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The idea is to crack open ocean freight pricing and provide much greater visibility into market average prices on upwards of 160,000 global trade routes.
Low operational costs can be achieved by combining rail volumes on a corridor and by intensive use of the rolling stock and traction assets and thus can offer competitive (to road) freight pricing.
Shotput aims to provide end-to-end fulfillment solutions for companies, negotiating freight pricing, warehousing, quality control, and parcel rates down to lower prices than what can be achieved by a single small business.
To that end, Freightos says that, now it's combined with WebCargoNet, it's able to offer over 200 million freight pricing data points, establishing what it claims is the largest freight rate database in existence.
Developed in partnership with the Baltic Exchange, a market information provider for the maritime transportation industry, the FBX tracks freight pricing from 12 major routes around the world and also combines them into one index to serve as the freight industry's equivalent of the S&P 500.
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This would be cheaper than the current freight prices.
He succeeded in lowering fuel prices, highway tolls and railroad freight prices.
But as a businessman, he said, he understands that uncomfortable decisions — like raising freight prices — have to be made.
The crisis and its immediate aftermath were also a period of particularly volatile freight prices for transportation to and from Europe.
Although English tonnage and trade increased steadily from the late 17th century, critics of the navigation system argue that this would have occurred in any case and that the policy forced up freight prices, thus ultimately making English manufactured goods less competitive.
But many Wall Street analysts say despite the fact that falling energy and freight prices are helping aluminum makers, it is tough for Alcoa and its competitors to make money with aluminum prices at such low levels.
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CEO of Professional Science Editing for Scientists @ prosciediting.com