Think about the last time you ordered a product from abroad. Maybe it was a beautifully crafted leather bag from Italy or a unique gadget from Japan. You tracked your package eagerly, but when it finally arrived, a surprise awaited—an unexpected customs bill, just to get your hands on your eagerly anticipated purchase. Now, imagine…
Drones, once primarily associated with military or recreational use, are poised to revolutionize the freight forwarding industry. As technological advancements continue to push the boundaries of what drones can accomplish, these aerial vehicles are becoming a crucial tool in the logistics supply chain. From enhancing last-mile delivery to optimizing warehouse operations, drones are set to…
The ocean freight shipping industry is currently experiencing a profound upsurge in rates. For the first time since the lockdowns of 2020, container shipping rates are nearing record highs, driven by a confluence of factors. These include limited container supply due to rerouting around the Red Sea, robust demand across multiple regions, and significant operational…
As we are approaching the end of the first quarter of 2024, now is an opportune time to delve into the latest developments within the container shipping industry, which significantly impact the global supply chain. This article serves as a comprehensive overview, offering insight into major logistics news shaping the freight forwarding industry landscape worldwide….
The Ocean Alliance, the largest ocean freight shipping alliance comprising leading carriers, has extended its agreement by five years, reinforcing its commitment to partnership and collaboration. On February 27th, the CEOs of carriers like COSCO Shipping, OOCL, CMA CGM, and Evergreen met in Shanghai to sign a MOU agreeing to extend the OCEAN Alliance until…
Since November, Yemen’s Houthi rebel group has been targeting vessels passing through the Strait of Bab al-Mandab. This strait is a 20-mile (32km) wide channel that separates northeast Africa from Yemen on the Arabian Peninsula. The Strait of Bab al-Mandab is a critical maritime chokepoint, and any disruptions in this area can have significant implications…
The Panama Canal, an engineered water passage connecting the Atlantic and Pacific Oceans, has played a pivotal role in the international maritime industry for more than a century. According to the Panama Canal Authority (ACP), it now serves as a conduit linking nearly 2,000 ports across 170 countries, with the United States, China, and Japan…
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,…
As we welcome the new year, it is a good time to glance through some of the top transportation and logistics news that have a bearing on the international supply chain. This post will help you start the year with a precise idea about some of the most important logistics news from across the world….
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…