Many shippers have told us they wanted greater reliability and accountability with their carrier partners, but didn’t think they could use NYSHEX for three main reasons:
Many who are reading this article desire to stay up-to-date on our trajectory from afar, as guaranteed contracts could one day be an option for you in a pinch. Others of you can take pride in knowing that you have personally helped build the Exchange into what it is today. Regardless of where you are in your journey toward guaranteed contracts, this article and the resulting impact to the […]
If you work in the container shipping industry, the chances are pretty high that your company, or at least one of your business partners or competitors, is undergoing a digital transformation. It was inevitable, right? Countless other industries have gone digital over the past few decades, including payments processing, retail, financial exchanges, travel, hospitality, and real estate. In fact, […]
While most people are aware that NYSHEX offers enforceable contracts, they may not be aware of what the process is for having that contract enforced. The dispute process may sound daunting in theory. However, NYSHEX strives to make this process as efficient as possible. Our dispute process is not the large tribunal you may be picturing. At the same time, it is not a completely arbitrary […]
We are on the cusp of a new era in shipping; one in which the basic practices to which we’ve grown accustomed will no longer exist. Competitive advantages will be achieved by the organizations who drive out inefficiencies and can interpret real-time data.
Rules are often seen as a bad thing. They establish expectations and scope of responsibility and can sometimes feel like a wet blanket. If you challenge yourself however, I bet you can think back to many instances in which you were elated to have a set of rules. Perhaps the movers damaged your great-grandmother’s antique buffet or left you with a busted bed frame. You got the run-around and had […]
This week some really exciting news came out in the industry. Maersk announced that they are launching “Maersk Spot” which will offer shippers guaranteed equipment and space in exchange for a penalty if they don’t show up with promised cargo.
Have you ever seen that Bill Murray movie, “Groundhog Day?” It’s the one where the cynical TV weatherman finds himself reliving the same day over and over again. He tries with all his might to make it work to his benefit but ultimately accepts that things are never going to change. Well, that used to be my day job!
When we started to plan for last year’s TPEB peak season, all the signs of the makings of a tumultuous peak were written clearly on the wall. Now as we look at 2019, not much has changed. First, in 2018 threats of increased trade tariffs were looming. Yep, that’s still definitely the case in 2019. Second, we saw no announced efforts to combat the worsening schedule reliability trends including […]
I joined NYSHEX about two years ago and this is my first experience within the shipping industry. Accurate forecasting, precise financial planning and keeping costs low are all incredibly critical aspects of my role and what keep all finance and accounting executives up at night. I’ve been completely shocked by the opacity inherent and unique to shipping freight procurement. This post is intended […]
