The US truckload market is facing a shift towards over-supply. This change is being driven by several factors, including increased investment in new trucking equipment and the number of drivers entering the market. Here’s a closer look at the situation. An Over-Supply of Trucks The increase of investments in new trucking equipment is particularly significant,
Winter weather can cause many problems for fleet vehicles. From reduced fuel efficiency to increased breakdowns, fleet managers must be prepared to face the challenges posed by cold weather and icy conditions. One of the best ways to do this is by investing in remote diagnostic tools – which can help to minimize downtime, increase
The Port of Liverpool has been ranked the top port in the United Kingdom for port-centric logistics potential. This ranking is based on several factors, including the port’s location, infrastructure, and services. Read on to learn why this port is so well known throughout the logistics sector. Location, Location, Location One of the key advantages
The shipping industry is facing a classic boom and bust cycle due to market volatility. The pandemic brought disruptions in global supply chains, leading to increased demand for container shipping. This increase sparked a surge in freight rates, which has led to a rush of new vessel orders. However, this sudden influx of new vessels
In the logistics industry, cargo losses can occur for various reasons, but fraud is one of the biggest threats. Fraudulent activities such as cargo theft, diversion, and false documentation can result in significant financial losses for shippers and logistics providers. Here’s why businesses in the logistics industry need to look out for fraud. Cargo
As a business within the logistics industry, it is important to stay up to date on the latest laws and regulations regarding the shipping of dangerous goods. This year, there are several logistical changes that you should be aware of to ensure compliance and avoid any potential issues. New Regulations One of the main
Freight shipping is a crucial component of global trade, as it allows for the movement of goods worldwide. However, the industry is not immune to disruptions, and one of the most significant sources of such disruptions is labor strikes. Recently, Europe has seen an increase in dock worker strikes, which have significantly impacted freight shipping
As the fluctuations from the pandemic and current global events subside, signs indicate that freight market conditions are finally returning to normal. Disruptions to global supply chains were massive, and lockdowns led to shipping backlogs at ports. However, aftershocks from those events seem to be subsiding. Seabound shipping is beginning to return to its job
After dealing with unprecedented challenges, ocean freight vessel schedule reliability is continuing to improve. The trend appears to be moving in the right direction and the industry is more prepared than ever to deal with unexpected changes! A Promising Trend Thankfully, global container shipping schedule reliability continues to rise. It has increased month over
Average container prices have dropped more than half from last year’s prices. China has accumulated containerized trade volumes recently, according to a new analysis. The analysis is done by Container xChange and is part of a monthly container logistics report called “Where Are All the Containers?”. Changes in Container Prices The average container price