Lulu’s Fashion Lounge Holdings saved money in Q1 by diversifying shipping carriers. At the Advanced Clean Truck Expo, Tesla’s Semi executive urged faster adoption of electric trucks. Autonomous robots now handle cargo at Munich Airport. Toyota launched Tri-gen, a renewable energy system at the Port of Long Beach. Container freight rates from Asia to Europe surged 30% as large ships divert from the Red Sea due to Houthi attacks.
Shipping Carrier Diversification Yields Q1 Savings for Lulus
Lulu’s Fashion Lounge Holdings saved money in Q1 by diversifying shipping carriers, according to CFO Tiffany Smith. This strategy led to a nearly 16% year-over-year decrease in cost of revenue, despite a 17% drop in total orders as the brand targets more profitable customers, noted CEO Crystal Landsem.
Tesla Urges Trucking Industry to Go Electric
At the Advanced Clean Truck Expo, Tesla’s Semi executive Dan Priestley urged truck makers to accelerate electric truck adoption. Highlighting the Tesla Semi’s advantages, he pushed for rapid scaling and industry-wide use of Tesla’s charging standard. Tesla plans to produce 50,000 Semis annually by 2026, with PepsiCo receiving 50 more soon.
Source: Freight Waves
Autonomous Robots Manage Cargo at Munich Airport
Autonomous robots, including a “robot dog” and transport robots, are now handling cargo at Munich Airport. As part of the €7 million Digital Testbed Air Cargo (DTAC) project, these robots enhance efficiency by performing labour-intensive tasks, aiming to optimize air freight through digitization and better networking.
Source: Inside Logistics
Freight Rates Surge Due to Red Sea Diversions
Container freight rates from Asia to Europe have surged 30% as large ships divert from the Red Sea due to Houthi attacks. This disruption has increased costs and potential delays, with importers facing higher expenses and struggling to secure shipments. Longer routes and higher fuel consumption further drive up rates, highlighting geopolitical risks in global trade.
Source: The Wall Street Journal
Toyota Launches Renewable Energy System at Long Beach Port
Toyota Motor North America and FuelCell Energy launched Tri-gen, a renewable energy system at the Port of Long Beach. Producing renewable electricity, hydrogen, and water from biogas, Tri-gen powers Toyota’s largest North American vehicle-processing facility, which handles 200,000 Toyota and Lexus vehicles annually.
Source: Supply Chain Dive
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