Origins of The Celebration and Its Implication for The Global Economy The Chinese New Year, also known as the Spring Festival, is a major holiday that has been celebrated for thousands of years in China and other parts of Asia. The origins of the holiday can be traced back to ancient China when the Chinese […]
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How The Perfect Relationship Can Revolutionize The Logistics Industry Download the PDF Here Cotransa is a company founded in 1972 with more than 200 employees, which offers services in Europe and Latin America. It is positioned as one of the most important logistics companies in Spain and is expanding to the American continent. It offers […]
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A look at the past Spot rates unpredictability made carriers took advantage of market conditions and supply shortages for the past two years. They were able to push for higher long-term contract rates and established terms and conditions that better fit their business. For example, Maersk incremented its multi-year contract share to nearly 70% of […]
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It is not an easy task to find the best freight quote in the market. Let’s talk about spot rates and how the opportunities that come with them can change your commercial process for good. What are spot rates? Spot rates are used to set pricing for shipping freight. Typically valid for one shipment only […]
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Freight forwarders manage a lot of information day by day, and they share it with many parties who are usually located across the globe. Thanks to digitalization, now they can do it using digital tools like cloud computing services and high-speed data sharing. But, why should they invest in these new technologies? Digital tools like […]
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Despite the disruptions in supply chains, shipping, and global economies caused by the pandemic in 2020, the industry has gained some confidence in facing different threats and has learned how to manage new risks. However, there are still other problems that endanger the continuity of the different agents for the next decade. We invite you […]
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Freight forwarders’ profit margin is limited as their earnings come from helping shippers to organize the loads and properly deliver their shipments. This margin is often affected by neglecting the hidden costs of using outdated systems that make their tasks even more difficult and invested expenses. Thus, we decided to list for you those hidden […]
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Competitiveness in the freight forwarding industry is on the rise. Now, freight forwarders must be alert so that their profit margins are not reduced. One of the alternatives to keep the company profitable may be to keep costs low. But how can this be achieved? In a freight forwarder, reducing costs can sometimes seem […]
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In freight forwarding, the peak shipping season is the busiest one of the year due to increased demand, which leads to higher rates and much tougher competition. This season is just around the corner and that is why, at Cargofive, we share with you some tips to get the most out of it. The […]
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As digitalization in the sector progresses, traditional freight forwarders face more and more challenges, and their survival now depends on how prepared they are. Today, there are certain companies that are threatening their position in the market and we think it is important to analyze them, in order to take action on the matter as […]
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