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 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 transportation and logistics industry in China has been thriving for the last few years. As per a report from Research and Markets, the transportation and logistics industry in this country will continue to expand at a CAGR of over 6% between 2022 to 2027. The pandemic has only accelerated the growth of the Chinese…
Maersk has recently launched its air cargo division in response to its customers’ demand for international air freight services. They have selected Billmund – the 2nd largest airport in Denmark as its freight hub thus generating many jobs in this area. Maersk aims to move at least one-third of its yearly air freight via its…
International Maritime Organization, IMO, has recently announced the first International Day for Women in Maritime to address the problem of gender imbalance in the maritime industry. IMO is a specialized agency of the UN that is responsible for regulating the shipping industry. This First International Day for Women In Maritime on 18th May 2022 provided…
Following the war in Ukraine, fuel costs have risen at an unprecedented rate. This has posed a stiff challenge for the road freight shipping industry which is now forced to run on smaller capital and tighter profit margin. Independent freight operators and small trucking companies in the US are the hardest hit by the hike…
Some of the most important players in the transportation and logistics industry have united to accelerate the process of digital transformation in the ocean freight shipping industry. BIMCO, FIATA, DCSA (Digital Container Shipping Association), ICC (International Chamber of Commerce) and SWIFT have signed an MOU for standardizing the digitization of global commerce. Keep reading today’s…
At the start of the new year, Indonesia banned exports of coal as the coal inventories of the country dropped to an all-time low. The country that was so far the world’s biggest coal exporter has put a ban on the exports of all types of coal to avoid a power crisis. In today’s post,…
The immediate aftermath of Britain’s departure from the European Union has resulted in unprecedented hardships for the transportation and logistics industry in both the UK and the EU. As 2021 has come to an end the full impact of Brexit on transportation and logistics is becoming apparent. As the industry started to recuperate from the effects…
As the peak shipping season draws near, the spot rates for Asia to Europe have increased by a whopping 30%. The shutdown of the Yantian Port in the second quarter of this year followed by the Coronavirus outbreak at the Ningbo Port in China witnessed massive disruption and capacity losses. The repercussion of the disruptions…