Author: SPEED Global Services

Federal Maritime Commission Approves Shipping Alliance

Federal Maritime Commission Approves Shipping Alliance

              Following a tumultuous year marked by lagging shipping volumes, industry consolidation and the bankruptcy declaration of Hanjin Shipping, U.S. federal regulators have approved an alliance between four of the world’s largest container carriers. The four carriers in question are CMA CGM of France, China’s Cosco Group, the Orient… Read more »

Uber Begins Testing New Freight Carrying Service

Uber Begins Testing New Freight Carrying Service

              Since the company was founded in 2009, Uber has brought its ridesharing service to more than 500 cities around the globe. Its drivers have brought affordable public transit to new markets, and forced taxi companies to re-think antiquated business models in the face of rapid innovation. Now, after… Read more »

University of Washington Unveils Urban Freight Lab

University of Washington Unveils Urban Freight Lab

              The shipping and logistics industry is changing. Cloud computing is making it easier for companies at different levels of the supply chain to communicate and collaborate with one another. Self-driving vehicle technologies are poised to make shipping faster and more cost effective than ever. Amazon is getting closer… Read more »

Walmart to Increase Demand on Its Suppliers Even Further

Walmart to Increase Demand on Its Suppliers Even Further

                    It’s not easy being a supplier for Walmart. Sure, doing business with the largest retail chain in the world has its perks, but in order to maintain a relationship with Walmart, suppliers must adhere to some very strict guidelines. In 2010, Walmart implemented new delivery… Read more »

Maersk Will Divide Itself Into Two Separate Divisions

Since A.P Moller – Maersk was founded as a Danish steamship company in 1904, the company has grown to become a sprawling multinational business conglomerate and the largest shipping container carrier in the world. Over the course of its 112 year history, Maersk has expanded from the shipping industry into oil and energy as well…. Read more »

South Korean Courts Weigh Fate of Hanjin Shipping’s Assets

In August of this year, South Korean firm Hanjin Shipping Co. filed bankruptcy and briefly threw the global shipping and logistics industry into a state of panic. Since the initial shock has worn off, industry partners such as Hyundai have stepped in to pick up the slack, but the saga of the Hanjin Shipping bankruptcy… Read more »

Amazon Develops Plan to Compete with UPS and FedEx

Amazon may have revolutionized the world of e-commerce, but until very recently the tech giant has left its shipping and logistics needs up to industry veterans like FedEx and UPS. Sure, they’ve been teasing their drone delivery service Amazon Prime Air for years now, but this service is still very much in the R&D phase… Read more »

Buffalo SBA Loan Approvals Hit Nine-Year High

After falling on hard times during the economic recession of 2008, things are looking up for small businesses in our hometown of Buffalo, New York. This year, loan approvals from the Buffalo District Office of the U.S. Small Business Administration (SBA) topped 1,000 for the first time since 2007. With a total of 1,024 loans… Read more »

Study Highlights Risk of Sleep Apnea Treatment Noncompliance

Obstructive sleep apnea is a condition that causes the upper airway to become partially blocked, resulting in shallow breathing and interrupted sleeping patterns. It can be difficult to diagnose, especially in people who sleep alone and are unaware of the episodes. During waking hours, these sleep disturbances can cause people with sleep apnea to become… Read more »

How to Build a More Resilient Supply Chain

If there’s one thing you can learn from working in the shipping and logistics industry, it’s that no plan is foolproof. Sooner or later, something is bound to go wrong. A severe weather event might delay a delivery. A sudden spike in demand might force warehouses to reevaluate their pricing. Or, in more extreme cases,… Read more »