FMC Compliance

Are you compliant with the FMC with your Filings, NRAs, and NSAs?

A short search online will tell you that companies like yours are paying penalties to the Federal Maritime Commission for non-compliance of FMC regulations, these fines regularly range widely, and one simple case can affect hundreds of shipments, multiplying the cost. Simply filing your Tariff Rates, Governing Rules, NRA’s and NSA’s in a FMC-compliant system may not be enough to make you compliant.

That is why at Catapult we not only built a cloud based platform that allows you to manage, publish and store your Tariff Rates, Governing Rules, NRA’s and NSA’s in one place and in super-fast time making it easy to keep up to date, but also extensively checks your filings pre-publication for many common non-compliance risks, such as commodity descriptions, duplications, similar filings and more.

This gives you greater peace of mind and helps to ensure you don’t put your reputation and hard-earned cash at risk.

Our experts have relevant industry experience and know inside and out what it takes to be compliant, they have designed our tariff tools and services to provide the most simple and effective way to manage your tariff data, giving you ease of use as well as confidence.

How often are your filings being queried or rejected pre-publishing? Rarely? Or even never? This may mean that you don’t have sufficient validation in place to capture those hard to spot, but potentially very costly, errors.

Catapult also takes care of the storage of all documents related to your NRA’s, keeping everything in one place, ensuring you meet regulatory requirements for record keeping.

We can accommodate the way you want to work, Catapult offer you two service options. Have resources? Great, our platform allows you to fully self-manage your data and has built-in compliance. Don’t have the resources? No problem! We have the people to manage this for you, so you don’t have to worry about a thing!

We ensure best practices in compliance and have assembled a team of highly-qualified individuals ready to handle regulatory compliance issues, customized for your company’s needs. From tariff publication, to service contracts, to training, our mission is to help your company achieve awareness of and compliance with ocean shipping laws and Federal Maritime Commission regulations. Our services are designed to increase understanding of these regulations down to the employee level to minimize exposure to fines and penalties.

Find out if we can save you time and give you greater compliance confidence today, contact us by filling out the below form












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Look Inside: Catapult’s CEBU office

Look Inside: Catapult’s CEBU office

Recently our CEO Virgil Ferreira visited our Centre of Operations office, located in Cebu, PH.

This fantastic facility houses our engine room, where so much of the magic happens! This is where we Support many of the world’s global forwarders and shippers in managing their rate data.

Quick facts:
Opened in 2012
100+ staff
24×5 Global Support
18×5 Production Support
1300 Square meters of office space

Our highly skilled team of subject matter experts have many years of experience to call upon, and specialize in analytics, Excel, customer services, and software development.
Speaking about his visit CEO, Virgil Ferreira said, “This team really enjoy seeing their efforts make an impact, they are very goal orientated” commenting on the great team spirit he added “the high energy and smiles in this office are contagious, it’s a great environment”

We are proud of our low attrition rate, with many of our staff in Cebu having been with us for 4 or 5 years, we believe this is down to our inclusive management style, and providing opportunities for growth. This means our clients get truly experienced and expert support.

Our Continuous Improvement Manager A.J says “What I love working at Catapult is the culture of continuous growth, not only growth on business process but also on developing each employee to bring out the best in them. In this company, you can always see happy and smiling employee’s. I am very proud to be part of it for more than five years now”

When the pressure is on and large development projects are underway, or rate management is running at full capacity during contract season, our team has their own way of keeping happy and healthy – office Zumba! Studies have proven that exercise at the office supports mental health, boosts teamwork, increases the happiness factor and relieves stress – according to our team, it’s working!

Here are few comments from the floor:

“In Catapult, you work with energetic and happy people.”
“I appreciate the friendly and lively working environment”
“We are not working as workmates but a family”
“I love to work at Catapult”

Following the great success of Catapult Cebu in its first 5 years, what’s next?

“Our Cebu office is an excellence center, we have experts from the shipping industry, rate management, customer support and innovators in our IT team. I want to leverage the longevity and experience of the team and increase the integration with our innovation / IT teams to continue to improve our speed and accuracy in our rate management services, and expand some of our other services, like the freight audit product. This facility and the team will continue to be a vital part of Catapult’s leadership in the digitization of the shipping industry” Says Virgil Ferreira, CEO

Catapult Adds Kerry Logistics to Its Global IFF Customer Base

Catapult Adds Kerry Logistics to Its Global IFF Customer Base

Kansas City and Hong Kong, 10 October, 2017: Catapult, an Accelya company, announced today that Kerry Logistics, has selected the QMS™ web-based rate automation and quoting platform, in a move designed to strengthen its global IFF capabilities. Catapult’s QMS™ will serve as a centralized rate database for Kerry Logistics’ offices globally, providing instant access to ocean, air, and ground rates and contracts. Users will be able to search rates, compare carrier costs, view sailing schedules, transit time, create reports, and book shipments all through a single platform.

Commenting on the agreement, Virgil Ferreira, CEO of Catapult International said, “Catapult appreciated the due diligence from Kerry Logistics in their selection process and are honored to be their chosen partner. They understand the importance of digitization to drive operational improvements, and clearly see the opportunity for their commercial teams in terms of responsiveness to customer requests and better management of margins with Catapult’s technology.”

Deepak Saxena, Executive Director of Global Ocean of Kerry Logistics said, “This partnership gives us a worldwide, comprehensive, user-friendly and highly commercial digitalized platform for our IFF division, fueling our sales engine and operational excellence. We thank Catapult’s team for their full support during this transition and look forward to growing together in the future.”

