wisconsin, Minneapolis and St. Paul, Minnesota, and St. Louis, Missouri.

07/30/2024

602 views
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Are Excessive Freight Prices at Their Maximum?

According to data from S&P Global reported in the Journal of Commerce (JOC), freight rates from Asia to the U.S. West Coast (USWC) on July 5th surged by 350% year-over-year. Rates to the U.S. East Coast (USEC) saw an even steeper increase of 551%. Since April 19th, these rates had been on a relentless upward trajectory. By this month, they had reached levels akin to a "supply chain crisis."

07/17/2024

457 views
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Cross-Border Trade Surges to $73B in May 2024

Mexico emerged as the leading U.S. trade partner in May, with trade totaling $73 billion, driven by shipments of cars, computers, auto parts, and commercial vehicles, according to Census Bureau data.

07/16/2024

452 views
article

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Container Shipping Challenges in 2024: Navigating Risks and Ensuring Reliability

Despite the resolution of the supply chain crisis, U.S. importers face a myriad of challenges in 2024, with the Panama Canal and the Bab-el-Mandeb Strait becoming critical points of concern. Financial pressures on container lines are leading to increased cancellations of vessel sailings, while the threat of a dockworkers' union strike in October looms over East and Gulf Coast ports.

07/10/2024

829 views
article

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Pressure on global shipping is seen in the second half of 2024

Container shipping and the interconnected web of global transport services are entering their typical peak season for demand. However, this year's scenario planning is fraught with uncertainties surrounding supply. Incidents like vessel diversions in the Red Sea and port congestion have absorbed any surplus capacity the industry had towards the end of 2023, exacerbated by increased Houthi attacks. Spot container rates have surged twofold since early May.

07/10/2024

540 views
article

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Worldcraft Logistics' Anniversary 12 Years

Today marks a significant milestone in the journey of Worldcraft Logistics as we celebrate our 12th anniversary. Over the past twelve years, we have grown from a fledgling startup into a formidable player in the logistics industry, continuously pushing the boundaries of innovation and service excellence. This article takes a look back at our achievements, the challenges we have overcome, and our vision for the future.

07/07/2024

8164 views
article

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Kuehne+Nagel moves into new cargo facility at Birmingham airport

Logistics giant Kuehne+Nagel has established a new home base at Birmingham Shuttlesworth International Airport (BHM), facilitating the management of its weekly chartered freight flights from Stuttgart, Germany, initiated last year.

07/02/2024

7588 views
article

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Green Up Your Supply Chain Up 20 Times

The U.S. logistics sector holds immense economic significance, driven by unwavering consumer demand that keeps freight in perpetual motion, albeit at the cost of heightened energy and fuel usage. Across the board, from small business proprietors to supply chain overseers, concerted efforts are underway to mitigate carbon emissions, reflecting a shared commitment to sustainability within the logistics realm.

07/01/2024

431 views
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5 important variables that will affect ocean freight shipping in 2024

An early peak season for international shipping is unfolding this year, a shift that’s not entirely unprecedented. Industry reports show that demand for ocean freight surged in April and May, mirroring typical increases seen from June through September. WorldCraft Logistics corroborates this trend, with internal data revealing a 30% rise in shipments in April and an additional 8% in May.

06/24/2024

839 views
article

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The impact of new maritime regulations on importers & exporters

Recent changes in maritime law have ushered in a new era for importers and exporters. The landscape of international trade is continually evolving, presenting challenges and opportunities. Understanding these legal shifts is essential for maintaining compliance and optimizing operational strategies.

06/17/2024

7066 views
article

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The Vietnamese Consulate in the US expands cooperation to develop a strong economic corridor between the two countries

Building a robust economic corridor between the two nations is one of the goals of the Vietnamese Consulate in the United States. This effort aims to enhance bilateral trade, foster innovation, and attract investment, creating new opportunities for businesses and strengthening the strategic partnership between these two dynamic economies. By expanding cooperation across key sectors, the Consulate is paving the way for significant economic development and a deeper Vietnam-US relationship.

06/10/2024

518 views
article

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Borderlands Mexico: Eagle pass, Texas Port emerges as fastest-growing US border crossing

Borderlands provides a weekly overview of events concerning cross-border trucking and trade between the United States and Mexico. This week's highlights include the Port of Eagle Pass, Texas, emerging as the fastest-growing border crossing in the US; the Port of Brownsville securing the Westa flour mill; Siete Leguas Automotive inaugurating a $54 million factory in Durango, Mexico; and Customs and Border Protection intercepting an $18 million shipment of meth concealed within squash.

05/30/2024

699 views
article

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The Gulf Coast ports recorded a variety of shipments in April

Container traffic increased at Port Houston in April, whereas the Port of Corpus Christi in Texas and New Orleans experienced minor decreases. The port has handled 1.4 million TEUs, reflecting an 18% y/y increase.

05/28/2024

516 views
article

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A sudden container bottleneck raises maritime freight rates, triggering global trade worries

Global trade is grappling with a significant shortage in ocean container capacity, coinciding with the commencement of peak shipping season. Freight spot rates have surged approximately 30% in recent weeks and are anticipated to continue rising.

05/28/2024

859 views
article

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Dali Cargo Ship is finally on the move after a 2 month Baltimore bridge failure

Two months following its collision with Baltimore's Francis Scott Key Bridge, the container ship Dali was successfully refloated on Monday morning, commencing its journey towards the Baltimore port. The operation commenced shortly after 6 a.m., with crews experiencing several halts and restarts before the vessel navigated its way out of the accident site.

05/20/2024

552 views
article

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The Port of Los Angeles receives $58 million for harbor maintenance

The U.S. Army Corps of Engineers has announced a significant allocation of government funds earmarked for the Port of Los Angeles this year. This allocation aims to address crucial maintenance needs within the port's harbor channels and restore its wharves, vital components of its infrastructure.

05/16/2024

433 views
article

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Hai Yen Nha Trang's products are officially exported to the French market

Hot on the heels of its triumph in exporting bird's nests to the lucrative Chinese market, Hai Yen Nha Trang Company has embarked on a new milestone by officially introducing its esteemed products to the French market. Notably, this marks the inaugural shipment of Vietnamese bird's nest products to this discerning market, signaling a promising expansion for the company's global footprint.

05/12/2024

521 views
article

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HMM Identifies Opportunities Arising from Hapag-Lloyd's Departure from The Alliance

HMM CEO Kim Kyung-Bae sees Hapag-Lloyd's exit from THE Alliance as a significant opening for South Korea's leading carrier to broaden its reach. 

05/07/2024

512 views
article

Hot News

Expert analysis of the Baltimore Bridge collapse's impact on the supply chain

Yesterday's collision involving the 32,000-ton container ship, Dali, and the 1.6-mile Francis Scott Key bridge over the Patapsco River in Baltimore has plunged supply chains into further uncertainty. The collision led to the collapse of the bridge, halting ship traffic at the Port of Baltimore indefinitely.

05/06/2024

485 views
article

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Airhouse moves clients to partner 3PLs since they make "major layoff"

Fulfillment provider Airhouse underwent a significant downsizing, termed a "major layoff," and subsequently transitioned its clientele to third-party logistics partners in April. CEO and co-founder Kevin Gibbon disclosed this development in a LinkedIn post on Wednesday.

05/05/2024

665 views
article

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China's e-commerce exports and unreliable Red Sea shipping promote air freight

Resurgent air cargo demand, fueled by a quasi-blockade of Red Sea shipping and sustained growth in bookings by Chinese e-commerce platforms, is driving rising rates during what is typically a slow shipping period.

05/03/2024

784 views
article

Hot News

Exports of coal from Canada are expected to double by 2024

In the dynamic world of global commerce, Canada is making waves as a notable player in the seaborne coal export market. According to the latest insights from shipbroker Banchero Costa, Canada's export trajectory has seen a remarkable surge, a trend that not only persisted throughout 2023 but continues to gather steam in 2024.

04/25/2024

905 views
article

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Anticipating the Next Disruption in Supply and Production

In the contemporary corporate landscape, the prevalence of globalized industrial value chains is undeniable, facilitating seamless exchanges of goods and services to cater to a worldwide clientele. Local procurement is scant, and the prevailing norm is plant specialization, wherein individual facilities in distinct locations churn out singular products en masse.

04/23/2024

704 views
article

Hot News

Port of Los Angeles Sees 19% Year-on-Year Increase in Cargo Volumes for March

The Port of Los Angeles, situated on the West Coast, anticipates a continued surge in cargo volumes throughout April, despite the typically subdued shipping season. Reporting from Los Angeles, cargo volumes at the port soared by 19% compared to the previous year, totaling 743,417 TEUs in March, marking the eighth consecutive month of year-over-year growth.

04/22/2024

552 views
article

Hot News

Red Sea crisis is expected to last at least into second half of 2024

The persistent assaults on the Red Sea shipping lane by Yemeni Houthi pirates, spurred by the ongoing Israel-Palestine conflict, remain a significant concern for the global supply chain and economy at large.

04/19/2024

841 views
article

Hot News

Over 2 million TEU are expected at Port of Long Beach in Q1 2024

The Port of Long Beach witnessed a surge in throughput in March, attributed to heightened consumer confidence, marking the seventh consecutive month of year-over-year cargo growth

04/18/2024

556 views
article

Hot News

Strong U.S. Import Growth Continues into February, S&P Global Market Intelligence Analysis

Recent data from S&P Global Market Intelligence reveals that containerized freight imports bound for the United States saw yearly increases in February, marking the sixth consecutive month of growth after enduring 14 months of annual declines.

04/15/2024

859 views
article

Hot News

Let's cease endlessly doom-scrolling through your supply chain

Stop doom-scrolling your supply chain. Disruption is the reality of the modern world. How can you ensure your supply chain handles it without total fallout?

04/12/2024

531 views
article

Hot News

Modal shifts in the Red Sea and an e-commerce push have driven March air volumes up by 11% YoY

In March, the average air cargo spot rate rose by 7% month over month to $2.43 per kilogram, as reported by Xeneta. The uptick in volumes was fueled in part by e-commerce demand and modal shifts from ocean to air resulting from the Red Sea conflict.

04/10/2024

585 views
article

Hot News

Tax Regulations Relaxed for Truck Drivers Amid Baltimore Bridge Collapse Response

In response to the Francis Scott Key Bridge disaster, both state and federal governments are taking action to deliver aid and support to affected areas.

