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 Cooperative blog
Category: Logistics news
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…
Current trends in the sea freight sector: the implications of the drop in ocean freight rates
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…
How China is coming up as a global leader in the logistics industry
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…