Summary of the Vessel Schedule Impact Report 2023

The 2023 Vessel Schedule Impact Report, coordinated with AgTC, the Specialty Crop Trade Council, and USMEF ( sponsored by TradeLanes), surveyed approximately 200 exporters to analyze the impact of Early Return Date (ERD) changes. The report found that ERD changes have increased by 6% overall, with 98% of bookings now experiencing ERD changes, compared to 92% in the previous year. 83% of shipments now face additional costs due to ERD changes, up from 78% in the previous year. The report also found that distributing container volume across multiple ports can reduce extra per container costs from ERD changes.

Key Insights from the Report

• ERD Changes Are Costly: Exporters frequently face additional fees due to shifting schedules.

• Data Discrepancies Persist: Conflicting data between carriers and terminals is a major obstacle.  

• Proactive Management Is Key: Exporters using real-time platforms report fewer disruptions and lower costs.

Introduction:

Early Return Dates (ERDs) are pivotal for export logistics, but they often become a source of frustration and unnecessary costs. From schedule changes to data discrepancies, exporters face frequent disruptions. This guide will help you understand ERDs, their importance, and actionable strategies for managing them effectively.

What Are Early Return Dates?

An Early Return Date (ERD) is the first date exporters can return containers to a terminal or depot for shipment. Adhering to ERDs ensures smooth operations and avoids costly fees.

Challenges with ERDs

1. Frequent Changes: ERDs can change without notice, forcing exporters to reschedule drayage providers.
2. Data Discrepancies: Conflicting information between carriers and terminals creates confusion.
3. Fees and Delays: Missing ERDs can result in costly storage or re-handling charges.

Managing ERD Challenges

Exporters can mitigate ERD issues by adopting these best practices:

• Centralized Data Platforms: Consolidate schedules from carriers and terminals into one reliable source.
• Real-Time Notifications: Stay ahead of schedule changes with automated alerts.
• Proactive Communication: Establish clear channels with carriers and terminals to minimize confusion.

Why Choose TradeLanes?

TradeLanes’ Vessel Schedule Monitor transforms vessel schedule management by addressing these challenges:

• Real-Time Vessel Schedule Updates: Stay ahead of changes with real-time notifications for of vessel schedule changes..
• Centralized Scheduling: Eliminate manual tracking by consolidating carrier and terminal data into one reliable platform.
• Pre-Validated Information: Avoid costly surprises with pre-verified ERDs and CY Cutoffs, ensuring accuracy and reliability.
• Streamlined Workflows: Save time and reduce errors by automating notifications and updates, allowing your team to focus on high-value tasks.
• Proactive Cost Management: Minimize fees caused by missed schedules, manual errors, or conflicting data.

With TradeLanes, you gain the agility and confidence to navigate vessel schedule complexities while saving time, cutting costs, and improving operational efficiency.