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Analysis: Why the Biden Administration is Not Being Honest About Supply Chain Issues

MTS Logistics

However, despite showing the full dataset, it is not mentioned that the carriers were mainly taking losses between 2008 and 2020 (pre-Covid.). 23 of the quarters out of 48 from 2008 through 2019 saw the industry have a negative EBIT margin. Only 7 out of 48 quarters saw the industry have an EBIT margin above 3%.

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Analysis: Why Upcoming ILWU Contract Negotiations are Making Importers Uneasy

MTS Logistics

After doing some research on the negotiations, I found out that even though the automation issue originally came up in 2002, it was in 2008 that terminals negotiated a deal where it gave them the unrestricted right to introduce automation.

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Chameleon Carriers Threaten Our Safety

Logistics Viewpoints

Safety violations are tracked by the SMS, categorized under the Behavior Analysis and Safety Improvement Categories (BASICs), and added to a score for the fleet the vehicle belongs to. Under the FMCSA’s Safety Measurement System (SMS), violations are assigned a severity weight and are assessed anytime a violation occurs.

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My Thesis on FOMO for Logistics and Supply Chain Technology Has Stood The Test of Time

10xLogistics

After all the technology improvements we have made, in 2021, this cost was 8% of GDP which, according to the 2022 State of Logistics report issued by CSCMP, has not been this high since 2008. This table and information would say we are not doing that.

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How New Container Ship Orders Will Affect the Market in the Coming Years

MTS Logistics

This is what happened back in 2008 when the financial crisis hit. To put that into perspective, after the 2008 crisis there were over 4 million TEUs of capacity and in 2018, it came down to 2.84 This number – even though seems pretty significant now – is still nowhere near the 2008 figures where 6.8

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Sustainability and Decarbonization of Shipping

MTS Logistics

The International Maritime Organization (IMO) set a target to cut the sector’s carbon emissions by at least 40% by 2030 and 70% by 2050 compared to 2008 levels. If no action is taken now, this figure is expected to grow by up to 250% by 2050. The reasons are exhaust gas treatment, cleaner fuel technologies, e-fuels, and E.H2

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IMO Agrees on New Plan to Fight Shipping Emissions After Meeting

MTS Logistics

Carbon dioxide (CO2) emissions will be reduced by a minimum of 40% by 2030 (compared to 2008 levels) Annually, CO2 emissions would be reduced 20 to 30% by 2030. By 2030, the shipping industry has a target to achieve 5% to 10% of energy from non-fossil fuel sources. By 2040, CO2 emissions would be reduced by 70% to 80% yearly.