It’s chaos at the ports right now. Ocean shipping is experiencing unprecedented delays that are costing shippers thousands of dollars per container per day and could run deep into 2023. Container shipping, dry bulk, liquefied natural gas — it doesn’t matter how or what companies are shipping because rates are spiking across the board.
With no end to the messy situation in sight, knowing when delays will happen becomes more important than ever for carriers. With that in mind, supply chain visibility platform FourKites announced AI-powered enhancements to its Dynamic Ocean solution, enabling it to provide ETAs that are up to 40% more accurate than carrier-generated ETAs. The company is also upgrading its service that monitors demurrage and detention fees.
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