OW Logistics

OW Logistics becomes first Asia CIF shipper to make the TPEB journey on NYSHEX.

Asia-based boutique, OW Logistics (OWL) built its reputation, and leading-edge international network, on two things:

  •  Offering “extra mile” service that people love
  • Committed investment in innovative solutions that give their customers an advantage 

Whether it’s delivering a container of bathing suits in time for bikini season or transporting 8-ton buoys that keep an entire region’s water supply afloat, OWL is known for delivering solutions to customers’ challenges with a smile.

Their retail focus brings them into constant contact with small to medium-sized U.S. importers and Asia-based exporters with tight, unforgiving delivery dates often during peak season. That’s when OWL puts on their problem-solver hats and gets to work by leveraging their connections, creativity and constantly-expanding array of technologies at hand.

Such was the case one sunny day this summer when a global Ecomm retailer came to OWL with a container of toys from Shanghai, a hot timeline and a California destination. Not only was it a challenge to secure space during peak, it was very important for this cargo not to get rolled.

For OWL, it sounded like the perfect opportunity to try solving an age-old challenge with the latest technological solution on the block, NYSHEX. As Eric Seamon, President of OWL describes it, “Even when the carriers offer fixed space with a space commitment, the truth is the carrier may not accommodate the requested space if there is a great difference between the fixed rates and the market floating rates. As a result, we may pay premium in order to secure the spaces, or risk getting rolled.”

THE NYSHEX SOLUTION

The ability to guarantee ocean space with the NYSHEX Forward contract had natural appeal to OWL. As technologically-savvy early adopters, they were keen to try it. The only problem was that until this summer, the only transpacific eastbound offers on the exchange were for U.S.-based importers. 

As luck would have it, NYSHEX opened their Asia operation in early summer at just the right time. The toy shipment gave OWL the opportunity to try a totally new solution to a problem that often comes up. As Seamon describes it, “A late or rolled PO often means missed Advert dates and could lead to air freight. Also, we work in fashion and if there is a delay of even a week, the cost of obsolescence can become a factor.”

After they made their decision, the rest was history. According to NYSHEX’s first official Asia CIF shipper, joining was super easy. For their maiden voyage, they chose an offer from Hapag-Lloyd and reported that the confirmation and booking processes were smooth.

OWL provided some valuable feedback regarding SI processing and customs manifest submission, too. Their suggestions will surely benefit other TPEB shippers on the exchange in the future.

NYSHEX Customer Testimonials

"We see this as a way to protect our customer relationships by minimizing the interruption in their supply chains due to rolls during times when capacity is tight."

- Eric Seamon, President, OWL

THE ANDERSONS' RESULTS

NYSHEX has become a proven complement to The Andersons’ service contracts. In fact, after mere months on the Exchange, they became one of our top trading members and a vocal advocate in the industry, willing to tell anyone just how enforceable contracts enhance carrier-shipper relationships.

In fact, you can hear straight from The Andersons’ own April Zobel, Logistics and Export Manager, how NYSHEX enhanced the already-stellar relationships she has with her carriers.

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