Robots are now rumbling along London’s streets delivering goods to people, and the company behind the initiative will be explaining how it’s done at the Omni-Channel Conference in London in September. Sandra Sooläte, head of UK operations for Starship Technologies, will look at the future of robotics in logistics; the benefits and challenges of using […]
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World leading robotics and automation suppliers are lining up to exhibit at the Robotics & Automation Exhibition which takes place at the Milton Keynes Arena on 11-12th October. The event offers visitors the opportunity to discover how the latest technologies can improve efficiency, and reduce costs. These are just some of the companies that will […]
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The supply chain is experiencing a rather severe labour deficit – and it doesn’t look like it’s about to recover any time soon. In fact, according to The World Bank, the global problem is going either to remain the same, or in the worst-case scenario, deteriorate even further over the next five years. Fixing the […]
DHL Parcel is to open a mega parcel centre in Bochum, in the Ruhr region. By autumn 2019, the new site will handle up to 50,000 shipments per hour. “Our network – with an average of 4.3 million parcels per day – leads the way in Germany when it comes to capacity and quality,” said […]
The shortage of logistics-related labour is a global problem that will either remain the same or worsen over the next five years, according to a new survey by The World Bank, which calls for a major expansion of training and skills development initiatives in developing countries. The new study, authored by Prof Alan McKinnon, Christoph […]
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Air cargo and passenger demand have gone in opposite directions since COVID-19. Air cargo has retained 92% of its business while almost 90% of passenger demand has evaporated because of travel fears and government restrictions. Further improvement in cargo volumes could be capped by the shortage in passenger airlift, despite carriers deploying more dedicated cargo aircraft. Several airlines have recently announced capacity reductions for the end of the year; an indicator of future increases in air cargo rates.
UPS announced their 2021 rate increases which will be made effective in January of 2021. The increases came two months after a FedEx's announcement of its upcoming rate increases.
Both carriers cite the impact of COVID-19 and the surge in residential deliveries as the cause for the overall increase in rates. Specifically, the extremely high demand for capacity as they experience increased operating costs across their networks.
The future direction of ocean freight rates is at a crossroad; there are multiple directions it can go in 2021, and we’ve identified indicators that will drive rates in either direction. All indications are that volumes will stay strong through November 2020, when peak season would normally fade.