Trucking companies accelerated big-rig orders for the fourth consecutive month, bolstered by strong manufacturing activity and an improving freight market.
Flexport, the shipping logistics company that launched in San Francisco just four years ago, is set to close a $110m Series C funding round. The investment values the company at $910m post money, says Wesley Chan, managing director at Menlo Park VC firm Felicis Ventures, an early investor in Flexport. The new round will bring the total capital invested to $204m.
Despite some typically cautious warnings that the current growth cycle may be nearing a peak, industry-wide freight tonne kilometer (FTK) growth is at its strongest pace since 2010 - and global business and consumer confidence levels point to solid improvement at least through the third quarter, IATA said in its Q3 2017 "Cargo Chartbook."
U.K. traders say that blockchain could automate and systematize the administrative burdens of customs oversight generated by an impending customs regime, following the recent announcement by Brexit Secretary David Davis that a new customs system will be in place by 2019.
The U.K. government proposed a far-reaching customs arrangement with the European Union that it said would eliminate the need for border checks on imports and exports after Brexit.
Customs checks at the border after the U.K. leaves the European Union could cost 1bn pounds ($1.3bn) a year and cause delays for goods being shipped in both directions, according to a report by Oxera, an economic consultancy.
Unprecedented heat waves could ground nearly a third of flights during the hottest days, forcing carriers to jettison cargo in order to take off, according to a recent study.
International trade routes are increasingly reliant on a small number of key ports, straits and roads that if disrupted will threaten global food supply, according to a report.
The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
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