TPM26: Global trade ‘still strong’ despite uncertainties: Hellmann CEO
Amid trade tensions and other geopolitical challenges, ocean freight volumes should remain elevated, according to Jens Drewes.
Amid trade tensions and other geopolitical challenges, ocean freight volumes should remain elevated, according to Jens Drewes.
Stefan Paul said almost 20% of global air freight capacity from the belly hold of passenger aircraft and via freighter aircraft charters has been cut from the market because Middle East airports are closed or flights have been otherwise canceled.
With on-time performance close to the 90% target, Hapag-Lloyd has begun to remove the additional capacity initially built into the network to ensure 90% reliability, Rolf Habben Jansen told the TPM26 conference.
Ryan Petersen said his company went into “code red” last year in transitioning to AI, with the technology’s first benefits seen in customs compliance and auditing.
Following a pilot project last year, the auto parts retailer plans to roll out 100 robots from Brightpick at a new facility.
While reefer trade is at the center of carrier booking suspensions because of its time-sensitive nature, many mainline carriers have put a stop to all Middle East shipments until further notice.
The proposed rule would replace a Biden-era framework used to determine if a worker is an independent contractor or an employee.
The system autonomously scans pallet locations across ambient and freezer zones, enabling weekly, facility-wide inventory visibility.
Carriers will begin to reshuffle cargo and prioritize empty vessels, which will impact freight rates, Ocean Network Express executive Jeremy Nixon said at TPM26 by S&P Global.
An expert on Yemen told TPM26 the leadership of the Tehran-backed militant group appears to be split on how best to respond to the attacks on Iran that began over the weekend.