04/09/2024

6202 views
article

Hot News

Rise of Smart Port: How it is changing maritime trade in future

In the ever-evolving landscape of port management, the emergence of smart ports signifies a groundbreaking shift towards modernization and efficiency. These technologically adept ports capitalize on innovative solutions and data-driven approaches to revolutionize operational standards, prioritizing efficiency, safety, and sustainability.

04/08/2024

1308 views
article

Hot News

Trans-Pacific container prices continue to DECREASE WITHOUT BRAKES

Trans-Pacific ocean container spot rates headed east took another nosedive this week as container ship capacity along the route rebounds, with volumes settling at a lower level post-Lunar New Year festivities.

04/03/2024

575 views
article

Hot News

Electronics Theft Results in $1.8M Loss in Cargo

A string of audacious thefts aimed at UPS warehouses and a hijacked truck reveal more than $1.8 million worth of stolen electronics spread across the United States.

04/03/2024

630 views
article

Hot News

Top 10+ largest sea ports in the US with billions of USD/year revenue

Join Worldcraft Logistics to explore the largest and busiest seaport network in the United States. Find out the accurate information that we have updated, prepare knowledge before shipping your shipment by sea.

04/03/2024

13478 views
article

Hot News

Toyota and Honda See sales rise amidst American preference for cheaper cars

Despite expectations for a slowdown, the US auto market continued to show resilience, achieving another quarter of sales growth. However, the soaring cost of financing pushed Americans towards choosing more budget-friendly vehicle options

04/02/2024

580 views
article

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WMS Update for 2024: Converging e-commerce and warehousing

We delve into the pivotal function of WMS (Warehouse Management Systems) in modern e-commerce fulfillment hubs and its trajectory in shaping the future of these bustling facilities. As WMS evolves to be smarter, it is poised to further streamline operations and, in certain instances, integrate seamlessly with other warehouse applications, all within the confines of the facility.

03/31/2024

978 views
article

Hot News

Q4 2023: Sees shipping carriers suffer $1.44B EBIT loss

In the fourth quarter of 2023, the reports that shipping companies incurred a combined EBIT loss of $1.44 billion. This article updates the latest losses of major shipping lines in the world.

03/28/2024

540 views
article

Hot News

Baltimore Bridge Collapses Following Containership Collision

In the latest developments, six individuals are still unaccounted for in the aftermath of the bridge collapse. Reports indicate that a total of eight people plunged into the water, all presumed to be construction workers. Two have been successfully retrieved from the water, but one is reportedly in critical condition.

03/26/2024

579 views
article

Hot News

Air Freight Market: 2024 Outlook and Forecast

The air freight market witnessed a surge, hitting close to $97.92 million metric tons in 2023. Projections foresee a robust expansion, with an anticipated compound annual growth rate (CAGR) of 12% spanning from 2024 to 2032. Such exponential growth underscores the indispensable function of air freight within our increasingly interconnected global landscape.

03/26/2024

3237 views
article

Hot News

Container imports into the United States experienced robust growth in February

Despite a 6.0% decrease in volume compared to January 2024, totaling 2,137,724 twenty-foot equivalent units (TEUs) (refer to Figure 1), imports in February 2024 exceeded those of February 2023 by 23.3% and soared by 19.5% compared to February 2019, before the pandemic.

03/25/2024

582 views
article

Hot News

Why the Second Half of 2024 looks promising for freight industry

FreightWaves experts anticipate spring seasonality to bolster global freight market conditions. They noted positive trends suggesting the market's gradual improvement in 2024

03/24/2024

686 views
article

Hot News

Port of Los Angeles Set to Launch $130 Million Transport Initiative

The Port of Los Angeles, in collaboration with the California Department of Transportation (Caltrans), is set to commence work on a $130 million transportation initiative this month. 

03/18/2024

529 views
article

Hot News

Noticeable Logistics Trends in 2024

In the year 2024, the landscape of transportation faces unrelenting risks, as geopolitics, labor negotiations, fluctuations in freight demand, and capacity challenges persist, reshaping supply chain strategies. Worldcraft Logistics has compiled insights from multiple experts, presenting eight pivotal logistics trends to monitor in 2024.

03/12/2024

6903 views
article

Hot News

Bill Empowers States to Waive Truck Weight Limits

WASHINGTON — The proposed legislation advocating increased flexibility for states to waive truck weight limits in emergencies is also drawing attention for granting state authorities expansive new powers to elevate weight restrictions across various freight categories, warns an advocacy group opposing overweight trucks.

03/11/2024

638 views
article

Hot News

A cargo ship carrying 41,000 tons of fertilizer sank due to Houthi attack

Rubymar, a cargo ship owned by the UK, was struck by missiles from Yemen's Houthis and subsequently sank in the Red Sea. The vessel, which had been carrying over 41,000 tonnes of fertilizer, began leaking oil after the attack on February 18 and finally succumbed to water intake, prompting concerns about environmental damage to the Red Sea and its coral reefs.

03/05/2024

700 views
article

Hot News

Wall Street's Return to Containership Lines: ZIM in the Spotlight

For almost two years, Zim, the Israeli containership giant, faced harsh market penalties. The 10th-largest fleet on the seas struggled due to its unique model, operating a subscale, heavily chartered fleet exposed to the spot market. High COVID-era lease expenses collided with collapsing spot rates, causing the stock to plummet from its peak of $84.50 on March 18, 2022, to a low of $6.59 on Nov. 28, 2023.

02/28/2024

614 views
article

Hot News

Red Sea Region Witnesses a 21% Decline in Cargo Volumes Amidst Rising Ship Attacks

In the initial seven weeks of 2024, cargo volumes moving to and from ports in the Gulf of Aden and the Red Sea experienced a notable 21% year-on-year decrease. This drop was primarily attributed to a substantial reduction in the number of ships navigating these waters, as concerns regarding ship attacks by the Houthis prompted merchant vessels to avoid transiting through the region.

02/27/2024

4747 views
article

Hot News

Unprecedented shipping disruptions pose significant risks to global trade

Key shipping routes in the Red Sea, Black Sea, and Panama Canal are currently facing threats, with significant implications for global inflation, food, and energy security. Recent attacks on commercial vessels in the Red Sea have severely disrupted shipping through the Suez Canal, exacerbating existing geopolitical and climate-related challenges in global trade and supply chains, as outlined in a new report by UNCTAD released on 22 February.

02/27/2024

4328 views
article

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Positive developments in US-Mexico cross-border trade and transportation

The landscape of cross-border trade and transportation between the U.S. and Mexico is undergoing positive changes, with notable expansions and milestones. Companies engaged in cross-border logistics are extending their operations into Mexico, toll truck traffic on Texas State Highway 130 is surging, Karat Packaging opens a new distribution center in Arizona, and Pirelli celebrates the production of 50 million tires at its Mexico facility.

02/21/2024

762 views
article

Hot News

Maersk expects Red Sea vessel diversions to extend into the second half of 2024

Charles van der Steene, regional president for Maersk North America, informs CNBC, "Unfortunately, we don't see any change in the Red Sea happening anytime soon." He recommends clients factor in longer transit times through Q2 and potentially Q3, urging them to incorporate these adjustments into their supply chain planning.

02/20/2024

680 views
article

Hot News

Flexport, a Logistics Startup, Will Cut Hundreds of Jobs

Logistics startup Flexport Inc. is set to reduce its workforce by laying off hundreds of employees, marking the company's latest move to adapt to the challenges posed by a global shipping industry slowdown.

01/30/2024

4834 views
article

Hot News

Worries regarding rising container shipping costs following incidents in the Red Sea

Worries regarding rising container shipping costs following incidents in the Red Sea. Over the past two months, a relentless series of missile and drone attacks by Houthi militants in the Red Sea has presented a challenging decision for shipowners utilizing the Suez Canal. This decision involves either risking elevated insurance costs due to the possibility of airborne strikes or choosing the longer route around Africa, disrupting schedules and incurring higher fuel expenses.

01/29/2024

4630 views
article

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Sustainable logistics future: Innovating for efficiency and the environment (Update 2024)

Sustainable logistics future: Innovating for efficiency and the environment (Update 2024)

01/28/2024

4183 views
article

Hot News

Trucks are becoming more advanced, and this is causing dissatisfaction among truck drivers

The very intelligence designed to streamline and enhance the trucking experience is, ironically, leaving many drivers discontent. Let's Worldcraft Logistics delve into the fascinating yet complex intersection where the road meets technology, and where the aspirations of efficiency clash with the sentiments of those behind the wheel.

01/24/2024

870 views
article

Hot News

Amazon appoints the head of logistics to the position of CFO for AWS

Amazon has appointed John Felton, its esteemed logistics executive, as the new Chief Financial Officer for its AWS cloud computing unit. Udit Madan, currently Amazon’s Vice President of Transportation, will step into Felton's role. With nearly two decades of experience at Amazon and a key member of CEO Andy Jassy’s S-team, Felton brings a wealth of expertise to his new position.

01/24/2024

881 views
article

Hot News

Mounting delays and increased costs are putting pressure on Chinese exporters due to the recent shipping attacks in the Red Sea

Disruptions in Red Sea freight threaten the survival of Han Changming's trading company in Fujian, with shipping costs soaring from $3,000 to $7,000. China's export-reliant economy faces vulnerability, and there's a risk of firms shifting production closer to home. Premier Li Qiang emphasizes global supply chain stability. Amid Lunar New Year challenges, European customers delay shipments, impacting suppliers financially. Concerns grow about the cascading effect on smaller suppliers crucial to the supply chain.

01/23/2024

729 views
article

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TOP 10 largest 3PL companies with good service in the US

You want to find a reputable 3pl that guarantees goods and business. Please refer to the list of top 10 most reputable 3pl companies in the US market. Surely you will have your own choice.

12/24/2023

1591 views
article

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Top 10 Best 4PL Businesses In The World Guaranteed Service

List 4PL companies includes DHL, UPS, DB Schenker, Kuehne + Nagel, CEVA Logistics, XPO Logistics, DSV Panalpina, Geodis, CH Robinson & Accenture...

12/13/2023

4358 views
article

Hot News

The Impact of High Temperatures on Freight

The impact of high temperatures on cargo transportation, no one likes this surprise. What are your thoughts on solving this challenge?

11/08/2023

877 views
article

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What is Green Logistics and the positive impact on Eco-Friendly Supply Chains

Green logistics includes any business practice that minimizes the environmental impact of the logistics network and delivery. Eco-logistics eco-friendly simultaneously lower carbon footprint and overhead costs

10/19/2023

5464 views
article

Hot News

Top 10 types of cargo vessels in the world

Top 10 types of cargo vessels in the world, container ship is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization.

