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Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this.
Air cargo for example, though continuing to make digital strides, is still behind – and is often compared to – passenger travel where digitized capacity, pricing and online bookings have been around for decades and is in some ways the digitalization template air cargo is referencing. But this problem isn’t new.
This week, Freightos hosted over forty logistics and innovation executives for FreighTech 2018, a symposium dedicated to discussing challenges and opportunities in the industry. The catalyst was fairly simple – there are freight conferences and tech conferences, but few that really mesh both very well. It already has.
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. . The Freight Game of Thrones. Today, 75 to 80% of cargo arrives on time.
In 2019, digital freight isn’t a vision; it’s a reality. Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. Meanwhile, massive passenger airline restrictions dramatically reduced air cargo capacity, sending rates through the roof.
Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Air Freight Pricing.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. 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. Mark earned a B.S.,
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.
This article first appeared in The Loadstar on June 8th, 2018. While the air passenger industry has a solid tech foundation, air cargo does not. Lufthansa Cargo chief commercial officer Alexis von Hoensbroech. JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS.
Joe Ohr is the Chief Operating Officer at The National Motor Freight Traffic Association (NMFTA) , a nonprofit membership organization that represents the interests of less-than-truckload (LTL) carriers. Currently serving as the Chief Operating Officer for the National Motor Freight Traffic Association, Inc.
The intent to test for the deadly drug has been in the planning stages since 2018 but is awaiting approval of a final rule by the U.S. The company launched its own online pharmacy in 2020, a service that was born out of its acquisition of PillPack in 2018. India is the third market where Amazon has launched its freight service.
More Resources Home October 4, 2023 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. Judah Levine October 4, 2023 Unbox your Freight knowledge.
Autonomous cargo ship completes 500-mile voyage. In our last piece of autonomous vehicle news, the “world’s first” autonomous commercial cargo ship has successfully completed a near-500-mile voyage in the congested waters of Tokyo Bay, traveling without human intervention for 99 percent of the trip. Founded in 2018, The Kroger Co.
Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. million freight containers each year. That digital reach extended to importing as well.
In 2001, Mr. Bell joined Cargo Transportation Services, Inc., where he served as CEO until 2011 when Cargo was bought by Smith Transportation Services, Inc. David was an equity holder and the COO of Smith Transportation until 2018 when it was sold to a Private Equity firm. About Peter Rentschler. About Lean Solutions Group .
The increase in the volume and use of digitized freight data has made the need for – and lack of – industry data standards all the more acute. 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.
Cass Truckload Linehaul Index – September 2018. Intel partners with Rolls-Royce to develop autonomous cargo ships (VentureBeat). This week, Uber Freight announced a similar solution called Powerloop. The post This Week in Logistics News (October 15-19, 2018) appeared first on Talking Logistics with Adrian Gonzalez.
The More Than Shipping blog is a comprehensive resource for shipping trends, supply chain planning, project and specialized cargo and more. Freight Hub. In addition, Freight Hub publishes a stream of blogs focused on the use of blockchain to drive interest in its blockchain-based Bill of Lading solution. More Than Shipping.
Between February 2018 and May 2022, revenue skyrocketed by 1600%. The platform boasts a network of over 22,000 vetted drivers who own and operate their own vehicles, utilizing their time and excess cargo capacity to earn extra income. Starting May of 2023, Steve joined FRAYT as their Vice President of Partnerships.
Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. All of this will cause a tightening of space for ocean freight shipping. Regular disruptors. Golden Week.
This will be the team’s first World Cup game since 2014, as it failed to qualify in 2018. Operators of warehouses, trucking fleets and other freight businesses say they are paring their payroll growth as the supply-chain disruptions that led to tens of thousands of new jobs recede. So a quarterfinal run is the reasonable ceiling.
After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. Content Summary: Autonomous Boats Could Ferry Cargo in Busy Cities. Media Image.
Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. Robinson launching a trans-Eurasian rail freight service between China and Europe. It is for freight that requires faster transit times than ocean, at twice the speed, with substantial savings over air,” said Mike Short, president, Global Forwarding at C.H.
The company hopes to cut 90 percent of the amount of virgin fossil fuel-based plastic it used in the toys in 2018. The California ports of Los Angeles and Long Beach are extending the hours during which trucks can pick up and return containers as they try to improve freight movement and delays through ports. That’s all for this week.
