The container shipping industry is a major contributor to global carbon emissions, with diesel-powered freighter ships responsible for transporting approximately 90% of global cargo. This reliance on carbon-emitting vessels underscores the international economy’s dependence on this mode of transportation. Furthermore, most container ships utilize heavy bunker fuel, which exacerbates carbon emissions. Annually, the sector consumes…
In a world where hunger claims lives daily, it’s a distressing reality that so much food ends up in the trash. Approximately one-third of all food produced for human consumption—about 1.3 billion tons worth around US$1 trillion—is lost or wasted annually. To put this in perspective, this “surplus food” could feed two billion people, which…
Logistics remains a traditional industry, often reliant on paper and basic phones in day-to-day operations. Embracing AI is seen as ambitious and daunting for freight forwarding companies, given its perceived complexity. However, the potential for significant cost savings is undeniable, beginning with the fundamental step of effective data collection. Although online freight forwarding services are…
The freight and logistics market in Chile comprises of several modes of transportation along with distribution and warehousing services. The logistics industry in the country is largely driven by the rising demand for commodities, the boost in global trade. and the need for effective supply chain solutions. As per a report by Mordor Intelligence, the…
Container shipping plays a pivotal role in global trade, facilitating the movement of goods across vast distances. Central to this logistical web are the world’s major canals, serving as vital arteries connecting various regions and enabling efficient maritime transportation. Shipping canals, varying in length, width, and depth, crisscross the globe, enabling seamless navigation for a…
The eFTI (Electronic Freight Transport Information) Regulation, set forth by the European Union (EU), is poised to significantly impact the digitization of the freight forwarding industry. Before delving into its implications, let’s first explore the essence of eFTI and how it will help to unlock online freight forwarding for logistics companies in Europe. Essentially, eFTI…
Over recent decades, the Indian Government has embarked on numerous initiatives aimed at strengthening the nation’s freight and logistics market and fostering increased profitability for both multinational corporations and independent freight forwarders. Estimates indicate that around 14 percent of India’s GDP is allocated to the supply chain and logistics sector, a figure nearly twice the…
The China-Europe Railway Express, also referred to as the China Railway Express (CRE), occupies a central position within President Xi Jinping’s Belt and Road Initiative, functioning as a cornerstone of international rail freight sector. In recent years, this transcontinental network has gained prominence as a critical channel for Chinese exports to Europe. Its importance has…
Establishing robust relationships forms the bedrock of success for independent freight forwarders. Networking emerges as a crucial component in seizing fresh business prospects and elevating brand visibility. Yet, active networking goes beyond mere engagement, as it can unlock numerous new projects with international network partners. However, fruitful business meetings encompass more than networking alone. The…
According to a Research and Markets report, the transportation and logistics sector in this country is projected to sustain a compound annual growth rate (CAGR) of over 6% from 2022 to 2027. China is emerging as a formidable force in global transportation and logistics, attributed to factors such as robust government regulations, excellent infrastructure encompassing…