Jayaram, J.; Tan, K.C. Peers, partners, … Porter, M.E. ; Mendes Jr, P.; Santos, R.L. Less Than Truckload Deliveries. All the data from the internal systems, the transport management system (TMS), the sales department, and business partners converge in one place and are automatically processed. Ultimately, any failings of the 4PL service provider will affect the customer. Michael Wax from Freighthub talks about what the ideal forwarder-shipper relationship should look like and how his company actively partners with shippers.. ... look like in practice for a recent market entry that’s still proving the viability of the online freight forwarding model? A transportation logistics platform company, Fr8Hub focuses on truckload freight for US-Mexico cross-border, domestic Mexico and domestic US. This is an open access article distributed under the, Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. Applying a digital business model conceptualization, the present paper presents an extended framework for digital sea freight business models. Customers benefit from proactive communication, particularly in situations where emerging problems can be detected and assessed in advance. also contributed to the writing of this article. Received: 12 March 2020 / Revised: 28 March 2020 / Accepted: 11 April 2020 / Published: 4 May 2020. For years, the freight forwarding industry has been facing high levels of global competition. E-Supply Chain: So Gelingt das Proaktive Management Ihrer Geschäftsprozesse. All authors have read and agreed to the published version of the manuscript. Teece, D.J. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. If the 4PL provider works for several customers, many companies fear that sensitive data could be passed to competitors or that a competitor may be given preferential treatment. Independent reviewed and assessed, our core business model has been validated. Accelerating this development, new and digital competitors are entering the market, striving to make freight logistics even faster, cheaper, and more predictable. Hofmann, E.; Osterwalder, F. Third-party logistics providers in the digital age: Towards a new competitive arena? • TopDelivery 2.0 (CMS):! digital business model; third-party logistics (3PL); fourth-party logistics (4PL); sea freight logistics, Corporate Social Responsibility in der Logistikbranche: Anforderungen an Eine Nachhaltige Unternehmensführung, Geschäftsmodelle in der digitalen Welt. Freighthub: digital forwarder Transporting goods simply, swiftly and safely all over the world by container was the vision that launched Freighthub in 2016. Registering and de-registering ships with the port authorities, handling customs clearance, procuring necessary equipment and provisions, etc. However, despite its valuable insights, this study has some limitations, which may be addressed by future research. With so much latent value to be released, it’s no wonder these digital disruptors have their sights firmly set on the logistics market. About FreightHub, Inc. FreightHub, Inc. (Fr8Hub) makes shipping simple, transparent, and efficient. T.G. 4PL Digital Business Models in Sea Freight Logistics: The Case of FreightHub. Finally, many … Visit our dedicated information section to learn more about MDPI. Applying a digital business model conceptualization, the present paper presents an extended framework for digital sea freight business models. ; Heppelmann, J.E. Less Than Truckload Deliveries. 4PL outsourcing requires a high degree of trust, as the service provider has access to confidential information. Therefore, it is essential to understand how automating informational processes, such as freight brokering, affect business models in the logistics service industry. - Other services! Additionally, using supply-chain-wide resources through digital technologies leverages the potential of comprehensive solutions, which are not achievable when managing sole parts of the maritime transportation chain. For example, if a customer’s warehouse has reached capacity, a FreightHub employee will suggest an inexpensive inland terminal for temporary storage to avoid demurrage and detention [, Digital checklists are used to process all shipments. - Launches new functionalities and process digitization projects- Begins SAP Business One integration NEW YORK, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) announced that FreightHub, Inc.(Fr8Hub), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has signed a … 4PL service providers offer their customers further benefits beyond maritime transportation. The statements, opinions and data contained in the journal, © 1996-2021 MDPI (Basel, Switzerland) unless otherwise stated. Saglietto, L. Towards a classification of fourth party logistics (4PL). ; Goldsby, T.J.; Rogers, Z.S. Köylüoglu, G.; Krumme, K. Kriterienfindung für nachhaltige Geschäftsprozesse in der Logistik—Eine Aufarbeitung bestehender Probleme und möglicher Chancen. Ship a small package through FedEx or UPS, and you can track its whereabouts on your smartphone. The present study qualitatively analyzed the case of FreightHub, a fourth-party logistics (4PL) sea freight agency, and compared its business model with traditional third-party logistics (3PL) business models. Chiarini, A. The major challenges for providers