HOW MUCH CARGO CAN THE LARGEST SHIPPING CONTAINER SHIP REALLY HOLD?

It is remarkable that in an age of flight and space travel, most cargo transport around the world is still done by sea. Because of the increasing demands of global trade, cargo ships continue to acquire increasingly greater cargo capacity. Even the global economic slump has not deterred the growth of the size of these cargo vessels. The newest cargo ships are so large that it makes the question of how much cargo they can hold very interesting.

Spotlight

Poly Trucking

Poly Trucking is headquartered in Grand Prairie, TX. We are a long and short-haul domestic carrier. Our fleet is comprised of late model, company-owned trucks. With Poly Trucking, you avoid the delays, logistical problems and additional expenses that often accompany third-party service. We'll deliver your freight safely, efficiently, and on-time.

OTHER ARTICLES
Warehousing and Distribution

Inventory Management Best Practices for Supply Chain Distribution

Article | July 11, 2023

Improve supply chain operations with innovative inventory management best practices. Uncover the techniques for achieving exceptional supply chain performance in the B2B competitive marketplace. Effective inventory management is critical for businesses seeking to optimize their supply chain operations and improve their warehousing & supply chain distribution efficiency. By employing demand optimization techniques, inventory management aims to strike the right balance between meeting current and anticipated future demand while minimizing unnecessary inventory costs. Organizations that maintain optimal inventory levels can mitigate challenges associated with inventory, such as overstocking and stockouts. In supply chain management, inventory optimization is vital, as it directly impacts organization’s ability to thrive. For any enterprise selling products, the effective management of goods is essential. Without adequate stock levels for sales or fulfilling customer orders, revenue generation and overall income can be severely hindered. Inefficient inventory management, leading to stock shortages, can create stumbling blocks for businesses. Conversely, improper stock tracking resulting in excess inventory can strain financial resources. As these issues compound, it further contributes to inventory imbalances, eventually leading to bottom-line losses from expired or redundant stock. According to a recent Statista survey, 40% of the supply chain industry has already adopted advanced technologies to optimize its inventory and using networking tools. The above data signifies the importance of optimizing and managing inventory for improved supply chain performance. Inventory analytics, typically overseen by an inventory manager, offer valuable insights that aid in understanding and enhancing inventory performance. Inventory management best practices help achieve effective inventory optimization, crucial data points encompassing products, suppliers, procurement, purchases, and sales that are meticulously tracked within the inventory management system. These data, in turn, serve as the foundation for formulating inventory metrics aimed at demand optimization. This article explains the techniques to optimize and manage inventory with the inventory management best practices that helps overcoming challenges, addressing procedural considerations, and highlighting the significance of implementing these methods. Additionally, it explores the benefits of adopting solution for improved supply chain distribution network. 1. Implementing Standard Inventory Review Systems To enhance supply chain operations, adopting standard inventory review system is essential, which can significantly contribute to inventory optimization efforts. Two effective methods to review systems include the continuous review system and periodic review system. In the continuous review system, fixed quantities of items are ordered in each cycle, providing a steady and consistent approach to inventory management. On the other hand, the periodic review system involves collecting products at predetermined intervals, considering the inventory levels at that specific moment. Embracing these standardized review systems empowers businesses to streamline inventory processes, maintain optimal stock levels, and improve overall supply chain efficiency. 2. Streamline Stocktake Supply chain operations can be improved by streamlining the stocktaking process, which involves meticulously counting and managing inventory. A well-structured stocktake procedure ensures accuracy and prevents losses by keeping staff engaged and focused. To achieve accuracy and earn profits, businesses must: Schedule stocktakes strategically to minimize disruption in regular business operations. Prioritize cleaning and organizing the stockroom before the stocktake to facilitate efficient counting. Clearly define the item count and the counting methods to eliminate guesswork. Conduct comprehensive stock counts, leaving no room for assumptions. By implementing these measures, businesses can optimize inventory management, identify discrepancies promptly, and maintain precise stock records. The streamlined stocktake process contributes to smoother supply chain operations, reduces inventory-related errors, and enhances overall productivity and profitability. 