Compliance from step one
Over the last year a lot has been written about who and what NYSHEX is and what container shipping problems NYSHEX is addressing through industry collaboration. There has been a lot of great press coverage from the JOC, a cover story in American Shipper's February 2017 issue, and more recently Gordon Downes, NYSHEX CEO, was featured on MSNBC's SquawkBox. NYSHEX has been called a marketplace and a digital freight forwarder, a bidding site and a booking platform. NYSHEX is none of these.
The U.S. export market was a hot topic this week in the news. For our U.S. Export members, this is good news since a strong harvest and growing export demand is good for the market.
When the organizers of the 2017 South Carolina Logistics Tech Talk invited NYSHEX to speak, I couldn’t resist the temptation to indulge in some of my favorite (Southern) things and may or may not have offered harmless bribes to team NYSHEX to send me.
In a recent JOC.com article, Peter Tirscwell, iHS Maritime & Trade's Senior Content Officer, explored the impact rate volatility is having on carrier shipper relationships. The article, while not about NYSHEX, strikes at the heart of the problem that we have been fighting since our company's inception: container freight rate volatility. In the article, Peter describes concerns from carriers and shippers alike that arise due to not only volatility but also increased unreliability in the industry. With NYSHEX, BCOs now have a choice to secure guaranteed volumes with NYSHEX. In this blog post, we offer BCOs some best practices for including NYSHEX in their ocean freight strategy.