Cass Truckload Linehaul Index (July 2018). I’m curious how the 40 percent reduction in transit time was actually achieved since blockchain doesn’t make cargo ships move through water any faster. The post This Week in Logistics News (August 13-17, 2018) appeared first on Talking Logistics with Adrian Gonzalez.
The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. I don’t think that the ports are up to the challenge of moving the high-levels of freight with larger ships without rethinking unloading space, equipment and flows.
Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Between May and June 2017, more than 90 percent of cargo thefts involved trucks. The first step to preventing cargo theft is to complete a risk assessment. These cargos are also at risk.
Shipping air inside expensive freight containers has never been a cost-effective approach to transportation. Today though, in the wake of the COVID-19 pandemic, it’s even more critical to try and improve capacity utilisation , given the skyrocketing costs of container freight shipping.
Increased accuracy in freight quoting, reducing accessorial or after-the-fact fees. REDUCED FREIGHT SPEND. Integrate LTL and e-commerce freight management platforms, explains Deborah Lockridge of Trucking Info. Integrated platforms had the natural effect of self-verifying information and automating the freight tender process.
Freight Startup Flexport Hits $3.2 Year Over Year (Cass Information Systems) Cargo theft volume, values decreased in 2018 (CCJ) JD.com’s drones take flight to Japan in partnership with Rakuten (TechCrunch). Freight Startup Flexport Hits $3.2 in January Truckload Linehaul Costs Up 6.4%
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. Fraud and Security: Challenge: Ticket counterfeiting, fare evasion, and cargo theft pose security risks and financial losses for transportation providers. Chen et al.,
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.
Smart grocery chains, food producers and other food processors can protect themselves against claims, FSMA penalties and costly brand reputation damage by putting measures in place now to improve visibility into cargo temperature while in transit.
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. Deutsche Post DHL to deploy self-driving delivery trucks by 2018 (TechCrunch). Spot freight availability was 74 percent higher than in September 2016.
This week a sobering reminder from New England Motor Freight (NEMF) that all parties ultimately come to an end. We have worked hard to explore options for New England Motor Freight,” Colistra explained in a statement posted on the company’s website on Feb. I’m sure you have some suggestions for me. filed for bankruptcy on Monday.
5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. In 2018, motor carriers reported almost 600 incidents of cargo theft nationwide. Thieves stealing cargo can cause disaster along the supply chain. Avoid High-Crime Areas.
The air freight landscape has experienced some dramatic shifts in recent years. In fact, those events seem likely to produce some headwinds for air freight shippers in 2018 in locating available air capacity, especially during peak seasons. They can easily scale up or down the number of planes needed for cargo.
For example, Christopher Tang reports blockchain solutions are being developed for ocean cargo to help make operations more efficient.[3] 1] Pieter Vandevelde, “ How to make supply chains ethical and sustainable with blockchain ,” Supply Chain Dive , 5 June 2018. [2] .” Use cases can help make this point. Footnotes.
For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight. Rather than subjective guesswork, this method allows freight forwarders to predict if the average daily transit time is expected to rise or fall up to a week in advance. GET YOUR FREE WHITE PAPER.
Ford to test new self-driving vehicle technology in 2018 (Reuters). freight trains in federal crosshairs after crashes: GAO (Reuters). Maybe they’ll do better in 2018. Trucking Companies Boost Big-Rig Orders on Rising Shipping Demand (WSJ – sub. Anheuser-Busch Orders 40 Tesla Semi Trucks (WSJ – sub.
Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers.
Those concerns have come to prove even more valid in 2018. Last year’s hurricane season was one for the record books, and things aren’t looking to improve much for 2018. Freight industry executives are cautioning their customers to expect even more price increases for shipping this year. The agony of natural disasters.
Freight Tracking. “Cargo Volume often defines the cost of shipping freight. “Some companies are already implementing Vehicle to Vehicle (V2V) Communications, which essentially allow for multiple freight vehicles to form a platoon and communicate, improving fuel efficiency and safety. Increased Efficiency.
The company estimates that China could account for less than 30% of its sales at the end of 2021, down from about 50% in 2018. Ocean freight solutions Ocean rates and capacity have been a big concern for all shippers for quite some time. ” As a result, Joann’s ended up paying a steep price for ocean freight capacity.
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