Reducing greenhouse gas emissions in the maritime sector is more urgent than ever. With the ocean freight shipping industry responsible for a significant portion of global emissions, comprehensive regulations and policies are essential to drive the transition toward a greener future. A recent study by DNV sheds light on the current regulatory landscape, focusing on…
Freight forwarding is a complex and dynamic industry where negotiating freight rates with carriers is a critical aspect. Successful negotiation can significantly impact a freight forwarder’s profitability and service quality. Here are some essential tips for independent freight forwarders to negotiate better freight rates with carriers. Understanding the Market Before Independent Freight Forwarders Start Negotiating…
The freight and logistics sector in Chile includes various modes of transportation, along with distribution and warehousing services. The industry’s growth is primarily driven by increasing demand for commodities, a boost in global trade, and the need for effective supply chain solutions. According to a report by Mordor Intelligence, the size of the Chilean freight…
Spain, renowned for its industrial tradition, diverse economic activities, and dense commercial fabric, has established itself as the nerve center of economic activities in Southern Europe. According to a report by Technavio, the transportation and logistics market in Spain will be valued at $5.39 billion by 2026, with a growing CAGR of 4.26%. The transportation…
Hurricane Beryl a tropical cyclone that made headlines due to its intensity and the widespread impact it had on affected regions. Originating as a tropical wave off the coast of West Africa, it quickly intensified as it moved across the Atlantic Ocean, achieving hurricane status within days, eventually reaching Category 4 strength with sustained winds…
The rates in the ocean freight shipping industry are experiencing a significant upsurge and for the first time since the lockdown in 2020, container shipping rates are nearing record highs. The price hike can be attributed to several factors including limited container supply caused by rerouting around the Red Sea, strong demand in multiple regions,…
Environmental and sustainability concerns are becoming some of the primary concerns of independent freight forwarders. Nearly every reputed freight forwarding company are now trying to create environmental policies that align with their mission and goals. As the world moves towards a more eco-friendly, carbon-neutral future, understanding the logistics industry’s role in achieving this goal is…
The freight and logistics industry is in a constant state of evolution, making it crucial to stay ahead of the curve. The use of technology in the freight and logistics sector is constantly evolving, and 2024 is already bringing in significant changes. Research and Markets reports that the logistics market, valued at $9,407.5 billion in…
Independent freight forwarders seeking to boost sales and expand into the global market can greatly benefit from joining one of the best logistics networks. These networks serve as international umbrella organizations comprising vetted freight forwarders, enabling small and mid-sized companies to compete more effectively with multinational firms by expanding their reach, forming new partnerships, and…
The primary objective for all small and mid-sized logistics companies is business expansion. This growth entails acquiring new customers, hiring additional employees, establishing branch offices, and ultimately increasing revenue. However, attracting more customers and enhancing the company’s profitability requires strategic investment in key areas. With the rise of digital freight forwarders, the logistics companies are…