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Freight Brokers News

21 Sep 2015

Crux Systems' Launches Logistics App

Crux Systems announced  the availability of its new app that provides truck drivers, marine terminals and freight brokers with more insight into their delivery order status, container availability, routes and processing than ever before. With visibility into this data, marine terminals can plan more efficiently and reduce congestion at the gate. Drivers or dispatchers simply forward their delivery orders to [email protected], and the information is automatically imported to their account.

12 Jan 2015

Supertankers Buying Spree to Beat Oil Glut

Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months, Reuters said, quoting freight brokers and shipping sources. These companies have booked crude tankers for up to 12 months - taking advantage of some cheaper rates of hire. The idea is that by effectively parking large tankers full of oil offshore, oil owners can take advantage of cheap supplies and simply wait for prices to regain some strength. Costs have plunged more than 50% in the past six months as a result of a glut in supply and fears for world economic growth.

16 Jul 2014

PayCargo Re-introduces its Logistics Credit Program

Provider of electronic invoicing and settlement solutions for the shipping industry, PayCargo, LLC, says it has brought back its highly successful PayCargo Credit Program. PayCargo provides a global, online freight payment system that allows shippers, carriers and freight brokers of all sizes to settle accounts faster and more safely than ever before. Since being spun out of a major financial services company earlier this year, PayCargo has been expanding into other transportation segments such as air cargo, trucking, rail, and warehousing. As part of its expansion, PayCargo has arranged funding of the credit facilities it offers its clients. PayCargo can now offer very competitive financing options.

15 Jul 2009

Sam Shipping Freight Portal

Sam Shipping has recently launched the comprehensive freight portal www.FreightMarket.com. The portal, designed to obtain quotes for shipments between South America to Asia, will offer a platform for exporters, importers, traders and freight forwarders to list their freight requirements. The portal also offers freight quotes from NVOCCs and freight brokers, as well as a timetable of airline and shipping line schedules.