The deal with the German logistics and transport giant comes at a crucial time for GF-X. Although it is attracting big business, the restructuring of its operation has caused widespread redundancies. This further highlights that firms in the logistics industry must concentrate on making their business more efficient.
GF-X has announced that Schenker is to participate in the cargo eMarketplace.
Global Freight Exchange (GF-X) has reported that Schenker, a leading German based logistics and freight company, is to participate in its eMarketplace system, after experiencing its benefits in New York, Hong Kong and London.
GF-X is a trading platform from which airfreight carriers and forwarders can view carrier capacity and schedules. Companies can then use this information to help maximize efficiency and transparency.
The key air carriers to join the program so far include Lufthansa Cargo, British Airways World Cargo and most recently Air France Cargo. GF-X now hopes to attract US and Asian carriers to the electronic channel, which will provide the company with a truly global representation.
The Schenker win further proves that the Internet bubble has not burst for all eMarketplaces – although admittedly with recent redundancies at the company, GF-X is not finding everything entirely rosy.
The future of global freight forwarding can be shaped by the development of such media – but cargo volumes are still not back to normal. For the time being, companies in the logistics industry must further tighten their belts and concentrate on improving efficiency.