The trucking and freight industries, which experienced unprecedented growth during the COVID-19 pandemic, are now facing a challenging period as freight volumes return to pre-shutdown levels. According to Craig Fuller, president and CEO of FreightWaves, a supply chain media company, the current market conditions are worse than the financial crisis of 2007-08. Fuller predicts that […]
Updated Analysis Reveals EU Commission’s Inadequate Approach to Heavy-Duty Vehicle Emissions Transport & Environment (T&E) has released an addendum to their 2022 publication on addressing the climate challenge posed by heavy-duty vehicles (HDVs). This update incorporates the European Commission’s recently proposed review of CO2 standards for HDVs, published in February 2023. The analysis examines the […]
The global cargo charter and freight service market is driven by major manufacturers and presents a competitive landscape for the industry. Key companies such as Atlas Air Worldwide Holdings, Cathay Pacific Airways Ltd., Air Transport Services Group Inc., Air Charter Service, Garuda Indonesia, CEVA Logistics, Geodis Freight & Logistics Services, RATP Dev, and Transdev Group […]
According to a research report published by Spherical Insights & Consulting, the Global Air Cargo Container Market is projected to grow from USD 1.59 Billion in 2022 to USD 2.28 Billion by 2032, with a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period. Air cargo containers, also known as Unit Load Devices […]
The freight market in the United States has witnessed noticeable changes in regional outbound demand, indicating a shift in supply chain dynamics. A comparison with June 2019 reveals a significant redistribution of freight towards the Eastern half of the country, based on shippers’ requests for capacity (OTVI). Notably, the Southwest region, including Texas, has experienced […]
Shippers currently hold the upper hand in the freight market as spot and contract rates soften. However, industry experts predict that rates will stabilize throughout 2023. Analysts point out that shippers have gained significant market power, leading to declining contract rates. While spot rates have already reacted, contract rates are expected to decrease for at […]
The FDA has recently published a set of new frequently asked questions (FAQs) and additional tools to assist the industry in understanding and complying with the FDA Food Safety Modernization Act (FSMA) Food Traceability Rule. The primary objective of the Food Traceability Rule is to streamline the identification and swift removal of potentially contaminated food […]
Implementing supply chain planning and operations solutions requires careful planning and collaboration to achieve success. Organizations must identify their desired outcomes and align them with their solutions provider. Here are five crucial practices that supply chain and business leaders should incorporate to ensure a smooth implementation process and avoid potential challenges. Collaborate with vendors to […]
The Customs and Border Protection (CBP) has announced the release of its highly anticipated final rule regarding continuing education for licensed customs brokers. This rule establishes a framework for implementing the requirement of ongoing education for individual customs broker license holders. According to the Federal Register notice issued by CBP, the objective of this framework […]
The Customs and Border Protection (CBP) office at the Los Angeles International Airport (LAX) has introduced a convenient solution for customs brokers, carriers, and freight forwarders seeking overtime appointments for agricultural inspections of perishable cargo entering the United States via air. These stakeholders can now utilize the CBP One Mobile Application, which serves as a […]
