The transportation and logistics industry is finally waking up to the call of digitization. The freight forwarding industry is presently undergoing a major change in their business models keeping in line with the new market trends and customer demands. However, digital transformation doesn’t simply entails the creation of an IT team and investments on new…
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 city of Barcelona, in North-eastern Spain, is emerging as the nerve centre of economic activities in Southern Europe. Located on the coasts of the Mediterranean, this city is famous for its industrial tradition, diverse economic activities, and dense commercial fabric. The international economic activities of this city are driven by its port, airport, the…
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…
Uber Freight has acquired logistics tech company Transplace from TPG Capital for around $2.25 billion. As one of the most talked-about merger in the transportation and logistics industry, this acquisition will create one of the strongest supply chain tech platforms, with the largest and most integrated logistics network globally. According to Uber Freight CEO Lior…
Digitization in the logistics industry has accelerated the work processes and ushered in dynamic changes in client expectations and market structure. It has made data much more accessible and the increasing use of technologies like IoT or Blockchain have interconnected all the various logistical processes. This is allowing logistics managers to control the entire supply…
The sea freight shipping industry is responsible for moving more than 80% of the international commodities. However, in the aftermath of the pandemic, the ocean cargo industry is witnessing a record high price for containers. The ongoing port congestion, pandemic-related delays, high demand for goods, container and equipment shortage, and an overall lack of capacity…
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…