As we step into the new year, leaders in the transportation and logistics industry are faced with critical decisions that will shape the future of the sector. With technology investments on the rise since 2020, companies that resist modernization risk falling behind in an industry where options are narrowing. In 2024, businesses have a unique…
The China-Europe Railway Express, also known as China Railway Express (CRE), plays a pivotal role in President Xi Jinping’s Belt and Road Initiative, serving as a crucial component in international freight forwarding. Over the past few years, this cross-continent network has emerged as a vital conduit for Chinese exports to Europe. Its significance has been…
In the ever-evolving landscape of air freight industry, 2024 brings a glimmer of hope and stability after the tumultuous fluctuations of the previous year. According to insights from Oslo-based Xeneta, the air freight sector may witness a return to a more predictable ‘classic seasonality,’ offering a much-needed respite for forwarders. Niall van de Wouw, Chief…
The Chinese New Year, alternatively referred to as the Lunar New Year or Spring Festival, stands as the most important holiday in China, carrying immense cultural significance. However, for international freight forwarding companies, this celebration introduces distinct logistical challenges. During this period, production decelerates, operations face limitations, schedules experience disruptions, and transportation delays ensue, resulting…
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…
In the world of freight forwarding, where relationships form the backbone of success, an in-person conference can be a game-changer. Networking isn’t just about exchanging business cards; it’s about creating lasting connections that open doors to new opportunities and projects. Conqueror Freight Network, the world’s largest exclusive logistics network with handpicked freight forwarders across 263…
Independent freight forwarders invest significant resources in attracting customers through various marketing, social media, and brand strategies. Building trust with customers is a valuable achievement that deserves careful preservation. This is where a strong focus on customer retention proves invaluable. Enhancing customer retention involves a comprehensive evaluation of the entire customer experience, encompassing every aspect…
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…