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Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. WebCargoNet’s focus has been more on the carrier-forwarder relationship and has also placed more focus on air freight. An Industry On The Verge Of Change.
As a disclaimer, WebCargo , a Freightos Group company, does offers digital services to global forwarders and carriers, including online sales portals, digital eBooking, multimodal rate management and the Freightos.com freight marketplace. . For Maersk, June of 2016 was the breaking point. The Post-2016 Strategy: End-to-end Shipping.
This is particularly true on the air cargo side… but certainly not limited to air. Freight is digitizing itself now at real scale. Crucially, the platform concept means that airlines don’t need to build one-off connections with each freight forwarder and that forwarders don’t need to update dozens of APIs a year.
10 Controversial Freight Predictions For 2016. There’s been several great predictions for logistics in 2016. Well, that’s China’s 2016 prediction. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions.
10 Controversial Freight Predictions For 2016. There’s been several great predictions for logistics in 2016. Well, that’s China’s 2016 prediction. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. In 2016, he was recruited to join MacroPoint. One hundred percent of our customers are in trucking and logistics including ~10,000 motor carriers and ~800 freight brokers.
Amazon’s Prime membership has been available in India since 2016. Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups. They estimate $223 million in cargo was stolen across all theft events in 2022. The average value of cargo stolen in an event was $214,104.
Online freight marketplace Freightos acquires Spain’s WebCargoNet (TechCrunch). ports and beyond, said shippers, importers and freight forwarders. bound cargo has been delayed at the point of origin, and cargo-laden Hanjin ships are unable to get into U.S. Help With Shipping Crisis (WSJ – sub. UPS Announces U.S.
It was a relatively quiet week for supply chain and logistics news, with robots and weak freight demand dominating the headlines. Air cargo firms feel the pressure from plunge in freight prices (Reuters). The post This Week in Logistics News (July 4-8, 2016) appeared first on Talking Logistics with Adrian Gonzalez.
Round extension led by GE Ventures, after 600% order growth in six months following the Freightos Marketplace launch and adoption of Freightos software by 1,000 freight forwarders. In August 2016, Freightos acquired WebCargoNet , a Barcelona-based technology provider of air cargo rate management and eBookings. Jonathan Pulitzer.
We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trends: The First 7 of 12. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year.
Freight Rates News. Freight and logistics trends that rate in the news. OUR TAKE There is a lot more flexibility with parcel delivery, but some aspects of this change also applies to freight. IHS Identifies Top Five Trends in 2016 That Will Shape the Global Maritime Industry for the Coming Decade. DECEMBER 2015.
Accenture Releases Enhanced Ocean Cargo Pricing Software to Provide Greater Pricing Visibility for Carriers. February 2016Freight Transportation Services Index (TSI). Finally, if you’re keeping a pulse on freight activity in the U.S., the Freight Transportation Services Index (TSI) fell 0.7
Amazon has launched Amazon Air , its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market where it has deployed more than $6.5 in 2016 with over three dozen Boeing freighter aircrafts. India is the third market where Amazon has launched its freight service.
Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU. Variability abounds.
iContainers, Expedia for transporting freight internationally, raises $6.7 Freight Rates Push Lower as Truck Capacity Outweighs Demand (WSJ – sub. April 2016Freight Transportation Services Index (TSI). April 2016Freight Transportation Services Index (TSI). million (TechCrunch).
Freightos CEO, Zvi Schreiber, recently dubbed 2016 as the “ year that the freight industry goes online.” ” Some freight services, like rate quoting, have now reached the tipping point. On Freightos, for instance, forwarders and shippers can create a freight quote in 30 seconds.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S.
2016 was an incredible year for tech in logistics as companies both large and small are working on some transformative technologies not just for logistics, but for society as a whole. Here’s a few interesting tech advancements in 2016 that were important for the year, but could also point to what’s to come in the near and long-term future.
Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. While Facebook is looking at virtual reality, Alibaba and Amazon are looking more at freight. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.
Transervice Announces Launch of Tech-Based Freight Management Company. announced the launch of Transervice Integrated Solutions (TIS), a tech-based freight management entity that will leverage “its proprietary technology to fulfill company backhauls and provide freight management and brokerage services.” FAA says 181,000 U.S.
Robinson Opens Second Air Freight Screening Facility. November 2015 North American Freight Numbers. Robinson announced that it opened “a new state of the art certified cargo screening facility (CCSF) in Carson, CA.” Once cargo is screened, it can be quickly transferred to or from the airlines.”
Another Friday where I have limited time, so let’s go straight to this week’s supply chain and logistics news that caught my attention: Uber to move freight, target trucking for the long haul (Reuters). Trade in 2016 to grow at slowest pace since the financial crisis. UPS And CyPhy Works Test Drone For Urgent Commercial Delivery.
