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Locking in Contract Rates for 2020: How Up-and-Coming Brokers are Using RFP Collaboration Software to Accelerate RFP Responses and Win More Lanes
The last two years show how quickly the freight market can swing back and forth...from contracted rates through RFPs to spot market.
In 2020, will capacity suddenly tighten when more carriers go out of business?
Up-and-coming Freight Brokers are turning to a new generation of RFP Collaboration Software to lock in contracted rates — the bedrock of their business — by qualifying the right bids and responding faster than their competitors.
Join the Sales, IT and Finance leadership of GenPro, an NJ-based expedited freight provider for a real-world case study discussion on:
- The impact of market swings from spot to contracted rates...and what this meant for their shipper RFP process
- When they realized it was time to act and look for RFP collaboration software, and how they evaluated build vs. buy
- Why they selected Winmore, the leader in bid and tender collaboration software and the business case they used to build the case for change
- The results of deploying Winmore in terms of ROI, measurable value, customer satisfaction, and strategy for 2020.
Moderator: Alessandra Barrett, Senior Content Editor, JOC
Speakers:John Golob, Chief Marketing Officer, WinmoreCaitlin Meaden, Director of Sales and Marketing, GenPro Inc.
Global Logistics Outlook: Analyzing the Year Ahead
Merger and acquisition activity among forwarders and other logistics interests is surging, and shippers likely will emerge as big winners as rates become more competitive and new services emerge. The flurry of M&A activity this year includes the takeover of logistics giant Panalpina by Danish transportation company DSV and the acquisition of CEVA Logistics by French carrier CMA CGM. Other large players, including DFDS, Kuehne + Nagel, and SEKO Logistics, are engaged in or plan further acquisitions. The M&A activity comes in the wake of strong growth in 2018, when 3PL net revenues in the US grew more than 12 percent to an estimated $86.4 billion and overall gross revenue jumped 15.8 percent to $213.5 billion, according to consulting company Armstrong & Associates Inc., the fastest rate of growth since 2010, when the industry was climbing out of the depths of the global recession. As 2019 nears, however, several warning signs are emerging: Global economic growth is slowing precipitously; the US-China trade war is now in its second year, with no clear resolution in sight; regulations such as the IMO 2020 low-sulfur mandate are clouding the picture on costs; high inventory levels are making future trade growth levels difficult to project; and the extent to which technology services — from traditional forwarders as well as so-called disruptors — is helping is still an open debate. This webcast will analyze the critical issues defining 2019, and what they mean in the year ahead.
Moderator:Chris Brooks, Director, Programming, JOC Events, Maritime & Trade, IHS Markit
Speakers:Richard Armstrong, Chairman & CEO, Armstrong & AssociatesDaniel Gardner, President, Trade Facilitators Inc.
Additional Details to follow.Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
Port Productivity: Finding Efficiencies in an Inefficient System
The amount of time container ships spent at port rose in the first half of 2019, despite relative gains in terminal efficiency, according to an analysis of The Journal of Commerce’s port productivity data. Provided by seven of the 10 largest global container ship operators, the data comprises some 200,000 port calls per year, through which more than 350 million TEU of container terminal moves are made across an array of 455 ports. At the world’s 63 busiest ports — accounting for 62 percent of all calls and 73 percent of all container terminal moves within the data set — vessels with a capacity of 5,000 TEU or more spent an average of 26 hours at port per call during the first six months of the year. Average ship size (measured as nominal TEU of capacity per call) at these 63 ports increased 3.4 percent compared with the same period of 2018, with a corresponding year-over-year increase in call size (moves per port call) of 7.2 percent.
This webcast will analyze the latest trends in berth productivity, and answer the following questions:
- With debate raging about whether the US economy faces a recession, what should trucking interests expect in terms of industrial, consumer, and freight demand?
- With ships growing in size, utilization rising as a result of carrier consolidation and alliances, and BCOs seeking better visibility and service, what does the future hold for this critical link in the global supply chain?
- What ports, terminals, and regions have above-average performance levels, and why?
- Where are the major pain points, and what is being done to alleviate them?