are aligning corporate strategy with the right organizational model and matching that strategy to targeted customer segments—by size, footprint, vertical category and market. Just look at the way players like Flexport 1, FreightHub 2, Convoy 3, Uber Freight 4 and others are disrupting freight forwarding and truck brokerage by offering shippers more user-friendly services through digital platforms. In. Business models, business strategy and innovation. Logistics provides a necessary support for much of the current economic system. Since 3PL service providers rely on their own assets, it is in their interest to primarily use their own resources to capacity. That’s a departure from the traditional model, one that forwarders have maintained adds an interpersonal value to their services. Leading logistics providers excel at understanding key customers’ needs and purchasing behaviors—and they know that understanding is a key ingredient to building a solid … We think there is a business model in between. 3 Earlybird's … Thus, the entire exchange of communication and flow of information between all involved actors is available in one place. Strategien, Prozesse und Praxiserfahrungen. Part E: Logist. What opportunities and risks does the disruptive potential of digitalization have for sea freight services and maritime transportation? Tech startup Flexport’s rockstar status in the international logistics sector means it's under the microscope concerning volume, whether it can produce a profitable business model or achieve a profitable exit for its investors, and what it actually does that represents a fundamental break in the forwarding industry. https://doi.org/10.3390/logistics4020010, Gruchmann T, Pratt N, Eiten J, Melkonyan A. The German start-up company focuses on Eurasian traffic for all modalities and claims to be the first completely digital freight forwarder of Europe. Value Creation: What is offered to the customer? Logistics activities have evolved substantially in recent decades, which has also led to a highly competitive market [. The authors declare no conflict of interest. In Germany, the transportation and storage of goods directly contributes about 7% of the gross domestic product (GDP), and employs about 2.5 million people. Logistics 2020, 4, 10. ; Van der Vorst, J.G.A.J. The AIS is a data exchange system introduced to improve shipping safety and enable the exchange of data, at national and international levels, about passengers, ships entering or leaving ports, and hazardous or environmentally harmful goods being transported by ship. ; Czaja, C.N. Author to whom correspondence should be addressed. Also as our Sustainability Champion she'll also be working on the green side of things, helping our customers reduce their carbon footprint by using Freighthub's business model of back filling empty trucks. Sea freight operations, in particular, have the potential to better fulfill customer-specific requirements in competitive and complex environments by integrating digital technologies. https://doi.org/10.3390/logistics4020010, Subscribe to receive issue release notifications and newsletters from MDPI journals, You can make submissions to other journals. Nationwide 3PL Transportation. Teece, D.J. MV Commercial has one of the UK’s best fleets of ready to go specialist crane units with annual specialist truck supply in the hundreds of units, so it is vital for our … Various documents for port authorities, customs, and shipping company. These services can act as stand-alone products or as part of our broader offering as a supply chain provider. With this in mind, Freight Hub powers WHSE Hub- warehouse storage facilities throughout the United States, utilizing technology as the primary solution to the industry’s current lapses. - Medium Business – 5 rubles/ … ... FreightHub. FreightHub offers rail, sea and air freight services but exclusively on a digital platform. In addition, on November 12, 2020, Hudson Capital received a notice from NASDAQ Regulation informing Hudson Capital that for the last 10 consecutive business days, from October 29 to November 11, 2020, the closing bid price of Hudson Capital’s ordinary shares had been $1.00 or greater per share and accordingly, Hudson Capital had regained compliance with Listing Rule 5550(a)(2) and … Logistics. Porter, M.E. Transp. One that allows people and teams to make a living selling software, while also providing a ton of value to the end customers. Independently reviewed and assessed, our core business model has been validated. - Commission on first-mile pick- up 300 rubles! In the event of unscheduled developments, a previously defined responsible person at management level would be notified, whereby the warning can be linked to a defined sequence of appropriate actions” [, SCAI also provides the option to monitor the supply chain in real time. Melkonyan, A.; Krumme, K.; Gruchmann, T.; Spinler, S.; Schumacher, T.; Bleischwitz, R. Scenario and strategy planning for transformative supply chains within a sustainable economy. Supply chain integration with third-party logistics providers. What Kind of Business Does the Company Do? In contrast, 4PL service providers, like FreightHub, operate more neutrally, and try to further reduce interfaces in the supply chain. of Deals reviewed in 2016: 