21/10/2014
The 2014 Young International Freight Forwarder of the Year (YIFFY) Award has been presented to South African forwarder Fortunate Nompumelelo Mboweni at the FIATA Annual Congress in Istanbul.
15/10/2014
Results from the latest customer survey from the TT Club, the leading freight transport insurer, have revealed that 85% of Members and brokers feel that the Club always meets or exceeds the standards set out in its service commitment.
10/10/2014
The TT Club, the leading international transport and logistics insurance provider, today released a trading update for the period 1 January - 31 August 2014.
07/10/2014
Adoption of Standard Trading Conditions (STCs) can be an effective short-cut for parties involved in the movement of goods, both nationally and internationally, as part of the fabric that gives certainty in dealings. However, for STCs to reach 'first base', allowing a party to rely on them, they must be incorporated in a way that courts generally recognise.
The transport supply chain is designed to bring together one party that requires a service with another who offers to provide that service - generally many times over. In all scenarios, there is some form of contract that ensues (whether written or oral), which not only outlines the nature of what will be done but also defines the obligations between the parties. Such contracts are essential and at least a basic understanding is required by all.
03/09/2014
The use of flexitanks for transporting bulk liquid cargo has grown rapidly over the last decade, and this has been projected to continue with perhaps 15% per annum, reaching 1 million shipments in 2018. Products carried include wine and other foodstuffs, traditionally supplemented by latex and dispersions. The latter, together with newer products such as base oils, edible oils and chemicals, can cause problems if a failure occurs in the supply chain and regulators are concerned.
The carriage of bulk liquids in general purpose (GP) containers is increasing in volume, with 650,000 shipments projected for 2014, up from about 100,000 in 2005. Attention has been focused on the two issues that plagued early designs - damage to container walls and cargo leakage - exacerbated by the proliferation of manufacturers and service providers. The diverse stakeholders have collaborated to improve standards, under the auspices of the Container Owners Association (COA).
05/08/2014
Scarcely a week goes by without media highlighting some element of cyber risk. Focus is generally given either to 'national security' issues or scams impacting personal financial matters. While businesses are revealed as vulnerable to breach of data for these purposes, there may be complacency concerning thorough risk assessment and mitigation programmes, particularly in industries - such as the international supply chain - where the customer and supplier relationship is historically more secure.
An increase in both the sophistication and frequency of cargo thefts in 2013 has been highlighted in statistics released by TAPA (Transported Asset Protection Association). Interestingly - and in line with general expectation - the average value of reported cargo thefts continues to rise globally, notably in excess of US$300,000 in the EMEA region. This would suggest that the trend of highly targeted efforts by organised criminals continues, systematically identifying higher value cargoes. Unsurprisingly, the results in 2014 continue on the upward trend.
04/07/2014
Leading freight transport insurer, TT Club, has announced its support for a unique learning initiative - Business on the Move. The educational tool takes the form of a board game which is designed to be played at varying levels of complexity. Consequently, it is suitable for primary and secondary school children as well as higher education students, management trainees and corporate continuous development schemes. TT Club sees the initiative as an imaginative means to educate and inspire young people in the UK, motivating an interest in and comprehension of modern supply chains and the transport resources that service them.
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