Freight: Page 50
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Freighters grapple with high demand as airfreight capacity drops 23% in March
With belly cargo disappearing, freighters are figuring out how to make up for the loss, resulting in higher prices for shippers.
By Matt Leonard • April 30, 2020 -
As volumes drop, Norfolk Southern expects Q2 to be the roughest yet
The cost cuts needed to weather the financial hit from coronavirus will come from accelerating PSR efforts and selling, storing or scrapping equipment.
By Emma Cosgrove • April 30, 2020 -
FMC detention, demurrage guidance comes as coronavirus outbreak aggravates preexisting port problems
The FMC's final guidance on what constitutes fair charges can also help inform contract negotiations.
By S.L. Fuller • April 29, 2020 -
3 years, 3 cyberattacks on major ocean carriers. How can shippers protect themselves?
Shippers and freight forwarders have a role to play in vetting supply chain partners' risks and keeping their data and cargo safe.
By Shefali Kapadia • April 29, 2020 -
Blank sailings have reached their scheduled peak
Ocean carrier schedule reliability dropped to 68% in the first quarter of 2020 and could continue to struggle as a result of blank sailings in April.
By Matt Leonard • April 28, 2020 -
FourKites: Data can help prepare for delays as New York City dwell times surge
Although the data is available, fleets are still in the process of transitioning to artificial intelligence to sort through the incoming gigabytes of information per hour and make simple recommendations to drivers and dispatch offices.
By Jim Stinson • April 27, 2020 -
USPS ships mail by sea as airfreight crunch continues
This is not the first time the Postal Service has made such a move due to the COVID-19 outbreak, a USPS spokesperson told Supply Chain Dive.
By Emma Cosgrove • April 24, 2020 -
Retrieved from General Motors on April 23, 2020
Inside Ceva Logistics' approach to managing GM's ventilator supply chain
Retooling production from semiconductors to ventilators requires Ceva and GM to work with hundreds of new suppliers.
By Matt Leonard • April 23, 2020 -
Union Pacific expects 25% volume dip in Q2
CEO Lance Fritz said he expects the economic impact of the coronavirus to be "sharp and deep," without a steep recovery.
By Emma Cosgrove • April 23, 2020 -
CSX: Near-term cost cutting may last beyond COVID-19
Foote said CSX is working to maintain what it sees as a high level of service despite down volumes. Still, some rail shippers are going to notice the latest cuts.
By Emma Cosgrove • April 23, 2020 -
Hapag-Lloyd, Maersk beat IMO's 2030 greenhouse gas emissions reduction target by a decade
Experts remain optimistic about the industry's ability to maintain progress on sustainability efforts despite significant disruption from the COVID-19 outbreak.
By Morgan Forde • April 22, 2020 -
Deep Dive
6 charts show how PSR changed rail
Early adopters of precision-scheduled railroading saw increased speed and lower dwell times in 2019. Do the changes benefit shippers?
By Matt Leonard • April 22, 2020 -
Coca-Cola reports border bottlenecks, touts localized supply chain to keep products flowing
Coca-Cola is experiencing bottlenecks delaying ingredients en route to its plants as health screenings and policy changes slow traffic at border crossings around the world.
By Emma Cosgrove • April 22, 2020 -
35% of ports say demand for food, medical supplies storage increased
While some ports are managing increased stockpiling of essential goods, others are adjusting to a decrease in storage utilization of conventional cargo.
By Matt Leonard • April 21, 2020 -
90-day delay of tariff payments does not include Trump administration duties on Chinese goods
Importers must demonstrate "significant financial hardship" to qualify for the temporary payment delay.
By Matt Leonard • Updated April 21, 2020 -
Kansas City Southern doubles down on PSR to deal with coronavirus 'curveball'
An even more aggressive focus on efficiency will get Kansas City Southern through the COVID-19 crisis, which hit the automotive industry — a particularly important customer segment — hard and early, executives said.
By Emma Cosgrove • April 20, 2020 -
UPS adds more than 200 flights in April for US, Europe coronavirus relief
The move follows FedEx's announcement of 150 additional flights for COVID-19 relief in April.
By S.L. Fuller • April 17, 2020 -
FAA offers safety guidance for passenger planes ferrying cargo
Global air cargo supply relies heavily on the belly space of passenger planes and with the vast majority of commercial flights canceled, the industry has lost capacity and demand is high.
By Emma Cosgrove • April 17, 2020 -
Low April shipment volumes could rival early 2009, Cass says
Shipper spending on transport fell 8% in March, and Cass said it expects transport pricing to remain low through May.
By S.L. Fuller • April 15, 2020 -
JB Hunt says shippers' ability to pay is big risk in Q2
Volume may have reached its peak in March, according to DAT, and as trucking demand declines, so do some shipper revenues.
By Emma Cosgrove • April 15, 2020 -
FedEx adds 150 flights in April to shuttle PPE from Asia to the US
The carrier plans to redeploy aircraft it had parked, according to Bloomberg. FedEx has been cutting airfreight capacity since September.
By S.L. Fuller • April 13, 2020 -
MSC confirms malware attack, site comes back online
Cargo continued to flow throughout the outage, and terminals operated without disruption, MSC said.
By Shefali Kapadia • Updated April 15, 2020 -
WTO: 2020 trade levels could rival Great Depression
Optimistically, global trade would decline by 13% year over year. In a pessimistic outlook, the decline is 32% or more.
By S.L. Fuller • April 9, 2020 -
CMA CGM offers container storage to shippers navigating port congestion
The "Delay in Transit" offering, meant to reduce warehousing cost, is available globally with container storage happening at multiple hubs around the world based on trade lanes.
By Matt Leonard • April 9, 2020 -
Extended truck dwell times spike late loads by 24%
Delays at facilities and warehouses show shippers are incapable of meeting demand spikes for food and packaged goods, according to a FourKites' CTO.
By Jim Stinson • April 8, 2020