- With pressure mounting on carriers to slash and eventually eliminate carbon emissions, what will programs such as Port Call Optimization mean for the industry and port productivity?
Moderator: Turloch Mooney, Senior Editor, Global Ports, JOC
Speakers:Andy Lane, Partner, CTI Consultancy
Additional Details to follow.
Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
European Shipping Outlook: Where Is the Market Heading?
The European container shipping market late this year and early 2020 faces challenges that will affect carrier profitability and have potentially serious consequences for shippers. After increasing 4.5 percent in 2017, container volumes grew just 1.4 percent in 2018, and although IHS Markit expects European imports from Asia to increase by 4.2 percent this year, economic headwinds could make it difficult to get there. Economic growth is slowing in the EU’s largest economies, and concern is growing about a possible recession in Germany, the post-Brexit UK, and France. Considering the Asian inbound trade accounts for half of all European imports, slowing growth in volumes from Asia isn’t good news for container shipping. While demand slows, container shipping capacity is heading the other way. After factoring in the mega-ship deliveries coming this year, Sea-Intelligence Consulting estimates that capacity on the Asia-Europe trades will increase by a net 10 percent. The level of demand will be crucial in filling these vessels and allowing carriers to lift and sustain freight rates at profitable levels, something they have struggled to do. Instead, carriers have tried to manage their capacity as best they can, and with an ongoing supply-demand imbalance, frustrated shippers will need to get accustomed to more blanked sailings, slower steaming, adjusted port calls, and more idled vessels. This will further challenge shippers already dealing with on-time performance that has ranged from 35 to 70 percent in the major east-west trades.
This webcast, led by JOC Senior Europe Editor Greg Knowler and held in the wake of the 2019 Container Trade Europe Conference, will analyze the outlook for the European container shipping market as 2019 winds down.
Moderator:
Greg Knowler, Senior Editor, Europe, JOC, Maritime & Trade, IHS Markit
Speaker(s):
Rahul Kapoor, Vice President and Head of Research & Analytics, Maritime & Trade, IHS Markit
Andrew Gillespie, Director, Global Logistics, Ansell
Additional Details to follow.
Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/advertising/
Logistics Technology: How New Solutions Are Reshaping Supply Chains
Technology is often presented as the answer to all shipper ills. But often, shippers juggle an array of problems for which they see technology as a solution, not the solution. The challenge of keeping up with the latest and greatest software bumps up against the need to keep the business moving. And logistics practitioners believe the ability of their teams to innovate in creative ways sometimes can eliminate the need to invest in new systems.
This webcast, led by JOC Senior Technology Editor Eric Johnson and timed to occur in the wake of the JOC LogTech19 Conference, will analyze the state of logistics tech, what solutions are working to alleviate shipper challenges, and what new solutions shippers can expect to see over the next year.
Moderator:Eric Johnson, Senior Editor, Technology, JOC
Speakers:Angela Czajkowski, Director, Supply Chain, ShapiroAudrey Ross, Logistics and Customs Specialist, Orchard Custom Beauty
Recent News and Analysis
Maritime News
- CMA CGM, ONE in India-USEC VSA talks amid standalone operational woes: sources
- Norfolk aims to be preferred USEC gateway with deeper port: CEO
- No fast turnaround expected for declining MPV capacity trend
- US transportation pricing soars, aided by frontloading, capacity cuts
- Overlapping demand waves reshaping traditional peak seasons: Rhenus
Surface News
Air Cargo News
- Trans-Pacific air cargo sees huge US demand for data center components
- Global air freight capacity shortages to put brakes on demand growth
- Era of 'low data, low accountability’ over for air cargo e-commerce: Tiaca
- Asia-Europe air cargo rates remain elevated as Gulf tensions escalate
- Air freight supply-demand factors adjust to war-disrupted market
Supply Chain News
- UK faces surge in cheap imports as EU eliminates duty-free access
- US warehousing expanding faster at key inland hubs
- Overlapping demand waves reshaping traditional peak seasons: Rhenus
- Truck tech suppliers connect capacity, relationship management
- India-USEC ocean rates jump to 20-month high amid capacity pressures