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Lionel van der Walt and Joe Lynch discuss revolutionizing freight forwarding using tech, which is exactly what Raft.ai About Raft Raft is the intelligent logistics platform that’s rewriting the technology playbook for freight forwarders and customs brokers in the automation era. IATA’s U.S. cargo subsidiary.
Corey is the Chief Growth Officer and his team lead enterprise initiatives at PortPro, an innovative technology company that keeps the drayage industry moving efficiently with its operating platform built for drayage trucking companies, brokerages, and those that do both.
Bill is the President and CRO of Transflo, the trusted industry leader in mobile, telematics, and business process automation solutions to the transportation industry. Bill Vitti joined Transflo as President in early 2022, with more than 25 years’ experience in the transportation industry. About Bill Vitti . About Transflo.
Keith is the Director of Operations at The National Motor Freight Traffic Association (NMFTA) , a nonprofit membership organization that represents the interests of less-than-truckload (LTL) carriers. Tune in for an expert take on the significant changes happening in the LTL shipping industry. all asset-based carriers.
Freight Forwarding Basics with Miles Varghese. Miles Varghese and Joe Lynch review and discuss freight forwarding basics. A freight forwarder is an agent in the supply chain whose objective is to organize a shipment, acting as the intermediary between the exporter or importer and transportation companies. About Miles Varghese.
Will freight brokerage pricing evolve toward a discounted, transparent fee model like stock brokerage pricing? To answer that question, let’s examine some of the similarities between the two industries. Back in the 70’s and 80’s full-service stock brokerages dominated the industry. The industry leaders, like Merrill Lynch, E.F
The logistics industry is taking on a different shape and approach every day. The change is constant, and changes in the logistics industry come from multiple directions. The logistics industry controls and contributes to the economy of any country as they bring in foreign currency.
Well, ocean freight makes that possible. That’s ocean freight in action. When you’re working with ocean freight, you’ve basically got two main ways to ship your goods. From a supply chain perspective, the documentation side can be arduos. Think about it this way – that coffee you’re drinking?
Curtis documents and shares challenges, progress, and goals in a collaborative and community driven way. Curtis has spent 16 years in the LTL industry – 8 of those with Old Dominion Freight Line, and the last 8 with Reconex, FreightPlus, and Understand LTL – which he recently launched as an LTL focused education firm.
He attended Nebraska Wesleyan University before dropping out 6 credits shy of a degree to start BasicBlock and radically upturn an industry. BasicBlock has quickly become a leader in freight factoring, and its tools provide streamlined, efficient and cost-effective financial services for fleets and carriers worldwide.
Sreeni is Associate Vice President at Emtec Digital , a global technology services company that provides digital software engineering and transformation solutions to clients across multiple industries. Sreeni has a passion for helping customers across industries to realize their digital transformation vision using emerging tools/technologies.
When asked about this for the 2021 MHI Annual Industry Report , 53% of the supply chain professionals surveyed said they are investing in robotics and automation technologies, while 54% are investing in cloud computing and storage. Do Enable Real-Time Document Sharing Capabilities. Do Enable Real-Time Document Sharing Capabilities.
Autonomous Vehicles: Autonomous ground vehicles, such as self-driving trucks, address long-haul and heavy freight logistics. This limitation confines drones to specific, smaller deliveries, whereas autonomous vehicles are suited to freight. This approach also aligns drone usage with regulatory and logistical constraints in urban areas.
Andy is the Founder and CEO of Bahr Transportation , a FTL brokerage, focused primarily on serving the food & beverage industry, in the USA & Canada. Andy Bahr is the Founder and President of Bahr Transportation , a FTL brokerage focused primarily on serving the food & beverage industry, in refrigerated freight.
The industry-leading AscendTMS system ( www.TheFreeTMS.com ) is the world’s first and only TRULY multi-tenant, cloud-based, patented, and independent TMS system – and is the winner of every available industry technology award for 18 years running. It has a user-friendly interface and a comprehensive documentation library.
Felipe Capella is President, COO and Co-founder of Loadsmart , a leading digital freight technology company. Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Documentation and billing.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
wholesale, logistic business and people concept – manual worker and businessman with clipboards at warehouse explain a bill of lading document. The bill of lading (BoL) is an important document in the shipping industry to better understand its meaning and implications for operations. When You Should Use Them.
Engaging a freight forwarder to assist with your imports can reduce headaches and allow you to focus on your core mission. Document Complexity. The complexity of documents varies widely depending on the industry. Not all freight forwarders provide this level of service and expertise. Customs Clearance Process.
While you don’t want to forget any of those documents (no matter how numerous or tedious they may be), there’s one you definitely want to become familiar with: the bill of lading. A bill of lading is one of the most common – and important – documents in the shipping and logistics industry. What’s on a Bill of Lading?
