BMW announces new battery supply deals for the US, Europe
The automaker contracted with battery cell manufacturers Samsung SDI and LG Energy Solution as it aims for a more localized supply chain for future electric vehicles.
The automaker contracted with battery cell manufacturers Samsung SDI and LG Energy Solution as it aims for a more localized supply chain for future electric vehicles.
Slowing demand at U.S. ports is helping ease rates, but costs remain elevated on a year-over-year basis.
The cost savings opportunity will be “substantial” as the company aims to deliver 300,000 packages a year via its internal network, per CEO David Meniane.
Elevated pricing in the fourth quarter comes as shippers on the westbound trade lane prepare for annual long-term rate negotiations with carriers.
By using the technology, the footwear brand has improved misplaced inventory recovery while slashing manual labor hours and increasing counting frequency.
AI agents handled 78% of the control tower’s carrier calls end-to-end. CMA CGM, DHL Supply Chain, and Encompass are seeing…
The financing is meant to grow the NYSHEX Freight Index, which is used to price index-linked ocean freight contracts and four futures contracts that were launched in April on the Intercontinental Exchange.
Supply chains, particularly in Asia, are only just recovering from delays and port congestion caused in large part by severe storms in Asia between July and September.
Original equipment manufacturers could better identify cargo risks and relay them sooner to customers if project forwarders are consulted before contracts are finalized, attendees at an industry conference were told.
While the Journal of Commerce TCI for the third quarter rose to its highest reading since Q4 2023, the increase doesn’t reflect a broader trend in truck capacity.