Trucking Operational Costs Reach Record High in 2022, Affecting Carriers' Financial Stability
According to the American Transportation Research Institute (ATRI), running a trucking business has become more expensive due to rising fuel, wage, and equipment costs.
Remarkable Surge: EV Sales Skyrocket by 55% in 2022
While the United States experienced a remarkable over 50% increase, China leads the global market with nearly 60% growth in EV sales, retaining its position as the largest EV market worldwide.
Maersk expects a 2.5% drop in container shipping volume this year
CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years.
Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022
With full-year revenue skyrocketing to $81.5 billion - a 32% increase from 2021’s $61.8 billion mark - the company is celebrating… cautiously
Intermodal freight experienced a difficult year in 2022
In order to increase total intermodal volume, Intermodal freight should focus on ensuring a sufficient number of containers and chassis are readily available at intermodal terminals to meet customer demand.
Automation is the biggest supply chain trend of 2023 after inventory bulk of 2022
Automation can be used to improve various aspects of warehouse operations, including order picking, packing, and shipping.