3. Utilize Cloud-Based Inventory Management System Transitioning from Excel inventory management to a cloud-based inventory management system is critical to enhancing supply chain operations. It is considered one of the most used inventory control best practices. Unlike locally-installed applications, cloud-based software offers numerous advantages, enabling businesses to pay for essential features and effortlessly upgrade as needs evolve. Companies can efficiently manage costs with a predictable subscription fee tailored to feature requirements and team size. Seamless upgrades become hassle-free as business growth justifies a move to a more robust platform, ensuring scalability. Additionally, cloud technology provides continuous support, ensuring smooth operations and quick issue resolution. With a dedicated support team on standby, businesses can focus on optimizing inventory management, managing warehouse automation, and driving overall productivity. Embracing cloud-based inventory management is a business-changing decision that unlocks increased agility, accessibility, and cost-effectiveness for long-term success. 4. Implement Adequate Quality Control Practices Enhancing supply chain operations requires the implementation of robust quality control practices. Accurate quality control processes play a pivotal role in maintaining inventory quality, directly impacting customer satisfaction and business growth. Effective steps include developing comprehensive checklists, outlining stock-taking procedures, followed by standard operating procedures to qualify or disqualify products with effective warehouse management systems. By adhering to these protocols, businesses can prevent issues of overstocking or understocking, ensuring customers receive only appropriate merchandise. Companies can strengthen their reputation, increase operational efficiency, and cultivate lasting customer loyalty through this inventory optimization best practice. The seamless integration of quality control practices into the supply chain fosters a thriving business environment built on excellence and customer-centricity. 5. Preparing Well Planned Inventory Budget A well-structured inventory budget is one of the industry-used inventory management best practices to enhance logistics distribution and supply chain processes. Managers commonly utilize an annual inventory budget, meticulously prepared before procuring inventory. The budget is designed to encompass the total cost of ownership for the upcoming accounting period, encompassing materials cost, fixed operational expenses, transportation and logistics charges, redistribution costs, and other miscellaneous expenses impacting the inventory's total cost of ownership. By crafting a comprehensive inventory budget, businesses gain financial clarity, optimize resource allocation, and ensure efficient inventory management throughout the year. A well-planned budget empowers informed decision-making, minimizing financial risks and driving overall supply chain success. 6. Carrying Safety Stock Inventory Operations in the supply chain require safety stock inventory – a strategically maintained surplus of inventory to protect against market demand and lead time fluctuations. By implementing safety stock, businesses can avoid revenue loss, customer attrition, and declining market share that may arise in its absence. Safety stock is vital with the advantages it offers: Protection against sudden surges in demand. Prevention of stockouts, ensuring uninterrupted customer service. Compensation for inaccuracies in market forecasts. A buffer for longer-than-expected lead times, averting production delays. Incorporating safety stock as a fundamental inventory management best practice empowers companies to achieve operational supply chain resilience, optimize customer satisfaction, and maintain a competitive edge in the dynamic market landscape. 7. Optimize Inventory Turnover Rates Optimizing inventory turnover rates is a critical metric that frequently measures inventory sold or used within a specific timeframe, typically a year. Calculating turnover rates provides valuable insights into market demand, identifies obsolete stock, and guides inventory management decisions. Inventory turnover can be improved through various strategies, such as experimenting with pricing to attract more customers and boost sales, liquidating obsolete stock to free up capital and storage space, forecasting customer demand accurately to maintain optimal inventory levels, and redistributing inventory among warehouses for better stock availability. By optimizing inventory turnover rates, businesses can reduce carrying costs, minimize stock obsolescence, and enhance overall supply chain efficiency, as well as gaining competitive advantage in the market. “It’s been my observation that the business world has a weak understanding of inventory management and control. They are trained shallowly, and sometimes they apply only shallow experience to their practices. Sometimes, that works out great. In my 30 years of experience, however, I have seen that a lot of money can be saved by training and managing inventory control in-depth.” -Inventory Control Expert Dr. Pyke Final Thoughts Adopting advanced inventory management best practices is crucial for supply chain optimization in the competitive B2B environment. Standardized inventory review systems and streamlined stocktakes optimize control and accuracy, minimizing disruptions. Cloud-based inventory management offers scalability and continuous support, facilitating data-driven decisions. Adequate quality control ensures inventory quality, driving customer loyalty. Well-planned budgets lead to financial clarity and precise resource allocation. Safety stock inventory and optimized turnover rates fortify businesses against uncertainties, boosting efficiency and profitability. By embracing these practices, logistics professionals can enhance supply chain potential, achieve lasting success, and gain a competitive advantage in the market. With a data-focused approach, these strategies pave the way for streamlined operations, stronger customer relationships, and sustained growth.

