All they did was lower the profit. Most everything is electronic now anyway. I have a relationship with a my Logistics company. They charge approx $2800 for a 40ft container to my door from Hangzhou. The ship takes 8-10 days on the water, approx 10 days by rail (East Coast). I'm not sure these guys could save me time or money since my containers already come on one of the fastest ships.
The problem is Container ships leave on weekends. If you don't get your shipment to the dock by early Friday it isn't going. You have to wait until next week for it to leave.
On another note he did found import genius which presented everyone's customs / shipping information for anyone else to see in a nice format. I would bet he leveraged the data to figure out how to approach the logistics industry. It gave him an advantage over his competitors that were old school. Probably mined the customs database he fed into Import Genius. It has all shipping records for almost every country in the world.
Glad to see someone shaking up the industry. Smart guy...
The problem is Container ships leave on weekends. If you don't get your shipment to the dock by early Friday it isn't going. You have to wait until next week for it to leave.
On another note he did found import genius which presented everyone's customs / shipping information for anyone else to see in a nice format. I would bet he leveraged the data to figure out how to approach the logistics industry. It gave him an advantage over his competitors that were old school. Probably mined the customs database he fed into Import Genius. It has all shipping records for almost every country in the world.
Glad to see someone shaking up the industry. Smart guy...