4.513 . See further details. Pflaum, A.; Gundelfinger, C.; Naumann, V.; Schwemmer, M. Becker, W.; Eierle, B.; Fliaster, A.; Ivens, B.; Leischning, A.; Pflaum, A.; Sucky, E. Gammelgaard, B.; van Hoek, R.; Stefansson, G. Collaborative logistics management and the role of third-party service providers. Accelerating this development, new and digital competitors are entering the market, striving to make freight logistics even faster, cheaper, and more predictable. In maritime freight transportation, finding ideal container spaces on a vessel is a costly business for shippers/charterers. Through advanced IT skills, 4PL business models can facilitate even closer, strategic relationships with their customers, as well as higher degrees of supply chain integration and coordination. Thus, in this section, we firstly review and classify logistics business strategies based on attributes of their operations. Steve Jobs went ballistic when public shipping manifests leaked the existence of the iPhone 3G. What are the fundamental differences between FreightHub’s business model and a traditional 3PL business model? Accordingly, the broker mediates transport supply and demand. SOCs are traditionally used by freight forwarders, beneficial cargo owners (BCOs), and non-vessel operating common carriers (NVOCCs) that usually own or organize a container, while hiring shipping lines … model of logistics service providers (LSPs), which have traditionally occupied this position in the market. Value Capture: How is the value delivered to the customer, transformed into revenues and profits for the firm? On one hand, this leads to more intensified relationships and higher interdependencies [, The value capture dimension describes how a firm transforms the value delivered to customers into revenue streams and maintains financial viability [, However, developing the IT infrastructure is a substantial upfront investment, and updating it over time incurs further costs [, The present study contributes to theory and practice by refining business model research in the maritime transportation context, and providing managerial implications about the opportunities and threats of a digital transition in this industry. Further, we carry out intensive literature analysis on digital business models in general, to apply these elements and the identified impacts of digital technologies on the maritime transportation sector with a specification on a digital FreightHub’s business model. FreightHub Online is a modern Software as a Service (SAAS) solution, built and developed in consolutation with leading transport industry experts. However, outsourcing sea freight logistics to a 4PL provider also entails certain risks, which might be higher than those related to 3PLs. Agile dispatch scheduling further enables intelligent re-routing. This ensures that any information requiring immediate attention appears on the screen. Customers can go through all the necessary steps on the online platform: obtaining offers, booking, purchasing insurance, completing customs clearance and managing documents while tracking their containers worldwide in real time. FreightHub embarked on this endeavor, too, and currently partners with over 1000 carriers to quickly draw up offers for suitable shipping spaces without the high margins charged by ship brokers. Täuscher, K.; Laudien, S.M. Industry Verticals FinTech / InsurTech Logistics & Mobility Enterprise Productivity Investment Focus No. Future Challenges in Logistics and Supply Chain Management, Help us to further improve by taking part in this short 5 minute survey, Multi-Criteria Methods Applied in the Studies of Barriers Identified in the Implementation of Reverse Logistics of E-Waste: A Research Agenda, Preparation of a Smart Port Indicator and Calculation of a Ranking for the Spanish Port System, https://freighthub.com/wp-content/uploads/2020/01/FreightHub_Whitepaper_Intelligentes_Transportmanagement-1.pdf, https://freighthub.com/de/blog/proaktives-management-der-geschaeftsprozesse/, http://creativecommons.org/licenses/by/4.0/. Considering the opportunities digitalization provides for sea freight services and maritime transportation in a 4PL business model, the benefits go beyond purely cutting operational costs. Cross-connected and sync’d with our databases, all our operations are stored for further analysis. When comparing the benefits of outsourcing to a 4PL service provider, such as FreightHub, with the services of a 3PL service provider, the foremost difference is that 3PL providers do not have a complete overview of the supply chain network. Transp. Gruchmann, T.; Schmidt, I.; Lubjuhn, S.; Seuring, S.; Bouman, M. Informing logistics social responsibility from a consumer-choice-centered perspective. Bressanelli, G.; Adrodegari, F.; Perona, M.; Saccani, N. Exploring how usage-focused business models enable circular economy through digital technologies. Business Model. By bundling logistics management through a 4PL provider, cost transparency is regained [. Gruchmann, T.; Melkonyan, A.; Krumme, K. Logistics business transformation for sustainability: Assessing the role of the lead sustainability service provider (6PL). Digitalization has a major impact on maritime freight transport. ... Digital East Fund Pan-EU Health-Tech Fund Earlybird partners 2 Tech / Business Model SaaS Data & Analytics (ML/AI, IoT) Digital Value Chain Transf. those of the individual authors and contributors and not of the publisher and the editor(s). Help us bring your Freight Business to the new Cloud Age... FreightHub has been creating … In, Jaskólski, K. Availability and Integrity Model of Automatic Identification System (AIS) Information. Steven Cairns Managing Director for MV Commercial: “This deal is testament to the excellent working relationship we have with the team at Hiab. - Insurance fee 30 rubles! Digitalization processes change traditional logistics businesses, leading to more efficient, flexible, and de-centrally organized logistics services. ; Linden, G. Business models, value capture, and the digital enterprise. Sea freight operations, in particular, have the potential to better fulfill customer-specific requirements in competitive and complex environments by integrating digital technologies. contributed mainly to theory building, as well as to the writing of the article. Cross-connected and sync’d with our databases, all our operations are stored for further analysis. This not only leads to higher employee satisfaction, but also to greater reliability and a better customer experience [, Higher quality data aggregated in a single source also enables fast and uncomplicated data exchange and leads to agility and proactive situation analysis. Visit our dedicated information section to learn more about MDPI. 06/11/2019 We're out and about today to see how our awesome customers are making the most of Freighthub. Gruchmann, T.; Seuring, S. Explaining logistics social responsibility from a dynamic capabilities perspective. The present study qualitatively analyzed the case of FreightHub, a fourth-party logistics (4PL) sea freight agency, and compared its business model with traditional third-party logistics (3PL) business models. Multiple requests from the same IP address are counted as one view. They raise the bar technologically and challenge traditional LSPs in their core businesses. Logistics service providers constantly review their business strategies in order to provide high quality, modern services to their customers, whose requirements are becoming more demanding in the dynamic world. To compare FreightHub’s 4PL business model with those of 3PLs. FreightHub serves customers in Germany. Since 2012, we have been experience delivering Enterprise cloud software for the ... Freight Consignments. FreightHub, a Berlin and Hamburg-based startup that claims to be Europe’s first fully digital freight forwarder, has raised a $20 million Series A round, just 1.5 years since launch. Instead of multiple contact persons, a central point of contact is responsible for supervising the entire transport process, from booking to delivery, and provides assistance for each step. In such events, it is difficult for customers to react in time. Please note that many of the page functionalities won't work as expected without javascript enabled. Find support for a specific problem in the support section of our website. ... FreightHub. Apart from being useful for marine traffic control, AIS data can be a very important source of information for avoiding collisions [. FreightHub GmbH provides freight forwarding services. We use cookies on our website to ensure you get the best experience. In this line, the study contributes to theory and practice by refining business model research in the maritime transportation context, and providing managerial implications about the opportunities and threats of a digital transition in this industry. Over time, the contracting company may lose its logistics competence. ... FreightHub, LoadFox and Cargonexx create lots of media buzz. Value delivery describes how activities and processes are employed to deliver the value promised to the customer, including resources and capabilities [, As with value creation, digitalization drives collaboration in value delivery through storing and sharing data. These checklists are special because they are not only digitized, but also fully automated. Gruchmann, T.; Pratt, N.; Eiten, J.; Melkonyan, A. The statements, opinions and data contained in the journals are solely Full Scope 3PL Asset-Based Provider. 3PL Warehousing & Storage. CEVA Logistics is further strengthening its position in the Polish Contract Logistics market through two long-term contract extensions with key customers. Though SOC is not as convenient as a COC, it makes up for it by being a flexible business model where trade conditions and corridor specifications have no bearing on its availability and shipping rates. A highly skilled founding team backed by a Series B of 30 Mio USD; An innovative business model in logistics industry; Responsibility and autonomy to take key decisions for the future of FreightHub; A steep learning curve that is supported by training and development sessions; Talented, multifaceted and highly motivated colleagues ; J.E. LTLHub. Latest News; CEVA nets two long-term Polish contract extensions Comments Off on CEVA nets two long-term Polish contract extensions. The foundation of the business consists of services such as International Freight Forwarding (by ocean or air), Contract Logistics (such as Warehousing), and Transportation (such as trucking). It also creates