Logistics Knowledge
08/10/2022 1537 Views
Developed economies and rapid industrialization has led to the exponential growth of the cargo transport industry. 85% of international trade is done using ocean freight, with most cargo being transported in shipping containers.
06/10/2022 1140 Views
The term ‘sale’ is generally described as the exchange of goods or services for financial consideration. It does not mention where a transaction should take place to qualify as a sale. Hence, it must be assumed that sale transactions or contracts can be made or drawn up from anywhere – land, sea, or air.
16/09/2022 1625 Views
Currently, the container capacity of 5 of the world’s major players in container transport is estimated at 16.4 million TEUs (Twenty Equivalent Units). More than 90% of global cargo is transported by multimodal containers.
Considering the number of containers that are in circulation around the world, to transport about 2 billion tons of cargo annually, how does one keep track of their whereabouts? How are containers identified, tracked, and accounted for?
09/09/2022 1480 Views
Intermodal shipping, transloading, crossdocking… these logistics and shipping terms can be pretty confusing.
Each of these terms may even have several different interpretations depending on where it is used and by whom. Some of them sound more or less the same. Why are such different terms used when there is not much difference between them?
23/08/2022 1185 Views
Global trade figures stood at USD 22 trillion in 2021. The slight lull in the pandemic situation since mid-2021 is seen as the major factor in this jump of 3 trillion, from the previous figure of USD 17 trillion in 2020. Along with global trade, the logistics industry and its ancillaries stand to benefit from this increase in business.
15/08/2022 1366 Views