Freight updates July 14, 2022: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. Now, two years into the pandemic-related global capacity crunch, high prices, delays, and port congestion persist. These updates will share some of the latest freight news, so we can keep you abreast of the situation.
Canada’s trucker shortage: is immigration the answer?
Why is there a truck driver shortage? In Canada, the truck driver shortage has been a fairly long-standing issue. According to recent reports coming out of the Canadian Trucking Alliance, it has been mainly due to the fact that nearly 25% of transport truck drivers are in the 55 – 64 years of age group and getting set.
6 Ways to Prepare Your Business for the Chinese New Year
Chinese New Year, a major holiday for over a billion people, affects every international supply chain. In previous years, importers started their planning process in May or June in advance of the January holiday. But with shortages and delays in the logistics industry worldwide amplified since COVID, companies can't.
Freight forwarding basics: proper packaging
Great packaging can mean the difference between a shipment arriving unscathed to its destination and one that is damaged or lost along the way.
Logistics 101: Forwarder vs Broker vs Consultant
International logistics involves a lot of people in a bunch of different roles. How do you know what your business needs?
13 strategies to reduce your transportation costs
It's a hard reality that transportation (freight) prices have been headed skyward for the past couple of years with no signs of coming back down. The initial shock of the pandemic in early 2020 has only compounded into tight capacity, frustrating delays, and premium rates.
Incoterms: an importers guide
The Incoterms or International Commercial Terms are a series of trading terms and conditions designed to assist companies when goods are sold and transported. When both a buyer and seller agree to an Incoterm, it then allows both the buyer and seller to identify clearly where lies the responsibility of each party.
Freight update July 2021: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. This year, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest freight forwarding news, so we can keep you abreast of the situation.
5 factors impacting your freight costs right now
One of the biggest impacts of this “pandemic year” has been fluctuation (and frustration) in transportation pricing. With freight representing up to 50% of your logistics cost and 10-20% of your retail price, your transportation expenditures are a big part of your bottom line.
5 benefits (and 4 disadvantages) of self-driving vehicles
In part 1 of this article, we wrote about autonomous vehicles being tested currently and how self-driving trucks could be used in shipping today. In this second part, we’ll discuss the upsides and downsides to autonomous vehicle technology.
