By all metrics, air cargo enjoyed another great month in August with a 12.9 percent year-over-year increase in volumes for the month alongside even higher direct tonne kilometer (DTK) growth of 14.6 percent, with WorldACD noting the average distance between origin and destination points for airfreight shipments continues to grow.
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan, which will push the online retailer deeper into functions handled by longtime partners United Parcel Service Inc. and FedEx Corp.
During the current period of robust demand for air cargo services, some of the hottest commodities sold have come in the form of perishable goods. The exotic nature of some foods, plus a critically short shelf life, has made them the darlings of the airfreight world.
Flexport, the shipping logistics company that launched in San Francisco just four years ago, is set to close a $110m Series C funding round. The investment values the company at $910m post money, says Wesley Chan, managing director at Menlo Park VC firm Felicis Ventures, an early investor in Flexport. The new round will bring the total capital invested to $204m.
The U.K.'s Freight Transport Association (FTA) welcomed Prime Minister Teresa May's call last week for a transition period as a key priority for Brexit negotiations. But, as May's Tories grip on power continues to erode against an ascendant Labor party, the prime minister's pragmatic turn might be too little, too late, and the future of U.K.-E.U. trade remains unclear.
The International Union of Marine Insurance has called for better fire-fighting systems on board container ships, citing its concern that current provisions are insufficient given the growing size of container vessels and a recent spate of fires on board ships.
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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