Thursday, May 19, 2022
Tive Ad
HomeSearch

forwarder - search results

If you're not happy with the results, please do another search.

Increase in freight costs – a UK freight forwarder’s perspective

Mass container shortage has disrupted international supply chains and seen the cost of freight and shipping increase exponentially across all sectors.

While it may be easy to blame this single factor for an increase in freight cost, many more factors have contributed to the inflated prices we are currently seeing across the sector.

So what are some of the other reasons that prices can't seem to slow down? 

How to avoid Fraudulent freight forwarders and their scams

The activity of Freight Forwarding has been around for many years and there has been a recent resurgence of the forwarder especially in the form of a digital freight forwarder. Unfortunately fraudulent freight forwarders have permeated this industry as well.

Like any industry, freight forwarding has its good and bad sides and it is quite easy to become a victim of fraud and most of the time, freight forwarders are not associated with the crime or fraud and they may be co-victims just like you.

Here are some of the ways of fraudulent freight forwarders and their scams.

Liability of a fraudulent freight forwarder – a live case study

Even as the world of shipping and trade continues to battle with exceptionally high freight rates, cargo rollovers, container and space shortages, fraudulent freight forwarders and their scams seems to be raging on..

Below is a live case study from the USA which I received from a reader, which I am opening up to my readers to comment on..

Risks and Liabilities of a Freight Forwarder

Freight forwarders are an integral part of the supply chain and global maritime trade..

A freight forwarder serves as a conduit for global trade between importers, exporters, BCOs (Beneficial Cargo Owners) and the transportation and regulatory entities such as shipping lines, customs, port etc..

The moment a freight forwarder signs/accepts a contract with the customer, they are exposed to several unique risks and liabilities..

This article discusses the risks and liabilities of a freight forwarder..

So you want to become a Freight Forwarder huh..!!

First question you need to ask yourself is WHY..?? 

It is important that you understand the purpose of wanting to become a freight forwarder.. What is the objective..??
  1. Maybe its your intrigue or love of the industry and your ability to connect people and businesses ;
  2. Maybe because you are tired of the current forwarders in terms of their service offering and their attitude towards business and you think you can do it better ;
  3. Maybe you think you have a set of loyal customers who would support you if you ventured out on your own ;
  4. Maybe its the glitz and glamour that you see some of the freight forwarders exhibiting especially the new startups who the venture capitalists are fawning over ; or
  5. Maybe you are truly well versed in the business and you decided it is time for you to strike out on your own..


Whatever the reasons for you wanting to become a freight freight forwarder, here are 6 points you need to consider and a few things you need to get right first..

DB Schenker joins the ranks of traditional freight forwarders offering digital solutions

Previously I wrote that apart from dealing with digital shipping lines, digital freight forwarders will also need to contend with traditional freight forwarders, not just from a service perspective but from a digital perspective as well.

DB Schenker recently joined the ranks of traditional freight forwarders now offering digital solutions with the launch of their connect 4.0 platform.

In a recent interview with Jeff Barrie, CEO of DB Schenker US, we had an opportunity to discuss the launch of the company’s connect 4.0 platform and why the company believes it will define success in freight forwarding and global shipping.

How to find a qualified Chinese freight forwarder

China, often termed as "the world's factory" is unavoidable when it comes to global trade. As of 2017, China accounted for 15% of the world's GDP. China's GDP is 64% of that of USA thereby making it the second largest economy in the world.

For majority of the countries around the world, when importing Chinese products, international freight movement is required and you will definitely deal with a variety of freight forwarding companies.

Unverified statistics indicate that in the city of Shanghai China alone, there are more than 10,000 freight forwarders registered. It is conceivable that the total number in China is even more astronomical.

Chinese freight forwarders have also had a bad rap due to a few of them perpetuating fraud and other illegal activities which are affecting many of the legitimate Chinese freight forwarders.

"How can I choose a qualified freight forwarder in China from such a large number?" is a question that might be on the minds of many people.

David Fan gives you some guidance through different perspectives based on many years of industry experience.

Digital Freight Forwarder Freighthub secures USD30 million finance

The Digital Era is really and truly upon the shipping and freight industry..

Investors are showing great interest in funding the digital capabilities displayed by the role players in this industry and one of the main role players who seem to be capitalising most on this seems to be the Digital Freight Forwarders..

One such digital freight forwarder, FreightHub founded in Berlin in 2016, is the latest beneficiary of such investment..

FreightHub, who have been termed as Europe’s first digital freight forwarder, announced today that they have raised USD30 million in its Series B financing round..

Digital Freight Forwarders vs Digital Shipping Lines

A Freight Forwarder is a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner..

For the freight forwarder involved, this may include a door to door movement, negotiating freight rates, nominating the carrier(s), booking the goods and handling all the documentary, operational and transportation requirements between the two points..

Digital freight forwarders are a new breed of freight forwarders who are disrupting the freight industry armed with the ability to offer the services of a freight forwarder but on an instant basis using online technology and data..

But they have several competition to contend with.. One of them is a "Digital Shipping Line"..

Say what..!!!!!!!!!!!!!!!!!!!!!!!! Who is a digital shipping line now..??

Executive Insights : Steve Walker talks to us about freight forwarders and technology

The movement of goods over great distances using ships has been carrying on for many centuries.. Many things have changed in the shipping and freight industry over the years, but some things have not..

Today’s business environment is facing a lot of instability whether it is in the form of Brexit, trade tariffs, highly volatile freight rates or new maritime policies..

Now, more than ever, the industry needs people with experience and knowledge to help steer the new generation through the troubled waters..

People who have been there and handled shipping the vintage way but know much more than a thing or two about the modern shipping industry..

As part of our Executive Insights series, we caught up with Steve Walker, a consultant and adviser to many BCOs, freight forwarders and online freight companies..
- Advertisment -
  • CHARLIE PESTI - Supply Chain
  • CHARLIE PESTI - Branding
  • CHARLIE PESTI - Ads

Most Popular

Recent Comments