Triton grows container fleet with $2.6B investment
The container company Triton, decided to order around $2.6 billion of new containers representing around 890 000 containers, to help with the containers lacking and are expected to be delivered by July, according to the CEO Brian Sondey.
As logistics providers company are seing their demand for moving inventoryincrease they are also witnessing manufacturers struggling to follow with consumer demand for goods. Thats why after an increasing of ocean carriers as well as freight forwarders activities, company like Triton decided to purchase these containers.
For example, the Port of Los Angeles' import volume is increasing whitout stopping year-over-year until reaching in March 490,115 TEUs - which is 65 percent more than the same month in 2019. And this 2021 March was the busiest month that long beach port ever experienced. The direct effect of this demand was to cause container radical prices jump.
Hapag-Lloyd finally announced last month the decision to order 150,000 TEUs of both dry and reefer containers, as well as 8,000 TEUs of special containers, citing a lack of containers to explicate their $550 million investment.
Prices of the containers should then follow the offer and demand law and so being decreasing.
Port Author
Post source
A fractured bridgeadded to a closed pipeline led to the supply chain backbone of the nation to be fragilized
This week was marked by a series of problems related to the functioning of the infrastructure in the eastern part of the United States. This week was marked by a series of problems related to the functioning of the infrastructure in the eastern part of the United States. These events contributed to a slowdown in the transportation of goods, which led to an increase in surcharges, proving once again how the different elements of the supply chain are linked and the problems that arise are reflected throughout the supply chain.
Contractor Michael Baker of the Arkansas Department of Transportation discovered a crack in the Hernado de Soto Bridge on I-40 at a steel support beam over the Mississippi River that poses a real danger.
The I-40 crossing the Mississippi River is an extremely important link in the nation's supply chain, crucial to move goods between the East Coast to the Southwest with over 35,000 vehicles per day. Redirecting traffic onto I-55 is the only solution, even though it already carries 40,000 vehicles per day. Each day the bridge was closed represented a $2.4 million loss to the Arkansas Trucking Association.
But the consequences of this crack have been extended to the maritime traffic passing under this bridge. Indeed, it is not possible to take the risk of passing ships underneath knowing that the bridge is fractured. This waterway represents an important artery of the inland maritime traffic since more than 470323 tons of goods transit under this bridge every day. The barges that bring up and down tons of soybeans, fuel oil and corn have no choice but to transit the Mississippi River since there is simply no alternative to this river. The river was closed for 3 days while experts determined if passage under the bridge would be possible.
Matt Leonard
Flytrex now offers drone deliveries in partnerships with Walmart and North Carolina retailers.
After the Federal Aviation Administration granted Flytrex permission to fly over people, the company announced this week in an emailed press release that it was launching its drone delivery program in Fayetteville, North Carolina.
The company will provide deliveries of orders made at Walmart via their own app and will provide delivery by Walmart order to the designated address and will be trackable in real time via phone.
The FAA permit will allow deliveries within a one-mile radius to retailers or individuals, which is just over 2,000 homes in that circle.
Flytrex's drones are said to be able to carry 2.5kg over a maximum distance of 3.5km, which in reality represents a very large delivery area. This is after an announcement last year by Walmart that it was partnering with Flytrex to deliver household essentials and basic necessities. The targeted customers are primarily those living in homes with enough space to receive the drone without complicated maneuvers. The shipments would then be sent from a specialized shipping platform that is sterility controlled.
The drone will reach the established delivery area and will fly statically over this area before descending only after the recipient has noticed the presence of the drone and has accepted the request by mobile confirmation.
According to the Virginia tech team, the survey they did showed that 87% of the respondents liked the idea, that 89% would use it and that 14% already did it.
Matt Leonard
