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Logistics
Air France-KLM forms cargo alliance with French shipping giant CMA CGM
Air France-KLM Group and ocean shipping giant CMA CGM announced Wednesday the formation of a 10-year alliance between their air cargo divisions under which the companies will jointly market capacity in their respective cargo networks to increase their scale and competitiveness.
The long-term, aircraft-sharing agreement will enable CMA CGM Air Cargo access to Air France, KLM and Martinair freighters as well as the belly space of passenger aircraft, including more than 160 large long-haul jets....
Flexibility enables shippers to compete, remain relevant in volatile market
The logistics industry is characterized by volatility, and companies hoping to thrive in the space need to be able to adapt to change more or less instantaneously. Agility is more important than ever as pandemic-related headwinds continue to play out and new technologies strengthen competing companies by offering increased flexibility.
A few weeks ago, carriers had the market cornered, leading to fluctuating volumes and soaring spot rates. Now, volumes are beginning to stabilize, tender...
Fox Logistics expands offering with freight automation platform Boxton
Asset-based 3PL Fox Logistics announced Wednesday the acquisition of freight automation platform Boxton. The deal expands Fox Logistics’ freight capabilities globally to include ocean and air services.
San Diego-based Boxton’s platform automates freight quotes via artificial intelligence and API connectivity. The deal is expected to add 150 global customers to the Fox Logistics network, growing its customer base by 500%.
Terms of the transaction were not disclosed.
“Boxton’s freight automation...
Drayage can no longer be considered an afterthought
Before the coronavirus pandemic prompted a serious surge in online shopping — therefore increasing port congestion manifold — companies would typically get away with submitting drayage and transloading work orders with little notice. That has all changed over the past two years.
While drayage has faced demand surges, they have often been the relatively short-lived consequences of labor strikes or steamship company shutdowns. The impact of the pandemic has been much greater, and it is here to...
https://www.freightwaves.com/news/drayage-can-no-longer-be-considered-an-afterthought
Chartering vs Owning Vessels: Carrier strategies, Rationale, and Advantages & Disadvantages
In the past two years, since the Covid pandemic upended the entire shipping industry, a common refrain has been the all-pervasive lack of vessels to transport cargo available.
As the unprecedented congestion levels afflicting ports worldwide have absorbed all excess capacity, Container Carriers are desperately hunting for additional tonnage (vessels) to augment their fleets and cater to the demand for carriage of containerised cargo.
The combination of heightened demand and scant supply meant...
https://www.marineinsight.com/maritime-law/chartering-vs-owning-vessels/
JAFZA breaks ground at new Logistics Park
As the UAE continues to grow into a global processing and re-distribution gateway, DP World has experienced a significant spike in demand for logistics and warehousing space. Consequently, it is building the Jafza Logistics Park in response to this increase in demand and to further boost the development of the UAE’s logistics sector
Jebel Ali Free Zone (Jafza) recently held a ground-breaking ceremony for the first phase of its new facility, which is scheduled for completion in 2023.The...
https://www.themaritimestandard.com/jafza-breaks-ground-at-new-logistics-park/
Daily Infographic: In 2021, the value of energy trade between the U.S. and Mexico reached a nine-year high
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Drilling Deep: Spencer Tenney on M&A in the supply chain
Spencer Tenney heads the Tenney Group, one of the leading companies set up to help both buyers and sellers navigate the world of mergers and acquisitions in the supply chain. He’s got a ringside seat to the dances that buyers and sellers perform when moving assets, and he joins Drilling Deep host John Kingston to share his perspectives on how those dances are going.
Also on the podcast, Kingston talks about the super-tight East Coast diesel market and why there may be a few signs that the worst...
https://www.freightwaves.com/news/drilling-deep-spencer-tenney-on-ma-in-the-supply-chain
Daily Infographic: Ice cream on demand?
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https://www.freightwaves.com/news/daily-infographic-ice-cream-on-demand