freight, demand, US, essential goods

Global Freight Demand Sinks; U.S. Focuses on Essential Goods

U.S.-China freight rates have been heavily impacted by the ongoing developments in Covid-19, according  logistics expert Freightos, which also provides insight on global shipping trends. China-US West Coast prices (FBX01 Daily) rose 1 percent since last week to $1,533/FEU. Rates are 3 percent lower than last year’s prices for this week. China-US East Coast prices…

High-Tech Tackles Logistics

High-tech companies are developing leading-edge solutions to improve a variety of functions in logistics—a complex web of freight movers, third-party logistics companies and parcel delivery services. Here are a handful of companies that have recently launched logistics-related products and services: Freightos has developed an online marketplace that gives importers and exporters on-demand access to global freight services. Freight forwarders,…

Why Scrapping TPP is a Bad Idea

U.S. companies will likely be hurt—rather than helped—by President-elect Donald Trump’s promise to nullify the Trans-Pacific Partnership (TPP), trade and freight experts say. While U.S. manufacturers may find it easier to compete domestically, cancelling the TPP will make it harder to export to some of the fastest-growing consumer markets in the world. “You could call…

Freight Companies Join the Digital Revolution

“Artificial intelligence” usually conjures up images of humanoid robots, but AI is one of several digital technologies that are being applied to the supply chain. With the digital revolution in full swing, companies across the electronics supply chain are harnessing data to improve efficiencies and cut costs. In the logistics segment, for example, freight companies…