JITpay™ and Eurowag expand partnership

JITpay™ and Eurowag expand partnership – major shareholder holds 28% in Braunschweig logistics financial service and billing after exercising a second option Braunschweig/London, 05.07.2023 –The Braunschweig-based logistics financial service and billing provider JITpay™ is intensifying its cooperation with its Czech partner Eurowag as part of its internationalisation strategy and backing this up with a closer […]

Cash Conversion Cycle (CCC)

The cash conversion cycle (CCC) is a metric that indicates the time (measured in days) it takes a company to convert its investment in inventory into cash flows from sales. The CCC, also referred as the “cash cycle,” attempts to measure how long each net input euro is tied up in the production and sales […]

Braunschweig logistics start-up grows and grows

Our Managing Director and CEO Dr. Daniel Steinke in an interview with Hannah Schmitz from the Braunschweiger Zeitung. The article appeared in the business section of the Braunschweiger Zeitung on 11.01.2023. Click here for the german PDF version of the interview. JITpay™ fills a market gap in the industry – and aims to turn over […]

Record shipping congestion on the North Sea

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Since the start of the Corona pandemic, global cargo ship traffic has been repeatedly thrown off track due to lockdowns. Following a strike by the workforce in North Sea ports, freighter congestion there is reaching record levels. by Dirk Mewis. The 48-hour port workers’ strike in mid-July caused the shipping congestion of container ships on […]

Waiting for the goods

Container_JITpay_Wartezeitern_Logistikkonzerne

Containers clog the seaports. The current labour disputes in the port of Hamburg and Antwerp are only one reason for the problems. And improvement is not in sight until next year. by Dirk Mewis Workers at Germany’s largest port in Hamburg were on warning strike the weekend before last. This is to emphasise the demands […]

Fuel discount fizzles out

Tanken_Tankrabatt_JITpay_JITfuel

For forwarding agencies and logistics companies, petrol and diesel are still very expensive. The fuel discount is not fully passed on to the customers by the corporations. by Dirk Mewis Fuel prices are rising and rising. According to the ADAC, diesel fuel cost an average of 2.054 euros per litre nationwide at the end of […]