freighthub business model
Integrators entering the logistics industry: On the other side, integrators like UPS and FedEx are in … 3PL Warehousing & Storage. - Commission on CoD 3%! Krakovics, F.; Leal, J.E. Since 2012, we have been experience delivering Enterprise cloud software for the ... Freight Consignments. Steven Cairns Managing Director for MV Commercial: “This deal is testament to the excellent working relationship we have with the team at Hiab. In, Jaskólski, K. Availability and Integrity Model of Automatic Identification System (AIS) Information. ; Mendes Jr, P.; Santos, R.L. Remote monitoring technology and servitised strategies–factors characterising the organisational application. Less Than Truckload Deliveries. Received: 12 March 2020 / Revised: 28 March 2020 / Accepted: 11 April 2020 / Published: 4 May 2020. This not only leads to higher employee satisfaction, but also to greater reliability and a better customer experience [, Higher quality data aggregated in a single source also enables fast and uncomplicated data exchange and leads to agility and proactive situation analysis. ; Kemp, R.G.M. MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. The data is sorted according to urgency, and the system sends a notification if action is required. They also have the necessary expertise to advise on certification processes. FreightHub’s SCAI system, using AI, makes accurate predictions at an early stage, which leads to proactive problem solving and, in turn, increasingly reliable delivery performance. How smart, connected products are transforming competition. [. TEAM DGD. Business Model –! https://doi.org/10.3390/logistics4020010, Subscribe to receive issue release notifications and newsletters from MDPI journals, You can make submissions to other journals. This is achieved through enhanced communication, real-time data exchange and monitoring, and automated planning algorithms. Digitalization processes change traditional logistics businesses, leading to more efficient, flexible, and de-centrally organized logistics services. Another limitation found in qualitative research, is the limited number of cases, which prevents the findings from being generalized. Halldórsson, Á.; Kovács, G.; Wolf, C.; Seuring, S. Environmental impacts as buying criteria for third party logistical services. T.G. Ph.D. Thesis, GRIN Verlag, Munich, Germany, 2014. Just look at the way players like Flexport 1, FreightHub 2, Convoy 3, Uber Freight 4 and others are disrupting freight forwarding and truck brokerage by offering shippers more user-friendly services through digital platforms. Parida, V.; Sjödin, D.; Reim, W. Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises. The interview offers an inside perspective on how FreightHub’s digital platform works and how it sets them apart from other forwarders. Accelerating this development, new and digital competitors are entering the market, striving to make freight logistics even faster, cheaper, and more predictable. This section will elaborate on those dimensions for digital business models in sea freight and discuss the contribution of the study, while its limitations, and potential options for future research are concluded in the next section. Customers benefit from proactive communication, particularly in situations where emerging problems can be detected and assessed in advance. The statements, opinions and data contained in the journals are solely Please let us know what you think of our products and services. The AIS is a data exchange system introduced to improve shipping safety and enable the exchange of data, at national and international levels, about passengers, ships entering or leaving ports, and hazardous or environmentally harmful goods being transported by ship. Latest News; CEVA nets two long-term Polish contract extensions Comments Off on CEVA nets two long-term Polish contract extensions. https://doi.org/10.3390/logistics4020010, Gruchmann, Tim; Pratt, Nadine; Eiten, Jan; Melkonyan, Ani. A popular classification scheme is the 1PL to 5PL scheme [, Summarizing the selected papers, it can be stated that the business solutions in the logistics industry have undergone a transformation, starting from the planning of locations and vehicle routing (1PL) towards advanced IT (2PL), cross-docking (3PL), and advanced pooling services (4PL to 5PL) [, Digitalization and digital technologies have great potential for enabling business model innovation [, Regarding the previous research, DBMs are mostly described by Business Model Canvas or business model value dimensions. Applying a digital business model conceptualization, the present paper presents an extended framework for digital sea freight business models. All authors have read and agreed to the published version of the manuscript. Lean production: Mistakes and limitations of accounting systems inside the SME sector. Agile dispatch scheduling further enables intelligent re-routing. It has become common practice to use data transmitted by AIS to increase shipping safety. Non-core competencies in general logistics management can be delegated to 4PL service providers (e.g., foreign trade management, hazardous goods transportation, logistics purchasing, etc.). A transportation logistics platform company, Fr8Hub focuses on truckload freight for US-Mexico cross-border, domestic Mexico and domestic US. Gruchmann, T.; Melkonyan, A.; Krumme, K. Logistics business transformation for sustainability: Assessing the role of the lead sustainability service provider (6PL). In maritime freight transportation, finding ideal container spaces on a vessel is a costly business for shippers/charterers. LTLHub. Logistics 2020, 4, 10. Gruchmann, T.; Pratt, N.; Eiten, J.; Melkonyan, A. ; Kane, C. Using fourth-party logistics management to improve horizontal collaboration among grocery retailers. The latter is used in the present study. Defining and calibrating performance indicators of a 4PL in the chemical industry in Brazil. Digitalization has a major impact on maritime freight transport. Saglietto, L.; Cézanne, C. A bibliometric analysis of research on 4PL. We have an experienced management team with a proven track record in building companies. Finally, many … 3PL Warehousing & Storage. 4PL Digital Business Models in Sea Freight Logistics: The Case of FreightHub. Find support for a specific problem in the support section of our website. Subscribe to receive issue release notifications and newsletters from MDPI journals, You can make submissions to other journals. With so much latent value to be released, it’s no wonder these digital disruptors have their sights firmly set on the logistics market. The basis for efficiently organizing the transport process and effectively communicating with the customer is a reliable database founded on real-time information. Michael Wax from Freighthub talks about what the ideal forwarder-shipper relationship should look like and how his company actively partners with shippers.. ... look like in practice for a recent market entry that’s still proving the viability of the online freight forwarding model? What are the fundamental differences between FreightHub’s business model and a traditional 3PL business model? One, a world-leading lighting manufacturer, has been working with … In, Pflaum, A.; Klötzer, C. Von der Pipeline zur Plattform–Strategische Implikationen für das Unternehmen. Globally, this sector has been growing faster than total GDP, as trade has expanded substantially; supply chains have become longer; and globalization has increased. The German start-up company focuses on Eurasian traffic for all modalities and claims to be the first completely digital freight forwarder of Europe. Steve Jobs went ballistic when public shipping manifests leaked the existence of the iPhone 3G.