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Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

A financial modelling exercise to quantify the potential cost savings of the usage of digital shipping documentation, namely the electronic bill of lading (eBL) showed that at a global economic growth rate of 2.4% through 2030 the industry could potentially save an estimated $4 billion+ every year if a 50% eBL adoption was achieved.

Data 90
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The beginning of the end for the Paper Bill of Lading

Shipping and Freight Resource

BOLERO ( B ill O f L ading E lectronic R egistry O rganization) was launched in September 1999 as an electronic trade community to provide a common and open system for businesses to exchange trade data and documentation electronically without the involvement of paper. The e-AWB is now the norm rather than the exception among air carriers.