We talked with FreightHub co-founder Michael Wax about What his company is doing to establish itself as an active partner to shippers, and what the ideal forwarder-shipper relationship should look like.
Competition is one of the constants in business, something that can spur you on and make you better or something that can bring you down..
Every industry has competition in varying degrees.. Some companies look at their competition and say “Yeah ok, whatever” (think Google/Facebook).. Some companies look at their competition and say “Oh crap, that’s close” – like a lot of companies in the shipping and freight industry..
While competition comes in various forms, there are several cases where you may really struggle to find a way to stand out from your competition..
Let me explain further with some examples relatable to the shipping and freight industry..
New technology has opened users up to cybercrime, thanks to security loopholes, lack of training, or sometimes both. We chatted with PhishTrain Co-Founder Jake Sylvestre about how managers should think about security, and what steps they can take to protect their clients, their reputations, and ultimately, their bottom line.
Profitability in sea freight shipment is not a myth or a unicorn.. It is very possible.. Read how..
It is not a secret that ocean transportation and logistics is currently confronting immense change in terms of new technology, new markets, rising customer expectations, and new business models..
There have been a few articles on this blog about these advances like Blockchain based Bill of Lading, and other technologies that are shaking up the freight industry .. There are many ways the industry could develop to meet existing and new challenges, some of which are evolutionary and others are more revolutionary..
While cargo transportation is generally a complex business, in some cases it could be straightforward as well depending on how you manage it.. It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily..
Each customer and each shipment has its own issues, peculiarities, problems and characteristics.. But the main question that several shippers and services providers ask is “How to ensure profitability in sea freight shipment”..
More often than not, exporters, importers, carriers and logistics service providers experience loss due to poor planning, decision making and implementation..
A lot of people get into the industry sometimes without knowing even the basics relating to the business, the specifics relating to the business, the requirements and some of the vital information that can make or break the business.. I have even written a Beginner’s Guide to Importing for those who wanted to get into the importing business but didn’t know how..
Here are 11 steps you can follow to ensure profitability in sea freight shipment..
Freight brokers are a traditionally integral part of the freight marketplace but often find it difficult to clearly see where they fit in amongst the waves of change now and in the years ahead. In this article we see where brokers fit into the future of freight..
Here is a live case study about a freight forwarder’s liability on uncleared cargo where the shipping line is holding the freight forwarder liable for an uncleared cargo even though the delivery order has been issued..
Shipping precious products from place to place is not often an easy task, especially when considerations like cost, time, location and safety all combine to make choosing ideal routes and shipment methods a complex feat.
This guest post reveals 6 Simple Ways to Optimize Your Freight Shipments..
In response to the question Who is a Freight Forwarder, I explained that in the most succinct and layman terms, a Freight Forwarder maybe defined as a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner..
Simple enough description.. But when one reads what happens in a day in the life of a freight forwarder it may not be so simple..
In the recent months there is a big conversation going on about the impact of “digitalisation” and “disruption” of the shipping and freight industry, to the extent that some people are terming it as the beginning of the end for the freight forwarder..
Is it really so..?? Let’s put it in perspective and see..
Tenders are an integral part of shipping and freight for the carrier, shippers and and OTI (freight forwarder or NVOCC)..
I headlined this article as “the art of handling a freight tender” because majority of the tenders are quite complicated and capable of pushing people over the edge due to its complexity with its tight deadlines and the nearly impossible task of compacting the costs..
People in our industry who have handled some complicated global freight tenders such as the ones floated by global companies will understand what I am talking about..
So how does the whole thing work and how does a tender influence or impact on a carrier and/or freight forwarder and their business.. Is it really an art..??