During the FreightWaves Net Zero Carbon Summit, Paxafe CEO Ilya Preston emphasized the power of AI and precise data in optimizing the global cold chain. By reducing product loss and improving operational efficiency, Paxafe’s AI-driven platform helps clients in industries such as pharmaceuticals and production. With over a billion tons of food wasted every year, the integration of technologies like IoT devices for real-time tracking is essential to address this issue. Preston emphasized the necessity of clearly defining optimization goals to direct strategic investments in cold chain management.

#ColdChain #Sustainability #AI #Logistics #FoodWaste

Source: FreightWaves

Last week, the International Longshoremen’s Association (ILA) unanimously supported a potential strike at U.S. East and Gulf Coast ports unless a new contract with employers is secured by October 1. The current Master Contract expires on September 30, and a strike could disrupt operations at six of the top ten U.S. container ports. It could result not only in impacting over half of the nation’s inbound containers but also in posing risks to the holiday season’s supply chain. While the Biden administration has stayed out of these negotiations so far, like a move last used in 2002, invoking the Taft-Hartley Act to address the situation might be considered.

#SupplyChain #PortStrike #Logistics #ILA #ContractNegotiations

Source: Freightwaves

In 2024, especially in the logistics sector, hidden fees are becoming a critical issue for both consumers and businesses. Companies that manage heavy-duty transportation fleets are facing challenges with the lack of transparency in pricing, particularly within Full-Service Leases that limit flexibility and bundle costs. In response to the problem, there is a growing shift towards options for more transparent Unbundled Leases (UBL) that offer potential savings and clearer cost management. With new legislative and regulatory measures being introduced in states such as New York, Illinois, and California, and the White House working to cut the $90 billion spent annually on hidden fees, it’s clear that addressing these fees and understanding is essential to maintaining profitability and operational effectiveness. For a more efficient future, we must all take action to embrace transparency and optimize cost management strategies.

 #Logistics #Transparency #CostManagement #UnbundledLeasing #BusinessEfficiency

Source: CCJ Digital

Although Canadian National Railway and Canadian Pacific Kansas City have resumed operations as of August 22 after government intervention, it could take weeks or even months for the rail network to be in full recovery. The labor dispute led to shipping embargoes, a lockout, and a backlog of freight, particularly hazardous materials. Experts say that for each railroad to stabilize operations, it may take up to a week, and with ongoing labor issues and limited rail options contributing to potential delays, it may take longer to clear accumulated freight.

 #RailLogistics #SupplyChain #Freight #CanadaRail

Source: Supply Chain Dive