Are Ocean Freight Prices Absolutely Broken?

Freightos

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken?

Top Freight Blogs of 2016… So Far

Cerasis

We will feature our 5 main categories all week: Logistics , Manufacturing , Supply Chain , Transportation , and Freight. Our goal is and will always be with the Cerasis blog to provide as much value through informative and education blog posts in several categories that are pertinent to those in the manufacturing, supply chain, logistics, and freight industries. 5 Most Popular Freight Blog Posts of 2016.So 9 KPIs to Track for Proper Freight Management.

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Freight Rates News October 2015

Freightos

Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters. Seemingly all international freight indices are down. This is good news for international freight forwarders.

Bringing Freight Online with WebCargoNet and Freightos

Freightos

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. Notable examples include K+N’s partnership with a tech accelerator, DB Schenker’s exclusive agreement with uShip, and here at Freightos, automating freight rate management for several enterprise forwarders. A forwarder who loved their tracking software brought up a bigger problem – managing air freight rates.

COP21 – Freight and Climate Change

Freightos

The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. But zooming out to freight as a whole, we found that the freight industry’s contribution to total GHG (Green House Gasses) is about 10% for developed countries (and much more for developing countries). Finding freight’s contribution to GHG took a lot of digging. . and Green Freight Europe.

Beijing-Hamburg freight service completes maiden journey

Global Trade Management

Thursday, 7 February 2008. Beijing-Hamburg freight service completes maiden journey. Beijing-Hamburg freight service completes maiden journey by Staff Writers Hamburg, Germany (AFP) Jan 24, 2008 A goods train from Beijing arrived in Hamburg on Thursday after having crossed six countries in a journey organisers said could ring in a new era of rail transport between Asia and Europe. At the same time, we are considerably cheaper than air freight for many types of cargo."

What are the Impediments to an Effective Global Trade?

Global Trade Management

Monday, 4 August 2008. GLOBAL SHIPPING & LOGISTICS - Service provider of freight forwarding, custom clearance, shipping services, transportation, sea transportation, air transportation, India. arviem, founded in 2008, has grown organically to become the leading service provider for real-time cargo monitoring. ▼ 2008. (7). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today.

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Global Cargo Monitoring / Cargo Tracking: Seeking Sustainability on.

Global Trade Management

Monday, 14 January 2008. That is over five million fewer lorry miles and 180,000 freight tones off the road each year. arviem, founded in 2008, has grown organically to become the leading service provider for real-time cargo monitoring. ▼ 2008. (7). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990.

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Revenue Management for Rail Freight Profitability

Talking Logistics

The current outlook for the rail freight industry is, at best, mixed. Where rail freight once was the price-competitive transport mode of choice, low fuel prices and increased availability of trucks in the spot market have resulted in low freight rates that are expected to remain low¹. It is becoming increasingly difficult under current circumstances for rail freight operators to earn sustainable margins and create returns for shareholders.

Greg Lehmkuhl Named President of Con-Way Freight

Supply Chain Network

Gregory (Greg) Lehmkuhl has been named President of Con-way Freight Inc., president and CEO, who has served as interim President of Con-way Freight since August 2010. Greg Lehmkuhl’s team-building experience and management skills have been instrumental in returning operating stability and profitability to Con-way Freight,” said Stotlar. “He These strengths will serve him well as he assumes the leadership reins at Con-way Freight.”. Con-way Inc.

Cash Flow Strategies for Freight Brokers

DAT Solutions

During the first part of this year we’ve seen more shippers extend their payment terms than at any time since the financial crisis of 2008. What does that mean for freight brokers? Factoring - While there are dozens of factoring options for carriers, there are relatively few for freight brokers. In our experience, freight broker factoring is “feast or famine.” In my view, most freight brokers do a better job of managing their A/R than their A/P.

Doing Our Part To Help Logistics Companies Adapt to COVID-19

Freightos

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. Email responses are obsolete in just minutes and only digital solutions can keep essential freight moving. In February, we launched the world’s first daily and regulated containerized freight rate index , and have now made access free for the remainder of 2020.

Is The Freight Industry Ready For SOLAS?

