News Articles
Spot rates for ocean freight have dropped following the surge that occurred before the ILA strike.
Spot rates for ocean shipments from Asia to North America are decreasing as cargo volumes decline, with rates to the U.S. West Coast down 35% and 38% for the East Coast since July. This drop is attrib
Read MoreUPS' Happy Returns utilizes Geek+ sorting robots.
Happy Returns has enhanced its East Coast returns hub in Pennsylvania by integrating Geek+ robotics, significantly reducing processing times. The facility now uses 150 robots for sorting returns, whic
Read MoreThe strike at Boeing will persist as employees have turned down the most recent offer.
Boeing workers, represented by the International Association of Machinists and Aerospace Workers, overwhelmingly rejected a contract proposal from the company, with 64% voting against it. Union leader
Read MoreIn September, cargo at HK Airport increased by 10% due to transshipments and exports.
In September 2024, Hong Kong Airport processed 414,000 tonnes of cargo, marking a 10.2% increase from September 2023. Loaded cargo rose by 13% to 305,000 tonnes, with notable growth in traffic from Eu
Read MoreUPS announces an increase in earnings for the third quarter.
UPS reported strong third-quarter earnings with a 5.6% revenue increase to $22.2 billion, and adjusted earnings per share of $1.76, surpassing last year's figure. CEO Carol Tomé emphasized the company
Read MoreQ&A with Craig Moore, Vice President of Sales for North America at Körber Supply Chain Software.
At the EDGE 2024 Conference, Craig Moore from Körber Supply Chain Software discussed the evolving landscape of supply chain management. Körber has expanded its offerings beyond Warehouse Management Sy
Read MoreThe Port of Rotterdam experiences a decline in cargo volume.
In the first three quarters of this year, the port of Rotterdam experienced a 0.4% decrease in total throughput, totaling 328.6 million tonnes, primarily due to reduced coal and crude oil volumes. How
Read MoreCombating Disruption: Coordinating Supply Chain Operations
A 2024 survey revealed that over 80% of supply chain executives are facing ongoing disruptions in various areas such as warehouse operations and transportation. The increasingly global nature of suppl
Read MoreDSV's revenue in the third quarter increased by 25% due to a rise in air and sea volumes.
DSV reported a 25% revenue increase in Q3 2024, reaching DKK 44.1 billion, attributed to higher air and sea volumes and freight rates. Profits marginally rose to DKK 2.85 billion. The acquisition of S
Read MoreCal-Maine intends to invest $40 million to increase its production of cage-free eggs.
Cal-Maine Foods, the largest egg producer in the U.S., plans to invest $40 million to expand its cage-free egg production in response to increasing consumer demand and state regulations. The company w
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