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/. Digitalization processes change traditional logistics businesses, leading to more efficient, flexible, and de-centrally organized logistics services. By leveraging legal possibilities, for example, 4PLs can reduce the tax burden on companies. The services of brokers are, however, correspondingly expensive. 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. ... FreightHub. A transportation logistics platform company, Fr8Hub focuses on truckload freight for US-Mexico cross-border, domestic Mexico and domestic US. Lean production: Mistakes and limitations of accounting systems inside the SME sector. 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. contributed mainly to theory building, as well as to the writing of the article. The interview offers an inside perspective on how FreightHub’s digital platform works and how it sets them apart from other forwarders. - Commission per shipment 400 rubles! ... FreightHub, LoadFox and Cargonexx create lots of media buzz. ... Digital East Fund Pan-EU Health-Tech Fund Earlybird partners 2 Tech / Business Model SaaS Data & Analytics (ML/AI, IoT) Digital Value Chain Transf. Digitalization has a major impact on maritime freight transport. Tap a Button, Book a Load. The authors designed the study jointly. October 15, 2020 | FreightHub. Digital freight forwarder FreightHub expands its business model to the Netherlands and Belgium. Bressanelli, G.; Adrodegari, F.; Perona, M.; Saccani, N. Exploring how usage-focused business models enable circular economy through digital technologies. Agile dispatch scheduling further enables intelligent re-routing. those of the individual authors and contributors and not of the publisher and the editor(s). However, outsourcing sea freight logistics to a 4PL provider also entails certain risks, which might be higher than those related to 3PLs. Founded in 2001, last year the business was named the UK Independent Dealer of the Year 2020. How smart, connected products are transforming companies. ; Linden, G. Business models, value capture, and the digital enterprise. Therefore, it is essential to understand how automating informational processes, such as freight brokering, affect business models in the logistics service industry. In. 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. Since 2012, we have been experience delivering Enterprise cloud software for the ... Freight Consignments. 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. - Commission per return 290 rubles! Available online: Tüllmann, C.; Prasse, C.; Sagner, D.; Piastowski, H. Prozesse durch Digitalisierung nachhaltig optimieren. Nationwide 3PL Transportation. We think there is a business model in between. Multiple requests from the same IP address are counted as one view. ; Kemp, R.G.M. Value Creation: What is offered to the customer? 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 … WHSEHub. 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. 6 ... business complexity is low, with rather simple point-to-point moves that usually one transport provider can carry out from end to end. Gruchmann, T.; Seuring, S. Explaining logistics social responsibility from a dynamic capabilities perspective. 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. - Small Business – 5 rubles/ shipment, but not less than 2,000 rubles/month! https://doi.org/10.3390/logistics4020010, Subscribe to receive issue release notifications and newsletters from MDPI journals, You can make submissions to other journals. Steven Cairns Managing Director for MV Commercial: “This deal is testament to the excellent working relationship we have with the team at Hiab. Singh, R.K.; Gunasekaran, A.; Kumar, P. Third party logistics (3PL) selection for cold chain management: A fuzzy AHP and fuzzy TOPSIS approach. Startups such as Freightos and Flexport developed digital business models that streamline the customer experience and provide greater visibility into the supply chain. Value Capture: How is the value delivered to the customer, transformed into revenues and profits for the firm? "4PL Digital Business Models in Sea Freight Logistics: The Case of FreightHub" Logistics 4, no. A classification of logistic outsourcing levels and their impact on service performance: Evidence from the food processing industry. 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). FreightHub offers rail, sea and air freight services but exclusively on a digital platform. What are the fundamental differences between FreightHub’s business model and a traditional 3PL business model? Ph.D. Thesis, GRIN Verlag, Munich, Germany, 2014. Logistics 2020, 4, 10. Kovács, G.; Spens, K. Abductive reasoning in logistics research. https://doi.org/10.3390/logistics4020010, Gruchmann T, Pratt N, Eiten J, Melkonyan A. Find support for a specific problem in the support section of our website. Transp. - Commission on first-mile pick- up 300 rubles! The Company offers digital container tracking, shipping, and sea freight forwarding services. However, while logistics services in sea freight are only a small part of an intermodal transport chain, there is a growing trend toward consumer-oriented, door-to-door transport being managed from a central source. 06/11/2019 We're out and about today to see how our awesome customers are making the most of Freighthub. Finally, many … FreightHub. Applying a digital business model conceptualization, the present paper presents an extended framework for digital sea freight business models. Another limitation found in qualitative research, is the limited number of cases, which prevents the findings from being generalized. 3PL Warehousing & Storage. 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. Available online: Schramm, H.J. The statements, opinions and data contained in the journals are solely Data-Proven Model. ; Goldsby, T.J.; Rogers, Z.S. How entrepreneurial SMEs compete through digital platforms: The roles of digital platform capability, network capability and ambidexterity. Part E: Logist. 2: 10. 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 … Understanding the 3PL cycle, Freight Hub recognizes the detail-oriented sub-services of 3PL warehouse and public storage. For years, the freight forwarding industry has been facing high levels of global competition. Over time, the contracting company may lose its logistics competence. Whitepaper. 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. The statements, opinions and data contained in the journal, © 1996-2021 MDPI (Basel, Switzerland) unless otherwise stated. Team DGD. Indirect 3PLs business model will lose its value because the data will be available elsewhere, #TradeLens by #Maersk & #IBM is proving it. 4PL outsourcing requires a high degree of trust, as the service provider has access to confidential information. FreightHub GmbH provides freight forwarding services. In, Pflaum, A.; Klötzer, C. Von der Pipeline zur Plattform–Strategische Implikationen für das Unternehmen. Digitalization processes change traditional logistics businesses, leading to more efficient, flexible, and de-centrally organized logistics services. Uber Freight. Help us bring your Freight Business to the new Cloud Age... FreightHub has been creating … 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. J.E. WHSEHub. We talked with FreightHub co-founder Michael Wax about what his company is doing to establish itself as an active … In contrast, 4PL service providers, like FreightHub, operate more neutrally, and try to further reduce interfaces in the supply chain. Why FreightHub - You can look forward to. 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. We use cookies on our website to ensure you get the best experience. Less Than Truckload Deliveries. Krakovics, F.; Leal, J.E. Logistics. FreightHub Online is a modern Software as a Service (SAAS) solution, built and developed in consolutation with leading transport industry experts. One, a world-leading lighting manufacturer, has been working with … 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. Gruchmann, T.; Pratt, N.; Eiten, J.; Melkonyan, A. Full Scope 3PL Asset-Based Provider. These checklists are special because they are not only digitized, but also fully automated. The data is sorted according to urgency, and the system sends a notification if action is required. The authors declare no conflict of interest. This is ensured by having a single point of contact, who accompanies the customer through the entire shipping process [, Increased transparency also reduces complexity. FreightHub digitalizes customer acquisition with a sales process that uses online channels and screen sharing, rather than door-to-door sales. Charterers, who are unfamiliar with the shipping market, often use so-called shipping brokers, who know the market well and, therefore, can find a suitable ship with appropriate cargo space or container sites for the charterer. 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. Independently reviewed and assessed, our core business model has been validated. ... How does our business model need to … Cross-connected and sync’d with our databases, all our operations are stored for further analysis. Nonetheless, minimizing the costs of managing operational processes, such as sea freight brokering, is their main aim. They also have the necessary expertise to advise on certification processes.
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