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Of course, you wouldn’t because it would be hard to trust the results or advice from strangers. While people find it easy to book things like accommodations online, container owners and freightforwarders or shippers looking for available Shipper Owned Containers (SOCs) often still struggle to connect with trusted partners.
Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. That’s 258 operational facilities in the US and another 486 distributed around the world (see map below, data from MWPVL ). And the career data below spells out a strong ocean slant. Amazon Fulfillment.
In this essay, we’ll explore Maersk’s shift, the unique asset-heavy carrier advantages that encouraged this decision, and individual products developed over the past four years to realize the vision, across their core ocean services, freightforwarding, and value added services. The Post-2016 Strategy: End-to-end Shipping.
Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. But, as we hear from our freightforwarder and shipper customers again and again, spot bookings aren’t everything. That’s exactly where Shipsta comes in.
Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. And, of course, then the potential recession started to tamper demand. With WebCargo Sky, forwarders can instantly price air freight shipments from nearly every global airline.
It would take days to compare multiple providers and, of course, there was no market index or transparent data to guide us. But when we eventually got a bill, it often didn’t match the price quote – freightforwarders do like to throw in an extra surcharge at the end. Freight and (In)Efficient Markets.
By Noam Fraenkel, VP Data and Analytics, Freightos. Today, Freightos is giving away statistical analysis of some 300 million international freight market data points, launching the Freightos International Freight Index (FIFI). As the VP of Data and Analytics at Freightos, I find freightdata incredibly exciting.
Freightforwarding companies face the big challenge of keeping the consequences as minimal as possible. Each of our employees can access all data from anywhere, including home. We give our customers full visibility into and access to their data at all times. How can logistics companies master them?
Freightforwarding companies face the big challenge of keeping the consequences as minimal as possible. Each of our employees can access all data from anywhere, including home. We give our customers full visibility into and access to their data at all times. How can logistics companies master them?
First, there are many parties involved in international trade,” including shippers, consignees, freightforwarders, and customs house brokers. When it comes to the exchange of information, it is of course problematic.”. That said, inherent within digital transformation is of course the transformative process itself.
Wolf | Staff Reporter December 7, 2023 The post-pandemic trend toward nearshoring of trade is on course to finish the year strong despite an earlier slowdown in broader trade activity, a shift experts view as a prelude to longer-term change. 1 Trade Partner, We’re Really at the Start of Something Much Bigger’ Connor D.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. 1 carrier stopping its dealings with even a portion of the world’s freightforwarders?
Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Data infrastructure has changed with cloud infrastructure, complex event processing (CEP) and the Internet of Things.
The data indicates that export volumes are going down month on month and import volumes are increasing, making it detrimental to the US economy and concerns have been raised by several quarters in the media. As per data from Shifl.com, the import rates did come down slightly at the end of October but seems to be rising slightly again. “
But data transparency within the logistics industry is lacking at best. Take a look at the range in carrier prices for forwarders along one the world’s busiest routes (Shanghai to Long Beach, CA), in a data snapshot from mid-December 2016. While imports flat-lined in 2016 , freight rates were anything but.
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. For Freightos, one million is proof of scalability.
Bringing Freight Online In The Forwarding Space. In 2016, the top twenty global forwarders accounted for a 60% of the freightforwarding market. Forwarders need to keep an eye on at least three new threats. Digital Forwarding. These startup digital forwarders still have significant hurdles ahead.
The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. Including, of course by leveraging global freight tech for BCOs. The Weekly Freight Update.
They’re licensed to be an ocean freightforwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Kuehne+Nagel was one of the first big freightforwarders to have price quotes and self-service directly on their homepage. Open data standards.
However, freight chatbots can instantly identify a quote request, even in email, review data sources, and upload the quote for a quick solution. . Freightforwarders no longer need to sit for hours waiting on back and forth emails. Freight chatbots help prevent issues like delayed responses from freightforwarders.
However, alternative routings that combine ocean freight and air freight reveal a tremendous opportunity to decrease cost and transit times, benefiting the entirety of the value chain. Of course, the economic viability of these types of shipments is limited to specific commodities.
Other Steps to Minimise Container Freight Costs. Of course, it’s all very well to focus on increased forecast accuracy, but the opportunities of this approach are finite. The first one should be to focus on building solid relationships with your freightforwarders and carriers. There are a few steps you can take.
And of course, this can only be done on the basis of the right data and insights. Lack of data and insights Being able to measure Scope 3 CO2 emissions is a challenge. Lack of data and insights Being able to measure Scope 3 CO2 emissions is a challenge. In most organisations, this should be well on the corporate agenda.
Shipping and freight professionals want to change their supply chain strategies post-Covid, according to a recent survey. Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supply chains.
