When Nebraska-based Daycos began automating its freight invoice processes in the 1990s, most of its customer base of moving and storage companies weren’t getting paid until 30 to 45 days after filing their invoices.
News & Analysis
25 Feb 2014
While wide-ranging financial institutions are becoming more active in automated freight payments, more traditional, often dedicated providers of such services such as Cass, Ultra Logistics and CT Logistics are surviving by focusing on the intricacies of managing customers’ transportation spending.
11 Dec 2013
Germany’s top eight ship financiers face up to €16 billion euros ($22 billion) in credit losses in 2014 as an increasing number of shipping companies face difficulties in repaying their loans, according to Moody’s Investors Service.
16 Jul 2013
Trading in container freight contracts on Shanghai’s Shipping Freight Exchange has collapsed to the lowest level since the platform was launched just over two years ago, as extreme volatility on the spot market has forced traders to shun futures, industry analyst Alphaliner said.
20 Jun 2013
India’s Kerala government has signed loan and project agreements with the World Bank to receive $216 million for the Second Kerala State Transport Project.
23 May 2013
Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
11 Apr 2013
The Export-Import Bank of the United States and the Dubai Economic Council of the United Arab Emirates have signed a memorandum of understanding.
04 Apr 2013
The Export-Import Bank of the United States will participate in U.S. Global Business Solutions, a new interagency initiative to expand the reach of federal export assistance...
04 Apr 2013
In response to the changing local and global economy and to overcome the “middle income trap,” the Thailand Board of Investment is revising its Investment Promotion Privileges and Strategies to promote...
03 Apr 2013
Ship operators worldwide face “significant” refinancing and default risks, driven by tight bank funding, industry overcapacity, depressed trading conditions, high operating costs and declining ship charter rates...