The Bill of Lading aka BoL or B/L is the most important shipping document that serves as a receipt of freight forwarding services. It works as a contract and a document of title between the carrier and the shipping company or freight forwarder. Over the last couple of years, the digitization of the freight forwarding…
A TMS or transport management system is an online platform that enables logistics companies to streamline their shipping process in several ways. Simply put, a TMS allows freight forwarders to commence the digital transformation by automating their vital operations and get key insights that help to save time and lower expenditure on future shipments. Starting…
In our last blog, we have discussed several reasons that are leading to delays in the container shipping industry. The container shipping industry is preparing for renewed chaos, disruption, congestion, and backlogs as Shanghai restarts its manufacturing and supply chain operations after two months of strict lockdown. A recent survey by Container xChange suggests that…
The container shipping industry is experiencing extreme challenges and volatility since 2020 and with the gradual withdrawal of the pandemic restrictions in 2022 sea freight forwarders were expecting a semblance of market stability. Nevertheless, the situation unfolding is not very hopeful for the ocean freight industry. The sector is still having to contend with global…