10/17/2023

5173 views
article

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Top 15 largest ocean freight companies in the world

NEW UPDATE 2023 - Top 15 largest shipping companies in the world. Summary of TEU, how to choose a shipping company that suits the needs of suppliers and logistics.

10/04/2023

2240 views
article

Hot News

SICHUAN AIRLINES ACCEPTS 1ST A330 CONVERTED IN CHINA FOR CARGO

Airbus venture to fill more domestic orders after the government approves airframe alteration

05/16/2023

4076 views
article

Hot News

CALIFORNIA'S CARGO LOSSES RISK JOB DRAIN FROM LOGISTICS-RELIANT ECONOMY

Some observers worry that the Los Angeles-Long Beach docks will struggle to stay the US’s No. 1 ocean-freight gateway over the long run. A shift to other ports is getting supercharged by simmering West Coast port labor talks — which are set to hit the one-year mark this week — as well as the near-shoring of factory production amid rising tensions with China, and US population growth shifting to the Sunbelt states.

05/15/2023

4104 views
article

Hot News

Thousands Of Containers Held Up At Karachi Port As Dollars Dry Up

Thousands of containers packed with essential food items, raw materials and medical equipment have been held up at Karachi port as the country grapples with a desperate foreign exchange crisis.

05/15/2023

984 views
article

Hot News

TOP 10 LARGEST PORTS IN THE US - A GUIDE TO THE BUSIEST SEAPORTS IN AMERICA

The United States is known as the country with the most developed economy in the world, import and export trade takes place smoothly on the east and west coasts, especially in seaports, where all trade transactions are concentrated. international trade. Today, Worldcraft Logistics would like to introduce to you the 10 largest seaports in the US, the demand for sending goods to the US increases every year, the volume of goods imported and exported through the port is up to millions of TEUs. Contributing to the development of the US economy, connecting the region and being an important link in the global supply chain.

05/14/2023

769 views
article

Hot News

Create the Extended Supply Chain Design Map.

Is it necessary to understand the Extended Supply Chains that your company has that are both upstream and downstream from its Tier 1 suppliers and clients? True is the response.

05/12/2023

4829 views
article

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SHIPPING GOODS TO CHINA BY SEA: KEYS THINGS YOU MUST KNOW 2023

Among the methods of transporting goods to China, sea transportation is the most appreciated form with many certain advantages. So what should you pay attention to when shipping goods to China by sea? What is the sea freight cost? Let's find out with Worldcraft Logistics in the article below!

05/09/2023

1168 views
article

Hot News

MAXIMIZING EFFICIENCY 2023: WHY LCL SHIPPING IS THE SMARTEST OPTION RIGHT NOW?

Fast LCL transportation has become the top choice for businesses searching for logistics services in the current market. With the impact of COVID-19, the demand for fast LCL transportation has significantly increased, especially for transporting personal protective equipment (PPE), which has seen a recent surge in demand.

05/07/2023

1077 views
article

Hot News

10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution

Utilizing last-mile delivery for retail services has various benefits. However, many in the shipping sector still ponder the necessity of last-mile delivery for retail. Current service patterns should be examined to determine where they fall short of current consumer and market expectations.

04/28/2023

943 views
article

Hot News

THE WORLD INCREASED BUYING, EXPORT RICE PRICE HIGHEST IN 10 YEARS

In the first quarter of the year, the average export price of rice was estimated at 531 USD/ton, up 9.2% over the same period in 2022. This is the highest average export price of rice in 10 years.

04/12/2023

1028 views
article

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Chinese cars exported to Australia must be decontaminated, topping the list of 'infected'

The situation is so bad that Australian Agriculture Minister Murray Watt has urged car companies to "make sure vehicles are cleaned before they are loaded onto ships to Australia". The minister told The Age and The Sydney Morning Herald: "I can declare the matter resolved tomorrow if the car manufacturers do their part."

04/07/2023

1017 views
article

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Lawmakers seek to create more truck parking spaces with new legislation

🚚 Lawmakers in both houses of Congress introduced the Truck Parking Safety Improvement Act, authorizing $755 million over 4 years for safe parking for truckers. The bill aims to increase and improve safe parking for truckers, primarily through new facilities or by converting existing weigh stations and rest areas. This move will make our roads safer for all commuters and ensure efficient transportation of goods and supplies to the market. 💪 Let's support our truckers and make their jobs safer and easier by expanding parking options

03/30/2023

3725 views
article

Hot News

Zero-Emissions Trucks Deadline in California to be Accelerated

California Plans to Speed Up Deadline for Zero-Emissions Trucks to 2036! The California Air Resources Board has proposed the Advanced Clean Fleet (ACF) rule, aiming to phase out diesel-powered trucks in the state. The proposal also includes an acceleration of the target for requiring zero-emission vehicles (ZEVs) in the trucking sector

03/30/2023

3385 views
article

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FreightCar America Optimistic About Tank Car Market Potential

🚂 FreightCar America is ready to meet any increase in demand for nonflammable tank cars! 🚚 Following the derailment of a Norfolk Southern train in Ohio, federal regulators are considering advancing the timeline to fully implement DOT-117 tank cars into the rail car pool from 2029 to 2025. With other rail car manufacturers busy producing DOT-117 tank cars, FreightCar America is poised to produce nonflammable tank cars that could carry commodities such as vegetable oils. In addition to their focus on nonflammable tank cars, FreightCar America has made significant investments to meet demand, including the development of a longer planning horizon with suppliers, as well as the doubling of their fabrication shop's capacity. The company has also entered into a refinancing agreement, which will close in May, providing additional capital to accelerate their next phase of growth and eliminate debt. Join FreightCar America in meeting the challenges of the rail industry, and explore their comprehensive railcar solutions today!

03/29/2023

976 views
article

Hot News

TOP 8 ESSENTIAL LOGISTICS TIPS FOR SMALL BUSINESS OWNERS

Supply chain and logistics are an integral part of every large or small business. Worldcraft Logistic will help your business run efficiently and cost effectively. Without a effective plan, your costs will rise

03/28/2023

3059 views
article

Hot News

Logistics insurance startup Breeze hires new talent to fuel expansion

Introducing Breeze, the digital insurance startup revolutionizing marine and cargo insurance! With Patrizia Kern, a seasoned marine insurance professional, joining as Chief Insurance Officer, Breeze is set to transform the industry with innovative technology, data, and machine learning. Get ready for more transparency, efficiency, and sustainability in freight management. Are you curious to see how Breeze can support your logistics business?

03/28/2023

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5 Strategies for Growing Your Business During Challenging Economic Times

Navigating a softening market and challenging economic times? Don't worry, we've got you covered! Discover 5 game-changing strategies that can help your logistics company grow even during a downturn. Want to know the secrets to overcoming obstacles and staying competitive?

03/28/2023

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Pitney Bowes dismisses Hestia proxy battle, citing erratic behavior by the activist firm

Pitney Bowes faces a proxy battle with activist firm Hestia Capital Partners, who's looking to replace key board members and oust the CEO. Despite criticism, Pitney Bowes stands by its CEO, Marc Lautenbach, and the company's strategic transformation over the past decade. With a strong focus on the middle market retail segment, the company is optimistic about its future in the e-commerce logistics industry. Curious about the whole story?

03/28/2023

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Teamsters union calls for Yellow to end purchased transportation

Did you know that the Teamsters union has called for Yellow Corp. to stop using outside transportation capacity? Yellow's proposed changes of operation have been rejected, and the union has given them a 30-day notice that the use of purchased transportation is no longer permitted. Purchased transportation accounted for 14.3% of Yellow's revenue last year. Want to know more about what this means for Yellow and the industry as a whole?

03/28/2023

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Efforts to Reduce Carbon Emissions Dampen Tanker Construction Pace

Reducing carbon emissions has led to a historically low number of crude and product tanker orders, posing potential profits for existing tanker owners. With increasing pressure to decarbonize shipping, uncertainty about future regulations & vessel propulsion discourages new orders. Are we heading towards a tanker capacity crisis?

03/23/2023

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Inventory Glut Casts Doubt on Prospects for Freight Rebound

Freight companies are reevaluating their expectations for a demand surge as economic uncertainty grows and retailers hold back on new orders. Falling retail sales and cautious inventory control by major companies like Nike are casting doubt on the anticipated freight rebound in 2023. Will the industry see a revival during the fall peak shipping season, or will these trends continue?

03/23/2023

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Major Trucking Firm Knight-Swift Transportation Set to Acquire U.S. Xpress

Major trucking news! Knight-Swift Transportation is set to acquire U.S. Xpress Enterprises for a whopping $808 million, further strengthening their position as one of the largest trucking companies in the US. The deal will bring the annual revenue run-rate for Knight-Swift to nearly $10 billion and expand their truckload fleet to around 25,000 tractors and 93,000 trailers. Are you curious about the impact of this acquisition on the trucking industry?

03/23/2023

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Sudden Shutdown for Florida's Flagship Transport Operations

Florida's Flagship Transport leaves 455 truck drivers without jobs and unpaid for weeks! Drivers arrived to pick up their paychecks, only to find themselves in the dark about the company's status

03/23/2023

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Labor Strife Escalates Amid Stagnant West Coast Port Negotiations

Tensions rise at West Coast ports as labor negotiations continue! Dockworkers at Los Angeles and Long Beach ports are accused of slowing cargo handling, leading to significant delays and truck backups. The situation is affecting U.S. trade flows as the parties struggle to resolve their differences. Want to stay updated on this evolving situation?

03/23/2023

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UP Follows Other Railways in Offering Paid Sick Leave for Select Employees

Union Pacific has reached agreements with eight unions to provide workers up to seven paid sick days! This deal follows similar arrangements made at other Class I railroads and will be effective starting April 1st. With more than 40% of Union Pacific's workforce now covered, ongoing negotiations with the remaining unions continue. Want to learn more about this development?

03/23/2023

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C.H. Robinson Taking a Cautious Approach to Appointing a New CEO

C.H. Robinson's CEO Selection Process Remains Uncertain! Discover why the appointment of Jim Barber, former COO of UPS, as the new CEO hasn't been confirmed and the challenges the new CEO will face. Curious to know more?

03/23/2023

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Locus Robotics Introduces New Solution to Seamlessly Integrate AMR Models

Discover how Locus Robotics is revolutionizing warehouse operations with their new LocusOne platform! Seamlessly integrating various Autonomous Mobile Robot (AMR) models, LocusOne enhances task capabilities, optimizes efficiency, and centralizes management. With this innovative solution, warehouses can now experience a unified robotic fleet that can easily adapt to diverse tasks. Curious to learn more about LocusOne's impact on the world of warehouse automation?

