nestcargo @ solutions iii conference
TRANSCRIPT
Online freight marketplace
Nestcargo helps importers/exporters find the right carrier, at the right price to transport their goods internationally, through road, sea and air.
The old way The way
- 3,000 international transport shipments (1 year)
International transport costs of Less than Truckload Loads (LTL)
Air4%Sea
10%
Road86%
Uploaded by:- Greek SMEs (almost all their international shipments)- Greek large enterprises (mostly their spot international shipments)
All kinds of shipments: Dry, Conditioned, Refrigerated, ADR
Shipments from the following industries:Food & Beverages, Textiles, Clothing, Chemical & Pharmaceutical products, Machinery, etc.
Sample:
Greek Imports
LTL (87%)FTL
Max-Min: 58%Avg-Min: 24%
Max-Min: 29%Avg-Min: 14%
Max-Min: 62%Avg-Min: 23%
Max-Min: 56%Avg-Min: 25%
Max-Min: 47%Avg-Min: 22%
Greek Imports - LTL
=100 shipments
% Max-Min: Average difference between Maximum and Minimum quote per shipment% Avg-Min: Average difference between Average and Minimum quote per shipment
Greek Exports
LTL (81%)FTL
Max-Min: 33%Avg-Min: 15%
Max-Min: 32%Avg-Min: 13%
Max-Min: 29%Avg-Min: 10%
Max-Min: 51%Avg-Min: 20%
Max-Min: 54%Avg-Min: 23%
Greek Exports - LTL
=100 shipments
% Max-Min: Average difference between Maximum and Minimum quote per shipment% Avg-Min: Average difference between Average and Minimum quote per shipment
Conclusion:
The cost of LTL international transport is extremely volatile
Each carrier’s transport quote is influenced by: • time • free capacity within trucks, containers and airplanes at any given moment • network of collaborating carriers abroad
Same shipment, one week later. Carrier C’s quote is 17% higher.
Real example. Identities of shipper and carriers are hidden.
Spot international shipments: Collect quotes every time!
0%
17,5%
35%
52,5%
70%
Less than -30% -30% to -10% -10% to 10% 10% to 30% More than 30%
30,8%
61,5%
5,8%1,4%0,5%
Time saving through the online quote collection process
50%
Random responses
E-mails & Telephones
Online quote collection
Response #1 2 days 1 day
Response #2 30’ 10’
Response #3 1 week 2 days
Cost saving through the online quote collection process
10% - 30%
Shippers satisfaction survey:
