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POLA reported that total October volume, at 905,026 TEU (Twenty-Foot Equivalent Units), marked a 25% annual increase, for a new all-time monthly high, while also being the fourth straight month the port has topped the 900,000 TEU mark, for the first time in POLA history.
Global Logistics: Challenges in our changing world
What a year. The COVID-19 pandemic set in and made a massive impact on global trade and amplified existing logistics challenges around the world; lockdowns triggered rapid growth in e-commerce, putting additional strain on already strained freight networks; and a last-minute Brexit deal was finally reached following a few chaotic weeks at the UK border.
Top 30 Ocean Carriers: Riding high on wave of profits
This is a time of highly disrupted supply chains compounded by cascading issues. Yet ocean carriers are riding a high wave of unprecedented record profits. Maersk, now the world’s second largest shipping company, reported second quarter 2022 revenues of $21.7 billion, marking a 52% increase compared to the same period of 2021.
Top 8 Logistics Challenges Facing the Industry
Nov 1, 2017 · According to a third party logistics study by Capgemini, ‘cutting transportation costs’ makes the top of the list as far as concerns for the logistics industry. Some other obvious pain-points make the list as well, but perhaps the most important and at times challenging concern is the need for greater innovations and technology advances while remaining budget-conscious.
XPO Logistics Company Profile - Logistics Management
XPO Logistics services for truckload brokerage and transportation, last mile logistics, engineered supply chain solutions, high-value-add warehousing and distribution, ground and air expedite, less-than-truckload transportation, intermodal, drayage, …
Ocean container rates increase up to four times higher than pre ...
Jul 8, 2024 · Container freight rates are continuing their upward trajectory, with Q3 2024 poised to be one of the most profitable quarters in history. Recent rate increases in July are taking hold, contributing to a significant rise in shipping costs across major routes.
Top 25 Freight Forwarders: Top forwarders continue to sail …
As if 2021 wasn’t bad enough, 2022 is presenting additional layers of disruption to global freight markets with further COVID-related lockdowns, especially in China; Russia’s invasion of Ukraine; exceptionally strong increases in energy prices; heightened competition for talent; and inflation and recession worries that are hitting multiple geographies and supply chains at different ...
Transplace Company Profile - Logistics Management
The July announcement that San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, was acquiring Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider, for roughly $2.25 billion and consisting of up …
Top 25 Freight Forwarders 2023: Bumps ahead for freight forwarders
Sep 5, 2023 · While all major forwarders benefited roughly equally from the market conditions in 2022, Armstrong & Associates, Inc.(A&A) finds in its 2022 ranking of the Top 25 Global Freight Forwarders by gross logistics revenue that 18 of these forwarders achieved revenue gains.(See chart: A&A’s Top 25 Global Freight Forwarders.)
Top 50 Trucking Carriers 2022: Pedal to the metal
Apr 1, 2022 · In the mid-1990s, a trucking entrepreneur named Bob Robertson, then ascending to the top ranks of the industry as chief of Con-way Inc., turned some heads with a statement that every trucking executive should have memorized.