The term "artificial intelligence" (AI) conjures up images of futuristic, all-knowing, all-powerful artificial beings. So far, however, in global trade AI already is being put to work in a much more prosaic, less-perilous arena.
In launching a joint venture company with IBM, with whom it has had a relationship going back to the 1950s, Maersk would seem to be in the pole position to exploit blockchain’s potential in container shipping. And that move also highlights the factor that is at the core of what happens next in the industry.
Goods of almost any description have more than an intrinsic worth; they also have time-and-place value. Transportation serves to help realize that time-and-place value.
Blockchain interest, to a considerable degree, has been buoyed by bitcoin — the most famous application of blockchain. But it is important to consider what will happen to blockchain interest if the bitcoin bubble bursts.
US shippers, truckers, and intermediaries finally have secured a federal hearing on their effort to make it easier for them to challenge port congestion-related fees that are not their fault. Even so, aside from complexity and little middle ground, there are other reasons for shippers to be skeptical of any dramatic, federal, regulatory action.
A writer poses a question regarding a shipment made on what he classified as "on an ex-works basis."
The North American supply chain is now coping with inadequate truck capacity. The question is whether the driver shortage is just a typical, cyclical event or a fundamental, structural change in the US trucking sector.
A key component to promoting trade facilitation is having a single window. Simultaneous submission of customs and other government agency information enables the approving officials to clear an entry in a shorter time frame.
Besides the usual rate issues, what other variables in 2018 will affect shippers and carriers?
It is certain that 2018 will be yet another exciting, but also challenging, year in the trucking sector. Here are the main trends to keep an eye on.
Several topics, in their own way, impact US trade policy, some more immediately than others, some more emphatically than others, and still others less so.
There is a real-world reason to have a bill of lading; it is the contract of carriage for the shipment to which it relates.
From air freight to ocean to trucking, e-commerce is exerting palpable influence on the various transport markets.
Using predictive analytics, the Port of Montreal this year will alert drayage drivers when it looks as if truck turn times will be long, and use data collected on terminal gate movements to lessen the impact of rail switching on trucks.