Skip to main content

Freight Management System Market Estimated to Rise Profitably during the Foreseeable Future

Freight management system is a software solution that is implemented in transport businesses to optimize the efficiency of commercial freight operations. Such software systems automate processes and help in improving company’s communication and productivity. The solution also reduces the load of data entry and helps in eliminating errors. The various features of a freight management include freight tracking system, vehicle maintenance and repairs, pallet tracking, Proof of Delivery (POD) scanning, drivers and subcontractors rating and payments, customer Electronic Data Interchange (EDI) interfacing, consignment entry, consistent auto consignment pricing and comprehensive operational reporting.
 
The freight management system market can be segmented on the basis of solutions, technology, services, transport mode and geography. On the basis of solutions, the market can be segmented into logistics management system, baggage and cargo screening system, freight information system, freight operational management system and security monitoring system. On the basis of technology the market can be segmented into surveillance systems, X-rays, detectors and radiations. On the basis of services, the market can be segmented into support and maintenance services, professional services and system integration. On the basis of transport mode, the market can be segmented into seaways, roadways, railways and airways.
 
With the emergence of advanced modules in freight management systems, many transport companies are looking to implement freight management systems to improve their delivery capabilities. Also, there is rapid increase in the demand of on-time delivery of products and raw materials that encourages the fleet owners to implement an efficient freight management system which allows planning for the current inventory. Implementation of freight management systems also ensures warehouse efficiencies by decreasing time spent working on freight management and investing the same amount of time on warehouse duties. Therefore, there is stiff competition among the vendors to come up with innovative products that can cater to the growing demand. Another factor that is contributing to the growth of this market is rise in global trade. International trade bodies like WTO (World Trade Organization) are encouraging open door policy to promote international trade without any tax barriers. Many business establishments are taking the advantage of the trade incentives and relaxation in regulations to expand their businesses beyond national boundaries. This triggers the demand for freight management system that can update and track freight movements globally and ensure the safe and on-time delivery, thereby contributing to the growth of this market.
However, trade barriers by countries to safeguard domestic businesses, has restricted the Freight Management System Market growth. For example, open door policy is not accepted by many countries and such countries impose heavy taxes on foreign goods to protect their local manufacturers. Therefore, to comply with the taxes, the manufacturers of foreign goods and the vendors of freight management systems increase the prices of their products making them unaffordable in the process. In addition, poor transport infrastructure in developing countries like India and China leads to traffic congestion and accidents which are unpredictable in nature. These unpredictable events affect the operational efficiency of freight management system. The other unpredictable events include cargo thefts and climatic conditions like rain and snow. These are the major factors that are adversely affecting the growth ofFreight Management System Market.
 
CEVA logistics is one of the leading players in this line of business and has been awarded Silver Supplier Excellence Award by the Association of Aerospace Industries, Singapore (AAIS) in the year 2014, for their excellence in the field of freight management system. Some of the other major players in Freight Management System Market are Agility Public Warehousing Company KSC, United Parcel Service of North America, Inc. and JDA Software Group, Inc. among others.

Comments

Post a Comment

Popular posts from this blog

Mobile Printing Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Mobile printing let end-users print documents when they are in traditional network of away from it The mobile printing enables end-users to print from their devices to any mobile printing application enabled printer located in the office, public print location or at home. Mobile printing is wireless and provides high degree of efficiency to its end-users. It uses 802.11 networking or Bluetooth to communicate and can be used on both local area network (LAN) and wide area network (WAN). Thermal based technology is being used in mobile printing to provide high quality output. There are two types of thermal printing methods which are uses in mobile printing namely direct thermal and thermal transfer. With the help of mobile printing technology the security of the device and system will be enhanced, as an individual is able to set password to prevent unauthorized access, in case of remote printing over internet.. Furthermore, mobile printing reduces need for individual printers on every d
Post a Comment
Read more

Growing Industrialization will Influence the Oil Condition Monitoring Market Growth

Major players in the global oil condition monitoring market are Bureau Veritas, Intertek, Parker Hannifin Corporation, Castrol Limited, Spectro Analytical Instruments, General Electric Company, and Insight Services Unveils TestOil Oil is an important resource used in various machineries and engines in order to provide lubrication and for temperature regulation. After prolonged usage, oil starts to lose out on its properties and becomes less functional. Using such oil can damage the engine or machinery in which it is being used. Hence, it is necessary to keep a check on the condition of oil and replace or upgrade it after its optimum usage. Oil condition monitoring means keeping a timely check on the quality of oil that is being deployed in the system and taking the necessary steps so that the oil serves its purpose to the fullest. The monitoring also helps in increasing the efficiency of the machine, reduces downtime, and reduces cost, thereby increasing profits. Request A Sampl
Post a Comment
Read more

Communications Electronics Cooling Systems Market Growth to be Stimulated by Brisk Technological Expansions

The Electronic cooling systems have wide range of applications in many industrial domains for their nature of keeping the electronic device cool and maintain the temperatures optimally required by the device. There are various cooling techniques that includes heat sinks, thermoelectric coolers, forced air systems, fans, and heat pipes. However in case of low environmental temperatures, the devices may require to heat it to maintain the temperature required by the device to achieve satisfactory operation. Also the electronic circuits generate lots of heat and thus maintaining the temperature increases the reliability and shelf life of the device. These electronic cooling systems have wide applications in personal computers, soldering, batteries, and other electronic component and devices. There are software that are designed for thermal simulation of electronic devices. There are various methods through which heat is being sink in the devices that includes cold plates, fans, high condu
Post a Comment
Read more