International Maritime Organization, IMO, has recently announced the first International Day for Women in Maritime to address the problem of gender imbalance in the maritime industry. IMO is a specialized agency of the UN that is responsible for regulating the shipping industry. This First International Day for Women In Maritime on 18th May 2022 provided…
The Cooperative blog
International Day for Women in Maritime: An initiative to promote gender diversity in the maritime industry
Tips to find a reliable freight forwarding company for entrusting your cargo
In the transportation and logistics industry, it is not always easy to find a reliable and reputable freight forwarding company that will transport your cargo safely, timely, and at an affordable cost. Moreover, the abundance of independent freight forwarders makes the selection process all the more confusing. Choosing the right logistics partner for your business…
How digitization will help to drive the air freight industry forward
The pandemic along with the surge in e-commerce sales have provided the much-needed boost to the air freight industry that has become the most sought-after mode of fast cargo transportation. The need to ship cargo quickly is primarily driven by customer expectations and the need to send items to their destinations ASAP. Nevertheless, for a…
Impact of fuel price hike on trucking companies in the USA
Following the war in Ukraine, fuel costs have risen at an unprecedented rate. This has posed a stiff challenge for the road freight shipping industry which is now forced to run on smaller capital and tighter profit margin. Independent freight operators and small trucking companies in the US are the hardest hit by the hike…
Common cargo theft tactics and how independent freight forwarders can prevent them
Cargo theft is one of the recurring problems the freight forwarding industry has to regularly contend with. Starting from electronic goods and other valuable shipments to food and beverages, the burglars target all sorts of commodities that fetch good value in the black market. Data from the National Insurance Crime Bureau, suggests that in the…
Challenges facing the road freight industry in 2022
The last two years have been incredibly challenging for the transportation and logistics industry worldwide. For the first time, we have seen how the global supply chain was impacted at the same time because of the pandemic. Like all other sub-sectors of logistics, the road freight industry is presently experiencing unprecedented challenges. At the moment,…
A new shipping alliance of the most important players for the digital transformation of this sector
Some of the most important players in the transportation and logistics industry have united to accelerate the process of digital transformation in the ocean freight shipping industry. BIMCO, FIATA, DCSA (Digital Container Shipping Association), ICC (International Chamber of Commerce) and SWIFT have signed an MOU for standardizing the digitization of global commerce. Keep reading today’s…
Trends in the air freight shipping industry for the rest of this year
The year 2022 started against the background of market volatility. As per a report from Clive Data Services, in January 2022 the air freight shipping industry recorded just a 0.1% increase in air cargo volumes compared to the same time last year. Nevertheless, this volume was at par with the pre-pandemic level with a 0.2%…
How lifelong learning can help you with career enhancement
Lifelong learning can give you a competitive edge irrespective of the job sector. However, in a complex industry like transportation and logistics, continuous training is not just important, it is imperative. Not only will it enhance your career, but it will also enable you to grow and sharpen your professional skills, expertise, and abilities. Additionally, …
A Brief Introduction to Shipper Owned Containers for Freight Forwarding Industry
The freight forwarding industry is becoming increasingly aware of the various advantages of SOC containers as more and more companies are starting to use them. To quote the Christian Roeloffs, the Container xChange CEO, “The rise in awareness for SOCs shows that industry participants are responding to the supply-chain pressures by diversifying their sourcing strategy.”…