Read More
Management

Supply Chain Peak Season Technology: Are Your Systems Updated & Ready?

Article | June 21, 2023

Supply chain peak season technology aids supply chain leaders in understanding their operations, unlocking insights, reviewing performance, and much more. In conjunction with the rise of e-commerce and ongoing demand for more products, faster service, and better supply chain performance, the entire year begins to take on the characteristics of supply chain peak season which traditionally has occurred during the time period after Labor Day through returns season in January.

Read More
Supply Chain

Reducing Risk in Your Global Supply Chain

Article | May 26, 2023

The complex, hyper-connected nature of global supply chains makes them extremely vulnerable to a range of risk factors. In 2019, corporations experienced new levels of volatility in commodity and energy pricing, interest and exchange rates, and general international trading conditions. In 2020, things are likely to remain rocky. Research shows that many businesses, despite being forewarned about these risks, are still tending to be reactive rather than proactive in their approach.

Read More
Supply Chain

4 Ways of Using Advanced Analytics in Supply Chain Management

Article | November 11, 2022

The complexity of today’s supply chain has resulted in a highly fragmented supply chain ecosystem. Whether it is a global pandemic or an ongoing war, streamlining the moving parts in the supply chain management system is an immense feat in the current climate. The resulting shortage of materials, disruption of transportation, and delays have complicated the supply chain even further. Add to it the expectation to minimize expenses, optimize inventory, and enable quality and customer expectations, and stakeholders at every level of the supply chain are inundated with challenges. This is where using advanced analytics in supply chain can be a game changer for many manufacturers. It can help them gain a deeper insight into their operations and how the supply chain is moving. How Supply Chain Analytics Enriches Supply Chain Management A 360-degree view of the supply chain is crucial for supply chain leaders. A lack of insight can cause costly delays and avoidable disruptions. Obtaining complete visibility in supply chain management, on the other hand, can be difficult. The immense volume of data that many organizations have to deal with makes it difficult to gain proper insight. Supply chain analytics tools help in gaining a better sense of the aggregated data from different parts of the supply chain, such as procurement, ERP in supply chain management, warehousing management, shipping and logistics management, and many more. The more accurate the data is, the simpler it is to use advanced supply chain management analytics to forecast, predict, and plan better in order to maximize the supply chain’s capabilities. Optimizing the Supply Chain: 3 Ways to Do so with Analytics With the range of analytics applications in supply chain in use today, manufacturers have the opportunity to completely transform how to view, manage and strategize. Here are five data analytics supply chain tools to consider in the pursuit of optimization. Demand Forecasting Inventory management is at the heart of supply chain optimization. Not calibrating the inventory stock based on demand and supply for bestselling products and those that don’t move fast can cause either an overstocking or understocking problem. Either way, forecasting the right balance is difficult to achieve, but data analytics can make it simpler. The lack of the right products in stock can heavily impact the bottom line. According to a survey by Logility, 36% of supply chain experts consider inventory optimization the primary reason for adopting analytics. An integrated mapping of retail sales, inventory levels, and the flow of goods will lead to accurate demand forecasting. This data can empower organizations to: Strategize sales promotions Define product pricing Maximize budgets Predict accurate inventory levels Inventory management has a cascading effect on the supply chain, and advanced demand forecasting has helped many organizations achieve an optimum level of inventory for the right products. Predictive Warehousing Maintenance Machine Learning (ML), artificial intelligence (AI), and the Internet of Things (IoT) have been emerging technologies on the supply chain management landscape. By using a mix of these technologies, it is possible for manufacturers to deploy predictive maintenance in warehousing. Predictive maintenance is the process of assessing data generated from the past and in real-time to determine patterns and identify equipment failure and maintenance schedule before a breakdown occurs. This helps manufacturers to: Avoid heavy repair costs Plan spare part supply Slash downtime from equipment failure Eliminate production delays In addition to reducing production bottlenecks, predictive maintenance gives businesses the ability to manage their equipment and optimize their shelf-life. Warehousing Efficiency At the warehouse phase of the supply chain, analytics can help manage the supply chain in more than just one way. The warehouse workflow is just as crucial, as it facilitates a clear view of the condition of goods as well as the optimization of the warehouse space. In addition to warehouse space maximization, quality control is another challenge that warehousing management addresses. Supply chain analytics can enhance warehousing efficiency by: Ensuring the correct storage of goods based on their weight, fragility, and perishability Aligning with resource management like equipment, vehicles Identifying disruptions to storage before they occur One of the advantages of supply chain analytics is getting a deep insight into the warehouse’s operation so manufacturers can identify gaps and take steps to make it more efficient. Transportation Tracking Real-time analytics of transportation and logistics is a crucial piece in the puzzle of supply chain management. For example, the data generated in relation to fuel consumption, weather conditions, and even traffic patterns can help organizations boost their logistics and carrier management. It can help them to: Schedule deliveries Determine better routes Evaluate current routes Strategize their shipping schedule To Wrap it Up To put it simply, a deep insight into the supply chain, inventory management, and warehouse operations is a great way to ensure the supply chain is on track. Effective supply chain management software is an asset for an organization when it is able to leverage the insights and make well-informed strategies to further optimize the supply chain.

