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How Technology Is Transforming Freight Payment for Shippers
Freight payment is a function that is often overlooked by domestic and global shippers, largely because it’s seen as a routine finance process, and not one with more intrinsic value and challenges. Accurate invoices not only enable a smoother payment process but also yield hugely valuable shipment data that can be used to measure service providers and impact future procurement cycles. A smooth payment and audit process also can help a shipper be a better customer for its carriers and third-party logistics providers. In recent years, technology and business models around the freight payment and audit process have become more refined, but it’s still a highly fragmented section of the industry, with little regulation.
This webcast will explore how technology providers in the domestic and international freight management markets are helping shippers manage this process more effectively and profitably.
Moderator/Presenter:
Eric Johnson, Senior Editor, Technology, JOC, Maritime & Trade, IHS Markit
Speakers:
Cecil Bryan, President, Logistics Alliance Network
Brad Klaus, CEO, Haven
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European Shipping Outlook: The Asia-Europe Trade
Carriers and forwarders operating in the Asia-Europe trade are reporting rising volume through their networks as economies on the continent begin their slow recovery from COVID-19 lockdowns. As we move deeper into the traditional peak shipping season, concerns that cargo rollings would increase as rising volume overpowers available capacity are abating, with carriers cautiously reinstating blanked sailings and supplying extra loaders to pick up containers bumped off overbooked vessels. Yet even as demand increases, the threat of a second wave of coronavirus infections remains, with countries in Europe imposing targeted measures on affected cities and regions to combat sporadic outbreaks. With the end of a chronically disrupted 2020 insight, speakers at this webcast will take the measure of the container shipping industry and try to fathom what lies ahead for carriers and their customers.
Moderator/Presenter:
Greg Knowler, Europe Editor, JOC, Maritime & Trade, IHS Markit
Speaker (s):
Andreas Bütfering, Senior Director Trade Management Far East, Hapag-Lloyd AG
Alan Murphy, CEO & Founder, Sea-Intelligence ApS
Mats Samuelsson, Senior Vice President, Global Logistics, H&M
Dominique von Orelli, Executive Vice President, Global Head of Ocean Freight, DHL Global Forwarding
Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
Midyear Breakbulk and Heavy-Lift Outlook
Breakbulk and project cargo shippers, carriers, and logistics providers adapted to the disruptions caused by COVID-19 relatively quickly, but a weak market and looming longer-term effects on capital project investments, in the oil and gas sector particularly, have the sector extremely edgy. Multibillion-dollar cuts in capital expenditures will diminish the project logistics pipeline from late 2021 and beyond.On the other hand, some $37 trillion in global stimulus spending is expected to drive investment in power generation, infrastructure, and energy projects, and low bunker prices have provided unexpected relief for carriers and shippers who were bracing for sky-high post-IMO 2020 fuel costs. What can the project logistics industry anticipate in capital investment over the next few years in upstream and downstream oil and gas, mining and metals, energy, and other industries? What portion of the massive COVID-19 stimulus spend will flow toward project logistics? When will oil prices recover, to what level, and how should the sector plan for fluctuations in bunker prices? This webcast will analyze the forces now shaping the oil and gas industry and the fuel price outlook.
Moderator:
Janet Nodar, Senior Editor, Breakbulk and Project Cargo, JOC, Maritime & Trade, IHS Markit
Speaker (s):
Kurt Barrow, Vice President, Oil Markets, Midstream, and Downstream, IHS Markit
Phyllis Kulkarni, Regional Director, North America, Independent Project Analysis
Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
Midyear Container Shipping Outlook: A Peak Season Like No Other
The service contracting season in the eastbound trans-Pacific had barely wrapped up in late May when shippers and non-vessel-operating common carriers were unexpectedly hit with two general rate increases. Spot rates from Asia to the West Coast increased almost 50 percent to $2,132 per FEU and East Coast rates increased about 10 percent to $2,738 per FEU through early June. Rolling of shipments at Asian ports was common as vessels were booked beyond 100 percent utilization. How did this happen when US imports from Asia in May were 18.5 percent lower than in May 2019, according to PIERS? NVOs say carriers reduced capacity through blank sailings more than necessary so they could fill ships and increase freight rates. Carriers said they had no visibility into purchase orders that retailers had placed in Asia, and still have no visibility into peak-season volumes that will begin moving later this summer. Meanwhile, the dramatic swings in cargo volumes, and carriers’ penchant for blank sailings, is making it difficult for shippers and NVOs to plan their supply chains. Terminal operators, warehouses, and truckers are struggling to plan their capacity requirements.
