With container shipping being responsible for moving around 90% of international commodities, the ocean freight industry plays a major role in sustaining the modern economy. However, ever since the pandemic we can see a sharp rise in sea freight rates due to several factors like container shortage, equipment shortage, labour shortage, port congestion, etc. In…
Currently, the supply chain industry in the US is facing a massive disruption because of the shortage of truck drivers. Since the start of the pandemic in 2020, over 6% of truck drivers quit their job and presently this industry requires at least 80,000 new drivers. According to the American Trucking Association, the road freight…
E-commerce started making its presence felt in this industry way back in 2015. Back then multinational online companies started seeking same-day deliveries for their domestic clients and 72 hours deliveries for international clients. Since then, the model of operation has evolved considerably and e-commerce giants are increasingly using cargo planes for moving their shipments. According…
Since the start of last year, there have been over 80 important port construction projects. The net investments in these projects amount to over $39 billion. The new investments came at a time when the global ocean freight shipping industry was reeling under the impact of a pandemic, labour shortage, container shortage, and lack of…
Years of economic development have positioned China as one of the foremost players of international maritime trade. Several factors like enhanced maritime connectivity, government prioritization, development of port infrastructure, etc. have generated fantastic economic benefits for the country. Simply put, in 2022 we are seeing a massive influence of the Chinese ports over the global…
The international digital freight forwarding market is expected to grow from $2920 million in 2020 to $22920 million in 2027 at a CAGR of more than 23%. Automation of manual processes has become of the major drivers leading to the growth of companies across all sectors. Moreover, the expansion of e-commerce and the increase in…
With the port congestion, container shortage, skyrocketing demands, and increasing freight costs, the shortage of products still has not abated in the first quarter of 2022. It has become abundantly clear that time alone isn’t going to solve the problem of supply chain disruption that started with the pandemic. The transportation and logistics industry needs…
Industries across all sectors around the globe are combating the supply chain disruption caused by the pandemic in the last two years. Following the unprecedented challenges faced by our industry in the last year, the transportation and logistics sector is now bracing up to adapt to the various logistics trends. This sector is presently optimizing…
2021 has been an important year for the transportation and logistics industry that was beset by port congestion, delays, equipment shortage, and, of course the pandemic. Nevertheless, on the bright side the freight forwarding industry also embraced new modes of operations and digitized their work processes to cope with the increasing challenges and has become…
Last week, the container shipping industry was abuzz with excitement regarding the news of the world’s first electric autonomous cargo ship. Over the last decade, the idea of self-driving vehicles has transformed from a Sci-Fi project to reality. Now the transportation and logistics industry is waiting for the next giant leap- viz the introduction of…