In today’s fast-changing world, we’re helping companies
and industries evolve and grow with our insights and industry
expertise in the world of ocean freight.
GreenX is Evergreen Line’s digital push to provide integrated logistics that are powered through a partnership with BlueX. By providing a digital marketplace to Evergreen Line through GreenX, our focus is to provide shippers the ability to easily digitally search for quotes and routes and book within minutes directly with Evergreen Line. But what does […]
Cost-saving strategies are never far off anyone’s mind in the freight industry these days. From shippers to factories, margins are getting harder to maintain. Operational waste in shipping is sometimes just a reality of doing business, but there are effective strategies to reduce the misallocation of time and money to maximize your profits better. Here […]
Are you still trying to figure out what the difference between BAF and CAF surcharges is? We’re here to help. Bunker Adjustment Factor (BAF) and Currency Adjustment Factor (CAF) surcharges both affect ocean freight rates, but for two entirely different reasons. What is the Difference Between CAF and BAF? CAF deals with rate adjustments due […]
The Currency Adjustment Factor is a surcharge that carriers charge NVOCCs, freight forwarders or shippers as a way to offset any current or potential changes to currency fluctuations that may change freight rates. In short, they are a way for carriers to hedge their risks against exchange rates. Just like BAF, these surcharges could have […]
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 […]
