The market size of the transportation and logistics industry could register a CAGR of over 4% between 2021 to 2026. This is mainly because of the rise in global trade volumes coupled with the increased trade agreements across nations. As per research by Valuates Reports, the market size of the freight forwarding industry will reach…
The tremendous growth of consumer demands for commodities has made the sea freight shipping industry a pivotal support system for trade and commerce all over the world. As per a report by the UNCTAD, over 80% of international trade is carried on via sea freight thus making it the backbone of international trade. However, since…
The sudden hike in the air freight charter prices has taken the air freight industry by storm. As the peak holiday season is drawing close, air freight forwarders all over the world are trying to deal with the skyrocketing prices. The industry experts are predicting ‘big chaos’, sky-high prices, and a shortage in capacity just…
The acute driver shortage in the UK has taken a toll on the manufacturing, and retail industry. Brexit is somewhat responsible for the shortage of HGV drivers while the Covid-19 further delayed the influx of new drivers from other European countries. Moreover, the shortage of nearly 400,000 HGV drivers across Europe is putting tremendous pressure…
Like every other mode of transportation in the logistics industry, the air freight sector was also severely impacted by the pandemic. On the one hand, it was battling with the restrictions on operations, while on the other hand, the demand for air freight services has soared. According to IATA, the demand for air cargo reached…
One of the most important news from the container shipping industry in the last week is the integration of container carrier giants ONE and Hapag-Lloyd with Maersk’s TradeLens platform. This move comes two years after the two carriers expressed their willingness to join Maersk’s blockchain platform. TradeLens is a blockchain-enabled supply chain platform launched by…
After more than one month of logjams and disruptions because of a renewed outbreak of Coronavirus, in and around Shenzhen, the Yantian International Container Terminal is finally ready to resume regular operations. This major port in South China has restarted full operation since 24 June. However, they are observing all measures to control the pandemic…
America’s second-largest pharmacy store chain has recently announced same-day delivery within 2 hours across the country. This announcement that came on the 4th of May is expected to greatly boost the e-commerce offerings of Walgreens. Moreover, it will allow the company to entice online shoppers to avail their prompt, and convenient services. In today’s post,…
The problem of lost containers Recent researches suggest that over tens and thousands of shipping containers are lost in the ocean on a yearly basis. At the moment, the authorities found tons of containers gliding beneath the waterline. According to a 2020 report by World Shipping Council, roughly 1,382 containers are lost in the oceans…
With the United Kingdom getting all ready to say goodbye to the European Union without any deal, the logistics sectors need to brace themselves by taking certain steps to prevent an unfavourable outcome. For many forwarders, the upcoming changes in administration, economy and customs plus the additional duties being imposed on the cargoes are matters…