Last year, the cargo ship Felicity Ace carrying Porsches, Lamborghinis, and Bentleys caught fire and sank. Volkswagen confirmed that the losses which amounted to over $300 million would be covered by cargo insurance. This is not an isolated incident. Even just a month back, the container ship Pacific Express lost 10 containers overboard due to…
The transportation and logistics sector went on a bumpy ride in the last couple of years because of the rising rates, overstretched capacity, equipment and labour shortage, rising fuel prices and several other factors. This year can offer some respite when it comes to the freight rates because of the falling demand for goods. Nevertheless,…
Fleet management has become one of the most popular digital trends for companies of all sizes. Starting from small and mid-sized retailers with a couple of vans to big freight forwarding companies with thousands of trucks making national and international deliveries, the use of fleet management systems has become imperative when it comes to maximizing…
Although the winter peak shipping season has arrived, the air freight industry is facing a reduced demand because of several factors without any possibility of a quick turnaround. International demand for air freight measured in cargo tonne-kilometres fell by 10.6% compared to last year. In today’s post, we have provided you with a brief report…
Digitization has greatly influenced every sector of the container shipping industry and naturally, the major seaports around the world have started automating their operations and transforming themselves into smart ports. Simply put, smart ports apply digital technology to boost their competitiveness and integrate with contemporary tech platforms. Smart ports are helping to facilitate a global…
With the introduction of 5G mobile broadband in various cities around the globe, the transportation and logistics industry is all set to enhance its operational efficiency. 5G network will majorly boost the IoT (Internet of Things) communications while allowing for faster data speed, lower latency, and enhanced slicing. Moreover, with 5G the shipping process from…
The container shipping industry which forms the backbone of the global economy is undergoing a significant change to cut down on its greenhouse gas emissions. Back in 2018, UN Maritime Organization set a target to reduce carbon emissions by at least half in the next 30 years. Decarbonization has become a top priority of global…
The sea freight industry is presently undergoing a drop in ocean freight rates because of a fall in consumer demand. Although this had been predicted a while back by maritime experts, the rate of fall is much steeper than previously anticipated. In fact, the logistics companies have reported a drop in ocean freight orders by…
The use of intermodal containers has brought about a significant transformation in the transportation and logistics sector. The intermodal containers are different from other shipping containers since they are generally used in a range of transportation modes. These kinds of containers are deemed ideal for long-distance transportation and can minimize fuel expenditure by saving up…
China has significantly contributed to enhancing global connectivity with the Belt and Road Initiative which has had a tremendous impact on the transportation and logistics industry.The BRI has helped to boost international trade by creating a massive transportation network covering sea, road and rail successfully integrating several countries into the global supply chain. During the…