Freightos

Is The Freight Industry Ready For SOLAS? In the run up to the July 1, 2016 requirement that there must now be a verification of the gross mass of packed containers, Freightos research has determined that only one third (36%) of FCL freight quotes are still being saved with a weight. By and large, logistics providers and shippers currently avoid getting accurate weights for FCL freight shipments. ” READY FOR DIGITISED FREIGHT? Freight Insights General News

[INFOGRAPHIC] Will APIs Replace Freight EDI? The Transportation Industry Moves Technology Forward

Cerasis

Why does Freight EDI still exist? EDI may be the current industry default, but it’s old technology that runs data over timers – meaning data isn’t coming to you in real-time, leading to more phone calls and emails to track processes that should be automated, like pulling rate quotes, sending instant dispatch requests to a carrier’s system, tracking freight, and requesting image documentation. Now, going further, what is EDI in freight? IS Freight EDI Dead?”.

The Box or the Chocolates? - Global Trade Management - Blogger

Global Trade Management

Tuesday, 26 February 2008. Friday, February 29, 2008 7:59:00 am. Friday, March 07, 2008 3:28:00 pm. arviem, founded in 2008, has grown organically to become the leading service provider for real-time cargo monitoring. ▼ 2008. (7). Beijing-Hamburg freight service completes maiden j. Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990.

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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. m/m in 2020 was taken way back in 2008 and it got ratified in 2016 in the 17th session of MEPC meeting. Reducing sulphur emissions by utilizing low sulphur fuel oils in shipping vessels will help reduce greenhouse gas emissions by at least 50% by 2050 compared to 2008 requirements. will also need to update freight tariffs accordingly. Subscribe Here!

10 Books Logistics And Supply Chain Experts Need To Read

Freightos

2008). Why this book rocks: Whether you focus on ocean, air, truck, barge or rail freight, it’s probably a steam engine that’s making it all work. Read this if you’re interested in: What the important freight shipping origins and destinations of the future will be. Freight moved around the world moves so much more efficiently when data moves between supply chain components better. Freight Insights

The History of the Shipping Container

Freightos

For centuries the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight. Did You Know That … It wasn’t just about freight. Did You Know That … In 2010, Freight Farms establishes the first use of containers for agriculture. Get instant freight quotes for container shipping. Freight Insights General

Uncertainty in Today’s Air Freight Market: What it Means for You

CH Robinson Transportfolio

The cyclical nature of air freight. Air freight service predictably follows the law of supply and demand. New disruptors to the air freight market. But demand for air freight shifted significantly when enough shippers preemptively repositioned inventory prior to the June 1, 2019, deadline. With the growth of ecommerce and high-tech products flooding our markets, air freight is quickly becoming the go-to mode of transportation for many shippers—any time of year.

What is a 3PL? The Ultimate Guide Including Definitions of 1PL, 2PL, and 4PL!

Supply Chain Game Changer

International freight forwarding services. SCM #SupplyChain #Distribution #Logistics #Freight #Transportation. Freight and Logistics Guest Blog Post Supply Chain Management Distribution Freight Logistics SCM supplychain TransportationSubscribe Here! Email Address. Blog post originally created and published by, and permission to publish here provided by, Scott Leydin at [link]. Check out What’s the Difference Between Logistics and Distribution?

Seasoned Leadership in Action™ – An Interview with Raymon Krishnan!

Supply Chain Game Changer

I started my career working in 3PL’s – one of which was the largest freight forwarder in the world in the 1990’s. Provider in ASIA in 2003 & 2004, In 2008, the Society won the Supply Chain Asia Education. Freight and Logistics Interview Supply Chain Management Cargonow Leadership logistics management LogisymSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Navigating Ongoing International Transportation Capacity Challenges

Talking Logistics

From import space and export space tightening up and a hot drayage market causing capacity constraints to volatile air freight rates – international transportation has had its share of challenges the last 10-12 months. Soaring Air Freight Rates. While air freight is another mode of international transportation, it is an expensive option right now. This has driven quite the demand for air freight.

Videos & Visions: Of Electrifying the Last Mile for E-Commerce Delivery

Supply Chain Network

Gnewt Cargo is an all electric Last Mile delivery provider started in the UK in 2008 and the Founder Matt Linnecar shares the following case study on Gnewt Cargo from the eDrive conference. Emerging Trends Environment Freight & Transportation New Ideas News & Info Retail Retail E-Commerce Videos

Freight Density Is King in the LTL Kingdom

Quantified Freight

” The carriers have been upping their game since 2008 by hanging their “fricking lasers” from the rafters of their barns. No longer does an LTL pricing analyst look over a bid request and utter the words “meh…I see a lot of class 50 on here…that’s probably like 45 PCF freight. The only ones upset are the shippers who were getting a sweet deal by minimally describing their freight and slapping the ol’ class fitty on der.