03/23/2023

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Rising Container Volumes Reported at Houston and New Orleans Ports

Rising container volumes at Houston and New Orleans Ports! February saw robust cargo volumes at the ports of Houston and New Orleans, with plastics and resins driving loaded container exports. Port Houston experienced a 15% increase in container volume, while the Port of New Orleans handled 33% more TEUs compared to the same month last year. However, import demand is softening as retailers work to clear their distribution centers. Want to know more about these trends and what they mean for the industry?

03/23/2023

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5 future device developments in transportation and logistics

In 2023, Logistics and transportation industry thanks to the progressive adoption of advanced engineering technologies, artificial intelligence, machine learning, and more. The future of the supply chain industry is unpredictable because it changes rapidly and constantly. Here are #5 trends for the future of devices in logistics and transportation:

03/21/2023

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FAQ: Rugged devices for business

Rugged devices are built for a variety of ultra-tough conditions. While handheld mobile scanners and ultra-tough tablets for outdoor workers are prominent examples of rugged, they’re not the only durable options to consider. The rugged device category includes a surprising range of device types including tablets, smartphones, and even sleek and lightweight hardware for hospitality, retail, education, and healthcare.

03/21/2023

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Railway Rundown: Spotlight on CSX, Norfolk Southern, and RailState

Railway Rundown: CSX revamps operations, boosts industrial development program & adds to site selection tools. Norfolk Southern reaches sick leave deal with union. RailState names BNSF veteran to advisory board Exciting times for the railway industry! CSX is restructuring its operations and enhancing its site selection program, while Norfolk Southern seals a sick leave agreement with another union. And let's not forget RailState adding a BNSF veteran to its advisory board! Curious to learn more about these developments and how they're transforming the industry?

03/21/2023

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Trans-Pacific Container Shipping Contract Negotiations Reach Pivotal Moment

The trans-Pacific shipping contract season is reaching a pivotal moment, and the outcome of rate negotiations will have a major impact on U.S. imports, liner profitability, and service reliability. Import demand is weak due to bloated inventories, and spot rates are falling while contract rates remain high. What does this mean for the freight industry? Find out more in our latest article and discover how this complex situation could affect your supply chain.

03/21/2023

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FreightWaves TRAC Spot Rates Integration Unveiled in Atlassys TMS Platform

Exciting news! Atlassys TMS has integrated FreightWaves TRAC truckload spot rates into its software, bringing high-frequency data to its transportation management platform. This game-changing update will help dispatch teams to make better rate, bid, and booking decisions, enhancing their daily workflow and maximizing margins. Don't miss out on this opportunity to streamline your logistics operations! Find out more about this powerful integration and how it can benefit your business

03/21/2023

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Revolutionizing Freight Transportation: The First Milestone Achieved on the Development Pathway

Exciting news from the logistics industry! The British International Freight Association (BIFA) has achieved its first success milestone in attracting talent to the logistics sector. Freight forwarder KTL (Europe) Ltd is the first company to hire a candidate who completed the Freight Development Pathway (FDP) program. Louie Turner, now a trainee customs operator at KTL, praises the FDP as the perfect fit for him. This achievement highlights the effectiveness of the collaboration between BIFA and Manpower UK in addressing talent shortages and helping more individuals find employment in the freight industry. Want to know more about this groundbreaking initiative?

03/21/2023

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IAG Cargo to leverage increased capacity in the Americas for growth opportunities

Check out how IAG Cargo plans to expand its Americas capacity through new British Airways passenger flights to Aruba and Guyana. The cargo division of International Airlines Group will offer capacity on twice-weekly BA-operated Boeing B777-200 widebody aircraft from London Gatwick Airport. This capacity will serve exports of perishables, local produce, and oil equipment. IAG Cargo utilises the belly capacity of its subsidiary airlines and also has partnerships that provide access to freighter capacity

03/20/2023

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AN-124s deployed by deugro for time-sensitive petrochemical plant delivery

Check out how deugro, a project specialist forwarder, successfully delivered thirteen plant components to a petrochemical plant in Saudi Arabia in just seven days through three consecutive AN-124-100 air charter flights from Italy and Belgium. The delivery was needed urgently to prevent a production line shutdown. Read the full article to learn about the cargo details, the challenges faced, and the flight details

03/20/2023

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Convoy supports SEC-proposed rule with new scope 3 emissions reporting

Looking to reduce your carbon footprint? Digital freight platform Convoy has launched a new solution to help shippers report their greenhouse gas emissions and reduce their carbon footprint. With the US Securities and Exchange Commission expected to make emissions reporting mandatory by 2024, Convoy’s emission insights dashboard provides real-time reporting and detailed emission reports that help shippers decarbonize their operations. By providing insight into 97% of a load's life cycle, the dashboard helps shippers understand their scope 3 emissions and make tactical decisions to reduce their carbon footprint

03/20/2023

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Trucking Sector Approaches Pivotal Point as First Quarter Concludes

Are we approaching a pivotal point in the trucking sector? Analysts are predicting a challenging earnings season for transportation companies, with uncertain demand growth for the second half of 2023. Deutsche Bank's analyst Amit Mehrotra highlights the significance of real-time data to determine mid-term outlooks for transportation stocks. With this in mind, it's crucial for businesses to stay up-to-date with the latest information to make informed decisions

03/20/2023

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Walmart and Packsize Join Forces to Develop Customizable Box Packaging Solution

Curious about Walmart's latest collaboration with packaging specialist Packsize? They've teamed up to create a new right-sized, on-demand box machine called the Ultra5. Already installed in the first of Walmart's four next-gen fulfillment centers, the Ultra5 produces up to 600 boxes per hour, minimizing costs and environmental impact. Walmart's SVP of innovation and automation praised the partnership for enhancing the customer unboxing experience and reducing waste. Check out the Ultra5's unique features at the ProMat 2023 event in Chicago. Want to learn more about Walmart's innovative solutions?

03/20/2023

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Yale Unveils Lift Truck Technologies Rebranding and Showcases Innovations at ProMat Event

Looking for innovative, safe, and productive warehouse vehicles? Look no further than Yale Lift Truck Technologies, now rebranded as Yale Lift Truck. At ProMat 2023, Yale showcased multiple fully electric vehicles, including the lithium-ion-integrated three-wheel sit-down truck, and the Yale Reliant system, which can be added to any model to provide operator assistance and safety technologies. With a focus on customer-centric design and a commitment to technology integration and support from its independent dealer network, Yale is changing the game when it comes to forklifts

03/20/2023

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App-Based Drivers' Battle Against AB5 Reignited: Uber and Postmates Return to the Fray

"Is AB5 Fair to App-Based Drivers? Uber and Postmates Revive Lawsuit" Uber and Postmates have partially revived their lawsuit against AB5, arguing that it unfairly targets app-based drivers. A recent decision by the 9th U.S. Circuit Court of Appeals overturned a lower court ruling, granting the ride-hailing companies significant victories. The decision cites statements made by AB5's key sponsor, Lorena Gonzalez, expressing openness to exemptions for musicians but not for app-based ride-hailing and delivery companies. This decision could set a precedent for other industries, including the trucking industry, which has also been affected by AB5. Is AB5 fair to app-based drivers?

03/20/2023

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Diesel Price Hits 7-Week Consecutive Decline

Diesel prices continue to fall for the 7th consecutive week due to a potential banking crisis. However, the price drop has been more consistent compared to crude oil prices. Could this be a good time to fuel up?

03/20/2023

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Growing Unrest as West Coast Port Workers and Employers Fail to Reach Contract Agreement

West Coast port workers and employers fail to reach a contract agreement, causing cargo delays and disruptions at the busiest entry points for imported goods in the US. Employers accuse dockworkers of deliberately slowing down cargo handling, leading to significant delays in operations and truck backups at terminal gates. Negotiations have been ongoing since May 2022, covering over 22,000 dockworkers at 29 ports from California to Washington. Talks were set to resume on Tuesday, but the parties involved seem no closer to resolving their disagreements

03/20/2023

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Borderlands: Truck driver salaries in Mexico averaged $4,400 in 2023

Information in the article shows that Mexico's transportation industry is developing and has very high prospects. Wages and total employees in Mexico’s cargo trucking industry increased slightly between the final quarter of 2022 and the same period a year earlier.

03/20/2023

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Lufthansa Chooses Swissport as Cargo Handling Partner in Nairobi

Lufthansa and Swissport are taking their partnership to new heights! Swissport has been chosen as Lufthansa's cargo handling partner at Nairobi's Jomo Kenyatta Airport. With 11 years of collaboration under their belt, Swissport is now expanding their services to include cargo handling and warehousing. Did you know that Swissport's Nairobi Cargo Center can handle a wide range of goods, including perishables and temperature-sensitive items? Plus, they've recently introduced an innovative "flower corridor" that extends the shelf life of fresh-cut flowers and reduces waste

03/20/2023

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Shareholder Rights Legal Practice Files Lawsuit Against Norfolk Southern for Precision Scheduled Railroading Issues

Are you a Norfolk Southern investor? A law firm specializing in shareholder rights has filed a class-action lawsuit against the company over Precision Scheduled Railroading issues. The modifications have been linked to a recent derailment and declining stock prices. Don't miss out on your chance to seek compensation. Contact Bragar Eagel & Squire to join the lawsuit today.

03/19/2023

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Russia's Isolation from Global Finance Leads Kremlin to Believe Western Sanctions Provide Protection Against Banking Crisis

The Kremlin views Russia's isolation from the global financial system due to Western sanctions as a protective measure against the impact of the ongoing banking crisis in the US. Despite facing challenges from international banks withdrawing and restrictions on energy exports, Russian President Vladimir Putin remains optimistic about the resilience of the country's economy. However, concerns have been raised about the need for foreign investors as Russia's funds continue to dwindle.

03/17/2023

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First Republic Bank Rescue Sparks Global Market Rebound Led by US Lenders

Asian and European markets recover as First Republic Bank receives a $30 billion bailout from major US banks, easing investor concerns amid the ongoing banking crisis. The rescue action has restored some confidence in the financial sector, with Credit Suisse also tapping into a lifeline from the Swiss National Bank. Despite the turbulence, European shares show modest gains, and investors now await the Federal Reserve's anticipated rate hike decision.

03/17/2023

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Air Cargo Industry May Not See Recovery Despite Economic Uptick

Air cargo industry sees a slight improvement but faces ongoing challenges like high inflation, the Ukraine conflict, and rising jet fuel costs. Despite a few positive signs, airfreight may not benefit much from increased trade as ocean freight becomes more attractive.

