Managing Global Transportation: How NVOCCs can operate more profitably
Global transportation isn’t getting any easier to manage. With new rules and regulations to learn, new compliance requirements to adhere to, and new customers and business partners to onboard, navigating the complexities of the global market can be difficult for any company.
Logistics in the NewsDHL opens second Dallas-area facility AAR reports annual U.S. rail carload and intermodal gains for the week ending August 12 July U.S-bound shipments are solid, and August looks better, reports Panjiva July Cass Freight Index Report points to annual gains and sequential declines Truckload spot and contract rates seeing a summer bounce, says DAT More Logistics News
Non-vessel operating common carriers (NVOCCs) are orchestrating the movement of global shipments for multiple customers with unique transportation management requirements. Faced with uncertainties like fluctuating surcharges—but needing to remain competitive when bidding against other providers— NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions in the changing global market.
Over the next few pages, we’ll look at the specific needs of these companies, hear how one NVOCC is using technology to make its global transportation component more ef cient, and show how these solutions can help these companies work smarter, better, and faster in today’s global environment
Reducing costs in a competitive landscape
NVOCCs must respond as quickly as possible to the requests for rate requests and RFQs sent out by shippers with competitive rates. The requests can range from a spot rate for a one-time move to a bid of a hundred or more lanes that may result in an NVOCC Service Agreement with the shipper.
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