Four industry leaders took on the challenge of analysing the impact of the UK leaving the European Union, on the first day of the European Logistics & Supply Chain Conference in Brussels. The panellists were: Pauline Bastidon, head of European policy at the FTA; Mohamed El Sery, director of supply chain at Vimpelcom; Patrick Van […]
Container shipping lines are set to lose $5 billion this year, according to shipping consultancy Drewry. However, it expects profitability to recover next year thanks to improving freight rates and slightly higher cargo volumes. In its annual Container Forecaster and Review, Drewry described Hanjin’s receivership as the trough of the market. Worse than expected second […]
Kuehne + Nagel increased operating profit (EBITDA) by 5.1 per cent to CHF 817m (£675m) for the first nine months of the year, despite a slight fall in turnover to CHF 12.2 billion (£10bn). Gross profit in contract logistics increased by 6.4 per cent compared to the previous year and EBIT improved from CHF 86 […]
Robotics, virtual reality, artificial intelligence and machine learning are going to change the future of grocery retail, more than half of senior executives believe. In fact, many say that it is already happening. The assertion is based on interviews with 750 grocery directors in the USA, UK, Germany and France, by Blue Yonder, which supplies […]
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The world’s first emergency drone delivery service has been launched in Rwanda. The Rwandan government will now make up to 150 on-demand emergency deliveries every day to 21 transfusing facilities in the west of the country. Zipline drone. The drones and delivery service were developed and will be operated by California-based robotics company Zipline. The […]
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Volumes and demand continue to be low with no signs of improvement any time soon. As larger carriers struggle with YOY losses for the second quarter in a row, LTL is trying to remain tight-lipped about possible causes of weak demand. Concerns and questions are being raised as to how the carriers will respond to this downturn. The cost of living is on the rise and as inventories are sold off from the congestion dating back to March of 2015, demand may soon be on the rise again. Carriers are not adding in new trucks to their fleets, which could cause issues in the long run if demand goes back on the rise again.
The announcement of Hanjin's bankruptcy last week has shocked the ocean network and raised questions and concerns from shippers throughout the world. Many containers are at a standstill, several ships are anchored off shore, and some crews are without food and water until a resolution is found. South Korea's government and some carriers have offered to take up parts of their debt in order to process orders and gain some market share from Hanjin. Unfortunately, their financial losses and debts have forced ports to turn their cargo away until contracts are solidified and a resolution is found. While it's no surprise that some stand - alone carriers like Hanjin are folding, what events led up to their demise, and how will things affect shippers in the future?