03/16/2023

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5 Essential KPIs to Reduce Shipping Expenses and Increase Profit Margins

Key KPIs for Supply Chain Performance! Discover how On-Time, In-Full (OTIF), Claims Rate, Accessorial Spend, Tender Acceptance & Rejection, and Average Dwell Time can help improve your shipping experience and supply chain network. Boost your carrier partnerships and become a "shipper of choice"!

03/16/2023

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Cathay Increases Cargo Capacity in February, Leading to Higher Tonnage

Cathay Pacific's cargo tonnage increased by 59.6% in February, thanks to capacity recovery! Demand is recovering post-Lunar New Year holidays, with e-commerce traffic boosting growth. Cathay plans to operate 50% of pre-pandemic passenger flight capacity by end of March.

03/16/2023

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Changing Dynamics in Supplier-Buyer Relationships as Pandemic Pressures Subside

Discover how the dynamics between retailers and suppliers are changing as pandemic pressures subside! Retail giants like Walmart are pushing back on price increases and leveraging their purchasing power to regain control of their supply chains. With ongoing changes in consumer spending and inflation impacting pricing, tensions between suppliers and retailers are rising

03/16/2023

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Lufthansa Cargo Reveals Upcoming Strategy for Cargo Aircraft Purchases

Lufthansa Cargo reveals plans for future aircraft purchases! Focusing on the growing e-commerce market, the airline will expand its short- and medium-haul freighters while holding off on widebody freighter orders. With record revenues and a stable cargo volume, Lufthansa Cargo is set to modernize its fleet and boost intra-European e-commerce services

03/16/2023

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Kodiak Robotics and Forward Air Launch Self-Driving Hauls Between Dallas and Atlanta

Kodiak Robotics and Forward Air Corp. are revolutionizing the freight industry with thrice-weekly autonomous round-trips between Dallas and Atlanta! They aim to eliminate drivers on specific routes by 2024, enhancing efficiency and supply chain resilience. Learn how these self-driving trucks can operate for six days without rest or recalibration, and discover the partnerships that make this innovation possible. Are autonomous trucks the future of freight?

03/16/2023

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Drone Delivery Canada Secures Funding to Revolutionize Eco-Friendly Transportation

Drone Delivery Canada (DDC) has secured a $75,000 grant from the DAIR Green Fund to revolutionize eco-friendly transportation! The funding supports their Care by Air project, delivering healthcare goods with clean energy drones. Advancing BVLOS capabilities, DDC will expand delivery options while aligning with its mission to develop sustainable innovations.

03/15/2023

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Boeing Establishes 737-800 Cargo Conversion Facility in India

Boeing is setting up a new facility in India to convert 737-800 passenger aircraft into cargo jets! Amid a cooling airfreight market, this expansion brings added capacity to meet growing regional cargo needs.

03/15/2023

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Manitoba's Mission: Unmasking 'Chameleon Carriers' on Canadian Roads

Manitoba legislators aim to unmask "chameleon carriers" on Canadian roads! New amendments to the Highway Traffic Act target trucking companies that rebrand to dodge safety violations

03/15/2023

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DP World Takes Flight: Air Cargo Logistics Hub to Land in Dominican Republic

DP World, the Dubai-based maritime giant, is set to establish a new air cargo logistics hub in Punta Cana, Dominican Republic! This multimodal hub will include a logistics center and infrastructure for air, land, and sea cargo. Operations are expected to begin in Q2 2023. This expansion aims to attract more global commerce, stimulate economic growth, and transform the Dominican Republic into the region's most important logistics hub.

03/15/2023

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Gatik to Conduct Autonomous Grocery Deliveries for Kroger in Dallas

Gatik & Kroger are teaming up for autonomous grocery deliveries in Dallas! Gatik's box trucks will streamline transportation, initially with safety drivers onboard. This partnership adds to Gatik's growing list of Fortune 500 clients

03/15/2023

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United Airlines Pledges Investment in Sustainable Aviation Fuel Technology Using Algae

United Airlines invests $5 million in Viridos, a bioengineering company that produces Sustainable Aviation Fuel (SAF) from microalgae. SAF is expected to have a 70% smaller carbon footprint compared to traditional jet fuel, making it an attractive source for biofuel production. United aims to achieve net-zero carbon emissions by 2050 and has invested in more than 3 billion gallons of SAF. Through the UAV Sustainable Flight Fund, United and other corporate partners are working towards decarbonizing air travel

03/14/2023

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US Ports Experience a 50% Decrease in Container Ship Traffic

The number of container ships in U.S. coastal waters has dropped by 51% from last year, according to Bloomberg. IHS Markit data also revealed a significant decrease in weekly port calls in US waters. A slowdown in global consumer demand and harsh weather could be contributing factors

03/14/2023

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Regional parcel shippers aggressively courted by UPS and FedEx

National carriers, UPS Inc. and FedEx Corp. are reportedly taking market share from regional parcel delivery rivals by offering price discounts. While this is not new, the aggressiveness of the national carriers is said to be different from the past. ShipMatrix President, Satish Jindel, believes that overcapacity rules the parcel market. This is evident in the fact that the US Postal Service only processes 55% of its daily capacity of 60 million parcels. Since the pandemic, the market has become saturated with dozens of parcel carriers of different sizes, raising consumer familiarity concerns as the majority of the new carriers are unknown to them. As shippers return more packages to national carriers, they are eligible for discounts that they may have forfeited when they fled, and this increases the incentive to switch carriers. A Moody's report recently downgraded the debt ratings of OnTrac, the largest regional carrier in the US, because of excess capacity, weak demand, and high financial leverage.

03/13/2023

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Freightos Downgrades Cargo Growth Prediction for Shipping Industry

Freightos has reduced its growth forecast due to lower trade demand and weak freight rates. The company now expects revenue to grow between 15% and 21% this year over 2022, compared to its previous 87% growth forecast. The company's revenue projection for 2023 is between $22.3 million and $23.6 million, a significant drop from its June 2022 projection for this year of $39.5 million. Freightos went public in January and operates like an Expedia or Travelocity for freight, enabling companies to compare prices and book space on planes and ships. Despite the slowdown in the global freight market, the platform continues to add carriers and sign up new shipping customers.

03/13/2023

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The Potential and Costs of Hydrogen for the Trucking Industry Discussed at CERAWeek

At S&P Global by CERAWeek, discussions on hydrogen-based solutions for heavy-duty trucks emphasized the need for collaboration in the hydrogen supply chain to make it commercially viable. While hydrogen has potential as a fuel due to its strengths, such as fuel cell stack predictability and endurance, initial infrastructure development costs present a significant barrier. Hydrogen was highlighted as a potential alternative to battery-powered electric vehicles, but challenges lie in adapting to the space-restrictive structures of commercial vehicles like trucks. Despite initial expenses, demand for hydrogen is high, and companies with zero-carbon goals face pressure to decarbonize. OEMs have introduced fuel cell products faster than anticipated, and the required market triggers are imminent, according to fuel cell manufacturers.

03/13/2023

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Trade Show Logistics Operator Acquired by Forwarder EFW

Estes Forwarding Worldwide (EFW), a domestic and international freight forwarder, has acquired Legacy Logistics, a trade show logistics and exhibit services provider. Legacy provides transportation, warehousing, and storage services for trade shows, events, and retail display setups. The acquisition expands EFW's existing events business and offers Legacy's customers access to EFW's national network of warehouses and freight forwarding services. Legacy will now operate under the banner of EFW Tradeshow, and its CEO will continue to serve as senior vice president. The acquisition enables EFW to enhance its trade show solutions for clients, and the cultural compatibility between EFW and Legacy is expected to be beneficial to both parties' clients and employees. Financial terms of the transaction are undisclosed.

03/13/2023

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IndiGo welcomes Sutch to its cargo division

IndiGo appoints Mark Sutch as chief commercial officer of its CarGo International division to develop cargo solutions using A321 freighters and belly space. Sutch brings 25 years of experience in the airline industry and was previously with CMA CGM Air Cargo and Cathay Pacific Airways. IndiGo recently acquired two passenger-to-freighter aircraft to support its cargo business and meet India's growing air cargo demand.

03/13/2023

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Latam Cargo offers direct flights for flower and industrial exports to LA

Latam Cargo has launched a twice-weekly cargo route from Los Angeles and Houston to South America via Quito, Manaus, and Sao Paulo. The new service aims to expand Ecuador's flower export destinations beyond Miami and Amsterdam, as well as meet the needs of shippers of industrial and electronic components, auto parts, machinery, engines, and other goods bound for Brazil. The airline currently operates seventeen Boeing 767-300 freighters and plans to add four more by 2024. Latam Cargo's reorganization resulted in a modernized fleet and a debt reduction of $3.6 billion

03/10/2023

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Truck transportation experiences third-largest decline in jobs in a decade

Trucking industry experiences unprecedented job losses in February with 8,500 jobs lost, attributed to reduction in shippers' volume expectations. The downward trend is expected to continue with a decline in contract rates and prices for used equipment. Meanwhile, warehouse jobs decreased and rail jobs saw a small drop

03/10/2023

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Kodiak Robotics' Driverless Technology Advancement: Cutting Cables with Confidence

Kodiak Robotics demonstrates how their autonomous truck can safely come to a stop when a sensor fails. The high-autonomy Class 8 truck is equipped with a third-generation Kodiak Drive system that would enter fallback mode and wait for additional instructions. Kodiak plans to remove the driver from its autonomous trucks by 2024 and substitute a daycab for a sleeper cab. The startup is focusing on resolving any system issues that could lead to a fallback or pullover scenario

03/10/2023

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Reduction in Flight Time for Cargo Planes Highlights Weakness in Air Freight Market

The air cargo market continues to face challenges, with global airfreight flight hours declining for the 10th consecutive month in January. The decline in flight hours for all-cargo airlines is an additional sign of the sluggish airfreight market. Flight hours are down across most markets, with North America-Asia and North America-Europe seeing some of the steepest declines. Despite the decline, global freighter utilization is still 14% higher than it was prior to the pandemic

03/10/2023

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Maersk Forms IMEA Region by Combining West & Central Asia and Africa

Exciting news! Maersk, a logistics and shipping company, has formed the Indian Subcontinent, Middle East, and Africa (IMEA) region by combining West & Central Asia and Africa regions. Richard Morgan has been appointed as the IMEA region's managing director. This integration is in response to the post-pandemic market's ever-changing conditions, such as softening demand, evolving customer behavior, and an increasing need for competitive and reliable logistics. The IMEA region has a geographically strategic location, making it a natural advantage for creating hubs for both ocean and air transport

