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When it comes to arranging logistics, small and medium-sized enterprises are at a huge disadvantage: They pay substantially more for identical shipping services compared to Fortune 500 companies, purely due to volume-based pricing structures.
The changes to global trade and supply chains driven by factors including technology and geopolitical risks are likely to persist over the long term, according to FedEx Corp. Chief Executive Officer Raj Subramaniam.
The Port of Los Angeles is on pace to process 10 million twenty-foot equivalent units (TEUs) in 2025, which would be just the third time the shipping hub has reached that benchmark in the course of a year.
The Panama Canal Authority is offering shippers a more flexible system for booking passage through the waterway so that customers can better align transit with changing market conditions.
Every year, trillions of dollars’ worth of goods move through global trade routes that rely on container shipping. Yet despite its central role, the industry still relies on paper-based systems to manage a surprising number of processes.
Companies worldwide are rethinking their supply chains to make them more efficient.
AD Ports Group’s negotiations to acquire the operating rights for a port in western Turkey have failed, a Turkish official said, marking a blow to the country’s ambitions of attracting investments from the United Arab Emirates.
Analyst Insight: Companies can reduce greenhouse gas emissions in their global logistics by exploring alternative fuel options across various transportation modes, understanding the geographical potential for leveraging these fuels, and recognizing the importance of accurate emissions reporting.
Contract negotiations between shippers and carriers hang in a delicate balance, caught between priorities and expectations, with both parties striving to secure terms that will not only support their individual goals but also foster a long-term, mutually beneficial relationship.
Ikea is testing out a new online store allowing customers to buy and sell its secondhand furniture.