Freight: Dasher, Carrier, Forwarder (and Rudolph)
The Ghost of Christmas Yet To Come looms with startups eager to automate freight shipping, from “Uber-for-trucking” companies like Cargomatic and Convoy, to online freight quoting like us at Freightos, and even incumbent forwarders, with K+N’s new online platform. Lower carrier prices and more efficient technology promise great savings for importers next Christmas season.
There is certainly demand for better freight.
Zepol channeled Santa’s supply chain Big Data:
“Ho, Ho, holy cow! Retailers seem to be gearing up for what could be a mega shopping season…This August alone, U.S. importers brought in 1.86 million TEUs (twenty-foot containers), 9 percent higher than August of 2014”.
The Hackett Associates/National Retail Federation’s (NRF) Global Port Tracker report supported Zepol’s forecast.
“Retailers predict that import volumes at the nation’s major container ports will finish the year on a high note despite weak demand during this year’s traditional peak shipping season.”
On the customs side, it’s still very much the domain of Christmas Past. Ever since the US Congress instituted tariffs as just the second law it ever passed, tariffs have been slow in adapting. NPR’s Planet Money drove the point home with Santa’s costume, which can range from HS Section 9505 (festive articles), as importers would argue, to the U.S. Customs’ claim that the red suit falls under normal apparel codes, which attract much higher import duties.