Executives are urged to finalize plans to attend the American Home Furnishings Alliance (AHFA) Logistics Conference on June 17-19 at the Francis Marion Hotel in Charleston, South Carolina. The conference will feature keynote speaker Alex Weber, a former American Ninja Warrior competitor and motivational speaker. Topics on the agenda include the digital and AI transformation of transportation and logistics, the state of the U.S. economy and its impact on the home furnishings industry, an industry leader keynote by Kevin O'Connor, an update on ocean freight by Michael Angell, an update on California regulations by Peter Schneider, and an update on the U.S. regulatory and legal environment for transportation by Henry Seaton. Discounted hotel rooms are available until May 15. Registration is $650 per person beginning May 4, with a discounted rate of $395 for AHFA members. [113ceb1b]
The American Home Furnishings Alliance (AHFA) is organizing its upcoming Logistics Conference, scheduled for June 17-19 in Charleston, S.C. The event will feature keynote speaker Alex Weber, a former American Ninja Warrior competitor. The conference aims to address various topics related to transportation and logistics, including the digital and AI transformation of the industry, the state of the U.S. economy and its impact on the home furnishings industry, updates on California regulations, and the U.S. regulatory and legal environment for transportation. Additionally, there will be a panel discussion on supply chain challenges. Discounted hotel rates are available until May 15, and registration for the conference is $650 per person beginning May 4. [6029fba5]
The United States Road Freight Transport Market is estimated to reach USD 651.77 billion by 2029, growing at a CAGR of 3.80% during the forecast period. The market is dominated by the long haul segment, driven by cross-border trade with Mexico. The solid goods segment holds the largest share in terms of product type, and wholesale and retail trade is the largest end-user segment. The fastest-growing segment in terms of truckload specification is full truckload. The oil, gas, mining, and quarrying sector was most impacted by COVID-19, while the agriculture, fishing, and forestry sector experienced the highest growth. E-commerce companies generated over USD 4.2 trillion in 2020, with the fashion industry having the highest revenue share. The manufacturing sector, particularly electrical and electronic products, also heavily relies on road freight transportation. Key companies in the market include C.H. Robinson, Deutsche Post DHL Group, J.B.Hunt Transport Services Inc., Knight-Swift Transportation, Landstar System Inc., Old Dominion Freight Line, Ryder System, United Parcel Service (UPS), Werner Enterprises Inc., and XPO Logistics Inc. [11c639ed]
The North America Freight and Logistics industry is projected to reach a value of $1.89 trillion by the end of 2029. Factors contributing to this growth include increased demand for goods from North American countries in emerging economies. The industry experienced a year-on-year increase of 5.31% in 2022. Significant investments in infrastructure from the US, Canada, and Mexico governments are driving the sector forward. The United States leads the regional GDP contributions and has allocated over $703 million for port infrastructure development. Volatility in natural gas and gasoline prices may affect the transportation sector. Key players in the North America Freight and Logistics market include C.H Robinson, Deutsche Post DHL Group, FedEx, Kuehne + Nagel, and United Parcel Service. The market remains fragmented, promoting innovation and improvement within the industry. [14b1d3b9]
J&T Global Express, a logistics provider, achieved significant growth in Asia, expanding its business volume and improving operational efficiency and service quality. In 2023, the company's total revenue reached USD 8.85 billion, a 22% year-on-year increase. The total number of parcels handled for the year rose 29% to 18.8 billion. J&T Global Express reinforced its leading position in Southeast Asia, achieved profitability in its China business, and registered rapid growth in emerging markets. The company also became a public-listed company in Hong Kong. It has improved and strengthened local infrastructure in the Middle East, North Africa, and Latin America, with a network coverage rate exceeding 95%. J&T Global Express was ranked top five in parcel volume in Brazil, Mexico, Saudi Arabia, and Egypt in 2023. The company plans to deepen cooperation with e-commerce platforms, strengthen infrastructure, enhance operational efficiency, and invest in technological innovation and sustainable development. [2af0cdf9]