Trade costs could fall by an average of 14 per cent as a result of the World Trade Organisation’s Trade Facilitation Agreement, which has come into force after the number of countries ratifying the deal topped the threshold of 110. Full implementation of the TFA is forecast to cut members’ trade costs by an average […]
The first inkling I had that robots were more than simply science fiction came in 1979 – it was a TV commercial (see below) for the Fiat Strada which ran for two full minutes and showed the car being assembled by these amazing machines. Of course, it helped that the ad had been made by […]
DHL Express is launching its on demand delivery service in Sub Saharan Africa. The service is now offered in South Africa, Kenya, Nigeria, Ethiopia, Mauritius & Tanzania. The service, designed for international e-commerce deliveries, will be extended to several other countries in the region throughout the year. The service enables shippers to activate specific delivery […]
Freight logistics, transport and global passenger travel company SNCF has chosen FuturMaster’s demand management software. The French business chose the programme to manage its forecasting for replacement parts used for the maintenance of trains at its 38 technical facilities. “Planning for spare parts and maintenance on trains is a very complicated business,” said Servane Morin-Badier, […]
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Amazon has patented the transport of goods from drones to homes via parachute. This comes soon after the e-commerce giant patented an airborne fulfilment centre designed for service deliveries made by drones. Amazon’s visual description of the plan. Amazon outlines plans in the patent for a package delivery system that can “forcefully propel a package […]
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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?