Category: The Global Economy

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 »

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 »

How Can Cloud Computing Benefit Supply Chain Management?

This month, multinational cloud computing corporation Oracle announced that it will acquire LogFire, a company that produces cloud-based supply chain management (SCM) software for warehouses. Oracle has worked with LogFire in the past, and now hopes to leverage their SCM expertise to create a comprehensive software suite of cloud computing applications for other companies in… Read more »

Brexit: How Will It Affect International Trade?

On June 24, after months of heated deliberation, Britain voted to leave the European Union in a nationwide referendum. Soon after the results of the referendum were released, British Prime Minister David Cameron announced that he would resign from his post. Global stock markets were rattled as investors reacted swiftly – moving capital out of… Read more »

Electronic Data Exchange Rules Expected in 2018

The International Maritime Organization passed new rules that will require the electronic exchange of information on cargo, crew and passengers. According to a report from Hellenic Shipping News, public authorities must establish systems to exchange information electronically over the next few years. There will be a 12-month transitional period from the date of introduction –… Read more »

Female Drivers Changing the Face of the Trucking Industry

When you hear the words “truck driver,” what image comes to mind? If you’re like most people, you probably envision a grizzled, bearded man between the ages of about 40 and 60. Likewise, you might be surprised to learn that women comprise nearly 10 percent of the driver pool at Werner Enterprises, one of the… Read more »

How Containerization Changed the World

Prior to the 1950’s, nearly all of the world’s cargo was transported in a mixed assortment of barrels, crates, drums and bags. Each piece of cargo had to be individually loaded onto ships and then later unloaded at distant ports. Because there were so many types of goods in all shapes and sizes on each… Read more »

Benefits of Globalization and Freight Forwarding from SPEED Global Services

There used to be a time when the majority of businesses operated only in the country they were based. This meant they didn’t have access to billions of potential clients, thus limiting their profits and growth. But this is no longer the case. New technology and other forces have dramatically increased globalization over the past… Read more »

Reasons to Choose Our Trucking Services

At Speed Global Services, we understand that life is full of choices and when it comes to getting your freight across the country, or even to Canada, you have a wide range of transportation options. This isn’t, and shouldn’t be, an easy decision. Remember, this is the business that you own and operate. Decisions involving… Read more »

Advantages of Using a Foreign Trade Zone

In previous blog posts, we’ve addressed the importance of working globally, especially if you own and operate a business close to an international border, like businesses operating in Western New York. More often than not, it’s a grave disservice to NOT work internationally, that is, shipping goods and services to customers and clients in different… Read more »