SUPPLY CHAIN OPTIMIZATION

In freight forwarding, shipping methods are defined by how space is used in a shipping container and whether a shipper is filling a container or sharing the space with other shipments. The main categories fall under FCL (full container load), LCL (less container load), and BCN (buyers’ consolidation network). LCL and BCN are closely related where cargo is shared with BCN being shared among suppliers for the same customer. Let’s explore the differences and choosing one method over another.

If you need to import products for a specific purpose and do not plan to keep them in a country for an extended period, it is likely that you could avoid paying duties and taxes on these goods as Temporary Imports. Learn more about the key characteristics of temporary imports, how these imports are not subject to tariffs, and in which ways the customs procedures are different for temporary imports. Understanding the rules and regulations for temporary imports ensures compliance and may help you avoid unnecessary costs.

Global Freight Forwarding is the process of managing and coordinating the transportation of goods across international borders. Although using a Freight Forwarder for this process is not required, many companies rely on the benefits of using one to navigate the complexities of global trading. Learn more about the role and responsibilities of a freight forwarder, from negotiating rates and securing transportation to navigating customs and tracking shipments.

The top 30 shipping lines account for more than 95% of the TEUs at sea with over 80% being under the top 10 carriers. The market leaders are also involved in shipping lines with each other, focused on the main east-west trades. Those alliances are undergoing significant shakeups that will cause hundreds of vessels to change their rotations and shipping schedules. Learn more about changes to the shipping alliances that are reshaping the international trade market.

When facing unexpected supply chain disruptions or the need to avoid potential delays, time-critical logistics and expedites are not the only options available. Both sub-categories of handling unplanned freight are important and have a place, but when you need a more tailored solution, on-demand logistics may be a better option. Learn more about the differences between time-critical logistics, expedites, and on-demand logistics and the benefits of a more solution-based approach.

As a result of significant changes in the global freight forwarding industry, we are seeing shifts in consumer behavior, technological advancements, an increase in sustainability efforts, and a wide variety of global events that are impacting the market. Staying informed about these trends will be crucial for businesses and stakeholders in the global forwarding industry to remain competitive and responsive to evolving market demands.

A dynamic blend of geopolitical tensions, technological advancements, and evolving economic policies have shaped the logistics and trade industries in 2024. These factors disrupted established trade patterns and paved the way for transformative changes that will influence 2025 and beyond. Here’s a look back at the key events of 2024 and what businesses should prepare for in the year ahead.

Supply chain challenges that have impacted the sea freight market are expected to continue in the new year along with increased rates compared to this time last year. Pricing pressures are due to a variety of factors, including capacity constraints, regulatory changes, geopolitical tensions, shifting patterns, and strong e-commerce demand. Learn more about what impacts the base ocean freights and common fees and surcharges to expect when shipping cargo.

An integrated transportation solution refers to a logistics model that combines different modes of transportation to optimize the movement of goods across the supply chain. This approach leverages the strengths of each transport mode to enhance efficiency, speed, and cost-effectiveness. Let’s dive into how different modes meet varying needs, the key components in choosing transportation modes, and when it is best to consider an integrated solution.

As part of the Inflation Reduction Act, the Biden administration committed $3 billion to revolutionize U.S. port infrastructure, focusing on sustainability, job creation, and modernizing logistics. The expected advancements in both economic and environmental outcomes will make a pivotal shift in how ports operate, reshaping port facilities, benefitting communities, and impacting the logistics and trade sectors.