Transportation Leadership Journal
The transportation industry is fundamentally changing. The year 2020 will kick off a decade with new frontiers in data science, artificial intelligence, and optimization—all leading up to a shift in focus.
Navigating the marine fuel landscape is no easy task, especially as new challenges continue to shape
the larger maritime industry. Current BAF programs are inconsistent, do not reflect the realities
of moving ocean freight, and are not designed to effectively navigate this evolving marketplace.
Shippers can combat the distorted practices of marine fuel reimbursements with Breakthrough Marine Fuel Recovery. Our market based approach considers fact based consumption parameters, geography of freight movements, and regulation driven price impacts to ensure you have the proper visibility into your ocean transportation network and the associated marine fuel spend.
Shippers cannot actively manage their fuel spend when reimbursing carriers according to varying BAF programs. Each provider offers different pricing mechanisms with little explanation of cost build-up, leading to an inherently distorted strategy that doesn’t account for market realities.
BAF amounts can vary drastically across carriers despite similar movement characteristics. Common BAF programs lack explanation of how cost drivers like consumption, geography, and regulations play into pricing.
Changing regulations elicit drastically different industry responses, triggering inconsistency in the prices you pay to move your goods to market.
Ready to learn more about our market-based approach to marine fuel management? Fill out this form and we'll contact you to discuss further.