Prior to joining Echo, Waggoner founded SelecTrans, LLC, a freight management software provider based in Chicago, Illinois. Its industry-leading, proprietary technology supports clients by addressing a lack of visibility into their supply chain and provides a more robust, data-driven means of reporting. Echo Global Logistics , Inc.
You didnt expect freight to take this much time. Thats when most businesses realize the value of a freight broker. But heres the hard truth: not all freight broker services are created equal. What Is a Freight Broker, Really? Why Use a Freight Broker? Anyone can say theyre a great freight broker.
Matt drew upon his background at Uber Freight to tackle the massive problem of building a new structure for the legacy transportation payment system that supports the global supply chain. That is why industry leaders like J.P. Morgan, Index Ventures, Founders Fund, 8VC, Susa Ventures, Flexport, and 50 industry-leading angel investors.
What would it look like for the logistics industry if a border closure from the trade war was put into place by either Mexico or Canada? The impact would affect personal travelers and the logistics industry alike. Key impacts for Supply Chain and Freight Forwarders in the U.S. travelers at the start of spring break, and the U.S.
Staying on top of the ever-changing omnichannel service options and keeping track of supply chain documents and freightdocuments remains vital for continued growth and success within competitive markets. Supplies big and small and all logistical teams and supply chain management teams can suffer from poor document management.
One such technology taking the industry further than before is intelligent document automation. Although automated document processing platforms often advertise cookie-cutter packages, it’s important for freight companies to first examine their own needs before trying to fit in the offerings of a platform.
In shipping, documentation, freight insurance, terminal problems, and trucking shortages are just a few of the problems we face today. But the biggest issue to address in the documentation category is the bill of lading (BL). Express release is the fastest and most convenient method industry wide.
Tapan Chaudhari and Joe Lynch discuss the internet of trucking (IoT) which refers to all the connected devices and sensors that are being used in the trucking industry. Tapan Chaudhari is the Founder and CEO of TruckX , a technology firm focused on the trucking industry. TruckX is a technology firm focused on the trucking industry.
10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Every industry has dealt with the fallout or repercussions caused by COVID-19 -related disruptions to the supply chain.
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Maritime Industry. Trade is the reason all above businesses from 1-5 exist.
Let’s start with some definitions of what a freight forwarder is. A freight forwarder is a person or company that coordinates and organizes the movement of shipments on behalf of a shipper by partnering with carriers who transport cargo by ships, airplanes, trucks, and railroads.
Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freightindustry by storm. Let’s take a quick look at what these terms mean and what it is all about. Digitization may be defined as the transition from an analog format to a digital format.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. This is why it’s important to map out your entire freight operation. What is Supply Chain Efficiency?
AI in Logistics: Optimizing Routing, Freight, and Carrier Coordination Among the most data-rich areas of the supply chain, logistics operations stand to gain significantly from AI in supply chain automation. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
By entrusting the complexities of freight shipping to third-party logistics services, you can significantly alleviate stress and focus on your core business activities. Freight forwarding, a critical aspect of supply chain management, is all about transporting and delivering your shipments.
The world of ocean shipping, freight, maritime, logistics, supply chain, and trade is a complex world with stakeholders having to navigate a quagmire (always wanted to use this word in a sentence ) of processes, documents, regulations, and standards.
Air freight forwarding emerges as a key player in this scenario, offering speed and reliability that can significantly impact business operations. However, it’s important to choose the right service provider, as not all freight forwarders are created equal.
Mitch Violett is a Principal Product Manager at Convoy focused on building products to increase the efficiency of delivering freight and improve the experience for everyone involved. Mitch has an MBA from the University of Washington and a Bachelor of Science in Industrial Engineering from Montana State University.
With the official departure from the European Union on 31st January 2020, followed by subsequent negotiations and agreements, the impacts continue to reverberate throughout the industry, raising questions about its future trajectory.
Whether you’re new to the freight forwarding industry or you’ve been in this line of business for a long time, it’s easy to marvel at how the industry has evolved in recent years. Software that facilitates streamlined, efficient, affordable service is crucial to your success as a modern freight forwarder.
With all industries understanding its importance have moved ahead with digital and online platforms, the freight forwarders have also embraced the technology. In a recent survey, it was said that around 92% of freight forwarders are partnering themselves with technology to optimize their processes and to add value to customers.
Personal shippers and businesses should be taking advantage of the opportunities presented by the existence of freight forwarders. For example, a recent survey of 100 randomly selected people showed that many are not conversant with shipping industry terminologies, let alone the services. So, what is freight forwarding?
In most cases, air freight is the most expensive shipping method. Shipping cargo via air freight can be the best option if speed to market is your highest priority. No matter why you choose to ship by air, there are several critical considerations before committing to air freight shipments. Volume Weight vs. Actual Weight.
Understanding the fees involved in importing cargo via ocean freight is crucial for importers to ensure fair and transparent transactions. Appropriate Fees in Ocean Freight Shipping: a) Ocean Freight Charges: The total cost of transporting goods via the ocean.
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