Read More

Spotlight

Poly Trucking

Poly Trucking is headquartered in Grand Prairie, TX. We are a long and short-haul domestic carrier. Our fleet is comprised of late model, company-owned trucks. With Poly Trucking, you avoid the delays, logistical problems and additional expenses that often accompany third-party service. We'll deliver your freight safely, efficiently, and on-time.

Related News

Freight

Nexxiot to Acquire Majority Interest in Swedish Technology Firm MOST

Nexxiot | September 27, 2021

Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction. Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies. Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers, affording them unprecedented insights and information about their cargo that will certainly lead to positive outcomes in business planning, decision making and cost savings on a large scale. While we are excited about the immediate impacts of this partnership, we are equally thrilled at the long term implications this deal will have for Nexxiot as one of the world’s dominant players in TradeTech and developers of the supply chain solutions for tomorrow.” Sam Giertz, co-principal of Resona and Chairman of the Board of MOST, said: "One of our core philosophies is to identify business models with the potential to transform industries and disrupt markets through the innovative application of data and technology. We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors. Through our investments, we are advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future.” Matilda Bouchet, MOST CEO said: “We could not be more delighted at this outcome and are confident that the strong set of people skills and financing will take MOST to the next level in bringing data-driven insights to our customers.” Danish IoT market leader GlobeTracker will divest its shares of MOST in the transaction. GlobeTracker CEO Olavur Ellefsen stated: “GlobeTracker is dedicated to making the supply chain significantly smarter through advanced data and technologies, which is why we were a proponent behind MOST’s forward looking data solutions. We are gratified that our early investment helped MOST achieve leading status in the industry and will continue to work with companies like MOST and Nexxiot to advance TradeTech throughout the supply chain.” The alliance will combine Nexxiot’s onboard solar powered cargo sensors and gateways, which track cargo movements and efficiencies through the company’s dedicated logistics cloud, together with MOST’s sensors that monitor the humidity, temperature, light and security of cargo inside of freight containers. Nexxiot will now be able to offer customers complete transparency and accountability as to the status and performance of their cargo shipments across the globe. TradeTech supply chain advancements have taken on increasing importance as ports have become congested worldwide, delaying delivery of critical cargo and costing shippers and consumers billions of dollars through increased costs and prices. Kalmund added: “Our enhanced capabilities distinguish Nexxiot’s solutions from anything else on the market because they transmit instant, real-times alerts about cargo status from inside a container as opposed to logging systems that can only send data once a container arrives at its destination. Beyond the benefits to our customers, these advancements will have far reaching implications pertaining to ‘Know-Your-Cargo’ standards, enhanced safety measures through fire and accident prevention and helping shippers combat illicit trafficking.” GlobeTracker GlobeTracker is a privately held Danish company revolutionizing global supply chain visibility. GlobeTracker specializes in cold supply chain tracking, monitoring and cutting-edge sensor technology providing true end-to-end supply chain visibility and management. Globe Tracker has offices in the Faroe Islands, Netherlands, Germany, USA, Singapore, Iceland, and Canada. Resona Resona is a Swedish family office focused on investment in technology and real estate. With a deep passion for early-stage investment in technology which promise to improves our world tomorrow, we are also deeply committed to true entrepreneurship. Our investments into real-estate is equally passion driven, with a better tomorrow through innovation and pioneering green technology square in our focus. Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

