2018 was a banner year for the trucking industry, with an increase of 14% in annual revenue over the previous year, totaling over $796.7 billion. 2019, however, was the opposite story; nearly 800 trucking companies ceased operations last…
The International Air Transport Association (IATA)’s Smart Facility Operational Capacity (SFOC) program has been officially launched as of December 2019. IATA designed the SFOC program to enhance the cargo handling process by standardizing global cargo handling operations, in addition to…
Another year has arrived, and it’s time to look at what 2020 may have in store for the ocean freight industry. Here are the biggest trends to watch, according to experts, as well as some major factors that…
As 2019 comes to a close, experts are sounding off on their predictions for the trucking industry in 2020. Unfortunately, these predictions aren’t too positive, as many expect 2020 to be a “tough year” for U.S. trucking. However, it isn’t…
Legal marijuana use is becoming increasingly prevalent throughout the United States, as the use of marijuana is now legal for more than twenty five percent (25%) of Americans. Eleven (11) states have already legalized the substance with 20…
Airports Council International (ACI) World has released its latest World Airport Traffic Report, 2019 edition, this September. The report reviews 2018 data to detail airport operating and traffic trends in major markets around the world. In the report,…
Incidents at port terminals are an ever prevalent concern in the ocean logistics industry. From ships colliding, causing containers to fall into the sea, to fires and explosions, major incidents not only have a negative impact on the…
The U.S. trucking industry is currently weathering a challenging market, as truckload prices are being driven downward. The truckload producer price index (PPI) has now declined sequentially for two consecutive quarters, which means trucking companies are having to…
Brexit continues to have a daunting effect on the air freight industry, particularly as the waiting period is being drawn out further and further; the deadline for the U.K. to leave the EU has now been extended a…
As the global shipping industry has a rather large environmental footprint – contributing to around 2%of carbon dioxide emissions worldwide – reducing this impact has been a critical objective for regulators. The International Maritime Organization (IMO), the global…