Future of brokerage: Cargo Chief to bet on pay for time ( Overdrive ). December 2015 Freight Transportation Services Index (TSI). Cass Freight Index Report January 2016. Federal Maritime Commission to become a licensed ocean freight forwarder — it seems like the company is well on it’s way to executing this plan.
New Transport Mode to Redefine Freight Movement. July 2016Freight Transportation Services Index (TSI). The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. Cargo owners such as consumer products maker Dorel Industries Inc and the U.S. project44 Raises $10.5M
A version of this article originally appeared in The Journal of Commerce (August 6, 2016). Plummeting freight rates mean that under 50% of logistics providers turn a profit on ocean shipping, while threatening competition from industry newcomers like Amazon and Alibaba spell out unprecedented challenges for the logistics industry.
Freightos Launches First International Freight Marketplace to Power $2 Trillion Worth of U.S. Ryder Reports Second Quarter 2016 Results. The same routing and pricing technology now powers the Freightos Marketplace giving SME importers and retailers the unprecedented ability to compare, book, and manage freight rates in real-time.
The International Maritime Organization’s (IMO) new requirements go into effect on July 1, 2016, stating that all packed containers must have verified gross mass weights reported to the carrier and terminal before loading. Shippers, beneficial cargo owners or non-vessel-operating common carriers (NVOCCs) are responsible for verifying weights.
Cloud Logistics Announces Banner Results For The First Half of 2016. As reported by The Seattle Times , “Amazon will fly its latest Boeing 767 widebody jet freighter, publicly revealing the new ‘Prime Air’ branded livery of its fast-growing fleet of used cargo planes” at today’s Seafair aerial display over Lake Washington near Seattle.
March 2016Freight Transportation Services Index (TSI). According to the press release : The trial run, part of a larger research and innovation project, was conducted between January and March 2016 in the Bavarian community of Reit im Winkl. California Shippers Face Trucking Surcharge (WSJ – sub.
Amazon partners with Atlas Air Worldwide for cargo services (MarketWatch). Study: Biggest trucking firms outsource over 42% of their freight (FleetOwner). XPO Logistics Announces First Quarter 2016 Results. New components, like LeanDex for freight rate indexing, have applicability across many of our 7,500 customers.
I’m on borrowed time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: DAT Freight Index Hits All-Time High in September. Spot freight availability was 74 percent higher than in September 2016. Bpost to Buy Radial for $820 Million (WSJ – sub. There were 6.6
This tremendous growth was driven by freight shipping, which scaled in size but didn’t significantly improve underlying technology, getting bigger, not getting smarter. In an era that has embraced data technology for improving everything from entertainment to finance, freight is still manual. Annual Imports.
Which brings us to international freight. It’s challenging to get fixed prices for global freight. In 2016 many companies abandoned their fixed-price contracts to avail themselves of the low spot market. In 2016 many companies abandoned their fixed-price contracts to avail themselves of the low spot market. Until today.
Amazon is even entering the transportation space, signing agreements with the Air Transport Services Group and the Chinese government to enter into the freightcargo business – effectively cutting out the middleman.
26 April 2016 marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy. Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. Significance. Significance.
The industry had a very clear objective for the next decade: Keep costs low Stay lean Remain efficient Due to this slow and steady approach, the logistics industry was able to keep margins stable even when it faced overcapacity in 2016—which is interesting to note as today, challenges revolve around container shortage and port congestions.
The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. April 26, 2016 (today) marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy. Significance.
In 2016, the value of goods traded between the two countries topped $525 billion, making Mexico the third largest trading partner of the U.S. Understand the 3-Legged Freight Movements at the Border. Companies carrying freight across the U.S.-Mexico It can help increase overall capacity and reduce freight costs.
Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. TSA reviewing cargo screening, concerned about terror vulnerabilities (CNN). The real-time freight visibility space has been heating up in recent years, with MacroPoint leading the way, along with FourKites and 10-4 Systems.
Over the past year, there have been several big deals in the TMS market, such as Summit Partners acquiring MercuryGate and E2open acquiring Cloud Logistics.
Still, if you had ocean freight in 2016, the memory of the bankruptcy of the Hanjin shipping line may linger in your mind. In light of what happened, some companies still look at carriers’ financials and try to avoid putting cargo on carriers that might be at risk. Why does this matter?
Revenues increased 25 percent to $38 billion in the quarter compared to Q2 2016, but profits fell by 77 percent as the company continues to invest heavily in its various businesses, including its logistics and fulfillment network. Norway Takes Lead in Race to Build Autonomous Cargo Ships (WSJ – sub. View Results. Total Votes 11.
billion on shipping in Q3 2016. Helping foreign sellers gain access to global markets appears to be at least one of the factors in Amazon registering as an international freight forwarder late last year, while also indicating that it views logistics companies as potential competition. Can’t keep up with freight pricing?
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