About Catapult

Catapult, an Accelya Company, provides technology-enabled solutions for freight forwarders, shippers, and carriers worldwide. Managing over 1 billion cargo rates at over a 99% accuracy rate, Catapult combines air, ocean and ground rate contracts into one simple cloud-based system, enabling operations and sales departments to get their best carrier rate from point A to point B and realize dramatic efficiency improvements. For more information, please visit www.gocatapult.com.

About Kerry Logistics Network Limited (Stock Code 636.HK)

Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 48 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2016-2017.

Press Contact:
Laura Finbow
E: growth@gocatapult.com

A Look At the Top 5 Challenges Facing the Freight Forwarding Industry Today

Freight forwarders are as nervous about the future as any other type of company these days – and for good reason. It’s hard to think of another industry facing more uncertainty with many of the macro-trends happening in the world right now. These challenges include everything from the impact of technology and the state of the global economy, to how newly elected U.S. President Trump is promising to shake up global trade.  

Macro-economic reasons aside, there is also plenty going on within the industry that freight forwarders should be watching. Here are 5 of the most crucial ones.

Competition

Freight forwarders are up against more competition than ever. Part of the reason is that many logistics companies that traditionally defined themselves as something else (say an as ocean carrier, or even a warehousing company) are now providing forwarding and NVOCC type services. And of course, everyone is talking about how even Amazon is getting in the game as well – which leads us to the next challenge.

Commoditization

Many, if not most, shippers view transportation as a commodity. All they care about is that the delivery gets made. Meaning, they place little value on service and a lot on price. This makes it hard for forwarders to differentiate themselves from other providers – especially when there are always those who’ll try to win on price. Some forwarders are learning they can better compete and maintain margins by offering new or better technology that improves the customer experience.

Ocean Volatility

Ocean shipping is a big part of what forwarders do. It’s also a very unstable business, based on complicated rates and contracts that take an expert to understand. Many times this makes it hard for forwarders to understand their cost structure – which obviously makes it even harder to provide accurate and reliable quotes to customers. The seemingly random nature of GRI’s and surcharges only adds to the problem. There have been recent calls to simplify the complexity of all these things but there won’t be relief for forwarders any time soon.

Tender Management

A big part of most forwarder’s business comes from responding to tenders. Because the volume of these bids is so high, and each is usually so complex, they are a big drain on resources. Smart forwarders are focused on improving their tender management process to make sure they are bidding accurately and fast, but also on the best types of business for them.

Rate of Change

There are constantly new market challenges for forwarders that need to be accounted for. A recent example is the trend for ocean carriers to form alliances. With almost no notice, these can affect the rates and contracts forwarders have with the carriers, as well as service. The aforementioned effect of technology is changing how forwarders (and their competitors) can manage their business – as well as service their customers. Lastly, market expectations continue to focus on ever faster and cheaper deliveries.

For all these reasons, freight forwarders need to work harder than ever to differentiate themselves in their business – while continuing to focus on service. What the best forwarders know is that just as important as competitive rates are giving customers better service options and technology to support decision making.

Do Freight Forwarders Lag When It Comes to Technology Adoption?

The logistics industry gets little credit when it comes to the adoption of technology. It seems like there is a new technology startup appearing every day promising to “disrupt” the $3 trillion shipping industry  – while at the same time criticizing shippers and logistics companies everywhere as luddites.

Maybe the perception comes from the tough nature of the work logistics companies do. Freight can be a dirty business, literally and figuratively. The attitude for most people in the industry is that, in the end, all that matters is the delivery gets made and style points don’t. Or, at least they didn’t in the past.

This idea is perhaps also a broader statement on the industry itself because at least parts of the shipping process remains manual and paper-based for everyone – through no fault of the service providers or shippers. There has clearly not been a compelling enough reason for things to change more than they already have.

If shippers had demanded more, providers would have to make more changes to make the process better – like adding technology. The bottom line is that up until now the pain being felt by anyone has not been great enough to inspire change for everyone.

Today, we argue that the industry has reached a tipping point and this is no longer true. Freight forwarders and other logistics companies who have not invested in or using technology are now feeling a negative impact on their business – and this is finally inspiring action.

There are several reasons it’s happening. For one, companies leveraging the correct technology operate more efficiently – this is a pretty simple idea. Track and trace, rates and cost data, and other information flow through their operations and to customers better. A thing as seemingly simple as how technology can eliminate the need to rekey important shipment information saves time and eliminates errors. It also helps to create a more consistent, repeatable workflow that enables easier sharing.

The benefits extend beyond just operating better too – Read About That Here: Logistics Technology Is About More Than Process Automation

Freight forwarders using technology are able to provide a higher level of service and customer experience. The aforementioned benefits of track and trace, as well as reporting are two important examples. From the customer’s perspective, forwarders using technology are simply better to do business with.

Technology also makes forwarders better customers themselves. They are able to provide more accurate and timely information to their carrier partners. This is rewarded with more competitive rates and preferential treatment when problems come up – and they always do. We are talking about shipping after all.

As a final note and speaking of issue resolution, technology digitizes much of the paperwork in the shipping process which is especially important to international logistics. Documentation that gets lost is replaced faster when it’s digitized and available through a central technology platform.

The perception that the whole logistics industry is behind the times when it comes to using technology is often over blown. Yet, there are a lot of companies that could be doing a lot better – many of them freight forwarders. These companies would be smart to start seeing technology as a requirement of doing business and a key way to serve customers better and make that part of their own ROI equation.