The ongoing conflict between Ukraine and Russia could have far reaching consequences on international shipping and logistics. The first and foremost effect of the invasion will be a hike in oil prices. The attack on Ukraine would signal the end of Nord Stream 2 which is a natural gas pipeline worth $11 billion. Germany has…
The several constraints imposed by the global pandemic on the transportation and logistics sector have put independent freight forwarders to one of the major tests in their careers. The digital transformation happening at this very moment in the industry and logistics companies are in the race to adapt to the big changes and come up…
Logistics companies both big and small are the cornerstone of international trading activities. However, the demand for volume and quicker service at a rock-bottom price is pushing the small and independent players in this sector to their limits. Additionally, the pandemic, the port, congestion, increased demand for commodities, equipment shortage, flight cancellation, and high price…
Freight forwarders are the most crucial link in the chain of global trade who is responsible for moving shipments on behalf of the cargo owner. The role of independent freight forwarders in the domestic and international movement of shipments is absolutely vital and involves a variety of functions. However, not all independent freight forwarders have…
Digital twin has come up as the latest technological trend in the transportation and logistics industry. IBM defines the digital twin as a ‘virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning, and reasoning to help decision making.’ Although this might sound like…
An in-transit shipment is prone to a variety of risks that could lead to potential damage or even loss of your cargo. Independent freight forwarders are surely aware of the countless risks entailing the international movement of cargoes and this is precisely where cargo insurance comes into the picture. If a cargo is lost at…
FIATA has partnered with PayCargo to launch a custom platform for facilitating the online transactions of FIATA members. This platform called FreightPay will not only speed up the online transaction process but also allow the FIATA members to avail of better security features and lower transaction rates. In today’s post, we will talk about how…
The ever-increasing container shipping rates have finally dropped at least for the moment. Although the overall ocean freight rates are still extremely higher than usual, we can see a drop in freight rates between China to the USA. This is indeed very good news for the shipping industry that has been reeling under the effect…
The air cargo carriers are taking several measures for coping with the strong demand for air cargo space. In a time when the ocean freight sector is becoming increasingly unreliable because of container shortage and delays, more and more manufacturers are counting on air freight services to move their items. However, the air freight sector…
In the present era of e-commerce, last-mile logistics is coming up as a vital aspect of the services of independent freight forwarders. Consumer behaviour has changed considerably since the advent of online shopping. Moreover, the pandemic has made it abundantly clear that e-commerce will be the future of shopping. Logistics companies that are venturing into…