03/10/2023

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Ways for shippers to take advantage of the current slack in logistics market

With a soft market anticipated for 2023, shippers should prepare for the next market cycle. To maximize lower rates and prepare for the market recovery, shippers should migrate volume to the spot market, expand and strengthen their network of shippers and carriers, and enhance their supply chain technology. With these strategies, shippers can operate more efficiently and navigate potential market disruptions in the future

03/10/2023

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Efficient Freight Solutions Help Auto Shippers Reduce Inventory Costs

Auto production is down from pre-pandemic levels, leading to low inventory in the automotive industry. However, some companies are turning to efficient freight solutions to help reduce inventory costs. Automotive shippers are opting for premium, expedited-style services to facilitate tight inventories and higher freight speeds, while some customers request transloading in port cities. In 2023, both trucking and intermodal rates have decreased significantly, and inbound container bookings to the US have rebounded

03/10/2023

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New Logistics Area for Grains in Suez Canal Economic Zone: Arab Brazilian Chamber of Commerce's Latest Venture

Exciting news! The Arab Brazilian Chamber of Commerce and the Egyptian Foreign Ministry have been discussing plans to establish a logistics area for grains in the Suez Canal Economic Zone. This proposed Brazilian logistics area for grains in Egypt has received positive feedback, and both parties are committed to fostering stronger economic ties and expanding investment opportunities

03/10/2023

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Mountain Air Cargo Introduces Newest Addition to Fleet: ATR 72-600 Freighter for Enhanced Cargo Operations

Mountain Air Cargo, a US-based airline, has received its first ATR 72-600 freighter! 📦 The new aircraft will increase the company's cargo capacity and versatility, providing containerized service for interstate and international charter cargo operations. As a subsidiary of AirT, Mountain Air Cargo operates 25 Cessna Caravans, 9 ATR-42s, and now 1 ATR-72-600F

03/10/2023

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Revolutionizing Retail with Advanced Weather Technology

Did you know that weather has a significant impact on consumer behavior? With an average of 35,000 daily decisions, retailers must consider weather conditions in their business operations. However, traditional weather forecasting methods lack scalability, leaving long-term resilience and profitability to chance. To remain competitive and weather-resilient, retailers must integrate advanced weather intelligence into their business processes. Discover how Tomorrow.io's weather intelligence technology can help retailers adapt at scale and optimize their operations

03/09/2023

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Uber Freight division may become a standalone company in strategic move

Uber may consider selling or spinning off Uber Freight after the company's revenue decreased by 43% YoY to $7 billion in Q4 2022, and EBITDA turned negative. An IPO would be likely if Uber Freight is spun off, making it the first publicly traded digital brokerage firm. According to an analyst at Bank of America Merrill Lynch, Uber Freight could fetch approximately $7.85 billion if sold, but comparisons to other companies' valuations are tenuous. Uber Freight recently reduced its workforce by 3%, laying off approximately 150 positions in the brokerage division

03/09/2023

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DHL Global Forwarding Surpasses Expectations with Record Airfreight Revenues

DHL Global Forwarding reported an 18.7% increase in airfreight revenues, despite a decrease in volumes, reaching €10.4bn. However, the air business performance weakened throughout the year. Despite this, DHL experienced an increase of 32.3% YoY to €30.2bn in revenue, while earnings before interest and tax rose by 77.4% to €2.3bn

03/09/2023

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Signs of recovery emerge for air cargo industry

Good news for the air cargo market! Recent reports suggest a slight improvement, thanks to China's production expansion. The Baltic Air Freight Index rose by 3.5% during the week of March 6. With China's reopening and summer season approaching, the market could be close to bottoming out

03/09/2023

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Wing - Alphabet's drone division, reveals plans for citywide logistics system

Wing, Alphabet's drone delivery division, has developed a blueprint for autonomous urban drone delivery networks! The Wing Delivery Network will resemble last-mile delivery vans, with drones picking up and delivering orders and charging within the delivery network. This innovative solution aims to make drone delivery as easy as using DoorDash or Uber Eats, minus the traffic and emissions.

03/09/2023

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Middle-mile FreightTech firm Warp enhances retail logistics with same- and next-day store delivery

Warp, a middle-mile FreightTech company, has introduced DirectFresh, a new platform for perishable shippers that facilitates direct shipping of fresh freight like frozen meat and ice cream to stores within hours. The service leverages a network of carrier partners and temperature-controlled crossdocks and is ideal for businesses in the food industry and specialty retailers. Warp aims to prevent supply chains from bypassing the middleman and provide real-time temperature data to shippers through its partnership with ShipRec

03/08/2023

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2022 revenue figures disappoint for Cathay Pacific Cargo

Cathay Pacific reported a 16.6% decline in cargo revenues to HK$26.9bn in 2022 due to COVID-19 restrictions, which resulted in a 29.8% decrease in cargo revenue tonne kms. However, the company aims to have cargo capacity back up to 85% of pre-pandemic levels by the end of this year. The carrier is expanding Hong Kong International Airport with a third runway and building links with the Greater Bay Area. Despite these challenges, the airline swung to an operating profit of HK$3.5bn in 2022, with revenues surging 12%

03/08/2023

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Air Cargo Industry Off to a Lackluster Start in 2023

Despite ongoing economic challenges, global air freight demand decreased by 14.9% in January 2023 compared to the previous year, according to the International Air Transport Association. However, available cargo tonne-kilometers and international cargo capacity increased. Willie Walsh, IATA Director-General, is cautiously optimistic due to higher yields and stabilizing production conditions in China. Latin American carriers had the "strongest performance," with a 4.6% increase in cargo volumes and a 34.4% increase in capacity

03/08/2023

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Ford's New Ad Campaign Puts a Spotlight on Women's Contributions to the Auto Industry

Check out Ford's new advertisement for the "Ford Explorer Men's Only Edition," which may seem like a stereotypical marketing ploy at first, but it's actually a tribute to women's contributions to the automobile industry. The ad highlights significant contributions made by women to improve cars, including the rearview mirror and GPS system.

03/08/2023

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Behind the Headlines: The Reason Why Logistics Giant Ceva is Cutting 142 Jobs in Tennessee

Global logistics giant, Ceva Logistics, announces layoffs of 142 employees in Tennessee due to changes in customers' operations. However, affected employees will be offered positions on other shifts. Learn more about the industry's volatility and Ceva Logistics' pledge to support its employees in this transition

03/08/2023

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Technology at the forefront: Cummins rebrands New Power division as Accelera

Cummins rebrands its New Power division to Accelera and invests $900 million in zero-emission technologies. The division will focus on creating batteries, hydrogen fuel cells, electronic axles, and more. The rebranding supports Cummins' Destination Zero initiative to produce only zero-emission products by 2050. Accelera is now a sub-brand of the Cummins brand and distinguishes itself from other business segments. The company already announced two new business ventures, including the acceleration of electric school bus production with Blue Bird Corp.

03/08/2023

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Air Europa Cargo and CargoAi announce strategic partnership to enhance air cargo booking experience

Air Europa Cargo and CargoAi have teamed up to launch an e-booking platform in mid-2023. Freight forwarders can search, book, track and pay for shipments in one interface using CargoGATE, CargoWALLET, and Cargo2ZERO. The platform is expected to increase customer loyalty by providing a user-friendly booking process. The partnership also allows Air Europa Cargo to be booked on CargoMART and to be displayed to over 8,000 forwarders.

03/08/2023

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In Response to Growing Demand, Milwaukee Mitchell International Airport to Construct New Cargo Facility

Looking for an alternative to the congested Chicago O'Hare hub? Milwaukee Mitchell International Airport (MKE) has you covered! MKE is building a new South Cargo Logistics Hub with 74 docks, 99 trailer slots, and 288,000 square feet of space. This project will provide cargo tenants with uncongested airspace, connectivity to major cities, and greater flexibility. The new facility is expected to be ready in the second half of 2024.

03/07/2023

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Overhaul's Groundbreaking High-Risk Freight Monitoring System Attracts $73M Investment

Exciting news! Overhaul has secured $73 million in funding to support their risk management solutions for in-transit commodities and the purchase of security services provider SensiGuard. The new funding will support product development for both companies, with a focus on real-time visibility and responsive risk management. Overhaul has recovered millions of dollars in cargo value for their clients and prevented millions more in cargo loss through their interventions and recoveries. With the purchase of SensiGuard, Overhaul's global footprint will expand and they predict tracking over $1 trillion in cargo by 2023

03/07/2023

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The future of fuel: CERAWeek explores potential of hydrogen

Hydrogen could be the future energy source for heavy-duty trucks! Learn about the increasing focus on hydrogen in the energy industry and how it could benefit the trucking industry. Plus, get insights from experts at CERAWeek by S&P Global and find out what Amazon is planning for the future

03/07/2023

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Record-breaking fall in transportation prices observed in February

Transportation costs hit an all-time low in February! According to a Logistics Managers' Index study, transportation expenses scored 36.1, falling 5.9 percentage points from January. The study linked the lower rate to the consumer spending hangover from the US holidays, and Chinese New Year import delays. Read on to find out more about the survey's insights on inventory levels, warehouse capacity, and more!

03/07/2023

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SriLankan Airlines Adapts to Harsh Cargo Landscape with Emphasis on Partnerships, E-Commerce, and Digital Transformation

SriLankan Airlines is exploring partnerships, e-commerce, and digitalization to boost its export operations amid challenging air cargo market conditions. The airline's cargo unit aims to expand interline cargo agreements with other airlines to improve capacity, collaborate with online e-booking platforms to extend its market reach, and increase capacity to China to capitalize on its expanding e-commerce business. Sri Lanka's export market faces challenges from global and local factors, including the Ukraine-Russia conflict, China-US trade disruptions, decreased consumer spending due to inflation, and the fuel shortage on the island.

03/06/2023

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Lion Electric files Lawsuit against Nikola for Terminating Romeo Battery Agreement

Nikola Corporation and Lion Electric Company are in a legal dispute over the acquisition of battery start-up Romeo Power by Nikola, which led to the termination of Lion Electric's battery supply agreement. Lion Electric has accused Nikola of tortious interference and luring away its clients. The Canadian firm has filed a civil action in the US District Court for Arizona demanding more than $75,000 in damages. The court documents stated that Nikola encouraged Romeo Power to raise prices on the contract and then canceled the deal after the acquisition. Nikola has not commented on the case yet.

