Freight payment is a function that is often overlooked by domestic and global shippers, largely because it’s seen as a routine finance process, and ..
not one with more intrinsic value and challenges. A smooth payment and audit process also can help a shipper be a better customer for its carriers and third-party logistics providers. In recent years, technology and business models around the freight payment and audit process have become more refined, but it’s still a highly fragmented section of the industry, with little regulation. This webcast will explore how technology providers in the domestic and international freight management markets are helping shippers manage this process more effectively and profitably. Breakbulk and project cargo shippers, carriers, and logistics providers adapted to the disruptions caused by COVID-19 relatively quickly, but a weak market and looming longer-term effects on capital project investments, in the oil and gas sector particularly, have the sector extremely edgy. On the other hand, some $37 trillion in global stimulus spending is expected to drive investment in power generation, infrastructure, and energy projects, and low bunker prices have provided unexpected relief for carriers and shippers who were bracing for sky-high post-IMO 2020 fuel costs. What can the project logistics industry anticipate in capital investment over the next few years in upstream and downstream oil and gas, mining and metals, energy, and other industries?