In recent decades, the Indian Government has implemented various initiatives to enhance the country’s transportation and logistics industry, fostering increased profitability for both multinational corporations and independent freight forwarders. It is estimated that around 14 percent of India’s GDP is dedicated to the supply chain and logistics sector, a proportion nearly twice the average logistics…
Starting January 15, 2024, there is an anticipated nearly 15% increase in Suez Canal fees for most types of vessels, excluding container vessels departing from North European ports, which will have some exemptions. According to the Suez Canal Authority (SCA), container vessels, car carriers, chemical, crude, and product tankers, as well as gas carriers, will…
The eFTI (electronic Freight Transport Information) is an EU regulation that will have far-reaching consequences on the digitization of the freight forwarding industry. Before anything else let’s take a look at the definition of eFTI. What is eFTI and how it will impact the European freight forwarding industry? The freight forwarding industry in the European…
In an era where industries across diverse sectors are actively adjusting to the rapid progress of digital technology, logistics companies worldwide are progressively acknowledging the imperative of embracing digital transformation. This shift towards digitization has become more pronounced, particularly in the aftermath of the global pandemic, during which the logistics industry faced significant challenges, including…
Administrative Decision No. 2 of 2023 on the Transparency of Local Sea Container Charges in Dubai Directive, announced by the Dubai Maritime Authority (DMA), is a significant step towards enhancing the transparency, accountability, and competitiveness within Dubai’s maritime sector. The Administrative Decision, which results from comprehensive industry-wide consultations conducted as part of the DMA’s formal…
Effective from July 1st 2023, freight forwarders are required to update their import procedures for shipments entering Brazil to comply with recently introduced customs regulations. The Cargo and Transit Control (CCT) Import System is an innovative addition to the “Portal Único de Comércio Exterior” (Foreign Trade Single Portal), specifically designed for overseeing cargo and transit…
A Bill of Lading, often referred to as B/L, BoL, or Waybill, holds paramount significance in international sea freight forwarding services. Regardless of the cargo type or the mode of transportation employed, the Bill of Lading is an indispensable requirement for sea freight forwarders. Essentially, it serves as a legally binding document issued by the…
The peak shopping season is fast approaching, and the question is, whether independent freight forwarders like you are ready to deal with the tremendous rush during Black Friday. Consumer interest in Black Friday has been on a steady rise year after year. Nevertheless, it remains a significant challenge for logistics companies who need to effectively…
The confluence of the pandemic and the exponential growth in e-commerce sales has injected a much-needed vitality into the air freight industry, establishing it as the foremost choice for rapid cargo transportation. The demand for expeditious cargo delivery is primarily fueled by customer expectations and the imperative to swiftly reach their intended destinations. However, despite…
The food and pharmaceutical industries are experiencing rapid growth, resulting in a significant demand for cold-chain logistics service providers. As trends continue to emerge, there is an increasing focus on expanding refrigeration capacity within the supply chain. Consequently, the independent freight forwarders are striving to keep up with these developments, adapting and evolving to meet…