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Industry NewsCold Storage Demand Is Increasing: How to Plan for Capacity Issues
Demand for cold storage space has increased due to the popularity of online grocery shopping and frozen food sales. The pandemic exacerbated the pressure on cold supply chains, leading to higher utilization rates and inventory challenges. To address this, food…
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The volume of cargo containers handled at the major U.S. seaports can serve as an indicator of the country’s economic and commercial health. In 2022, maritime gateways accounted for 40% of international freight value, making port volumes a useful barometer…
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Convoy Inc., a digital freight brokerage company, experienced a dramatic downfall from a valuation of approximately $3.8 billion in the first quarter of 2022 to going out of business in a little over 18 months. Most of its employees were…
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The European Union has set forth an ambitious goal of achieving carbon neutrality by 2050, with an interim objective to reduce emissions by 55% by 2030. The EU’s’s Emission Trading System (EU ETS) has emerged as the world’s largest emissions…
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A recent Q3 shipper survey indicates that the freight industry remains uncertain in its forecast outlook. As excess inventories have decreased, careful inventory management by major retailers has lessened the need for restocking ahead of the holiday season. Meanwhile, Shippers’…
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Sep 18, 2023 Forbes Dario Markovic The e-commerce industry is undergoing significant logistics changes to meet customers’ growing demands for seamless and fast delivery in what is projected to be a $6.91 trillion global online sales market by 2024. Key…
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Sunday, September 03, 2023 FreightWaves Craig Fuller A freight market turnaround in 2024? Spot rates will likely increase, benefitting carriers but potentially causing challenges for shippers. Shippers may face higher shipping costs in 2024, and freight brokerages could be particularly…
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August 24, 2023 3:28 PM PDT Elida Moreno Reuters The Panama Canal faces significant challenges due to a prolonged drought, which has lowered the water level, causing congestion and delays. This congestion poses a looming threat for shippers due to…
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Aug. 16, 2023 Max Garland Supply Chain Dive A wave of labor disputes in supply chains, driven by workers seeking better pay and job security due to their pandemic contributions and inflationary pressures. This “Hot Labor Summer” has disrupted operations…
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(Reno, NV | January 4, 2022) – As part of their omni-channel network fulfillment strategy, LEGACY Supply Chain has announced the relocation of their Ontario, California fulfillment operation to their Reno, Nevada fulfillment center. This decision is part of LEGACY’s strategic response to…
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