Air cargo’s anemic peak season nothing to celebrate

Moderate strengthening of demand since August has buoyed the sagging air cargo market, but the seasonal surge in retail shipments for the holidays appears to be a third the normal level and more industry players are resetting expectations for a real recovery until the fall of 2024, or later.

Market intelligence provider Xeneta said airfreight volumes bumped up 2% in October from September and increased 2% year over year (y/y), but the sequential growth was subpar compared with peak seasons the...

https://www.freightwaves.com/news/air-cargos-anemic-peak-season-nothing-to-celebrate

Trucking companies take proactive stance to thwart theft during holiday season

Cargo theft makes headlines each holiday season, driven by increased shipments, high demand and product shortages. Recent data from CargoNet shows cargo theft losses rocketed to $19 million in the first quarter of 2022 in the United States and Canada, a 73% increase over the same period in 2021.

Thieves are evolving their tactics and utilizing technology to target trucks with goods that can easily be sold off-market for a quick dollar. While the majority of the population enjoy long weekends and...

https://www.freightwaves.com/news/trucking-companies-take-proactive-stance-to-thwart-theft-during-holiday-season

Peak season is upon us — what’s different this year?

Peak season isn’t what it used to be.

For decades, retailers had an idea of what to expect around the holidays: a short but massive plateau in volume and supply chains that (for the most part) were expected to run smoothly.

When COVID-19 hit, it changed everything. Peak season got even longer, demand got even stronger and supply chains were thrown completely out of whack.

But even in the new normal of peak season, there will always be some nuances from year to year, and 2022 is no different.

One...

https://www.freightwaves.com/news/peak-season-is-upon-us-whats-different-this-year

Daily Infographic: Uber gets in holiday spirit with new platform upgrades

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To view more FreightWaves infographics, click here

The post Daily Infographic: Uber gets in holiday spirit with new platform upgrades appeared first on Freig...

https://www.freightwaves.com/news/daily-infographic-uber-gets-in-holiday-spirit-with-new-platform-upgrades

Uber gets in holiday spirit with new platform upgrades

Just in time for the holidays, one of the gig economy’s titans made a list of new features — and it’s worth checking it twice.

Uber (NYSE: UBER) on Monday released a slew of upgrades to its rideshare and delivery platforms, all geared toward holiday shopping, shipping and travel. New features include a dedicated Holiday Shop on Uber Eats and revamped version of its same-day delivery service Uber Connect.

“This year, whatever the holidays look like for you and your family, Uber is here to help you...

https://www.freightwaves.com/news/uber-gets-in-holiday-spirit-with-new-platform-upgrades

Postal Service announces holiday delivery preparations

USPS postal service delivery truck

It’s almost the most wonderful time of the year again, at least for consumers. For shippers and carriers, it’s a different story.

If you asked 10 logistics professionals when peak shipping season is, you would likely get 10 different answers. Some will claim it lasts from August to November; others will argue it begins in the spring; still others will contend it’s become a year-round affair. But regardless of which definition they use, shippers can expect a sharp increase in parcel volume to...

https://www.freightwaves.com/news/postal-service-announces-holiday-delivery-preparations

What made peak shipping season a success?

By all accounts, the 2021 holiday peak season avoided the shipping disasters of previous years. There were likely several reasons for this, including consumers shopping earlier than ever and a push by the delivery firms to hire seasonal personnel.

In fact, according to the founders of last-mile mapping firm Beans.ai, that last part played a significant role.

“The solution was money. The spike in both salaries and bonuses was motivating enough for people to join [as drivers],” Nitin Gupta, CEO of...

https://www.freightwaves.com/news/what-made-peak-shipping-season-a-success

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