very high-quality data. We use cookies on our website to ensure you get the best experience. Nationwide 3PL Transportation. Understanding the 3PL cycle, Freight Hub recognizes the detail-oriented sub-services of 3PL warehouse and public storage. In this line, the study contributes to theory and practice by refining business model research in the maritime transportation context, and providing managerial implications about the opportunities and threats of a digital transition in this industry. The basis for efficiently organizing the transport process and effectively communicating with the customer is a reliable database founded on real-time information. Available online: Tüllmann, C.; Prasse, C.; Sagner, D.; Piastowski, H. Prozesse durch Digitalisierung nachhaltig optimieren. To this end, there is a joint workspace for each specific operation/order, in which the entire order process, including all the relevant documents and various reports, can be displayed with maximum transparency [, With their SCAI platform, FreightHub has developed an internal system that uses new, digital technologies to meet the demand of networked operations. The authors designed the study jointly. A business model, therefore, can be described by the design of its mechanisms for (1) value creation, (2) value delivery, and (3) value capture [. A.M. developed the initial underlying research design and contributed to the revision of the article. October 15, 2020 | FreightHub. ; Lindgreen, A.; Grant, D.B. [. FreightHub states that the “most important feature, however, is [its] ability to prioritize and assign tasks to the required hierarchical level before they reach a critical stage. the case of FreightHub, a fourth-party logistics (4PL) sea freight agency, and compar ed its business model with traditional third-party logistics (3PL) business models. ; Dittrich, M.; Mentschel, M. Current Advancements of and Future Developments for Fourth Party Logistics in a Digital Future. Hsiao, H.I. Institute of Management and Tourism (IMT), Westcoast University of Applied Sciences, 25746 Heide, Germany, Competence Centre for Sustainable Development, FOM University of Applied Sciences, 45127 Essen, Germany, Centre for Logistics and Traffic, University of Duisburg-Essen, 47057 Duisburg, Germany. We talked with FreightHub co-founder Michael Wax about what his company is doing to establish itself as an active … This prevents data silos, which can lead to duplicate sets of data with different time stamps. Singh, R.K.; Gunasekaran, A.; Kumar, P. Third party logistics (3PL) selection for cold chain management: A fuzzy AHP and fuzzy TOPSIS approach. It has become common practice to use data transmitted by AIS to increase shipping safety. Behind the checklists is an intelligent system consisting of more than 80 algorithms. 04/11/2019 Carrying out shipment via road, rail, or inland waterway, Determining the seaports, terminal operator, and shipping company, Handling at the port or terminal (clearance of the freight carrier, temporary storage of goods), Carrying out sea transport, crewing, maintenance, and ship repair; if applicable, drawing up stowage plans for container ships, ship financing, Sea freight contract, presentation of bill of lading, Brokering charterer and shipping company (or cargo space and charterer). The interview offers an inside perspective on how FreightHub’s digital platform works and how it sets them apart from other forwarders. Team DGD. Data-Proven Model. - Commission per return 290 rubles! those of the individual authors and contributors and not of the publisher and the editor(s). Govindan, K.; Chaudhuri, A. Interrelationships of risks faced by third party logistics service providers: A DEMATEL based approach. Data-Proven Model. Founded in 2001, last year the business was named the UK Independent Dealer of the Year 2020. Please let us know what you think of our products and services. FreightHub provides a central platform, called Single Source of Truth Checklists and AI (SCAI), which serves as an interface covering the complete process: requests for quotations, booking, document management, worldwide real-time tracking of freight, proactive problem solving, and supply chain data analysis. • TopDelivery 1.0 (aggregation)! Digitalization processes change traditional logistics businesses, leading to more efficient, flexible, and de-centrally organized logistics services. The data is sorted according to urgency, and the system sends a notification if action is required. That’s about the only time something exciting happened in the freight forwarding business. Integrators entering the logistics industry: On the other side, integrators like UPS and FedEx are in … Peers, partners, … Grubic, T.; Jennions, I. Based on the dual control principle, the system permanently checks incoming data, detects any need for action, and reports this autonomously. ; Kemp, R.G.M. Please note that many of the page functionalities won't work as expected without javascript enabled. This study informs digital business model conceptualizations by examining the empirical case of FreightHub, a 4PL service provider for maritime transportation, and applying the business model value dimensions of value creation, value delivery, and value capture.
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