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Faced with the challenge of limited data availability, he co-founded Vizion, an API-first solution empowering cargo owners, freight forwarders, and software providers to achieve true supply chain visibility by tracking ocean freight in near real-time. With data refreshed multiple times daily, latency is reduced to 6 hours or less.
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.
As CEO of Smith-Cargo Transportation, he orchestrated a successful exit and sale to a private equity firm. He then co-founded Lean Solutions Group, where he spearheaded two successful liquidity events with private equity and scaled the company to over 10,000 employees across Latin America. Integration Capabilities: CloneOps.ai
With extensive connectivity across multi-tier supplier networks, stringent authentication, encryption, and zero-trust models are crucial for secure data sharing and mitigating vulnerabilities. The rise of cargo theft through cybersecurity loopholes demands robust countermeasures like two-factor authentication and restricted access controls.
With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform. billion events and roughly 13 million published documents. Moller – Maersk ( MAERSKb.CO ).
Hapag-Lloyd has released plans to utilize the newly developed Container Payment Portal (CPP) to accelerate cargo movement for customers and supporting terminal operators. It ensures secure, efficient, and transparent transactions, helpingHapag Lloyd’s terminal partners and customers improve cargo flow across U.S.
Diversified Port Strategies : DGL identifies and utilizes alternative port options to keep your cargo moving. This data allows supply chain managers to make quick, informed decisions in the event of a disruption, avoiding potential bottlenecks.
So, going into 2025, I would like to focus on current congestion data, global trends and what U.S. exporters can expect in the new year in regard to cargo fluidity. In Antwerp, just in February, export truck gates got restricted, and the terminal temporarily stopped newly additional import and transshipment cargo.
PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. PAXAFE’s platform decreases cargo loss while improving operational efficiencies.
More Resources Home October 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices fell 1% to $3.80/kg. kg last week.
At the event, Samsara also announced a strategic partnership update with ACSS, further emphasising its commitment to driving technology innovation across the industry. Early adopters have seen a 35% average decrease in safety events when using Connected Training. • Our future with Samsara continues to look very exciting.”
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.
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.
AMSTERDAM – July 21, 2021 – To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call data definitions. Pilot boarding place (PBP) arrival planning.
More Resources Home April 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 69% to $6.17/kg
As climate change drives up the regularity of natural disasters, supply chains must rely on real time data to thrive. . . . . Data from the UN’s research on climate change suggests that the commonality of natural disasters will continue to ramp up unless major steps are taken to tackle climate change. Real-Time Data Saves the Day.
More Resources Home May 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 12% to $3.60/kg.
More Resources Home April 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 13% to $3.66/kg
A widely recognized leader in the global logistics industry, Neel was formerly SVP and Chief Cargo Officer at Delta Airlines and VP Sales and Marketing at United Airlines. Consumers were unable to travel, eat out, or attend events (concerts, sports, cultural) so they spent online. About Flexport. Neel Jones Shah LinkedIn.
More Resources Home July 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Prices out of S. Asia dipped 8% to N.
Supply Chain & Logistics News Round-Up Sept 23rd- 27th This week I was busy attending various Climate Week NYC events, allowing me to step outside my usual bubble of supply chain and sustainability. I attended multiple events focused on the built environment, embodied carbon, digital decarbonization tools, and storytelling.
Nexxiot , a pioneer in logistics digitisation and a leading provider of TradeTech solutions, has launched its new Nexxiot Cargo Monitor , a revolutionary sensor device which, it says, delivers unbeatable connectivity and data performance in a compact, easy-to-use design.
There are a variety of external data streams that also play a role in providing better visibility and improved ETAs. Companies are partnering with data aggregators to get a better idea of when shipments will arrive. However, the nuances and granularity of the data will vary depending on the mode.
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.
Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. Freight is digitizing itself now at real scale.
The Internet of Things (IoT) is a new, real-time digitalized system that enables sensing, data collection, and sharing. Inventory Management Collect informative data on usage to make informed decisions based on supply and demand. Container Security Minimize cargo loss and theft through close monitoring of all materials.
Nevertheless, there is still a lack of transparency in logistics, as data volumes are often insufficiently filtered and processed. BlueBox Systems is the first tracking platform in the air freight sector to deliver real-time visibility of the location of air cargo shipments with highest quality data.
The global air cargo brand Turkish Cargo participated this year in Logitrans, Turkey’s most extensive international transportation and logistics fair, for the 11th time. Turkish Cargo met business partners and event participants during this time. percent in a sector wherein the global air cargo market shrank by -5.4
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.
The containers are designed to regulate internal conditions, provide real-time GPS tracking, enhance security, and provide condition data that can alert operators to any potential issues with the cargo. time data about the condition, location, and environment directly to operators. Sensor data provides hyper?accurate
Gates were closed, and no cargo was picked up or dropped off during this time. In the first quarter of 2024, 627,297 TEUs were handled, a 3% increase over the same period in 2023 (according to data from the SC Ports Authority.) Both marine and inland terminals were impacted by the suspension. In 2023, 2,482,080 TEUs were handled.
The solar battery-powered tracking devices, equipped with internal sensors and GPS will transmit data through cell networks in addition to recording shock events and ambient temperature. Hapag-Lloyd claims the devices are explosion-proof according to established standards ensuring safety for crew, cargo and vessels.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs), decreased by 3.3% January marked the tenth consecutive month of year-on-year declines in cargo volumes. The air cargo industry started the year on a weak footing.
Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. Start cargo operations and services. DCSA Port Call Data Definitions can be freely downloaded from the DCSA web site. Pilot boarding place arrival and service planning.
Visitor registration is open for Intermodal Europe 2022 , the leading container shipping and intermodal transport event which returns 8 – 10 November to the RAI, Amsterdam. We have seen a shift in thinking about innovation with new cargo owner-centric services emerging. But it doesn’t compare to live, real-time asset and cargodata.
Many receive emails alerting them of a data breach at their favorite mega-store or insurance company that exposed their personal information. Today, companies of all sizes are experiencing cyberattacks, leading to data breaches and system failures. Their customers’ were in limbo, unable to access their cargo status.
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.
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. In some cases, bad weather or political events may delay product shipments. Still, connected devices can’t help an industry whose data is largely paper based.
Geopolitical events. 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. Natural disasters. Tariffs and trade regulations. The rise of ecommerce. A Positive Example.
The COVID-19 crisis unveiled major issues within global supply chains and, as we have seen with SONAR freight data, volatility in the market. For those that make the right applications of freight data, the massive problems created by the pandemic could have been more easily mitigated.
More Resources Home September 25, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices fell 2% to $3.67/kg.
At the same time, research from George Mason University’s Mercatus Center makes the assumption that China will disconnect underwater Internet cables that are crucial to the semiconductor sector and serve as a significant data conduit between Asia and North America. The analysis quotes figures demonstrating that $3.4
Plus, extreme weather events and changing storm patterns challenge seafaring vessels. Cargo transfer requirements. A data capture facility scores the vessel on a variety of different measures, including environmental factors. Once in port, each stage can be monitored, from pilot onboarding and cargo transfer to disembarkation.
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.
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