MTS Logistics

MARCH 25, 2024

The ocean freight contract season is a critical time for businesses involved in global shipping and trade to negotiate advantageous terms and rates for delivering products across international borders. Let’s examine the details of the ocean freight contract season and how companies can successfully manage it.

Negotiating Skills 78

Negotiating Skills Freight Price Reduction Expense Reduction 78

MTS Logistics

FEBRUARY 26, 2024

Let’s start with some definitions of what a freight forwarder is. A freight forwarder is a person or company that coordinates and organizes the movement of shipments on behalf of a shipper by partnering with carriers who transport cargo by ships, airplanes, trucks, and railroads.

Freight forwarding 89

Freight forwarding Negotiating Skills Freight Negotiate Pricing 89

Globalior

JUNE 9, 2020

This is an important part of maritime laws and regulations that safeguard the safety of ocean faring vessels, sea ports, seamen, crew and cargo. ISPS code regulations were introduced by the International Maritime Organization (IMO) on the 1st of July 2004. Analysis of information collated.

Security 52

Security Government Maritime Document 52

Shipping and Freight Resource

DECEMBER 30, 2021

Based on this, there seems to be a natural and immediate view that these lines fit the definition of cartel “ A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. It’s definitely not the whole story. Which leads me back to my initial tweet.

Definition 102

Definition Supply Chain Design Software Supply Chain Software Supply Chain Design 102

MTS Logistics

JANUARY 3, 2023

The definition of normalization is difficult to come by. Lower freight rates. For ocean freight rates, it is just the perfect storm to have downward pressure. West Coast ocean freight rates have bottomed out. And, the same applies to air freight, especially now that China is opening up. Transpacific U.S.

Negotiating Skills 105

Negotiating Skills Industry Tracking and Tracing Inventory Reduction 105

MTS Logistics

MARCH 4, 2022

Many argue that ocean carriers are the definition of an oligopoly. House of Representatives passed in December 2021, the Ocean Shipping Reform Act which gives the US Federal Maritime Commission more power to act on anti-competitive behavior by container shipping lines and would require ocean lines to “meet minimum service standards.”

Government 77

Government Price Reduction Freight forwarding Maritime 77

MTS Logistics

MARCH 23, 2022

Last week, the White House announced the Freight Logistics Optimization Works (FLOW) initiative, which we reported on earlier this week. It uses the Federal Maritime Commission (FMC) to provide stronger oversight of the industry by instituting reporting requirements for shipment volumes and other figures. House back in December.

Government 84

Government Supply Chains Maritime Optimization Software 84