Regency Freight Services Ltd posted on LinkedIn (2024)

📌 Businesses are actively pursuing tangible supply chain improvements through the adoption of innovative AI solutionsThe initial strides indicate specific areas where logistics operators foresee immediate benefits from generative AI, an emerging technology capable of swiftly analyzing vast datasets, making predictions, and engaging in human-like interactions. Since its emergence in late 2022, companies across various sectors, from law firms to manufacturers, have been exploring its potential advantages. Early applications have focused on expediting tasks like decision-making, software development, and report generation. In the logistics realm, initial implementations have included the deployment of chatbots to manage customer support tasks such as shipment tracking and load booking.Read the full article 👇#regencyfreight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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✅ UK cars reaching Russia – exports from ex-Soviet countries bypass sanctionsSpectacular growth in UK automobile exports to Azerbaijan and a near-simultaneous rise in similar exports from the former Soviet state to Russia has heightened speculation of sanctions circumvention.UK makers cannot export cars to Russia; however, analysis by Sky News indicates they are selling a significant number of vehicles, especially luxury models, to former Soviet states, which then appear to be moved into Russia.The news team cites recent figures from HM Revenue & Customs (HMRC) showing direct car exports to Russia have remained at zero since sanctions began in 2022, but this January, UK-manufactured cars worth £43m ($54.3m) were shipped to Azerbaijan.Read the full article 👇https://lnkd.in/gHmFA-Cc#regencyfreight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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✅ Asia-Europe carriers revise FAK rates in fight to rein in revenue erosionWhile container spot rates on the transpacific are falling steadily week on week, the decline in Asia-Europe rates is accelerating, prompting ocean carriers to announce revised FAK (freight all kinds) rates for April on the tradelane.From 1 April, Hapag-Lloyd’s new Asia-North Europe FAK rates will be $1,600 per 20ft and $3,000 per 40ft, while for western Mediterranean ports, the rates will be $2,800 and $3,500.And MSC’s new FAK rates for North Europe, from the same date, will be $2,280 per 20ft and $3,800 per 40ft, and for the west Med will be $3,150 and $4,300.Read the full article 👇https://lnkd.in/gmFDnYpU#regencyfreight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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✅ Anger as new EU law on emissions and forced labour is watered downLarge companies in the EU are closer to having to address their contributions to global warming and use of forced labour in supply chains.Yesterday, the European Parliament Legal Affairs Committee agreed a new directive – but what was voted on was described as a “watered down” version that won’t have as big an impact as anticipated.The Corporate Sustainability Due Diligence Directive (CSDDD) will require firms to alleviate the negative impact of their activities on human rights and the environment by tackling forced labour and global warming.Read the full article 👇#regencyfreight #airfreight #oceanfreight #roadfreight #logistics #logisticsUK

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✅ AI and the Supply Chain: What’s in Store in ’24?The transportation and logistics industry is still lagging far behind other sectors in taking basic steps toward automation of manual processes. According to Accenture research, 76% of transport and logistics firms believe that a continued lack of focus on digital abilities will seriously damage their business.So what’s the outlook for 2024? Following are some ideas about what lies ahead, and how AI can help business leaders respond to market challenges.Read the full article 👇#regencyfreight#freight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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✅ How to Overcome Challenges by Implementing Technology in Supply Chain ManagementDigitalization is visibly transforming almost every space, but perhaps the biggest impact that the concept is making is in the logistics and manufacturing sectors.Standing on the edge of growing globalization, elevated product complexity, and ever-changing customer demands, companies are using an advanced set of technologies in the supply chain to expand their business innovation.Read the full article 👇#regencyfreight#freight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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✅ Geodis to continue operating own capacityGeodis will continue offering its own-controlled freighter capacity until at least the end of the year.The freight forwarder’s leased Airbus A330-300P2F, operated by London Stansted-headquartered Titan Airways, is currently performing three rotations per week between the UK and China, carrying e-commerce goods.Read the full article 👇#regencyfreight#freight#airfreight#oceanfreight#roadfreight#logistics#logisticsUK

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⭐️ Happy International Women's Day to all the incredible women, and the amazing women in the Regency Freight Services Ltd team! Your passion, innovation, and commitment are the driving force behind our success. Today, we celebrate your achievements, recognize your contributions, and honor the strength you bring to our workplace. Here's to breaking new ground and reaching even greater heights together! #IWD2024 #WomenInLogistics #TeamSuccess #regencyfreight

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Happy Friday !Regency Freight are excited to support another client with a CFM56 movement, wishing all our clients and freinds a great weekend 😎 🛫

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