New technology from Alibaba Cloud aims to predict when and where large airfreight shipments will be sent each day for a range of forwarders and shippers. Alibaba says its new artificial intelligence (AI) platform, called PAI 2.0, will provide businesses and organizations machine-learning capabilities.
Analyst Insight: Visibility in the supply chain has long been a challenge that supply-chain managers have struggled with, especially when it relates to assets in motion. Fortunately, we now live in a world of constant connectivity, and with that the emergence of applications that enable true real-time visibility to assets or inventory in motion through the support of the Internet of Things (IoT). - John Santagate, research manager, IDC
IT and software company Unisys Corp. announced that it will partner with Australia's government-backed Commonwealth Scientific and Industrial Research Organisation (CSIRO), to develop software and technology that can analyze massive sets of data to identify risks posed by both passengers and cargo.
For those interested in finding a snapshot of global freight pricing from week to week: Meet FIFI. Online freight marketplace Freightos has launched its Freightos International Freight Index (FIFI), a database of more than 250 million price points updated weekly, covering container pricing, price ranges on key lanes, historical pricing and volatility, and the ability to instantly estimate pricing on specific routes.
Analyst Insight: International and domestic air cargo transportation services have shown tepid signs of recovery in the years following the recession, with estimated average price growth of only 0.2 percent and 0.3 percent each year from 2013 to 2016, respectively. While weak demand growth for shipping services and falling capacity utilization have cut into revenue and profit margins for the market's suppliers, the outlook for airfreight carriers is not quite as bleak as it is for other global shippers. - Ashley Cruz, Procurement Research Analyst, IBISWorld Inc.
Millennials aren't flocking to the logistics business, prompting The International Air Cargo Association (TIACA) to back a program of visits aimed at improving collaboration across the air cargo supply chain.
Package delivery company United Parcel Service Inc says it will consider raising prices across the board in coming years to offset pressure on margins, particularly from the rising costs of delivering packages to e-commerce customers.
Dallas Fort Worth International Airport (DFW) has announced plans to build a 37,000-square-foot cold chain facility to be operated by AirLogistix USA. The airport says it expects the facility to come online this summer.
When Amazon announced last year that it was entering directly into the air logistics business with the launch of Prime Air, the airfreight world knew that it had to prepare for bold moves by a deep-pocketed company with a passion for innovation. Now, the Seattle-based online retail giant has announced the shift of its current air hub from Wilmington Airpark (ILN) in Ohio to the Cincinnati/Northern Kentucky Airport (CVG) this spring, hinting at a possibly vast expansion of Amazon's e-commerce air service.
The latest news, analysis, services and systems regarding air cargo and its impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through air cargo solutions. New technologies that provide information during air shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As air cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using air cargo solutions to power their supply chains.
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