DAILY NEWS Jan 22, 2014 8:15 AM - 0 comments

TT Club applauds logistics innovation

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2014-01-22

LONDON, UK--TT Club, aninsurance specialist serving the global freight industry, said it continues to support innovation in the logistics sector.

A long-term supporter of the British International Freight Association (BIFA) Awards, TT Club sponsored the 2013 European Logistics Award. TT Club’s Development Director for UK and Ireland, Brian Sullivan, was part of the judging panel that employed a stringent vetting process to find the most deserving entry. This year the winner is DSV. The award was presented by Sullivan to DSV's Chris Malyon at a ceremony in London on Thursday, 16 January.

“Many in the freight transport industry feel that pressure on rates from customers has shorn the operator of the necessary resource to deliver the added-value elements that distinguishes logistics from the straightforward ‘A to B’ transportation of freight. As a result of my own and the Club’s experience, I would contest this view,” said  Sullivan.

TT Club is certainly seeing more extensive services being provided by its customers. Many companies that in the past offered traditional freight forwarding now take on a much higher degree of supply chain risk and sustain greater liability by providing increasingly complex and sophisticated services, said the organization. 

The trend is however seen as positive. The increased complexity of service offerings and the ingenuity of operators in designing alternative supply chain solutions provides opportunity for new entrants as much as established logistics companies.



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