Ports are one of the world’s fastest-growing industries, but a growing number of global fleets are struggling to keep up with demand.
That’s because of the rising costs of transporting goods, the challenges of managing supply chains and a general lack of infrastructure.
In a new report, Port logistics analyst Blue Grace has unveiled plans to open up 100 million of its fleet by 2020, an investment that could help the sector grow in future years.
Blue Grace’s fleet will be used by international and domestic fleets, with a focus on Europe and Asia.
The company’s CEO said the focus on the automotive sector and the expansion of its logistics network will allow it to “shape the future of the industry.”
Port logistics industry growth: More than 80% of global freight traffic is carried by freight containers, but shipping container traffic is expected to reach an all-time high of almost 3.5 billion tonnes in 2020, according to the International Container Institute.
That means the industry is poised to grow by more than 40% from 2015 to 2020, the industry’s main driver.
The sector is already growing at double-digit rates and the company says that trend is likely to continue.
Blue Grass’ new fleet will come with the added benefit of being able to deliver the kind of high-quality cargo that will enable the global economy to remain resilient in the face of climate change.
The Port of Hamburg, for example, has seen a 25% jump in container traffic over the last five years.
In the past, ports would typically need to invest in a fleet of more than 50 ships, but Blue Grass has taken the plunge.
In 2016, Blue Grace signed a contract with China’s Dalian Shipbuilding Corp. to build a fleet to deliver nearly 1.3 million containers a year, a huge increase over the 1.1 million ships that are currently being built.
As container traffic rises, ports will need to look for ways to boost capacity and reduce costs to help maintain the viability of their operations.
The new fleet, the first of its kind, will be based at Port of London in the U.K., a key port for shipping around the world.
The move has already helped port traffic grow by 20% over the past five years, according a port spokesperson.
Bluegrass says that the new fleet is not a one-size-fits-all solution for the industry, but will allow Port of Bristol to offer a better product to a broader clientele and better compete with other global fleets.
“The logistics industry is becoming increasingly diversified and has grown by leaps and bounds in the past few years,” said Port of Britain’s CEO, Ian Taylor.
“This new fleet of trucks is an example of the strength and flexibility of the port’s fleet and its capabilities.”
The fleet will also be able to move containers through international airports at reduced costs.
Port of Boston recently announced a partnership with Blue Grass to develop a fleet capable of moving up to 30,000 containers a day.
Blue Grace’s new fleet comes with a unique feature: The company is able to track its fleet’s movements across the world and use a fleet management platform that tracks shipments and the speed at which they arrive.
This is similar to what FedEx and UPS do with their fleets, according the company.
The technology will allow port companies to track and provide a level of assurance for their fleets.
The platform, which is available for both commercial and commercial-use cargo, will allow them to track cargo in real time and provide feedback to port managers and other stakeholders.
BlueGrace will also provide a tool for tracking shipments and providing alerts for issues such as delayed deliveries.
The port also plans to use the technology to help the shipping industry develop new ways to improve its logistics.
The automaker says it will also create a “virtual logistics platform” to help companies better manage the logistics of the future.