03/06/2023

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Brussels and Changi Collaborate on Cargo Operations

Brussels Airport Company (BAC) and Changi Airport Group (CAG) have signed a Memorandum of Understanding (MOU) to collaborate on various cargo projects, such as pharmaceutical logistics, digitalization, and sustainability initiatives. One of the key projects the two airports will undertake is the Green Air Pharma Corridor study, along with other Pharma. Aero members, to establish a green lane with a set of sustainability standards. Both airports have previously worked together on initiatives, including the development of Pharma. Aero with Miami International Airport.

03/06/2023

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California's winter snowfall smashes all previous records, officials confirm

California has seen record-breaking winter storms, leading to the greatest snowfall in decades. The Sierra Nevada snowpack is now 177% of normal, providing 30% of the state's annual freshwater supply. The recent rainfall has refilled some reservoirs, but the largest lake in the state, Shasta Lake, remains below average. The storms have boosted snowfall in the mountains, although the state still confronts a severe groundwater shortage. It may take several wet winters for California and the West to recover from a long-term drying trend.

03/06/2023

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G Willi Food Announces NIS 90 Million Investment for Innovative Logistics Center

G. Willi-Food International Ltd. specializes in the distribution of premium kosher food items to over 1,500 clients and 3,000 retail sites worldwide. The company's operating divisions include Willi-Food in Israel and Euro European Dairies, a subsidiary that designs, produces, and distributes branded kosher dairy products. The company recently received a building permit for the construction of a new refrigerated and frozen distribution center at a cost of NIS 90 million, which will increase storage and distribution capabilities and support expansion into new categories of frozen and chilled foods. The investment will be funded by the company's own funds.

03/06/2023

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Despite the Ukraine conflict and economic headwinds, Lufthansa Cargo forecasts strong performance in 2023

Lufthansa Cargo had an adjusted operating profit of €1.6 billion ($1.7 billion) in 2022, but management anticipates a decline in demand and yields this year, leading to a drop in profitability. The cargo sector's success can be attributed to new aircraft, airfreight experience, technological advancements, and a focus on specialty products with higher costs. Lufthansa Cargo plans to expand its fleet, enhance digital interfaces, and sustain profitability despite the decline in demand.

03/06/2023

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How Qualle's street turn solution yielded $1.5M in profits

Check out this exciting news from container logistics startup Qualle! They've secured $1.5 million in pre-seed funding to increase container usage at U.S. and Canadian ports. Qualle is revolutionizing the way empty containers are managed within the drayage industry, making it easier for truckers and exporters to access street turn opportunities and trades. With partnerships with ocean carriers like Maersk, Hamburg Sud, and COSCO, Qualle is quickly becoming the go-to location for reliable container logistics.

03/06/2023

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U.S. Service Sector Growth Brings Major Shifts to International Supply Chain: Stay Informed

Stay Ahead in the Evolving Market! Get ready for changes in finance and investment as the U.S. service sector grows. This growth is affecting the international supply chain and may lead to changes in trade. Stay informed on the latest developments and their impact on the international supply chain, import/export, and your investments. Unleash the power of information and stay ahead of the game.

03/03/2023

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USA Export & Import to Benefit as Vietnam Joins World Logistics Passport Network

The World Logistics Passport (WLP) program has recently signed agreements with the Vietnam Logistics Business Association and the UAE Embassy, marking the official launch of the program in Vietnam. This collaboration between WLP and key players in the Vietnamese logistics industry is set to revolutionize the way goods are transported both domestically and internationally, offering reduced costs, saved time, and support for businesses to eliminate trade barriers. The successful implementation of the WLP program will also facilitate trade and logistics activities between Vietnam and other countries within the program, particularly in African and Latin American markets, offering new opportunities for both importers and exporters. With Vietnam officially on board, the country is expected to play a crucial role in the WLP network as a strategic transshipment and manufacturing center in the region. This development offers great benefits for the USA's export and import industries, providing a more efficient and cost-effective shipment process.

03/03/2023

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Ameriflight Takes Supply Chain to New Heights with Revolutionary Cargo Drone Services

Ameriflight has signed a letter of intent to purchase 35 air cargo drones from Sabrewing Aircraft Company to expand its expedited supply chain services. The Alpha Rhaegal-A cargo drone boasts a 2,000-pound payload capacity and can be powered by traditional and sustainable aviation fuel. The drone's vertical landing and takeoff capabilities and efficient cargo bay will allow Ameriflight to transport cargo quickly to off-airport landing zones and streamline shippers' warehouse distribution networks. The delivery of the Alpha aircraft is expected to follow Type Certification, which could be as early as December 2024. This is Ameriflight's second drone purchase agreement this year, as the company seeks to diversify its aviation services and explore new business opportunities in logistics.

03/02/2023

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Don't Get Caught in the Middle of a UPS Strike: FedEx Advises Shippers to Switch

FedEx has advised its customers to shift their shipment volumes from rival carrier, UPS, ahead of a potential strike this summer. To prioritize volumes, FedEx is advising customers to onboard their volumes by March 31st. The contract between UPS and the Teamsters is set to expire on July 31st, and if an agreement is not reached, a strike may occur. FedEx has warned its customers that in the event of a strike, no single carrier can absorb all of UPS' package volume. Industry experts suggest considering a multi-carrier strategy instead of relying on one major company. FedEx has stated that it will prioritize volume from its currently and actively shipping customers in the event of a demand surge. FedEx has been dealing with volume declines and has implemented cost-saving measures such as layoffs and reductions. National contract negotiations between UPS and the Teamsters will begin in April.

03/02/2023

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Manchester Company Recognizing Employee Contributions with Unprecedented Gratitude: Free Day Off for Everyone on Employee Appreciation Day 2023

The article reports that Sellick Partnership, a professional services recruitment firm based in Manchester, UK, is increasing the scope of its employee appreciation event for Employee Appreciation Day. In the past, the company has provided early dismissal and lunch for its employees, but this year it is providing the entire workforce with the day off. The company's managing director, Jo Sellick, emphasizes the importance of providing a positive work environment and recognizes the role of his employees in the company's success. Sellick Partnership hopes to continue to focus on a supportive work environment that empowers its employees. The article concludes that Sellick Partnership's approach to employee appreciation and work culture should serve as an inspiration to other companies seeking to attract and retain top talent.

03/02/2023

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Electrifying Opportunities: The 2 EV Stocks That Could Shock Investors with Skyrocketing Returns!

Investors in electric vehicle (EV) stocks were hit hard last year despite record profits. Tesla's shares fell by 65%, and investors abandoned these companies due to various factors. However, some investors are returning this year, and shares of both Tesla and BYD have appreciated. BYD has surpassed Tesla as the largest manufacturer of plug-in electric vehicles, delivering almost 1.9 million units in 2022. Warren Buffett's Berkshire Hathaway has invested in BYD since 2008. Tesla plans to boost annual production by approximately 50% for several years. Both Tesla and BYD are seen as having promising futures as electric vehicle adoption increases.

03/02/2023

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Elon Musk Fails to Deliver Affordable Cars as Promised: Shocking Truth Revealed

Elon Musk is set to announce details about affordable electric cars at Tesla's upcoming Investor Day in Texas. Despite past efforts to create an affordable electric vehicle, Musk has yet to produce one that is accessible to the masses. However, he has stated that Tesla is already working on a next-generation vehicle that will be significantly cheaper than current models. The cheapest Tesla car available is the Model 3 standard range version, which costs $42,990 but can be reduced with government incentives.

03/01/2023

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Massive Ohio Train Derailment Raises Concerns over Rail Safety: Urgent Advisory Issued on Hot Box Detectors

The Federal Railroad Administration has released a safety advisory calling on railroads to review their policies and practices for using and maintaining hot bearing wayside detectors, also known as hot box detectors. These detectors are used to measure the temperature of wheel bearings on passing trains. The advisory was issued in response to a Feb. 3 train derailment in Ohio, and suggests that mechanical failure, specifically burnt journal bearings, may have been a contributing factor. Railroads are asked to evaluate HBD data, factor in real-time trend analyses during inspections, ensure proper training and qualification of those who calibrate and maintain HBDs, and seek to improve safety culture. The FRA has identified burnt journal bearings as a possible cause of five derailments since 2021, and highlights the importance of establishing appropriate standards, processes, and procedures for the use of hot box detectors and other equipment. This information is crucial for maintaining railway safety and ensuring reliable railway operations

03/01/2023

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Explosive Growth in Canadian Factory Activity Driven by Improving Demand

The Canadian manufacturing industry showed growth in February, with output and new orders reaching nine-month highs, and declining inflation pressures. The S&P Global Canada Manufacturing Purchasing Managers' Index rose to 52.4, marking the second consecutive month of growth, and the highest level since July. New orders increased to 53.3, while output rose to 52.2. The input price index dropped to its lowest level since July 2020. The positive data was seen as a sign of the health of the Canadian manufacturing economy.

03/01/2023

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Breaking News: FedEx Express Shifting Focus to Urgent Shipments, Outsourcing Less Urgent Deliveries to Third-Party Carriers!

FedEx Express has announced that it will be outsourcing less urgent deliveries to third-party carriers, while focusing on urgent shipments. This change in strategy is aimed at improving the efficiency and profitability of the company's delivery services. The move is expected to offer a better customer experience for time-sensitive deliveries, while also reducing operational costs for less urgent shipments.

02/27/2023

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Alibaba and NetEase Share Prices Tumble as Q4 Earnings Disappoint Wall Street

After announcing fourth quarter losses, the stock prices of many Chinese technology companies, notably Alibaba and NetEase, fell significantly. As a result of price wars and international tensions, the Hang Seng Tech Index has fallen 16% from its January peak. The situation has become even direr as a result of rising tensions between the United States and China over the war between Russia and Ukraine. The China equities strategist at Bank of America has said that the current status of China's internet is more top-down and influenced by geopolitics. Financial results from Li Auto, Weibo, Nio, and Bilibili are anticipated to be released next week, and many industry experts have pointed to the necessity for increased openness in the IT sector in light of the continuing threat of price wars.

02/27/2023

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The Revolution in Logistics: How Technology is Changing the Game for Logistics Providers

The logistics sector is undergoing rapid technological change. These shifts are driven by automation, real-time monitoring, and a concentration on the client. Automation lessens the need for human involvement, which in turn expedites and improves the accuracy of logistics. With the use of real-time monitoring made possible by the Internet of Things (IoT), logistics companies can keep tabs on shipments' whereabouts and statuses in order to provide reliable arrival estimates and address any problems that may emerge promptly. Mobile technology and e-commerce have increased customer attention by allowing customers to place orders online, track their shipments, and communicate directly with logistics providers. To remain competitive, save costs, provide consistent service, and delight consumers, businesses need to use cutting-edge logistics solutions.

