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What are BAF (Bunker Adjustment Factor) Surcharges?
BlueX TradeJan 13, 2020
Bunker adjustment factor, bunker surcharges, or simply BAF, are extra charges enacted by carriers on their rates to counteract increases in fuel prices. Oil Prices and Bunker Adjustment Factor Surcharges These surcharges safeguard carriers against one of the most volatile factors in the shipping industry: oil prices. When oil prices increase, carriers need to evaluate […]
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10 Marketing Tips for Freight Forwarder Lead Generation
BlueX PayJan 06, 2020
With the shipping industry digitally transforming, it’s time that you thought about digitalizing your marketing for lead generation. In the past, networks built through personal relationships were enough to sustain freight forwarders, but not anymore. Freight forwarders need to find new ways to reach customers and create new channels of acquisition. With digitalized companies like […]
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Digitalized Carriers Driving 2X Better Shareholder Value
BlueX TradeJan 02, 2020
With an estimated $45 billion of market cap value not being captured by most ocean carriers due to a lack of digital transformation, it makes sense to start your digitalization now. We at BlueX created the market-leading Freight Commerce Platform (FCP) to enable carriers to monetize their container shipments better than any distribution channel in […]
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Why Digital Transformation Matters in the Shipping Industry
BlueX TradeDec 24, 2019
Digital transformation is reinvigorating the shipping industry through new technological applications to streamline operations, customer experiences, and efficiency. In shipping, digital platforms, real-time tracking data, big data, IoT, blockchain, and online 3PL integrations are leading the way to disrupt and redefine this legacy industry. But why is the digitalization of freight only happening now? With […]
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6 Tips on How to Find and Choose a Freight Forwarder
BlueX PayDec 18, 2019
From pain points to the nuances of your shipments, freight forwarders are in the industry of being the middle-men that can either make your business run smoothly or halt it to a standstill. It’s no wonder that choosing a forwarder can feel like a daunting task, and that’s why we’re here to help. What is […]
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