Read More

Freight

Polish Freight Railcar Operator Eurowagon Goes Digital With Nexxiot

Nexxiot | August 13, 2021

Eurowagon, the operator of Poland’s largest pool of independent rental freight railcars, has selected Swiss IoT pioneer Nexxiot to digitize the company’s cargo fleet. Through the full deployment of Nexxiot’s industry leading, proprietary hardware sensors and cloud-based software solutions, Eurowagon will achieve for its cargo fleet and customers an unparalleled standard of safety and transparency. Founded in 2018, fast-growing Eurowagon has quickly become the leading private operator of freight railcars in Poland by maintaining an agile approach that enables rapid expansion as well as the integration of the latest technology advances in the industry. This digitization partnership with Nexxiot will ensure next level accountability to its clientele, which include some of Europe’s leading shippers. “Transparency and security improvements through digitization are trending topics around the world but are often met with institutional impediments. Eurowagon’s youthful agility enables our company to adopt the latest technological innovations to stay competitive,” explained Marek Gołębiewski, Eurowagon’s Technical Director. “We are free from legacy issues because we are able to take a ‘greenfield’ approach and ensure digital readiness from day one. This partnership will enable us to respond to the needs of our customers in real time, remaining at the forefront of industry trends. By 2026, we will increase our fleet to 4,500 wagons, becoming the largest professional rolling stock company for the rental of rail freight wagons in Central and Eastern Europe. To achieve this, we continue to integrate the latest technologies and ideas into the company now to offer our clients the best possible service.” Nexxiot’s gateway devices, called Globehoppers, will be used to equip Eurowagon’s non-powered freight wagons and deliver data in real time. This data allows decisionmakers to gain full visibility and transparency into their daily operations. This cutting-edge technology ensures that rail processes are as secure and efficient as possible. Regarding fleet safety, Eurowagon expects digitization to add significant value. Mr. Gołębiewski continued, saying “Nexxiot’s solutions help us supervise the planning of periodic repairs and prevent potentially dangerous situations through continuous fleet monitoring. In the rare cases where unplanned incidents occur, real-time notifications via the Nexxiot intelligent cloud are a great advantage as we are able to quickly pinpoint exactly where and when the event occurred, which wagons were affected and how severely due to in-depth shock analytics. The data insights will also help us speed up the regulatory processes required to investigate any potential event. We are pleased with Nexxiot's openness to derive significant experience and adapt the product to our individual needs." Nexxiot CEO Stefan Kalmund sees a special correlation between transparency and security, remarking, “Security has a lot to do with trust. Nowadays, digital solutions that create transparency in operations allow companies to provide their clients with all the relevant insights and proof of ‘duty of care.’ Together with the team at Eurowagon, we are able to explore the specific needs of the Polish market and collaborate in finding the perfect customized solution for the company. In the process of working together, we found that Nexxiot and Eurowagon are a natural fit, because progressive thinking around data-driven innovation is a priority in both companies." About Eurowagon Eurowagon is a new alternative for customers on the European rail car leasing market. The company was established in 2018 and is a portfolio company of CEE Equity Partners Ltd. Eurowagon presently owns and manages roughly 1,500 freight railcars, and expects to expand to approximately 4,500 wagons by 2026. Eurowagon enterprises include rental of railcars to freight and industrial clients, railcar management and maintenance. The headquarters of the company is in Poland and, since 2020, Eurowagon has also maintained operations in Switzerland, France and Austria. About Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