02/23/2023

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ILWU-PMA Contract Negotiations Cause Cargo Delays and Raise Shipping Costs

Pay attention, to all carriers, and shippers! Do you find that your shipment volume slows down at West Coast gateways when the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) negotiate a new contract? We have the most recent information on the status of negotiations between the two parties, so you don't have to worry. The PMA and ILWU issued a joint statement confirming their progress and expressing confidence that they will reach an agreement on the remaining points, though they declined to provide any details. As a precaution against the possibility of a work stoppage, some of the cargo is being redirected to ports on the East Coast and Gulf Coast, where competition is high.

02/23/2023

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New Cross-Border Road Freight Line Connects Henan and Moscow in Revolutionary Trade Route

Looking for a game-changing new trade route that will help you save money and time on transportation? Look no further than the first cross-border road freight line between Henan and Moscow! This new Transport Internationaux Routiers (TIR) line enables vehicles with TIR certificates to cross borders between member countries with ease and at a lower cost. With 77 countries already on board, it's a fantastic opportunity to tap into the brisk China-Russia trade. The new TIR truck service complements the China-Europe freight train and allows for faster delivery times. So, don't put it off any longer! Take advantage of this innovative new trade route today and discover the possibilities it can open up for your company. Read the full article right now to learn more and get started.

02/23/2023

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Sony and ONE Unveil Plan for Game-Changing 'Smart Container Solution' in Major Announcement

Ocean Network Express (ONE), a global container shipping company, has partnered with Sony Network Communications Europe to develop a "smart container solution" for its entire fleet of shipping containers. The technology will enable the development of "technology-enabled containers" and provide real-time updates and reliable shipping data to customers. The aim is to improve the visibility and efficiency of ONE's container fleet, facilitating faster, proactive decision-making and enhancing the quality of service for customers. The partnership also aims to push the limits of logistics technology and establish a new standard of process excellence in the shipping industry. The merger of three Japanese shipping companies formed ONE in 2017. The joint venture will be a significant step towards a new era of container shipping with the help of innovative technology.

02/22/2023

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Biggest Layoff Yet: McKinsey to Cut 2,000 Jobs, Shocks Business Community - Bloomberg News

Consulting giant McKinsey & Co. is planning to eliminate around 2,000 positions in one of its largest rounds of layoffs, according to anonymous sources cited by Bloomberg News. The layoffs are expected to focus on support personnel who do not have direct contact with clients, and are part of a revamp of the way non-client-serving teams function. McKinsey's restructuring project, called "Project Magnolia," is aimed at centralizing some of the roles and helping to safeguard the remuneration pool of its partners. This comes after KPMG announced it was laying off about 2% of its American employees.

02/22/2023

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US Ban Looms for Apple Watch Unless President Biden Takes Action

The Apple Watch is at risk of being banned from sale or importation into the United States due to patent infringement claims by medical equipment company, AliveCor. The International Trade Commission (ITC) ruled that the ECG technology in the most recent Apple products infringes on patents owned by AliveCor. The ban could take effect next week unless the Biden administration intervenes to block it. Apple has been accused of cutting out its competitors, stealing their technology, and using their platform power to scale it. The situation is currently awaiting a decision from President Biden, who has the authority to reject the ITC's decision and keep the Apple Watch on the market.

02/22/2023

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Alibaba Stock and Other Tech Peers Experience Pre-Market Trading Decline: Reasons Analyzed

The largest Chinese online retailer, JD.com, is launching a subsidy campaign to compete with PDD Holdings' bargain shopping app. The company's founder, Richard Liu Qiangdong, has criticized upper management for not putting a discount strategy at the forefront, and March will see $1.5 billion in subsidies for JD.com's online and third-party companies. PDD's own subsidy plan has allowed the company to gain traction in China's smaller cities, where prices are particularly important to consumers. Experts predict that the e-commerce industry will see decreased revenues and a time of hyper-competition due to JD.com's competitor approach.

02/21/2023

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Starbucks Workers Accuse Company of Union Busting; Congressman Vows Action

The meeting between Starbucks employees and Rep. Ro Khanna over allegations of union-busting and poor working conditions in Santa Clara, California, has put the company in the spotlight. Starbucks has denied the allegations, but the National Labor Relations Board has found hundreds of labor law violations. Khanna vows to fight for better working conditions and support workers' right to unionize, while some employees fear retaliation from the company. As pressure mounts on Starbucks to recognize unions, Khanna has met with the incoming CEO and plans to hold the company accountable.

02/21/2023

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Japan Reports Modest Economic Recovery but Cautions on Global Slowdown

While exports and manufacturing production fell in February due to the global economic slump, Japan's economic outlook remained unchanged. The government is keeping a careful watch on global monetary tightening, increasing prices, and supply limits, as well as the progress of China's application for COVID-19. While it has taken a hit recently, the economy is picking up steam thanks to growing consumer spending on things like going out to eat, taking holidays, and purchasing automobiles. The Cabinet Office has highlighted a decline in Japanese exports, which is attributable to a combination of factors, including weakening demand in the semiconductor sector and the effects of the coronavirus pandemic in China on manufacturing. Japan's exports to Asian nations have fallen as a result of these issues. According to the most recent numbers from the Cabinet Office, the economic rebound in industrial production has stagnated. Kazuo Ueda's selection as central bank governor emphasizes the difficult job of adjusting the bank's ultra-easy policies without jeopardizing the shaky economic recovery.

02/21/2023

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Breaking News: Costco and Target also fell after Walmart's profit forecast

Walmart's stock fell after the company announced higher-than-expected earnings for the holiday quarter but provided cautious estimates for the upcoming year. The company reported 7.3% revenue growth and 8.3% growth in total comparable sales in the US. However, the company cautioned that consumers are under significant stress. Walmart's adjusted operating income rose by 6.9%, and the company forecasts future net sales growth of 2.5% to 3.0%. Walmart's shares fell by 3.89% to $140.88, with Target and Costco's shares also declining.

02/21/2023

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Elon Musk Warns of the Impending Perils of Artificial Intelligence at Global Government Conference in Dubai, Highlighting AI Platform ChatGPT as a Cause for Concern.

During the Global Government Conference in Dubai, Elon Musk warned of AI's dangers while discussing OpenAI's ChatGPT platform. Musk, who co-founded OpenAI, thinks unregulated AI growth threatens humanity. He stresses the necessity for rules and regulations to limit AI research and development, which he calls more hazardous than cars, aircraft, and medical care. Google and Microsoft are investing heavily in AI, as seen by ChatGPT's growth. Artificial intelligence has great potential for good, but it must be controlled to safeguard civilization.

02/20/2023

967 views
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How Chatbots Will Change Logistics

How Chatbots Will Change LogisticsIn the fast-paced world of logistics, time is of the essence. Chatbots can improve customer service, staff management, business analysis and cost optimization. The use of chatbots is the future of logistics and should be implemented in all businesses, says WCL.

02/16/2023

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What does Russia export to the US?

The United States and Russia are two of the world's largest economies. Russian exports to the U.S. include a wide range of products, from natural resources to industrial materials. Crude oil is the second largest Russian export to the US, accounting for over $7 billion in imports. Refined petroleum products, such as gasoline and diesel fuel, are some of the largest Russian exports.

02/16/2023

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Top 10 Tech Trends in Smart Manufacturing for 2023

Smart manufacturing is the future of the manufacturing industry. The introduction of 5G networks will improve connectivity for smart manufacturing. Blockchain technology will provide secure, transparent, and decentralized records of manufacturing processes in the future. Smart manufacturing is set to undergo significant changes in 2023, with technology trends like IoT, AI, AR, and VR leading the way. Digital twin technology involves creating a virtual replica of a physical asset, such as a machine or product. Edge computing involves processing data locally, at the edge of a network, rather than sending it to a central data center. As smart manufacturing systems become more connected, cybersecurity will become increasingly important.

02/16/2023

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Tech News: Announcing the Release of CircuitPython 8.0.0!

CircuitPython's developers have recently issued a major upgrade to the program. This is the software's ninth substantial upgrade since its first release in 2017. Only the Wi-Fi radio is compatible with the Raspberry Pi Pico W as of version 8.0.0, although this is the first release to support the radio's Bluetooth capabilities. Pre-built binaries for all supported boards are available for download from the GitHub repository.

02/07/2023

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Tech News: The Microsoft Edge web browser has an artificial intelligence "copilot" built in.

The "AI-powered copilot" function will be included in the next edition of Microsoft Edge. Bing might be included to help you find specific information in a document. The popular conversational AI ChatGPT served as an inspiration, and this new system promises to be both more powerful and search-oriented.

02/07/2023

7767 views
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Tech News: ChatGPT vs. Bard: BofA believes Google is 'well equipped' for the AI fight

Investors are scrambling to acquire more shares in AI-focused businesses. Google is using artificial intelligence as part of its continuing search engine improvements. Meta Platforms intends to expand its artificial intelligence capabilities. Baidu completed testing on an artificial intelligence project similar to ChatGPT and Bard.

02/07/2023

881 views
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Devastating News at Dell: Over 6,500 Jobs to be Cut in Massive Layoff

Dell, a leading computer company, is undergoing layoffs, with plans to cut approximately 5% of its workforce due to the uncertain global economic situation and declining PC sales. The company joins a growing list of tech firms, such as Amazon, Microsoft, and Google, that have announced layoffs in response to the challenging business climate.

02/06/2023

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Earthquake Rocks Buffalo, New York: Strongest in 40 Years - Latest Updates

Buffalo Shaken by Minor Earthquake This Morning, No Major Damage Reported

02/06/2023

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Chatting with ChatGPT: The Rise of Language AI Models

Natural Language Processing (NLP) is one field of Artificial Intelligence (AI) that has witnessed tremendous growth in recent years (NLP). ChatGPT, developed by OpenAI, is one of the prominent models in this sector. In this essay, we will look at the rise of ChatGPT and what makes it so unique.

02/03/2023

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Breaking News: Biden Administration Halts Export Licenses to Huawei - Get the Latest Updates

The Joe Biden administration has stopped issuing licenses to US companies to export most goods to Huawei, including technology such as 4G, 5G, AI, and cloud computing. This has had a significant impact on Huawei's sales.

02/03/2023

1143 views

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