Container Port Performance – Top 10 Ranking
Efficient ports are crucial for global trade and economic development. They handle over 80% of global merchandise trade, with containerized cargo playing a significant role. Well-functioning ports attract investment, foster growth in manufacturing and logistics, and create jobs.
Improving port performance reduces trade costs, enhances food security, improves resilience, and reduces emissions. The Container Ports Performance Index (CPPI) tracks port performance globally, highlighting areas for improvement.
Here are the top 10 Performing Ports
- Khalifa Port
- Cartagena (Colombia)
- Tanjung Pelepas
- Port Said
Check out the Publication here
Brokers, forwarders adjust course as market softens
A decline in freight volumes, geopolitical concerns and cost inflation were top of mind for customs brokers and freight forwarders, according to Descartes’ eighth annual benchmark survey.
Of the 272 participants polled by the supply chain software-as-a-service provider, most noted that while overall freight demand has fallen, shipment sizes have continued to increase, albeit at a slower rate than last year.
Twenty-nine percent said shipments were more than 5% larger than last year while 25% said shipments were as much as 5% larger. The growth rates were up against tough comparisons as nearly 70% of respondents reported bigger shipment sizes in 2022.
FedEx Express increases robatic arms use at Memphis World Hub
FedEx acquired 12 new parcel-sorting robotic arms from Plus One Robotics and Yaskawa Motoman at its primary Express sorting facility in Memphis, Tennessee, according to a May 10 news release.
The FedEx Express Memphis World Hub now has a total of 16 robotic arms in its Small Package Sort System, as the delivery giant previously installed four arms from the companies in 2020. The arms pick packages from a collection bin and place them on a conveyor belt to be scanned and inducted into the system, per FedEx’s website.
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