The demand for air cargo space is growing stronger in 2022 as belly hold services are still not fully functional because of the grounding of several passenger planes. As stated by the President of FedEx, “As passenger travel remains depleted, air cargo capacity will be constrained through 2022 all while the demand for goods is…
The cost of shipping for transportation and logistics companies isn’t going to come down in 2022 as the challenges to deliver shipments are still persisting amid the pandemic. Regardless of the mode of transportation, the rates are going to rise. Moreover, the labour shortages around the world are further complicating the situation which is why…
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…
Fragile and high-value cargo are some of the most important shipments your company handles. It goes without saying that high-value shipments demand more care and meticulous attention to detail than any other shipments you handle. Moving a shipment of artwork, jewelry, luxury items, high-end food and drink, electronics, etc, entails plenty of risks. Theft or…
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…