SUPPLY CHAINS Archives - Maritime Shipping News

Port of Baltimore calamity shows supply chain’s vulnerabilities

1 April 2024

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Companies continue to make their supply chains more resilient to respond very quickly to supply chain disruptions. Some disruptions can be modeled or even predicted in some cases. But others are hard to predict and show that even with all the technology and process improvements in the world, supply chains remain vulnerable.

We’ve seen this over...

https://www.freightwaves.com/news/port-of-baltimore-calamity-shows-supply-chains-vulnerabilities

2024 presidential election may have big impact on supply chains

23 February 2024

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The first two months of 2024 have already put stresses on U.S. supply chains due to many global disruptions. We find ourselves in the midst of a presidential election year, leaving many people wondering how this will further impact the U.S. economy. This year marks the 60th quadrennial presidential election, scheduled for Tuesday, Nov. 5.

Predicting...

https://www.freightwaves.com/news/2024-presidential-election-may-have-big-impact-on-supply-chains

PIL and DP World team up to decarbonize global supply chains by using alternative fuels

7 December 2023

Singapore’s shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World have signed a memorandum […]

The post PIL and DP World team up to decarbonize global supply chains by using alternative fuels appeared first on Offshore Energy.

https://www.offshore-energy.biz/pil-and-dp-world-team-up-to-decarbonize-global-supply-chains-by-using-alternative-fuels/

What Fortune 500 is learning from the automotive industry

4 August 2023

“Over the past century, Henry Ford’s innovation — the automotive assembly line — has transformed virtually every manufacturing process. Now a new innovation is following a similar trajectory. Real-time visibility solutions, developed and battle-tested by the automotive leaders, are transforming every industry, from health care to retail to defense.” – Greg Nelson, FreightVerify

When Greg Nelson discussed FreightVerify’s carrier certification program at FreightWaves’ Future of Supply Chain...

https://www.freightwaves.com/news/what-the-fortune-500-is-learning-from-the-automotive-industry

Where is DOT’s Freight Office?

27 July 2023

WASHINGTON — The U.S. Department of Transportation has yet to stand up a government office crucial to freight transportation, a worrying sign that new infrastructure projects worth billions in federal dollars may not be receiving the attention and oversight they need.

DOT’s Office of Multimodal Freight Infrastructure and Policy (Freight Office), authorized by the Bipartisan Infrastructure Law (BIL) enacted on Nov. 15, 2021, was given wide-ranging responsibilities related to funding and...

https://www.freightwaves.com/news/where-is-dots-freight-office

Plus One Robotics raises $50M for AI-powered parcel handling

7 March 2023

Plus One Robotics announced Tuesday that it has raised $50 million in series C funding.

With the most recent funding round, the AI-powered parcel handling robotics platform’s total funding to date is nearly $100 million.

Company officials said they will use the additional capital to increase capacity and rapidly scale deployment of its AI software-powered robots, as well as expand sales and marketing efforts in North America and internationally.

“The growth of e-commerce has placed tremendous...

Mercedes-Benz to benefit from new cargo service at Birmingham airport

3 March 2023

Kuehne+Nagel, the world’s largest airfreight forwarder by revenue and volume, is establishing a cargo transfer facility at Birmingham-Shuttlesworth International Airport in Alabama to support the expansion of its private air service and avoid freight congestion plaguing most large airports. One customer that potentially could enjoy substantial improvements in supply chain efficiency from the arrangement is Mercedes-Benz.

The move represents the company’s first presence in Alabama and its first...

https://www.freightwaves.com/news/mercedes-benz-to-benefit-from-new-cargo-service-at-birmingham-airport

A new deal will make Lunchables more powerful than ever

2 March 2023

One of Kraft Heinz’s most profitable brands, Lunchables, is signing a deal with grades K-12 schools across the country — potentially launching Big Cheese, Ham, and Crackers into unknown heights.

Carlos Abrams-Rivera, Kraft Heinz executive vice president, announced the deal at the annual Consumer Analyst Group of New York (CAGNY) meeting on Feb. 21. Two types of Lunchables with “improved nutrition” will be served in grades K-12 schools as soon as this fall.

A Kraft-Heinz spokesperson declined to...

https://www.freightwaves.com/news/a-new-deal-will-make-lunchables-more-powerful-than-ever

Kuehne+Nagel logistics profit plunges but still 2nd-best quarter ever

2 March 2023

Kuehne+Nagel, the largest third-party logistics provider in the world by revenue and the largest air and ocean freight forwarder by volume, said it expected solid growth this year compared to pre-COVID times despite a 43% drop in fourth-quarter operating income as shipping demand sagged.

It also set higher financial targets of operating profit growth of 17% to 19% above 2019 levels and a conversion rate — the ratio of earnings before interest and taxes to gross profit — of 25% to 30% by 2026....

https://www.freightwaves.com/news/kuehne-nagel-logistics-profit-plunges-but-still-2nd-best-quarter-ever

Descartes provides ‘cautious’ outlook, reiterates long-term targets

2 March 2023

Management from supply chain software-as-a-service provider Descartes said higher interest rates and inflation as well as the war in Ukraine have forced it to “remain cautious” on the near term. However, its retail customers are telling them shipment volumes are likely to increase as the year progresses.

The Canada-based company reported earnings of 34 cents per share for the 2023 fiscal fourth quarter ended Jan. 31, which was 12 cents higher year over year (y/y).

Revenue increased 11% y/y to...

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