Read More

Freight

Nexxiot and TRIG Form New Rail Cargo Digital Transformation Partnership

Nexxiot | July 15, 2021

Nexxiot, a global leader in supply chain data analytics, is collaborating with rail sensor technology developer TransRail Innovation Group (TRIG) to provide cutting-edge solutions for rail freight operators, the companies said today. The collaboration will integrate TRIG's patented rail freight sensors into Nexxiot's industry-leading modular hardware and cloud data network, with deployment to North American rail operators set to begin this month. TRIG develops transloading systems that use digital sensors to analyze liquid levels in real-time, monitor whether railcar handbrakes are on or off, and determine the open/closed state of doors, hatches, and manways. The data is sent wirelessly to the Nexxiot Cloud, where it is cleaned and analyzed by sophisticated algorithms to provide commercial value for operators and cargo owners. As a result, the Nexxiot Intelligent IoT Cloud Platform provides many advantages to various stakeholder groups. It is feasible to streamline operations and offer a whole new set of services for various participants and facilitators who need them using the location, timestamp, asset, and cargo status. Rail is three to seven times more sustainable than the road as a mode, but lack of transparency has often left it behind. Rail becomes a better choice now that it has enhanced safety capabilities due to having real-time visibility into asset conditions, and sustainability advantages can be achieved. TRIG has received substantial support from Sustainable Development Technology Canada to date, and Nexxiot was recently granted an IoT Climate Award for its contribution to allowing sustainable transport and de-risking rail for freight. More cargo can be moved with the same number of assets with sensors and IoT gateways providing critical data and the appropriate software processing capabilities. Improved safety standards result in fewer incidents for workers and the general public. In addition, new creative business models can be provided to various supply chain ecosystem players, allowing innovative operators to disrupt traditional operating models and gain an unbeatable advantage over competitors. About Nexxiot Nexxiot AG is a leader in tomorrow's digital logistics. Nexxiot, an industry leader in cargo transportation digitalization, enables global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find, and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security, and efficiency. Nexxiot, headquartered in Zurich, employs people from 21 different nations and operates across Europe and the United States. Nexxiot's secure, industry-leading Cloud contains data from over 2.5 billion miles driven. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a 5% reduction in global CO2 emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. About TransRail Innovation Group (TRIG) TRIG develops and manufactures advanced radar sensor and communications platform solutions for rail transloading and shipping. The company is dedicated to resolving health, safety, environmental, and economic problems impacting the hazardous liquids rail transportation sector in North America. TRIG is North America's only electronics company approved by the Association of American Railroads (AAR) to design and implement digital technology that penetrates rail tank car closures. These solutions are presently available in North America and have been shown to help the rail transportation sector reduce environmental effects while lowering overall railway emissions. The technique ultimately reduces the number of rail tank cars in operation, reducing emissions from tank car transport.

