Shipping has its own language! As Team NYSHEX grows, those of us who have been in shipping for a long time have begun to realize that when we get blank stares, it’s because of all the three and four-letter acronyms that don’t transfer across industries.
With the additional $13.5 million in additional growth financing announced earlier this month, NYSHEX will expand into new shipper segments, and grow our geographic footprint starting with retailers. Retailers are particularly exposed when the flow of cargo is disrupted as stock-outs can lead to lost sales, diminished share price, and even insolvency. Given our track record for increasing supply […]
We have some exciting news to share with our members! You may have seen in the press that NYSHEX raised $13.5 million in additional growth financing. With this new capital, we have major plans to expand the impact of NYSHEX 99% reliability for the good of the industry we love!
Following 374% Year-on-Year Growth, The New York Shipping Exchange (NYSHEX) Raises $13.5 Million in Additional Growth Financing to Expand Offering to Shippers
How many times have you had to walk away from hard-won business? On the flip side of the coin, how much time do you spend chasing your customers down for the cargo they awarded to you? I remember it like it was yesterday. After years of quoting and relationship building, as a carrier sales executive, I finally won the trust of a massive importer and a multi-million dollar, fixed-rate contract was […]
I spend a lot of time attending webinars, reading industry social media, and speaking with shippers to maintain a pulse on the industry. I’ve observed three main trends that everyone in the industry seems to be talking about right now. Though it may not seem so, the rudder just might be starting to turn the ship in a much better direction.
According to a Drewry survey conducted in April, as many as 10% of North American exports and 20% of Asian exports were rolled this year, impacting over 83% of shippers. During that same period, record volatility, and a shrinking market, NYSHEX posted our highest volumes and plummeting default cases.
Since our 2017 launch, we have seen volume growth of close to 600%. That growth is extremely exciting for Team NYSHEX, but more importantly for our members who continue to benefit from digital contracting. But, growth comes with an increasing need to develop and roll out new product features, like our Binding Request tool to enhanced notifications and reporting capabilities.
NYSHEX is a proud sponsor of the Agriculture Transportation Coalition (AgTC). Their annual meeting brings together some of the brightest shippers, carriers, and other industry stakeholders. Even though this year’s event took place virtually last week, the pivotal discussions charting the course for the future of the industry were not impeded. Here are some of my top takeaways from this year’s […]
From time to time NYSHEX is labeled a “disruptor.” It happened in industry news just this week. A Non-Vessel Operating Commercial Carrier in Oceania lumped us in with a TMS provider and a rate comparison tool which connects cargo owners with NVOCCs, claiming we’re all intent upon “disrupting [NVOCCs’] business.”
