The ocean cargo industry dominated headlines this year, with several shipping lines merging and forming larger alliances. It's all about staying afloat in a competitive market that continues to consolidate.
In addition to mergers, technology has had huge implications for all parts of the supply chain, especially as an increasing number of companies have started using blockchain. These advances in technology have some wondering whether the role of freight forwarder could be rendered obsolete one day.
As we approach the end of 2017, here's a look back at some of the stories that rocked the freight industry, and could have effects that ripple throughout 2018 and beyond.
-
How changes in the ocean cargo industry affect shippers
It seems each quarter the shipping industry sees a new deal come to light, continually reducing shippers’ logistics options to but a half-a-dozen global carriers. Read More >>
-
Japanese shippers K Line, MOL, NYK to merge as ONE
The partnership created the sixth largest carrier by size with a total capacity of roughly 1.4 million TEU and control about 7% market share. Read More >>
-
Report: Only 1 of the top 20 freight forwarders can provide instant, online quotes
At which point will neglecting digitization transform from an opportunity cost to loss of market share? Read More >>
-
Is freight forwarding at a crossroads due to new technology?
Technology companies promise to disrupt the freight forwarder but success is not guaranteed. Read More >>
-
Tensions rise as CSX defends new model before frustrated shippers
CSX’s service problems highlight structural issues within the rail industry. Read More >>