Read More

Freight

Nexxiot to Acquire Majority Interest in Swedish Technology Firm MOST

Nexxiot | September 27, 2021

Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction. Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies. Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers, affording them unprecedented insights and information about their cargo that will certainly lead to positive outcomes in business planning, decision making and cost savings on a large scale. While we are excited about the immediate impacts of this partnership, we are equally thrilled at the long term implications this deal will have for Nexxiot as one of the world’s dominant players in TradeTech and developers of the supply chain solutions for tomorrow.” Sam Giertz, co-principal of Resona and Chairman of the Board of MOST, said: "One of our core philosophies is to identify business models with the potential to transform industries and disrupt markets through the innovative application of data and technology. We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors. Through our investments, we are advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future.” Matilda Bouchet, MOST CEO said: “We could not be more delighted at this outcome and are confident that the strong set of people skills and financing will take MOST to the next level in bringing data-driven insights to our customers.” Danish IoT market leader GlobeTracker will divest its shares of MOST in the transaction. GlobeTracker CEO Olavur Ellefsen stated: “GlobeTracker is dedicated to making the supply chain significantly smarter through advanced data and technologies, which is why we were a proponent behind MOST’s forward looking data solutions. We are gratified that our early investment helped MOST achieve leading status in the industry and will continue to work with companies like MOST and Nexxiot to advance TradeTech throughout the supply chain.” The alliance will combine Nexxiot’s onboard solar powered cargo sensors and gateways, which track cargo movements and efficiencies through the company’s dedicated logistics cloud, together with MOST’s sensors that monitor the humidity, temperature, light and security of cargo inside of freight containers. Nexxiot will now be able to offer customers complete transparency and accountability as to the status and performance of their cargo shipments across the globe. TradeTech supply chain advancements have taken on increasing importance as ports have become congested worldwide, delaying delivery of critical cargo and costing shippers and consumers billions of dollars through increased costs and prices. Kalmund added: “Our enhanced capabilities distinguish Nexxiot’s solutions from anything else on the market because they transmit instant, real-times alerts about cargo status from inside a container as opposed to logging systems that can only send data once a container arrives at its destination. Beyond the benefits to our customers, these advancements will have far reaching implications pertaining to ‘Know-Your-Cargo’ standards, enhanced safety measures through fire and accident prevention and helping shippers combat illicit trafficking.” GlobeTracker GlobeTracker is a privately held Danish company revolutionizing global supply chain visibility. GlobeTracker specializes in cold supply chain tracking, monitoring and cutting-edge sensor technology providing true end-to-end supply chain visibility and management. Globe Tracker has offices in the Faroe Islands, Netherlands, Germany, USA, Singapore, Iceland, and Canada. Resona Resona is a Swedish family office focused on investment in technology and real estate. With a deep passion for early-stage investment in technology which promise to improves our world tomorrow, we are also deeply committed to true entrepreneurship. Our investments into real-estate is equally passion driven, with a better tomorrow through innovation and pioneering green technology square in our focus. Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

Read More

Freight

Polish Freight Railcar Operator Eurowagon Goes Digital With Nexxiot

Nexxiot | August 13, 2021

Eurowagon, the operator of Poland’s largest pool of independent rental freight railcars, has selected Swiss IoT pioneer Nexxiot to digitize the company’s cargo fleet. Through the full deployment of Nexxiot’s industry leading, proprietary hardware sensors and cloud-based software solutions, Eurowagon will achieve for its cargo fleet and customers an unparalleled standard of safety and transparency. Founded in 2018, fast-growing Eurowagon has quickly become the leading private operator of freight railcars in Poland by maintaining an agile approach that enables rapid expansion as well as the integration of the latest technology advances in the industry. This digitization partnership with Nexxiot will ensure next level accountability to its clientele, which include some of Europe’s leading shippers. “Transparency and security improvements through digitization are trending topics around the world but are often met with institutional impediments. Eurowagon’s youthful agility enables our company to adopt the latest technological innovations to stay competitive,” explained Marek Gołębiewski, Eurowagon’s Technical Director. “We are free from legacy issues because we are able to take a ‘greenfield’ approach and ensure digital readiness from day one. This partnership will enable us to respond to the needs of our customers in real time, remaining at the forefront of industry trends. By 2026, we will increase our fleet to 4,500 wagons, becoming the largest professional rolling stock company for the rental of rail freight wagons in Central and Eastern Europe. To achieve this, we continue to integrate the latest technologies and ideas into the company now to offer our clients the best possible service.” Nexxiot’s gateway devices, called Globehoppers, will be used to equip Eurowagon’s non-powered freight wagons and deliver data in real time. This data allows decisionmakers to gain full visibility and transparency into their daily operations. This cutting-edge technology ensures that rail processes are as secure and efficient as possible. Regarding fleet safety, Eurowagon expects digitization to add significant value. Mr. Gołębiewski continued, saying “Nexxiot’s solutions help us supervise the planning of periodic repairs and prevent potentially dangerous situations through continuous fleet monitoring. In the rare cases where unplanned incidents occur, real-time notifications via the Nexxiot intelligent cloud are a great advantage as we are able to quickly pinpoint exactly where and when the event occurred, which wagons were affected and how severely due to in-depth shock analytics. The data insights will also help us speed up the regulatory processes required to investigate any potential event. We are pleased with Nexxiot's openness to derive significant experience and adapt the product to our individual needs." Nexxiot CEO Stefan Kalmund sees a special correlation between transparency and security, remarking, “Security has a lot to do with trust. Nowadays, digital solutions that create transparency in operations allow companies to provide their clients with all the relevant insights and proof of ‘duty of care.’ Together with the team at Eurowagon, we are able to explore the specific needs of the Polish market and collaborate in finding the perfect customized solution for the company. In the process of working together, we found that Nexxiot and Eurowagon are a natural fit, because progressive thinking around data-driven innovation is a priority in both companies." About Eurowagon Eurowagon is a new alternative for customers on the European rail car leasing market. The company was established in 2018 and is a portfolio company of CEE Equity Partners Ltd. Eurowagon presently owns and manages roughly 1,500 freight railcars, and expects to expand to approximately 4,500 wagons by 2026. Eurowagon enterprises include rental of railcars to freight and industrial clients, railcar management and maintenance. The headquarters of the company is in Poland and, since 2020, Eurowagon has also maintained operations in Switzerland, France and Austria. About Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

