Ocean Cargo Volumes Begin To Boom Amid Rising Demand

  • Experts maintain that ocean carriers may have finally figured out how to make money this year, as sluggish demand last summer made sustainable pricing more important than ever.
  • Shippers now cannot afford to miss vital bookings this peak season, thereby committing to contracts early.
  • Maritime industry analysts note that ocean cargo carriers may finally be seeing some brighter days ahead.
  • Analysts agree that ocean cargo carriers have a spotty record of maintaining vessel capacity deployment...

https://mfame.guru/ocean-cargo-volumes-begin-to-boom-amid-rising-demand/

Global trade declines, but freight forwarders experience mixed fortunes

The coronavirus pandemic led to an 11.6% year-on-year contraction in air and sea freight forwarding volumes in the first half of the year.
Global trade suffered from the double-blow of reduced factory output in China and then the subsequent fall in demand as social lockdowns were ordered.
According to new analysis by supply chain consultancy Transport Intelligence (Ti), the air freight sector bore the brunt of the declines, with the global market …

The post Global trade declines, but freight...

https://theloadstar.com/global-trade-declines-but-freight-forwarders-experience-mixed-fortunes/

On the wires: Changes

“The global freight forwarding market is at an unprecedented point of change.” – Transport Intelligence, 22 September, 2020.
Having processed lots of information in the past few days, including ballooning gross profit assumptions associated to the air freight trade (Q2 ’20 was likely peak anyway)...

https://theloadstar.com/on-the-wires-changes/

Forwarders and 3PLs need to prepare for the rise of the ‘Cyber 4PL’

As global manufacturing, and the supply chains that support it, continue to be transformed by new technology, a leading logistics analyst has warned that established freight service providers may be left behind.
Ken Lyon, advisory board member at consultancy Transport Intelligence, was speculating in a position paper this week on the emergence of a new breed of “Cyber 4PLs” in the supply chain.
He argues that, due to their size and traditional …

The post Forwarders and 3PLs need to prepare for...

https://theloadstar.com/forwarders-and-3pls-need-to-prepare-for-the-rise-of-the-cyber-4pl/

Governments must intervene in the PPE industry to ensure future supply

Public health procurement officials around the world need to radically rethink their supply chain strategies to avoid a repeat of the chaos that engulfed PPE logistics in the early weeks of the coronavirus pandemic.
As the pandemic spread from China across the world in March and April, the provision of personal protective equipment (PPE) to health professionals fell woefully short of what was required in almost every country, due to a …

The post Governments must intervene in the PPE industry to...

https://theloadstar.com/governments-must-intervene-in-the-ppe-industry-to-ensure-future-supply/

Preventing trucking fleets from falling prey to nuclear verdicts

Preventing trucking fleets from falling prey to nuclear verdicts (Photo: Jim Allen/FreightWaves)

Over the past few years, there has been a surge in nuclear verdicts against the trucking industry. Nuclear verdicts are jury judgments that award penalties over $10 million. This warrants a focus by trucking fleets on risk management, as such verdicts can force companies to declare bankruptcy, adding to the distress already prevalent in the industry today. 

One of the primary reasons for such massive verdicts is the lack of exculpatory evidence on the part of the trucking companies, making it a...

https://s29755.pcdn.co/news/preventing-trucking-fleets-from-falling-prey-to-nuclear-verdicts

More M&A in forwarding likely, as major players feel the need to ‘keep up’

And so the forwarding consolidation chat continues. On Loadstar Premium today, we reveal speculation that CMA CGM, new proud owner of Ceva, is in talks with the French government over the possible acquisition of Geodis.  
Geodis has said publicly it is looking for a slice of M&A action – but that it wanted to expand in Germany, the Netherlands, China and the US. 
Currently owned by a French railway, could Geodis switch to being owned by a French shipping line? Is …

The post More M&A in...

https://theloadstar.com/more-ma-in-forwarding-likely-as-major-players-feel-the-need-to-keep-up/