data

Hapag Lloyd to start real-time box tracking

World map with transport
Credit Gerd Altmann via Pixabay.

Container shipping company Hapag Lloyd will begin mass installation of real-time tracking devices on its containers at its depots worldwide.

“The new technology will offer us the advantages of being able to create visibility, detect delays earlier, automatically inform any affected customers, and initiate the appropriate countermeasures,” the company said in a statement, adding that the move will help make supply chains more transparent and efficient.

The devices...

https://www.shippingaustralia.com.au/hapag-lloyd-to-start-real-time-box-tracking/

US Federal Maritime Commission intends to use the work of the DCSA as a “template” for data standards

Photo credit: Markus Spisks\e via Pexels

Carl W Bentzel, a commissioner of the US Federal Maritime Commission, has stated that the US FMC intends to use “much of what [the Digital Container Shipping Association] has done as a template for emerging national standards for intermodal maritime data, from point of origin to ultimate destination”.

Commissioner Bentzel added that DCSA standards provide an invaluable tool for achieving standardized, digital data communication in the industry.

The DCSA...

https://www.shippingaustralia.com.au/us-federal-maritime-commission-intends-to-use-the-work-of-the-dcsa-as-a-template-for-data-standards/

Manual data entry is a waste of time, effort, and money that wrecks Australia’s ability to compete

A small container feeder vessel gets underway. Photo supplied by PwC.

By Cam Tran, Senior Manager – Global Trade, and Crystal Paris, Associate Global Trade & Taxes, both of PwC

Australian freight volumes are projected to grow by over 35 per cent by 2040[1], and yet Australian freight data systems cannot easily exchange information due to lack of adoption of relevant standards. Our freight community is suffering because so much time and effort is wasted on manually entering and re-entering data...

https://www.shippingaustralia.com.au/manual-data-entry-is-a-waste-of-time-effort-and-money-that-wrecks-australias-ability-to-compete/

Supply chains have a forecasting problem

High frequency data is the solution to navigating a volatile environment

Warehouses are full of unneeded inventory due to the fact companies like Target and Walmart could not predict demand and production capability effectively. While few companies have come out with a supply chain success story from the past two years, there are lessons to be learned from the gross failure of demand side forecasts.  

The Outbound Tender Volume Index (OTVI) that measures truckload demand did not predict the...

https://www.freightwaves.com/news/supply-chains-have-a-forecasting-problem

Standardization could be key for advancing emissions data tracking

A red and white tractor trailer travels along an interstate.

Shippers and carriers face increasing pressure from retailers, customers and investors to reduce emissions. Standardization, greater awareness, commitment to action and ease of implementation could help companies, large and small, track and reduce their emissions.

“One of our objectives is to allow shippers to send their individual goals for sustainability,” Priya Rajagopalan, chief product officer at FourKites, told FreightWaves. “Especially now, we see a lot more shippers with very specific...

https://www.freightwaves.com/news/standardization-could-be-key-for-advancing-emissions-data-tracking

Data-driven decision making creates change in supply chain

Silver truck n highway

“Data” has become a popular word in the transportation and logistics industry over the past several years. At this point, shippers are well aware that they need access to data in order to make the best decisions possible for their business. There tends to be some confusion, however, around determining which data points are important and what exactly to do with that information once it is secured. 

For shippers, the true value of data lies in its cost-saving and performance-enhancing potential....

https://www.freightwaves.com/news/data-driven-decision-making-creates-change-in-supply-chain

Tackling transportation-related emission visibility — Net-Zero Carbon

The FreightWaves Net-Zero Carbon show logo is in green in front of a black background with green trees.

On this episode of Net-Zero Carbon, Danny Gomez, managing director of financial and emerging markets at FreightWaves, talks with Dominik Hengge, head of product at Tracks, about the basics of calculating emissions in transportation. 

They discuss how complex this seemingly straightforward task is and how critical third-party firms like Tracks will be in reducing the data-sharing friction between shippers and carriers. 

Gomez and Hengge said that measuring greenhouse gas emissions is an important...

https://www.freightwaves.com/news/tackling-transportation-related-emission-visibility-net-zero-carbon

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