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…
In the intricate web of global trade, container shipping routes serve as the essential arteries, ensuring the seamless flow of goods across continents. These maritime highways, bustling with colossal vessels, connect the world’s major economic hubs and facilitate the movement of everything from everyday commodities to cutting-edge technology. According to the International Maritime Organization, the…
Summer presents unique challenges for the logistics industry and the situation has become all the more threatening because of the heatwave conditions in a large number of countries. High temperatures, increased road traffic, and potential weather disruptions can affect the safety and efficiency of road freight operations. For logistics companies, logistics companies must implement comprehensive…
The Cooperative Logistics Network’s 7th Annual Meeting, which brought together over 200 freight forwarders from around the world in Bali, has successfully concluded. With the freight forwarders conference behind us, it’s now crucial to develop an effective follow-up plan to initiate work on upcoming projects. The key to expanding operations lies in engaging in one-on-one…
As a member of one of the best freight forwarding network, your primary goal should be to expand your reach by forming partnerships with the most reliable agents worldwide. Networking is a crucial component for independent freight forwarders, enabling them to discover new business opportunities and enhance their brand presence. Active networking also facilitates the…
Digitalization has become the driving force revolutionizing the shipping and freight industry, ushering in a new era of efficiency and safety for cargo and cargo handlers alike. Despite the strides made in adopting technology to enhance operations, there is still room for improvement in the transportation of logistics industry and substantial number of freight forwarders…
China’s transportation and logistics sector is expected to expand significantly in the coming years, with a projected compound annual growth rate (CAGR) of over 6% from 2022 to 2027, according to a recent Research and Markets report. This growth is fueled by robust government regulations, extensive infrastructure including road, rail, and transportation networks, a vast…
Gartner forecasts that supply chain companies will see a notable rise in machine automation within their operations over the next five years, leading to a surge in online freight forwarding services. Additionally, the use of AI principles and analytics has spurred the growth of IoT in supply chain management. The transportation and logistics industry encompasses…
The growth and success of a logistics company is heavily reliant on two crucial factors: its proficiency and experience within the industry, and its ability to engage with individuals and provide top-notch solutions. Consequently, aspects like networking and adept contact management become vital tools that can empower independent freight forwarders to establish their presence in…
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….