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In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. Finally, Reliance is a leader in specialty insurance products such as usage-based cargo insurance, shippers interest policies and Mexican cargo.
This interesting article shows how CargoMetrics is using data on ship lading, IoT readings, and vessel tracking to determine the amount of trade to and from China right now. the Coronavirus problem in China has essentially caused ocean commerce to … Continue reading →
Today’s article is from Blume Global and highlights why air freight forwarders must help industry increase air cargo visibility. A driving factor is the lack of air cargo visibility. Airports, carriers, ground handlers, and logistics companies all have varying degrees of air cargo technology infrastructure.
This article quotes Carl Bentzel, an FMC commissioner, who says that there is increased concentration of the ocean shipping business, from no carrier having more than 4%, to around 10 carriers, half of whom have 12-20% each. Many supply chain … Continue reading →
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
Cargo that must be loaded, maintained and or carried at a particular temperature for it to arrive its destination without deterioration is classified under refrigerated cargoes. The quality of every perishable cargo is a function of temperature and time (depends on maintaining suitable storage conditions during the voyage).
But if you can reduce cargo and shipping damage , you can cut shipping costs. Everything from the packaging materials you use within boxes to the boxes themselves, pallets, wrap, and containers should be chosen based on the level of protection your cargo needs. Start with shock testing to gather data about your normal shipping routes.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. The specific origin data reinforces De Beers’ commitment to consumer confidence , transparency and ethical sourcing. ERP & SCM Systems (2000s2015): Centralized ERP suites (e.g.,
Incorrect cargo details and/or misdeclaration of cargo and its details has been the bane of many shipping lines over the years. The consequences of cargo and weight misdeclaration were so severe that the IMO had to implement SOLAS VGM regulations. For over two years now TT Club has been promoting its Cargo Integrity campaign.
The holidays are with us and there is a new report out warning shippers and drivers to guard against cargo theft. The July Fourth risks of losing cargo are well known in the industry. million worth of cargo was stolen in the last half a decade. What does a cargo heist look like? Key risk assessments for cargo thefts.
Cargo rollover happens for a variety of reasons, at various stages and various places. Cargo rollover can cause significant delays and result in potentially crippling operations. What most customers don’t know is that there is a reliable way to get advance warning of cargo rollover so that they can take suitable action.
We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . We've already listed the top 10 manufacturing articles, the top 10 supply chain articles, and yesterday, the top 10 logistics articles.
More Resources Home The Transformative Role of AI in Air Cargo AI Popup #4 August 25, 2024 Dive deeper into freight data that matters Learn More In the rapidly evolving air cargo industry, staying ahead of the curve requires the thoughtful integration of cutting-edge technologies.
This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at fortifying warehouse and distribution centers against cybersecurity attacks. Cybercriminals are increasingly targeting this growing sector due to the large amounts of data stored in these systems and their potential value.
In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. Some KPIs provide a clear view of the organization’s performance, whether in a simple numerical (quantitative) assessment, but also with a more in-depth look at qualitative data.
How about truckloads of cargo. When you consider the amount of information people post digitally, there is a lot of sensitive data out there, just waiting to be taken. Identity theft is on the rise and cargo theft could see a drastic increase as well. How Identity Theft Could Mean Cargo Theft. Not exactly.
In the second quarter of 2021, cargo theft experienced a 253% increase by value. In the second quarter of 2021, cargo theft experienced a 253% increase by value, according to Sensitech’s quarterly Cargo Theft Intelligence Report. It isn’t just cargo theft that can keep U.S.-based Inbound Logistics. Helen Mann.
In this article, we’ll explore how these technologies can make a difference and enhance port operations. AI-Powered Optimization for Port Operations Data-Driven Decision-Making: AI algorithms analyze historical data, real-time information, and external factors to optimize port operations.
Carriers struggle to cope with equipment shortages as transshipment ports see an increase in October cargo rollovers, reveals the latest Ocean Insights data. in October 2019, according to Ocean Insights, the world’s leading real-time and predictive ocean container tracking data provider to forwarders and shippers. in September.
What’s Holding Back Customer-Centric Air Cargo? . As the cream of air cargo’s innovators held turns on the floor, this question came up time and again. The industry’s mindset is holding customer-centric air cargo back. That was my big take from Elevate , presented by Air Cargo World earlier this month.
That is a huge success story for the air cargo industry and as promised it has brought significant efficiencies. Speed and Urgency : Air cargo is used for faster shipping options, and the need for rapid communication and tracking is more critical in this industry. Remember that there was zero airline ebooking at the beginning of 2018.
A couple of weeks ago I wrote an article outlining how cargo theft is on the rise. In the United States alone, cargo theft is a $15 to $35 billion industry. While cargo theft as a whole has increased 57 percent year-over-year, strategic theft has increased 600 percent from November to March.
