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 Cooperative blog
Category: Logistics news
Navigating the Surge in Ocean Freight Shipping Rates: Insights from Container xChange
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…
Latest Container Shipping Industry News that Independent Freight Forwarders Should be Aware of
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 Extension of Ocean Alliance and How It will Benefit the Ocean Freight Industry
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…
The Red Sea Shipping Crisis: A Comprehensive Guide for Ocean Freight Forwarders
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 Drought and its impact on the international maritime industry
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…
Freight rate outlook for 2023
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,…
Transportation and logistics news to watch out for at the start of the year
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….
The fall in air cargo demand in the last quarter of 2022
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…
How the launch of 5G will revolutionize the transportation and logistics industry
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…