Did you know that 57% of companies spend over 2 hours each day trying to acquire accurate market prices? Container xChange has recently conducted a survey to gain insights into how independent freight forwarders keep pace with ocean freight shipping industry trends. The survey uncovered that a significant number of companies still rely on cumbersome…
The ocean freight shipping industry is responsible for the transportation of a staggering 90% of all internationally shipped goods. Although other modes of international transport offer faster delivery, they come with higher costs. When organizing an overseas shipment, it is crucial to choose the appropriate ocean container that suits your requirements. Selecting the correct…
The ocean freight shipping industry is infamous for the tremendous amount of paperwork it entails. As an independent freight forwarder, you need to get familiar with all of them which can be a task in itself. The slightest error in your shipping documents can lead to delays and even cancellation of shipment thereby disrupting the…
The digitization initiative in air freight shipping industry encompasses various stakeholders such as carriers, air freight forwarders, ground handlers, shippers, customs brokers, and customs authorities. Its primary objective is to establish a fully digital transportation system for air cargo, eliminating the need for paper-based processes. This endeavour involves the development of a regulatory framework, utilization…
Investing in an online freight forwarder tool like a CRM or Customer Relationship Management platform can be a very wise decision for small and mid-sized freight forwarding companies, as it brings significant value to their sales teams. CRM platforms provide a centralized location to store various types of data, such as direct client communication, important…
If you’re employed in the transportation and logistics industry, you have most likely pondered the question- is joining a freight forwarding network truly worth it? Recognizing that this is a complex decision, we aim to outline the benefits of becoming a member of an exclusive logistics network and how it can assist independent freight forwarders…
The freight forwarding industry in China is registering steady growth and is projected to register a CAGR of 5.32%. Moreover, the Chinese authorities have implemented a 5-year plan for the further development of independent freight forwarders with a sharp focus on promoting the digital transformation of the transportation and logistics industry. The country which has…
LNG or Liquefied Natural Gas could be the fuel for the energy transition in the ocean freight shipping industry. The maritime sector which moves around 90% of the goods across the world is still heavily reliant on fossil fuels. Therefore, making this sector environmentally sustainable is one of the major priorities of governments as well…
Demurrage and detention are some of the most common fees in ocean freight shipping that the carriers and terminals impose on importers, exporters, and freight forwarders when they keep containers beyond the allowed free time. These fees will keep accumulating until the cargo reaches the consignee’s destination. These days, demurrage and detention charges have become…
According to a new publication by Container xChange, the digitization of container operations has emerged as a valuable solution for forwarders in the container shipping industry. The report sheds light on the extensive benefits this digitization brings to logistics professionals. Despite almost seven decades having elapsed since the inception of shipping containers, the core elements…