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More Resources Home Navigating the Waves: Exploring Digital Booking in Ocean Logistics at TPM 2024 Judah Levine The sessions at this year’s TPM, the preeminent North American ocean freight conference, was more focused on the role of technology in ocean logistics than ever.
Instant eBookings on the Freightos platform have enjoyed a staggering compound annual growth rate (CAGR) of 272% in the last 3 years, with growth dominated by airline bookings. Remember that there was zero airline ebooking at the beginning of 2018. There is progress in digitalizing ocean freight, but its been slow and inconsistent.
Consultant Jon Monroe is optimistic that carriers can reduce their charter exposure to shrink their effective fleet sizes and Jan Tiedemann of Alphaliner argued that new deliveries will be more staggered than expected, and together with an increase in scrapping could avoid an extreme state of oversupply.
WebCargo received its first airline API in 2018, and by last year there’ve been dozens more airlines sharing data by these APIs, enabling more than a million eBookings a year on WebCargo. Here’s How We Get There Part of the frustration stems from comparisons to other, similar industries including air travel for passengers.
This year’s recent TPM – the annual transpacific maritime conference hosted by the Journal of Commerce in Long Beach, CA at the end of February – was a combination of post-pandemic debrief, projections for the rest of the year and beyond, and lessons learned.
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