Cargo theft statistics and trends

shipping and freight news

Cargo theft can occur anywhere along the supply chain affecting local logistics, transporters, storage yards, groupage operators, LCL consolidators, ports, depots, terminals, insurance, carriers and freight forwarders equally..

BSI Supply Chain Services and Solutions assesses that companies lose more than an estimated $76 million in UK alone due to cargo theft highlighting the seriousness of this issue..

TT Club one of the leading providers of insurance and related risk management services to the international transport and logistics industry and BSI have come together yet again to release the second edition of their report on global cargo theft covering the full year of 2018..

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Digital Freight Forwarder Freighthub secures USD30 million finance

shipping and freight news

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..

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DSV finally gets its way, reaches an agreement to buy Panalpina

shipping and freight news

They get us, They get us not, They get us, They get us not, They get us……………………….. and thus ends the saga of Panalpina’s buy out by DSV..

After months of speculation and back and forth, the Danish forwarder DSV will finally have their hands on their Swiss rival logistics group Panalpina through a $4.6 billion deal, making them one of the leading global transport and logistics companies in the industry with significant growth opportunities and potential..

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8 tips to reduce freight forwarding expenses

cost savings

If you use shipping services often, price may definitely a very important factor for you. Especially if you own a business that includes constant freight forwarding. People often think that the way carriers ship the freight are pretty much fixed and cannot change.

But just because everyone is used to the standard freight shipping ways and expenses, it doesn’t mean that is the only way. Luckily for you, there are many ways to reduce freight forwarding expenses.

Here are 8 tips to reduce freight forwarding expenses. Follow these steps and start implementing the changes that will help you today.

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How Technology Is Impacting the Logistics Industry

logistics technology - shipping and freight resource

Whether you’ve been working in the logistics field for years or even decades or have just joined the career, it’s vital to stay up to date on the latest trends.

In recent years, technology has had a major impact on how firms in areas such as shipping, freight and supply chain management operate and the kinds of profits they can make.

Here are some of the ways in which technology is impacting the logistics industry.

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NVOCC register created and minimum standards set for the issuance of NVOCC Bills of Lading

nvocc register - shipping and freight resource

The International Maritime Bureau (IMB) estimates from its work in verifying Bills of Lading that over 95% of all improperly issued Bills of Lading are issued by – yeah you guessed it – Non-Vessel Owning Common Carriers (NVOCCs)..

The IMB identifed that there is a prevalence of issuance of incorrect NVOCC bills of lading by the NVOCC which is then presented to banks and other stakeholders in the trading and finance chain, with the aim of defrauding the trade finance system, possibly for the purposes of multiple financing, money laundering, etc..

The IMB has developed a business solution to mitigate the effects of this problem..

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Fake goods and a freight forwarder’s liability

case study - shipping and freight

Freight forwarders are an integral part of the supply chain and global trade, involved in handling goods using all modes of transport (sea, road, rail and air)..

However, many people are still unaware of Who is a Freight Forwarder and their role in the whole chain.. There is no one simple and quick explanation as to who is a freight forwarder and what they do..

In the most succinct and layman terms, 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..

The essence of freight forwarding is to ensure that the cargo is picked up from the seller and delivered to the buyer at the required place, at the right price, and in the same condition that it is picked up from origin using the most suitable resources and routing possible..

Freight Forwarders however sometimes face situations which holds them liable merely due to them representing customers or handling shipments on behalf of customers..

Here is a real life example from Singapore..

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A Renault’s journey to the F1 race track

A Renault’s journey to the F1 race track - Shipping and Freight Resource

The world of shipping and logistics never rests.. It is one project after another.. And when it comes to one of the world’s most expensive sports, the F1 races, logistics efforts and requirements goes up several notches equalling the sounds of the reverberating engines..

This article details the efforts and processes followed by Renault’s F1 logistics team to get their machines to the racetrack, in time, in good shape and condition..

For many logisticians, this could be as thrilling (if not more) than the race itself..

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Executive Insights: FreightHub Co-Founder Michael Wax on online freight forwarding

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.

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Executive Insights: TNX Logistics Co-Founder & Managing Director Alex Hoffman on striking the perfect human/machine balance

Logistics companies can deploy the best technology and still fail if their personnel lack training and experience. Anyone whose been around the industry a while remembers Deutsche Post-DHL’s €345 million New Forwarding Environment (NFE) IT program disaster. And while DPDHL seems to have pulled through, mistakes like that can sink smaller firms. On the other hand, we’re well into an era where it’s impossible not to adapt and adopt new technology, which makes expert advice all the more important.

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Executive Insights: ShipChain CEO John Monarch on eliminating the barriers to blockchain in logistics

Will blockchain revolutionize the shipping and logistics industry, allowing it to move past inefficient legacy technologies by handing companies the keys to high-tech solutions, at an affordable cost? That’s ShipChain CEO John Monarch’s vision, and over the past year, his company’s platform has emerged as one of the foremost contenders in this burgeoning market.

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