According to German business associations led by the Transported Asset Protection Association (TAPA), physical cargo carried onboard almost 26,000 trucks is stolen in Germany every year, averaging a new attack on a truck every 20 minutes. In addition to the value of the goods, the group says further damages of €900 million are caused by penalties for delivery delays, the cost of replacing stolen products and repairing damage to vehicles targeted by cargo thieves.
Shipping and transportation continues to be one of the biggest parts of international business. In 2017, performance in freight forwarding was at its best in almost a decade. This saw an increase in business interests, investments and consumer confidence. Last year, forwarders saw an increase in the air, ocean and road freight as the supplier conditions led to a strong inventory demand.
So what is the future of the freight forwarding industry for 2018? Here’s our forecast:
“The global logistics industry is at a crucial point in its development”, according to a new report.
The international freight forwarding sector is facing a series of new challenges, which only the most adaptable companies will be able to meet, says the report from Transport Intelligence (Ti).
Total Logistics 2018, notes that not only are there external pressures raging from the obvious – economy, politics, security and society – but also disruptive forces, triggered for the most part by new technology.
The airfreight landscape has experienced some dramatic shifts in recent years. In fact, those events seem likely to produce some headwinds for air freight shippers in 2018 in locating available air capacity, especially during peak seasons.
Over the last few years, digitisation has become more prominent in the air industry. As in most industries, big data obtained in real time, from real events, combined with flexible management, is helping air carriers take a more efficient approach to traffic planning and infrastructure.
As capacity floods into service, China Cosco Shipping will be deferring delivery of 10 big vessels this year until 2019. This was reported by Lloyd’s List Maritime Intelligence reports, pushing off what would have been a 30% increase in the shipping line’s cargo capacity.
Container shipping capacity is something shippers pay close attention to as the supply-demand balance has a direct impact on freight rate levels.
A brand new FedEx hub has opened in Shanghai at the Pudong International Airport.
FedEx said that the facility provides “greater connectivity and convenience to the FedEx global network and overseas markets for customers in eastern China, particularly those shipping to the US and Europe”.
Measuring 134,000 sq metres, the new facility is equipped with a dedicated customer care centre,fully automated sorting system, as well as cold chain facilities.
In Singapore, more than 30,000 orders placed with Ezbuy were delayed as courier services struggle to deliver their products on time in the face of a mountain of orders.
Buyers said that they were unable to resolve their issues with the company as its customer service platforms was down for several hours.
A new data platform for the logistics sector that allows various players along the supply chain to keep track of cargo movements was launched today. Through the Transport Integrated Platform (TRIP), data will be collected from depots, port authorities and freight forwarders and shared with all of them to minimise unproductive trips and delays.