China-based, state-owned shipping behemoth China Ocean Shipping Company (COSCO) has acquired a 49% stake in a landlocked port under construction in Kazakhstan, the New York Times reports.
Losing your job is a painful experience, and buyers of transportation who can’t get things picked up and delivered on time lose their jobs.
The process of sending bills-of-lading with cargo has changed little in generations, but the problems have remained: BOLs arrive at different times than the cargo, causing delays and added cost. But blockchain could eliminate these expenses and streamline the process.
The growth in cargo volumes at London’s Heathrow Airport has created severe congestion across the region, which has the airport facing a dire situation due to long queues, which is increasing waiting times and thus delaying an already slow-moving air freight operation.
There is no requirement for cargo insurance, but that doesn’t mean you shouldn’t have it. As you search for motor truck cargo insurance, you will find various plans at various price points. Like those homeowner’s policies, no two are the same. So how do you know what you should be looking for?
Ikea’s acquisition of TaskRabbit is seen as a way to give Ikea customers access to assembly services. But it also may pave the way for local delivery of Ikea products, perhaps producing a new need for delivery drivers.
Businesses who trade internationally typically rely on freight forwarders to act on their behalf to transport product. The process of locating and arranging a forwarder is no easy task and extremely time-consuming, and over many decades this process has barely changed.
Remember when you had to wait to flag down a taxi? Now we order a taxi via an app and it arrives at your door within minutes. The same innovation is now happening to cargo shipping.
Honeywell and Intel have collaborated on a new solution that is designed to identify potential damage to cargo while in transit, allowing time to possibly re-position that cargo to prevent further damage.
McKinsey & Company has recently issued a report on potential impacts to the trucking and rail freight industries in the U.S., Canada and Mexico. The report, “Four forces to watch in trucking and rail freight,” identifies critical structural issues that executives must pay attention to in the immediate future.
