Although the overall freight forwarding market grew by 3.1 percent to $125.85bn in 2012, Transport Intelligence's report, Global Freight Forwarding 2013, suggests this figure is misleading as the positive growth was entirely attributed to the sea freight sector.
In the world of enterprise management software, logistics and transportation has often been seen as a very isolated island. Those of us on the inside know that the logistics world continues to be just as fragmented and disconnected as it was 20 or 30 years ago. Logistics providers operate blindly within the supply chain, and have little idea of what is happening upstream or downstream. It's a fundamental problem that is especially ripe for disruption. Get ready, because major change is on the horizon.
As global trade management software has improved visibility to international shipments, companies have been able to enhance performance measures, moving from departmental indicators to broader metrics that drive coordination between departments, says Stephanie Miles, senior vice president of commercial services at Amber Road.
U.S. vessel imports have declined almost 3 percent from May to June. Imports are also 1.6 percent below TEUs (twenty foot containers) seen in June of 2012. This year, U.S. ocean imports had a steady increase of 1 percent compared to the volume seen in 2012, but with the low June numbers that percentage has changed. Zepol has found that in the first six months of this year, compared to January through June of 2012, import volume is virtually stagnant. In fact, 2013 is down 0.3 percent, if you want to be picky.
China is considering a package of regulatory measures to protect the struggling domestic shipping industry against foreign competitors suspected of malicious price manipulation, the China Daily reported on Friday.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using global logistics solutions to power their supply chains.
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