Smart Truckload Solutions Cut Empty Space Costs

Smart Truckload Solutions Cut Empty Space Costs

North American companies lose significant money annually due to 'empty miles' in Full Truckload (FTL) shipping. Flock Freight's Instant Prebate program addresses this by offering discounts based on actual load size through an on-demand pricing model, avoiding payment for unused space. This program leverages shared truckload services, increasing truck utilization, reducing costs, and enabling more efficient, economical, and sustainable transportation. It aims to minimize the financial impact of underutilized truck capacity and optimize logistics spending.

Asiapacific Customs Adopts Remote Training for Capacity Building

Asiapacific Customs Adopts Remote Training for Capacity Building

The 19th WCO Asia/Pacific Regional Training Center Heads Meeting was held online, focusing on the challenges and practices of distance learning under the pandemic. Participants shared experiences, discussed innovative models, and emphasized collaborative construction, aiming to enhance regional customs capacity building and respond to the new international trade environment. The meeting highlighted the importance of adapting training methodologies to effectively address the evolving needs of customs administrations in the region and ensure continued professional development despite global disruptions.

Airlines Struggle As Aviation Value Chain Imbalances Persist

Airlines Struggle As Aviation Value Chain Imbalances Persist

A joint study by IATA and McKinsey reveals the profitability challenges within the aviation industry's value chain. The report highlights that despite its significant contributions, the airline sector consistently struggles with profitability, resulting in lower-than-expected returns for investors. The report suggests that governments should ease regulations to enable shared risk and benefit across the value chain. Simultaneously, airlines must continuously improve efficiency to attract more investment and enhance the overall profitability of the industry.

E2open CEO Addresses Supply Chain Challenges in Evolving Logistics

E2open CEO Addresses Supply Chain Challenges in Evolving Logistics

In an interview, E2open CEO Michael Farlekas shared his insightful perspectives on current logistics trends, including the direction of the freight economy, the impact of declining US port throughput, and the importance of supply chain diversification and resilience. He emphasized that businesses should proactively embrace change and build more resilient supply chain systems to cope with the complex and volatile market environment. Building this resilience is key to navigating current economic uncertainties and ensuring business continuity.

US Revamps Logistics Procurement Boosting 3PL Sector

US Revamps Logistics Procurement Boosting 3PL Sector

The U.S. Department of State is shifting from traditional logistics procurement to a 'collaborative contracting' model, presenting new opportunities for 3PL providers. This change emphasizes long-term partnerships and value creation, fostering innovation and shared risk. The State Department has announced a $2 billion logistics contract covering global embassy and consulate supply chain management. This requires 3PL companies to enhance comprehensive service capabilities, embrace technological innovation, and build cooperative relationships with the purchaser to jointly create value.

WCO Forum Seeks to Modernize Global Customs Practices

WCO Forum Seeks to Modernize Global Customs Practices

The World Customs Organization (WCO) held the inaugural Customs Work Organization Forum (CWOF), aiming to reshape the paradigm of customs work. The meeting gathered global experts to discuss key areas such as work settings, workplace design, and workforce management. The forum adopted its terms of reference and shared survey findings. The WCO plans to continue hosting meetings, conducting case studies, and developing best practice guidelines to support customs administrations in addressing the challenges of the 'new normal'.

E2open CEO Outlines Resilient Supply Chain Strategies

E2open CEO Outlines Resilient Supply Chain Strategies

In an interview, E2open CEO Michael Farlekas shared his insightful perspectives on freight economics, port throughput, and supply chain resilience. He emphasized that digital transformation and supply chain diversification are crucial for businesses to address challenges and enhance competitiveness. Companies should proactively build intelligent logistics systems and robust risk management frameworks to adapt to the ever-changing logistics environment. These strategies are essential for navigating current disruptions and building a more resilient and agile supply chain.

Echo Global Logistics Uses Tech to Counter Freight Market Slump

Echo Global Logistics Uses Tech to Counter Freight Market Slump

Echo Global Logistics executive Frank Hurst shared his insights on logistics industry trends at the SMC3 Connections conference. He emphasized the importance of agility and data-driven decision-making, while also analyzing the current freight market conditions. Echo is leveraging technological innovation to improve operational efficiency and optimize inventory management, aiming to navigate market challenges and capitalize on future opportunities. The focus remains on adapting quickly and using data effectively to stay ahead in the rapidly evolving logistics landscape.

Uzbekistan Maldives Boost Customs Cooperation in Joint Workshop

Uzbekistan Maldives Boost Customs Cooperation in Joint Workshop

Uzbekistan and Maldives Customs exchanged insights on post-clearance audit (PCA) through a virtual workshop under the World Customs Organization framework. Maldives Customs shared its experience in organizational structure, legal framework, operational procedures, departmental collaboration, and IT systems. This collaboration aims to enhance Uzbekistan's PCA capabilities and foster cooperation between the two customs administrations. The workshop provided a platform for knowledge sharing and best practices, contributing to improved efficiency and effectiveness in customs operations for both countries.

Lotte China Tourism Group Eye Postpandemic Dutyfree Growth

Lotte China Tourism Group Eye Postpandemic Dutyfree Growth

Executives from Lotte Duty Free and China Tourism Group Duty Free Corporation (CTG Duty Free) met to revitalize the duty-free industry and prepare for increased Chinese tourists as Sino-Korean relations improve. Both companies shared operational expertise and discussed tourism cooperation. Lotte is proactively planning marketing campaigns to capitalize on the market benefits of visa-free policies. The meeting signals a collaborative effort to leverage the anticipated growth in Chinese tourism within the duty-free sector.