Shipping is a vital sector to the global economy with over 90% of world trade carried by air, truck, air and sea shipments. Globalization places intense demands on the transportation and supply chain sector.
The application of information technology has revolutionized the freight and logistics industry with the ability to track inventory levels and shipments on a global basis via the internet. As a result, supply chain technology has been one of the fastest-growing segments in the information field.
One of the biggest challenges facing the global transportation sector is a focus on lowering carbon emissions and enhancing energy efficiency. New developments in transportation include the use of natural gas and electricity to fuel transportation and the development of energy-efficient light rail.
The rapid adoption of outsourcing has led many companies to turn to logistics services providers for their shipping support, warehousing, scheduling and distribution services. There is growing interest of governments in outsourcing their transportation infrastructure to private operators and private ownership.
The Freight & Logistics data models support the identification and tracking of shipments at multiple locations, routing, packaging, consolidation, documentation, warehousing/storage, intermodel transit, fees and charges, third-party responsibilities, carrier assignments and security.
This comprehensive single-view of transit information enables consignee, shipper, intermediate handlers and consignor to determine the current location and status of a shipment at any point within the transit process.
|Commodity Type||Shipment Consolidation|
|Insurance & Claims||Transaction|
|Intermodel Transit||Third-Party Support|
|Packaging & Containerization||Transit Location Tracking|
|Routing||Warehousing & Storage|