“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events.
“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.
Can Outrider hold onto its healthy lead in distribution yard autonomy as competition begins to form?
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
This week in Borderlands: Mexico remained the top U.S. trade partner in July and Laredo was the No. 1 gateway; production and exports of Mexican-built trucks slipped in August; Maersk has teamed up with Fabric to open a Dallas e-commerce center; and a cargo checkpoint opens at a Texas border port of entry.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.
Maersk Air Cargo is growing its small U.S. footprint with a cargo facility near the Atlanta airport.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
This week in Borderlands: Production and exports of Mexican-built cargo trucks soared in March; Walmart is closing a logistics facility in Fort Worth, Texas; Target announced three distribution centers in Texas; and Maersk opened a global service center in Mexico City.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
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Two container shipping experts give their take on how the hangover after the pandemic boom could play out.
Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers.
