There’s no doubt that globalization has resulted in more complex and expansive supply chains. But at the same time, today’s customers also want to get their orders faster, so businesses must be more responsive. Staying ahead, then, often seems to mean balancing those two dueling demands. And among different global shipping options like air, ocean full container load (FCL), and ocean less than container load (LCL), working out the logistics can feel like a tall order.
Transporting goods around the world is not without certain risks. And if you’ve ever shipped something internationally, you realize just how many things could go wrong while goods are in transit. That’s where cargo insurance comes in.
Industry trends can either support your goals or wreak havoc on them. With the continued increase in supply chain complexity and greater pressure to keep inventories lean and accelerate shipments, is your supply chain ready for what 2019 has in store?
Categories: Global Forwarding
What is your air freight strategy for the year ahead? Demand growth, the type of capacity airlines are adding to the market, and tariffs are big trends to watch this year. Get ready for whatever comes next. Here’s what you need to know. » Read More
What a difference a year can make! This has been an interesting year for the ocean shipping industry. Ocean carriers were mostly profitable at the end of 2017, but that trend eroded quickly in the first half of 2018. And, with fewer carriers now in business—a result of past consolidations—carriers are finally focusing first on profitability instead of on ensuring vessels are full. This smart focus continued to improve the carrier’s financials towards the latter end of 2018. Will this trend continue into 2019 and beyond? Or, yet again, is this just a temporary recovery, as the trend has been since 2008?
Succeeding in global shipping can be difficult; you need to navigate transportation options, customs compliance, and ever-changing industry practices. In order to help you remain compliant, keep costs down, ensure efficiency, and stay on top of new trends and technologies, we’ve created this guide to help you conquer all of your global shipping challenges. Here’s what you need to do to be successful in the market.
How United States – Mexico – Canada Agreement (USMCA) Will Impact North American Cross-Border Shipments
The U.S., Mexico, and Canada released text to modernize the North American Free Trade Agreement (NAFTA) on September 30, 2018. While many news outlets reported on the new agreement—including the fact that all three countries still must ratify the trade agreement, which is likely to occur in 2019—there hasn’t been much information about how the agreement is likely to change for freight. Here are the main differences we see, which should provide significant optimism for those with cross-border shipments.
In a typical year, shipping by air and ocean follows a fairly predictable pattern of peak and slow times. However, this year is different as companies try to get ahead of new tariff implementations in the Transpacific Eastbound (China to U.S.) lane. Many shippers in this lane have ramped up their shipping early, while others are choosing to pay higher spot market rates in their preferred shipping times or waiting to see what will happen next. » Read More
Have you ever played Tetris? If so, you already have some understanding of what it’s like to manage a consolidated shipment. Unlike Tetris, success is more than a blinking screen of lights—it’s building a global freight consolidation strategy that is solid, effective and consistent. As a result, you will save both time and money while operating your supply chain.
What’s Happening in the Transatlantic’s Ocean Shipping Lane | Transportfolio
Certain trends in capacity, rates, and tariff activity have conspired to create an especially dynamic holiday season for ocean shipping in the Transatlantic lane. It’s never too late to understand the forces at work that have created the current market, or to explore ideas that can help insulate your business in periods of market volatility—or anytime.