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INSIGHTS ON AIR FREIGHT AND COST CALCULATIONS IN 2019

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EVERYONE KNOWS THAT AIR SHIPMENTS ARE MUCH MORE EXPENSIVE THAN SHIPPING VIA SEA OR TRUCK, BUT SOMETIMES, URGENT CARGO REQUIRES A SHORTER TRANSIT TIME, LEAVING NO OTHER ALTERNATIVES THAN SHIPPING BY AIR. In those cases, it is useful to know how airlines build their transportation costs, to make an appropriate decision on what service to prefer and how costs are built up. Some of the most important cargo airlines in the world are: Cathay Pacific Cargo Korean Air Cargo Emirates SkyCargo Lufthansa Cargo Singapore Airlines Cargo China Airlines Cargo EVA Air Cargo Air France Cargo For air shipments, the cost is calculated by multiplying the rate (provided per kg/lbs) for the “chargeable weight”, which is calculated based on the weight or volume of goods. The volume/weight ratio is very simple to calculate: 167 kg is estimated for each cubic meter of space (formula: 1 CBM = 167 kg), but if the weight exceeds the chargeable weight, the actual weight will be applied for cost calculation.
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DIGITIZATION WILL HELP IMPROVE PORT PRODUCTIVITY AND PROFITABILITY

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PORT PRODUCTIVITY IS GENERALLY EVALUATED BASED ON THE NUMBER OF CONTAINER MOVES PER HOUR. When comparing the first half of this year’s performance to 2017’s, there has been a 4% decrease in port productivity, which means vessels spent 70,000 extra hours in ports earlier this year. Each additional hour a vessel spends in a port could cost approximately $2,500. With 70,000 extra hours during the first-half of 2018, the growing size of vessels calling ports, the number of containers being exchanged with each port call, and the idle vessel fleet being at a low-point for 2018, the additional costs for the logistics industry could total more than $175 million. Terminals are limited in their capacity to handle larger vessels. Physically adding more cranes may not be possible, or may be highly-challenging, for some terminals. To increase productivity, terminals must focus on and consider alternative solutions. DIGITIZATION IS ONE KEY SOLUTION THAT COULD HELP IMPROVE COLLABORATION AN
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How does the logistics industry catch up with the imported express train?

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Article source: China Road Transportation Network In the face of changes in the domestic and international environment, China will implement a more active open strategy and build an open economic system. One of the important measures is to actively expand the scale of imports by holding the first international import fair. The expansion of the scale of imports means that the proportion, structure and flow of imported goods in China will change significantly, which will bring significant benefits to China's freight logistics industry. The author believes that the most anticipated impact is that it may change the control of foreign-funded logistics enterprises on import and export transportation rights. For a long time, China's foreign trade export goods are mostly traded on FOB terms, and the decision to transport is in foreign buyers. Due to the heterogeneity of services and the lack of overseas networks of domestic enterprises, buyers will choose foreign logistics com
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SHIPPERS FACE UNREASONABLE RISING DEMURRAGE AND DETENTION CHARGES

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FREIGHT FORWARDERS ARE RAISING THE ALARM ABOUT THE INCREASING DEMURRAGE AND DETENTION FEES CARRIERS ARE CHARGING TO MAXIMIZE THEIR PROFITS. Demurrage refers to a charge that a merchant pays for a container that sits at a terminal without being picked up by a trucker. In the case of demurrage, the terminal incurs extra costs from acting as a storage yard. In detention, however, ocean carriers lose the opportunity to return their containers for other shippers needing to move freight. ACCORDING TO FIATA (THE INTERNATIONAL FEDERATION OF FREIGHT FORWARDERS ASSOCIATIONS), THE AMOUNT OF FREE-TIME AT TERMINALS AND FOR USE OF CARRIER EQUIPMENT HAS BEEN DECREASED, WHILE TARIFFS IMPOSED AFTER FREE-TIME ENDS HAVE BEEN INCREASED. Terminals and steamship lines oppose the continued use of detention and demurrage charges as a way to encourage pick up and return of containers to scale up cargo fluidity that has been challenged by discharge of large mega-ships. Additionally, FIATA does not be
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The best logistics solution

FIC Logistics strategic warehousing locations combined with best in class design tools, processes and systems ensure cost-efficient distribution solutions. And our rich experiences in cargo consolidation, sorting, packaging, and shipment of goods from different suppliers, varied specifications enable to offer you best logistics solutions effectively.  l ARE YOUR PRODUCTS MADE-IN-CHINA? l DO YOU NEED HELP DEALING WITH CHINESE MANUFACTURERS ( FROM A LOT SUPPLIERS ) ? l ARE YOU FRUSTRATED WITH THE WAREHOUSING CHORES AND LOGISTICS? l DO YOU WANT TO CUT COST? Our hassle free e-commerce fulfillment service is modeled for the online sellers of Made-in-China products and the sellers all around the world. We primarily store these Sellers's product in China and ship them out whenever required. We provide much cheaper Warehousing and handling services from China and this interprets in maximizing revenue margins for the sellers. Alternatively, the sellers can introduce discou
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About re-transportation FIC Logistics know more

Specializes in re-exports third-party transport (third-country trade quotas) business, according to the requirements of the guests , we entirety provide exports of goods transport , logistics operations and related technical processes. Shenzhen Sunpower Logistics Co., Ltd. has cooperation with local factories in Indonesia, Bangladesh Gala, Myanmar, Malaysia and South Korea, offering appropriate support services for customers and provide original certificate issued by the Some third country . Document the role of third countries: the way to take transit exports, quota-free, to avoid anti-dumping duties, tariffs destination: FIRST . certificate of origin issued by third countries of products: apparel (clothing), shoes, hats, cloth, plastic, ceramic tiles, ceramic system Products, television sets, lighting (excluding light bulbs) and bicycles accessories. These products are limited to Chinese exports, or transit in Singapore or Malaysia (Malay documents only), as well as Dubai, Unite
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Freight forwarding logistics enterprise exploration mode transformation

"In the past, the rapid development of the international freight forwarding industry mainly solved the problem of 'can do', and with the change of the competitive environment and the upgrading of customer demand, the focus of high-quality development is to solve the problem of 'doing well'. This is the industry innovation. The basic path of development.” On August 2nd, at the China International Freight Forwarding Industry Development Forum hosted by China International Freight Forwarders Association, International Business Newspapers and Zhejiang Jinhua Municipal People's Government, Zhao Huxiang, President of China International Freight Forwarders Association Make the above statement. The China International Freight Forwarding Industry Development Forum is held once a year. The Forum insists on highlighting the characteristics of the times, constantly discovering the value of the industry and guiding the company to keep pace with the times. The theme of th
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