Transportation Outlook: What if There's Another Recession?

PLS Logistics

But given the damage the 2008 recession did to the freight transportation industry, questions have to be asked – what happens if there’s another recession? How will this impact freight transport, and how can that impact be mitigated? Transportation Solutions Transportation Rates Freight Volume RecessionAs of June 2016, the U.S. economic outlook is uncertain.

Integrating Corporate Social Responsibility into Your Supply Chain

Logility

In the wake of the financial crisis of 2008–2010, CSR again became a focus for evaluating corporate behavior. With every participant in your global supply chain — retailers, brands, vendors, manufacturers, suppliers, contractors, agents, brokers, carriers and freight forwarders – on the same page, quality management is better executed. Let’s start by busting a myth about Corporate Social Responsibility (CSR): it’s a feel-good movement recently started by millennials. Not true!

Ready for Full Enforcement of Importer Security Filing?

Talking Logistics

The Importer Security Filing regulation — commonly referred to as “10+2” because importers or their agents have to submit ten data elements to customs 24 hours prior to vessel departure, and ocean carriers have to submit two additional data elements — was published in the Federal Register on November 25, 2008 and has been in effect since January 26, 2009. Starting on July 9, 2013, U.S.

Freight Density Is to LTL Pricing as the King is to His Kingdom

Quantified Freight

” The carriers have been upping their game since 2008 by hanging their “fricking lasers” from the rafters of their barns. No longer does an LTL pricing analyst look over a bid request and utter the words “meh…I see a lot of class 50 on here…that’s probably like 45 PCF freight. The only ones upset are the shippers who were getting a sweet deal by minimally describing their freight and slapping the ol’ class fitty on der.

Accellos Names Bill Ashburn General Manager of Transportation Software Solutions

Supply Chain Network

Ashburn joined Accellos in autumn 2008 with the acquisition of Prophesy Transportation Solutions, Inc., Freight & Transportation Information Technology News & Info Third Party Logistics freight management scm suite supply chain TMS transport Accellos, a leading provider of supply chain execution software solutions, has named Bill Ashburn General Manager of its line of transportation software solutions.

The Potential Impact on Shipping of a Global Recession

Intelligent Audit

Truck, Rail, Freight, Air: While the potential recession will likely be global, it will also have a significant impact on domestic shipping. drop in air, rail, freight, truck volume from the same time the previous year. The report projected that the industry will suffer from supply chain disruptions that will affect freight, trucking, and other modes. Prior to the recession of 2008, US production was around 5 million barrels per day.

WTO trade barometer at rock bottom

EFT

The WTO said that this is equivalent to the level reached during the aftermath of the 2008 financial crisis but it is seeing signs of stabilisation in the trade environment. and air freight (76.5)

How General Average Could Ruin Your Ocean Cargo Deliveries

CH Robinson Transportfolio

When this happens, all the merchants with freight on the vessel are required to share in the cost of the expenditure before the goods are released. From 2008 to 2017, fire/explosion was the third most common cause of total losses, behind foundered and wrecked/stranded vessels. The vessel carrying your freight sustains damage and requires repair at a port of refuge in order to proceed with the intended voyage.

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Logistics Past, Present, and Future

Supply Chain @ MIT

One reason is the increased focus on cost control in the aftermath of the financial meltdown of 2008. “We In the ocean mode, for instance, the consolidation of steamship lines means that more than ever shippers and 3PLs need the leverage that comes from high freight volumes when negotiating with carriers. Another determinant of competitiveness, freight network density, is also a function of scale. Logistics on the move.

Current State of the Capacity Crunch

Cerasis

The shipping industry saw growth and expansion in 2014 when compared to the state of the industry since 2008. Shippers are focusing on using dimensional pricing to cut down on wasted space, and consolidation of freight has become the new buzzword. Although capacity is tight, especially considering the number of carriers who are prioritizing freight to boost production, reports Roger W. Expansion of the Panama Canal Will Increase Incoming Ocean Freight.

Do People Skills Matter in the World of Logistics?

The Logistics of Logistics

Even as the industry is becoming more data driven than ever before and cutting-edge software is increasingly used to manage freight from start to finish, the development of your sales team is still important. Holm MS PCC CPCC is a Professional Certified Coach since 2008, focusing on executive and career development along with personal branding. How you develop your sales team has a big impact on your logistics business.