Forming an Alliance with Ocean Shipping
Without ocean cargo, there would be rough seas ahead for the U.S. import-export business. Water is the leading international transportation mode in terms of both weight and value, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. In 2015, ships transported 71 percent of international trade weight and 48 percent of its value.
But the ocean cargo waterfront changed for shippers earlier in 2017 when most major ocean carriers further consolidated from four alliances to three: 2M, Ocean Alliance, and THE Alliance (see sidebar).
While carrier alliances existed already, the new partnerships are more than the slot charter or vessel-sharing agreements of the past. “These alliances are much more proactive about planning what the future holds for members,” says Molly Bailey, director, international, for Transplace, a non-vessel-operating common carrier (NVOCC) based in Frisco, Texas. “It’s not just about how they can share getting cargo from Point A to Point B. There’s much more proactive thought going into how these carriers are collaborating.”
Read more here.