Take a look at the Freightos Index data (based on effective pricing as at the second full week of each month, to obviate temporary GRI impacts). International freight rates 2017 by month (via Freightos Index ). Not everybody is unhappy about low freight rates, of course. But freight rates? So where is the change?
Of course in transit, the vessel may stop over at various ports en route to destination. Data collection. The data gathered at the transshipment port include determinations of the container capacities involved and required. Data on transshipment costs per unit cargo is also essential.
Bringing Freight Online In The Forwarding Space. In 2016, the top twenty global forwarders accounted for a 60% of the freightforwarding market. Forwarders need to keep an eye on at least three new threats. Digital Forwarding. These startup digital forwarders still have significant hurdles ahead.
Now of course, companies must map out the potential impacts of the Russia Ukraine war. FourKites , a provider of real-time transportation visibility solutions, has a big data set around transportation. They apply their own human expertise plus machine learning to this Big Data to predict estimated times of arrivals and pricing.
As for technology, the freight industry has undergone a veritable renaissance. Data analysis and predictive modeling are just the beginning of the industry’s new bag of tricks. In 2018, it’s going to come down to the 3PLs and freightforwarders to help bridge the gap in supply chains – for both shippers and carriers.
Often, your freightforwarder has a customs broker on staff or one they would recommend. (Of Of course, that means you need to find a freightforwarder you can trust.) It’s also sometimes referred to as “10+2” due to the ten data elements required of the importer and two from the carrier.
One of these is the option to select a different depot for the return of empty containers in the course of the release process. The container information service will centrally display the current loading and delivery data as well as the most important status information about the progress of the corresponding customs processes.
This neutral third party acts as the admin and point person for managing the ins and outs of your 3PL order fulfillment situation, as well as all other supply chain partners you may work with (for example manufacturers, freightforwarders, outsourced customer service teams, etc.). 5PL (Fifth-Party Logistics) Order Fulfillment.
Over the course of the 100 million kilometers, a total of 1,864 drivers safely used Inceptio-powered L3 and L2+ trucks in their daily operations. This focus on real-world data is a key driver of Inceptio’s competitive edge in the autonomous driving technology landscape.
According to research by McKinsey and Company, recent data shows that we have vaulted five years forward in consumer and business digital adoption in a matter of around eight weeks. Without COVID-19, it’s not inconceivable that the technology shift would have been significantly delayed.
To some extent, it was global freight in a nutshell. At this point, carriers have their own automation and data under control. This is one of the main raison d’etres for freightforwarders. In a shockingly high number of cases, the root cause is data sharing, not physically lost goods. The Solution.
However, freight chatbots can instantly identify a quote request, even in email, review data sources, and upload the quote for a quick solution. . Freightforwarders no longer need to sit for hours waiting on back and forth emails. Freight chatbots help prevent issues like delayed responses from freightforwarders.
One person’s supply chain career might be focused on the specific area of freightforwarding, for example, whereas another person’s might encompass end-to-end operational management from raw materials management to customer invoicing. Data and processes are fundamental to supply chain work. No person is an island.
These include digital technologies such as data science and artificial intelligence (AI), real-time locating systems (RTLS), 5G and the Internet of Things (IoT), autonomous vehicles, and adaptive warehouse systems. Of course, technical aids such as video conferences and collaboration tools have been a great help.
Small and midsized businesses (SMBs) may struggle with managing freight spend proactively, and some may lack the transport and freightforwarding resources available to big-box retailers and major companies. Therefore, the reverse process, freight deconsolidation, aids shippers as a tactic to keep freight costs under control.
We power the largest global freight network of more than 1,400 shippers and retailers and more than 150,000 carriers and logistics service providers. In the course of one year, roughly €55bn in freight is being processed on our platform. A leading transportation management platform connects all actors along the supply chain.
Just how strong of an environment is exemplified with its February reading, the most recent month for which data is available, of 154.1, FTR COO Jonathan Starks said that there is a feeling of optimism, or letting the good times roll, among carriers, which is supported by the TCI’s data. . “We annually and 0.9%
Most compliance managers in supply chain functions would readily agree that they hold ethical practices in high regard and likewise hold a firm moral high ground when making decisions in the course of their work. As a result, some supply chains have extensive day to day interactions with multiple brokers, freightforwarders and other vendors.
From the latest data requirements and processes, to the sheer scale of the challenge associated with new systems and software; the move from CHIEF to CDS is far from straightforward. CDS is a dramatic shift away from the previous ways of working in CHIEF, right from the way the customs declaration looks, to the new data needed.
Of course, figuring out how to balance the full suite of systems in the tech stack continues to cause other problems in knowing the actual ROI of system use. Deriving real ROI lies in bringing the data from systems through Z together and accessing those systems from a single touchpoint. Well, we cannot give you everything here.
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