If you are looking for a way to find cargo, within seconds, you might want to check out Coreties. Coreties is a web-based platform that provides access to data from customs. It allows Freight Forwarders and Carriers to easily identify potential customers, monitor their clients' shipments, and expand their business.

However, finding cargo is not the only challenge that Freight Forwarders and Carriers face in the current market. The global pandemic has disrupted the supply chain and created a situation of high demand and low supply of containers. This has led to congestion, delays and skyrocketing freight rates. Now that the pandemic is considered “over”, the market, and thus demand, is cooling down. As a consequence, freight rates have plummeted while costs and commitments remained relatively high. For Freight Forwarders and Carriers, this means:

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Higher costs and lower margins

Because there’s a surplus of containers and demand for shipping is facing a deficit, the cost of moving cargo has plummeted. The last years we have seen 6 figure freight rates, whereas now, we’re back to 5 figures tops. This puts pressure on the profitability of Freight Forwarders and Carriers, especially if they have fixed contracts with their customers.

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Customer satisfaction

During the last few years carriers and freight forwarders have seen their best years since decades. At the same time customer satisfaction has never been worse. With a take it or leave it approach due to container deficits and limited capacity the shipper has been neglected. Now this the trend has flipped as to where Forwarders and Carriers will need to set-up to gain the customers trust back. Seems the odds are once more in favor of the Beneficial Cargo Owner and the logistics providers will have to adapt to this reality.

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Schedule reliability

Schedule reliability and service levels are now most important to get back to pre-Covid standards. In combination with capacity surpluses and never-seen order books, BCO’s are now back in charge on where to book instead of having to fight for every last slot.

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Customs data offers an array of solutions.

To cope with these challenges, Forwarders and Carriers need to adopt smart strategies and strong customer focus to secure cargo. As a consequence it becomes more difficult to bind customers to service providers in the last place Forwarders with large sales teams. So, how does Coreties help your organization in weathering this storm?

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Diversify their customer base and markets

By using Coreties, Freight Forwarders and Carriers can find new opportunities and expand their network of clients. They can also explore different trade lanes and regions where the demand-supply imbalance is less severe or more favorable.

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Negotiate flexible contracts and rates

By using customs data as a starting points, Freight Forwarders and Carriers can monitor the market trends and fluctuations in real time. They can use this information to negotiate more dynamic and variable contracts and rates with their customers, based on supply and demand conditions.

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Optimize container utilization and allocation

Freight Forwarders and Carriers can track demand and movements across different locations. They can use this data to optimize their container utilization and allocation, by reducing empty repositioning and maximizing vessel utilization

Coreties is more than just a platform for finding cargo. It is a solution for navigating the complex and challenging world of container shipping in the post-pandemic era.

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