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…
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…
While 2018 brought record profits for the U.S. trucking industry, the outlook for 2019 is not quite so optimistic. Although the trucking sector is expected to grow in the coming year, that growth will be considerably less than…
As with all logistics industries, air freight is now facing the disruption of digitalization. Although digitalization offers significant benefits, from cost cutting to enhanced efficiency, many air freight forwarders have been slow to adopt digitalization in their own…
Digitalization in the ocean freight industry is gathering momentum in 2019. According to a survey conducted by iContainers in 2018, which surveyed 200 shippers regarding the ocean freight industry and the digitalization of its services, 67% of shippers have…
