Technology to revolutionise freight forwarding

While the fundamentals of freight forwarding remain unchanged, the short-term future of the sector will be characterised by the introduction of technologies that unlock value and enhance capability.

That was one of the views put forward by Transport Intelligence (Ti) in its 2018 Global Freight Forwarding report. One of the most visible changes in the industry of late has been the introduction of digital forwarders, marketplaces and spot market platforms, according to Ti.

“Large freight forwarders have realised that online rate quotation and booking platforms are a great way to win SME and ad-hoc business. Simplicity and responsiveness of service are often top of the list of priorities for such customers, which digital forwarding in theory should deliver well. In practice, however, there can be wide discrepancies in service quality across platforms. Both large forwarders and the newer players are continuously evolving their offerings to get ahead of the competition,” said David Buckby, economist at Ti.

Ti also reported that in 2017 the global freight forwarding market grew at its quickest annual pace since 2010. The sector grew by 8 percent year-on-year, driven by strong growth in both air and ocean freight. Ti's forecasts reveal that sea freight is positioned to continue healthy growth over the short to medium-term.

The full report can be purchased here.

www.ti-insight.com

Heavy Lift | News

Trade tariffs take hold…

August 8 - In its second-quarter analyst call, Caterpillar confirmed that the USA’s decision to impose import tariffs on steel and other metals will have a real effect on its businesses and customers in the second half of 2018.
Views: 981

POSH benefits from improved market

August 7 - Offshore marine services provider PACC Offshore Services Holdings (POSH) has recorded a 95 percent revenue increase year-on-year for the three months to the end of June 30, 2018.
Views: 815

Multipurpose time charter rates fall

July 23 - Time charter rates in the multipurpose shipping sector have fallen over the last month, according to the latest data from shipbroker Toepfer Transport.


Views: 1573

Shipping losses decline, but risks remain

July 19 - Large shipping losses have declined by more than a third (38 percent) over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018.
Views: 1799

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.