A.P. Moller-Maersk said it would cut back on capacity to combat falling freight rates and rising fuel costs, after the Danish shipping giant reported a weak first quarter that sent its shares down about 8 percent.
Housed in a 19th-century meatpacking plant in Somerville, Massachusetts, Formlabs boasts all the accoutrements of American high-tech success: exposed brick walls and ductwork, a morale-boosting pool table and plenty of young employees hammering away at laptops.
Now that the International Maritime Organization has endorsed a global CO2 reduction strategy, the International Chamber of Shipping is calling on the European Union not to publish data on individual ships' fuel efficiency.
There may be a looming pilot shortage that has developed in the cargo industry over the last decade, but according to a study by the University of North Dakota (UND), there may be some cause for optimism.
It turns out that many chief supply chain officers (CSCOs) are not leveraging their C-suite counterparts to help reinvent the supply chain function and transform it into an engine of new growth models and customer experiences, according to new research from Accenture.
The U.S. and China declared a truce in their trade dispute over the weekend, but that will prove temporary if the world’s two largest economies fail to deliver on their vague commitments to re-balance trade.
An experimental Ebola vaccine to be deployed in an outbreak in Democratic Republic of Congo has conquered some major scientific hurdles in giving high protection, but it now faces extreme real-world tests including heat, humidity, language barriers and lack of roads.
When photos from the megafires that blazed through New Mexico appeared on the screen, several people gasped. The Cerro Grande fire in 2000 burned 43,000 to 48,000 acres and cost Los Alamos National Laboratory $331m, not including productivity. The Las Conchas fire in 2011 cost $15.7m. Then two years later came the flood.
President Trump has personally pushed U.S. Postmaster General Megan Brennan to double the rate the Postal Service charges Amazon.com and other firms to ship packages, according to three people familiar with their conversations, a dramatic move that probably would cost these companies billions of dollars.
Legacy systems often get a bad rap as old software that is outdated and difficult to replace. There has always been a belief that somewhere there exists one superior logistics platform that can replace aging systems and transform technical capabilities, providing an advantage over your competition. But perhaps there’s a better solution — working with a third-party logistics provider that’s already developed a solution.