Freight Shipping Goes Digital

Everybody is online today. Thanks to advanced computers and mobile technology, people everywhere are constantly connected and engaged in a digital world. Businesses are recognizing these trends and are investing in digital to reach their clients online. Bloomberg News recently reported on the how the international freight industry is using digital means for customers. This includes instant freight shipping quote technology.

P3 Network Alliance is Over

For almost a year now, the ocean freight shipping industry was abuzz about the proposed P3 Network Alliance between Moeller-Maersk, MSC and CMA CGM. The objective of the P3 Network was to combine their resources to reduce expenses for certain shipping routes. This might impact ocean freight rates.

Nationwide LTL Shipping

Shippers have many expectations for an exceptional LTL freight service. This includes relying on a special type of trucking service that is unique and can provide options for serving whole regions or the entire nation.

Global Economy and Shipping

The global economy depends heavily on international trade, most of which is conducted with the freight shipping of cargo by air or sea. Just as the economy depends on ocean freight shipping, the shipping industry also depends on the global economy to improve. For example, if the economy is harsh, shippers might see some ocean freight rates increase. Usually, as the economy improves, freight volumes also increase.

Truck Driver Shortage

The US trucking industry as we know it might soon change forever. The American Trucking Association reports that there are currently 25,000 vacant truck driver positions. The study also projects that there will be 330,000 open truck driver jobs over the next decade. For shippers, this may not seem like serious news. However, a truck driver shortage will impact the entire industry, including the freight shipping rates that shippers pay.

Transpacific Stabilization Agreement

Brian Conrad, the head of the Transpacific Stabilization Agreement, recently spoke at an event to warn about the uncertainties that will greatly impact the international freight shipping industry in the future. Those uncertainties that Conrad was referring to include labor disruptions, rising expenses, new shipping alliances and the changing supply and demand in the industry. Conrad knows what he is talking because he is the head of the Transpacific Stabilization Agreement, also known as the TSA.

Air Cargo Increase

The airfreight shipping industry is feeling pretty good during the start of 2014. The International Air Transport Association, also called the IATA, recently revealed a report highlighting the growth of the air cargo sector during the start of the 2014 year. According to the report, there was a 4.5% year over year increase of cargo that is measured in FTKs, which stands for freight tonne kilometers. Throughout the industry, a freight tonne kilometer is a standard measurement.

New Trucking Fuel Efficiency Rules

In the past year, there are have been some carriers in the trucking industry who question certain regulations from the Federal Government, most notably the hours of service rules for truck drivers. However, there is recent news from the Federal Government, directly from President Obama, that has most people in the industry happy to hear. The news involves upcoming trucking fuel efficiency rules that would force higher mileage requirements for commercial trucks.

Containership Reliability

Usually when a shipper speaks to a freight forwarder about booking their shipments, total price is certainly a major point or the most important point that the shipper cares about. While a lower shipping rate does have its business benefits, you should never have to sacrifice the quality of the service. The reason for this is because it is important your ocean freight container arrives safely and on time.

Syndicate content