In this essential webcast, Jonathan Gold of the National Retail Federation and David Bennett of Globe Express Services will explain what the market should expect in this volatile environment leading up to the peak season.
Moderator/Presenter:
Bill Mongelluzzo, Senior Editor, Trans-Pacific, JOC, Maritime & Trade, IHS Markit
Speaker(s):
David Bennett, President, Americas, Globe Express Services
Jonathan Gold, Vice President, Supply Chain and Customs Policy, National Retail Federation
Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
Canada Trade: Managing New Dynamics
As it weathers disruption caused by COVID-19, the Canadian container shipping industry is learning from the experience and pushing forward with investments and innovation to keep its supply chains humming. This is not the time to pause, the industry believes because when the impact of the pandemic fades, the same challenges and pressures facing Canadian cargo owners and their transportation providers will remain.
Often caught in the trade war crossfire between China and the US, Canadian exporters are scrambling to find new markets and depend even more on efficient supply chains to stay globally competitive. Importers, be they retailers or manufacturers, are under pressure to control inventory costs while delivering goods faster.
Achieving that will require expansion of infrastructure capacity, closer collaboration among transportation providers, and strategies to respond to volatility resulting from increasing blank sailings by ocean carriers, congestion at marine terminals, or other disruptive events. For the fourth straight year — this time virtually — the JOC Canada Trade Conference will deliver a packed, informative, and engaging agenda to help cargo owners better calibrate their supply chains and drive conversations among all stakeholders.
Moderator/Presenter:
Mark Szakonyi, Executive Editor, JOC, Maritime & Trade, IHS Markit
AGENDA:
1:00 - 1:05 p.m. Welcome Remarks
1:05 - 1:15 p.m. Canadian Economic and Shipping Outlook: Resetting Expectations
1:15 - 1:45 p.m. Shipper Perspectives: Importers Speak Out
Speaker(s)
Magali Amiel, Ph.D, MCILT, Transport Leader, Decathlon Canada
Barbara Bryer, Senior Manager-Supply Chain, Global Operations – Logistics, adidas Canada
Audrey Ross, Logistics and Customs Specialist, Orchard Custom Beauty
1:45 - 2:15 p.m. The Case for Canadian Exports
Speaker(s)
Rav Kapoor, CEO, and President, ETG Commodities
Lonny Kubas, Assistant Vice President, Supply Chain, CN
Stephen Paul, Vice President, Supply Chain Logistics, Ray-Mont Logistics
2:15 - 2:45 p.m. Port Update: The Path to Growth and Efficiency
Speaker(s)Tony Boemi, Vice President, Growth and Development, Montreal Port AuthorityBrian Friesen, Vice President, Trade Development and Communications, Prince Rupert Port Authority Captain Allan Gray, President, and CEO, Halifax Port Authority Eric Waltz, President, GCT Canada
2:45 p.m. Closing Remarks
Recent News and Analysis
Maritime News
Surface News
- Schneider Q4 profit weakens, but company pins hopes on capacity exits
- CH Robinson seeing muted freight market to start 2026
- US rail networks recovering after weekend snowstorm, but delays persist
- Revised Norfolk Southern merger application will be refiled in ‘weeks’: UP
- ITS acquisition a ‘big bite’ for Echo in market diversification drive: CEO
Air Cargo News
- Changes in US trade policy hitting UPS’ supply chain business
- DHL launches road-air service on busy China-Europe trade lane
- Fast-tracked project schedules boost heavy-lift air freight volumes
- Intra-Asia air freight capacity tightens on US high-tech demand
- E-commerce, AI demand to keep ex-Asia air freight under pressure