The newest addition to the scene, the WSJ’s Daily Logistics Report combs through the business and logistics articles published by the WSJ team, providing a daily email at 6am EST with key information. Air Cargo World. This American based niche news site specialises in air cargo. Cargo Business News.com. ACWmagazine.
While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective. We will continue to explore the concrete steps toward a new definition agility and resilience in the next article.
This partnership brings together Turvo’s collaborative transportation management systems with OpenTrack’s container tracking and data analysis functionalities, creating a holistic tool for importers and logistics service providers alike. Getting clear visibility into inbound shipments from global suppliers. About Turvo.
The agent takes instruction from the principals to arrange the berthing, unberthing of the ship and its cargo/husbandry operations. A shipbroker is often an intermediate entity between a ship owner and a cargo owner. The below article by Mikael Lind , Research Institutes of Sweden (RISE), Jonathan C.
In this article, we share practical guidelines for choosing freight forwarding software. One of the tenets of any freight forwarding software is that it provides your organization with streamlined origin-to-destination coverage of your cargo. That’s why software developed a decade ago doesn’t cut it anymore. Times have changed.
Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. This drives an additional revenue contributions while adding strong growth potential across our data, solutions and platform business, supporting us reaching breakeven by the end of 2026.
Manufacturers may ship their products across the globe, but they lack key data about shipment location and status as packages move from sea port to port. Rotterdam’s waterways handle more than 140,000 traversing ships carrying some 460 million tons of cargo annually. Our containers are becoming smart,” he said. “So
This article first appeared in The Loadstar on June 8th, 2018. While the air passenger industry has a solid tech foundation, air cargo does not. Lufthansa Cargo chief commercial officer Alexis von Hoensbroech. Air cargo pricing is, in almost all cases, still set manually, with most rate sheets updated twice a year.
Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Automated systems and real-time data analytics allow for better management of delivery options overall. Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution.
So, fleet managers need to ask a fundamental question, “What does it mean if my drivers, assets and cargo are continuously connected to the enterprise and how can I leverage this fact to create value for my organization?”. For the details on each of these trends, please read Bridget McCrea’s full article. Technology Maturity.
It is of great interest to us to find other resources that can help aid our customer shippers in continually improving through data and analytics. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations. Spendrix brings that to the marketplace with their products.
Billions of venture capital dollars of investment are being poured into companies that can integrate real-time visibility data with transportation to provide a more informed ETA for shippers and carriers. For ocean cargo , however, if a shipment gets bumped to the next ship, it can add up to 15 days to the transit time. Final Thought.
When freight market participants are able to get a leading indicator instead of historical data, they are able to proactively plan for assets needed, capacity, and the potential price of freight for drayage and surface transportation moves that head to inland markets after ocean shipments go from the port to roads.
Managers have to ensure enough containers exist at any moment to hold cargo and enough trucks become available to transport them. In the modern supply chain, data reigns as king, and automation has become essential. Enhanced data sharing options. Access to real-time on-demand data and stats.
Logistics Management released an article on the topic, sharing that, “Matching capacity to need is going to be the key concern for shippers in 2022—almost regardless of price.” Less Air Cargo Space Due to Fewer Overall Flights. In every mode of transportation, 2022 has revealed a rate trend that continues to increase.
are set to launch on Friday [March 29, 2019], testing whether an old-school industry will embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates.” So will managing data quality, especially from trading partners, because we still have a big, crappy data problem in supply chain management.
In the meantime, here’s this week’s supply chain and logistics news: Amazon Plans Air Cargo Service for Chinese Customers (WSJ – sub. According to an article in the paper this week, “[Amazon] is planning to offer its sellers in China the ability to fly their goods internationally as air cargo, according to an Amazon Logistics site.”
Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers. Lack of adequate risk data and the non-strategic positioning of supply chain design within the organization has been a key inhibitor to success. Disruptive risks on the other hand are harder to predict and manage.
In this article, leaders will learn about five SONAR indices to build trucking KPIs that show where to root out wasted operational costs to improve overall profitability: . Carriers reporting this data are members of the Truckload Carriers Association’s TPP Program. .
Increased efficiency in computerized systems for navigation, engine control, crew management, and cargo gradually reduces the demand for on-site, in-person crews. In addition, jet propulsion cargo vessels, commonly referred to as fast ships, are making gains in certain water transportation sectors. Shipping Industry News: The Ugly.
Sometimes containerized cargo has to undergo transshipment and for various reasons may need to be moved between containers. During transshipment, certain activities have to take place in the port as containers are moved from one vessel to another, including the updating of transportation documents (will not be covered in this article).
This article examines the underlying causes of congestion as one of the key challenges facing the industry. Over time, these costs reduce profit margins on shipping and the ROI on the cargo that is being transported. They can also provide real-time data that is critical for decision-making. Potential Port Problems. Wrapping Up.
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