Read More

Freight

Nexxiot and TRIG Form New Rail Cargo Digital Transformation Partnership

Nexxiot | July 15, 2021

Nexxiot, a global leader in supply chain data analytics, is collaborating with rail sensor technology developer TransRail Innovation Group (TRIG) to provide cutting-edge solutions for rail freight operators, the companies said today. The collaboration will integrate TRIG's patented rail freight sensors into Nexxiot's industry-leading modular hardware and cloud data network, with deployment to North American rail operators set to begin this month. TRIG develops transloading systems that use digital sensors to analyze liquid levels in real-time, monitor whether railcar handbrakes are on or off, and determine the open/closed state of doors, hatches, and manways. The data is sent wirelessly to the Nexxiot Cloud, where it is cleaned and analyzed by sophisticated algorithms to provide commercial value for operators and cargo owners. As a result, the Nexxiot Intelligent IoT Cloud Platform provides many advantages to various stakeholder groups. It is feasible to streamline operations and offer a whole new set of services for various participants and facilitators who need them using the location, timestamp, asset, and cargo status. Rail is three to seven times more sustainable than the road as a mode, but lack of transparency has often left it behind. Rail becomes a better choice now that it has enhanced safety capabilities due to having real-time visibility into asset conditions, and sustainability advantages can be achieved. TRIG has received substantial support from Sustainable Development Technology Canada to date, and Nexxiot was recently granted an IoT Climate Award for its contribution to allowing sustainable transport and de-risking rail for freight. More cargo can be moved with the same number of assets with sensors and IoT gateways providing critical data and the appropriate software processing capabilities. Improved safety standards result in fewer incidents for workers and the general public. In addition, new creative business models can be provided to various supply chain ecosystem players, allowing innovative operators to disrupt traditional operating models and gain an unbeatable advantage over competitors. About Nexxiot Nexxiot AG is a leader in tomorrow's digital logistics. Nexxiot, an industry leader in cargo transportation digitalization, enables global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find, and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security, and efficiency. Nexxiot, headquartered in Zurich, employs people from 21 different nations and operates across Europe and the United States. Nexxiot's secure, industry-leading Cloud contains data from over 2.5 billion miles driven. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a 5% reduction in global CO2 emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. About TransRail Innovation Group (TRIG) TRIG develops and manufactures advanced radar sensor and communications platform solutions for rail transloading and shipping. The company is dedicated to resolving health, safety, environmental, and economic problems impacting the hazardous liquids rail transportation sector in North America. TRIG is North America's only electronics company approved by the Association of American Railroads (AAR) to design and implement digital technology that penetrates rail tank car closures. These solutions are presently available in North America and have been shown to help the rail transportation sector reduce environmental effects while lowering overall railway emissions. The technique ultimately reduces the number of rail tank cars in operation, reducing emissions from tank car transport.

Read More

Events