This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As a Freight Agent, you might think proof of your business growth is solely measured based on your revenue size. Choosing to look beyond the numbers for growth and instead embracing a growth mindset can revolutionize your approach as a Freight Agent. A curious Freight Agent isn’t afraid to ask why certain routes may be preferred.
A frequently asked question among new Agents is, “How much money can I make as an Independent Freight Agent?” The good news is the earning potential for talented Freight Agents is truly unlimited. It’s important to say working as an Independent Freight Agent is not an easy task. If you compare this to the median U.S.
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Many of us in the business relate to freight as “money”.
However, freight shipping is the one activity that presents significant barriers to overseas-market entry, as you may have discovered if your business is starting to look across international borders for its next step in expansion. Container shortages and sky-high freight rates have spared no enterprise, regardless of its scale.
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Freight calculators can also help with budgeting to ensure suppliers, drivers, employees, and third-party members are all covered. Why are logistics calculators so popular.
(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Of course, no disruption comes close to those that have been experienced to date in 2020. Consider this example. Consider this example. .
Well, B2B freight is actually much more complex than that. Transportation Modes in B2B Freight When you’re moving goods between businesses, you’ve got several options in your toolkit. Ocean Freight: This is your global connector. Air Freight: Think of this as your premium express option.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
Tis the season to be jolly – unless you are overwhelmed with the many tasks traditionally associated with the annual freight Request for Proposal ( RFP ) season. However, the reality is that contracted freight is actually a promise – not a binding agreement. Flexibility to schedule rate bid events based on business needs.
Shipping air inside expensive freight containers has never been a cost-effective approach to transportation. Today though, in the wake of the COVID-19 pandemic, it’s even more critical to try and improve capacity utilisation , given the skyrocketing costs of container freight shipping.
While passenger electric cars have seen widespread adoption, transitioning the freight industry to electric trucks has proven to be very challenging, for multiple reasons. So let’s dive right into the major challenges standing before the green and electric freight truck revolution.
This Freight Calculator Brought To You By Transparency. We’ve launched the world’s first door-to-door international freight estimator , powered by live global market rates. It would take days to compare multiple providers and, of course, there was no market index or transparent data to guide us.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally.
After, he was the CEO of Freight Mango, a Global Digital Freight Marketplace focused on streamlining and automating global trade. ? The founding team which play a leading role in the success of a startup is of course added to this. Since August 2021, he has built and lead ZEBOX AMERICA, based in Arlington, Virginia.
And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. The ocean freight sector is facing a particularly high amount of uncertainty right now thanks to ongoing container shortages, port congestion and lack of capacity. Planning is obviously key,” says Chrapko.
We continue our series on what makes up a "Best in Class" shipper by taking a deeper dive into #4 and #5 of the 10 areas that "Best in Class" Shippers must master : Freight Spend Management and a focus on LTL Shipping Process. Managing Freight Spend and LTL Shipping Process. What Is Freight Spend Management? Process Management.
Where Freight is Going in 2017. For decades, international freight’s mantra was a simple bigger is better. Sluggish global trade, reduced import volumes and record overcapacity showed that the global freight industry is in dire need of change. “the global freight industry is in dire need of change.”
Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. All of this will cause a tightening of space for ocean freight shipping. Regular disruptors. Golden Week.
Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Inventory levels: Current or expected inventory levels at various locations.
Meanwhile, are freight costs going to rise or decrease? Will Mother Nature throw a wrench into a shipment, causing extra delays or even freight damage? To help your organization thrive, you need to understand why proper packing and packaging keeps freight loss at bay, explains Lou Cortese of Inbound Logistics. The Big Picture.
Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.
In the course of international trade, compliance with international trade laws and cultural differences can lead to confusion when interpreting contractual terms and obligations. One of these terms, free or freight on board, also has irony within its name. What Exactly Is Freight on Board? Who Pays the Freight Cost for FOB?
As a disclaimer, WebCargo , a Freightos Group company, does offers digital services to global forwarders and carriers, including online sales portals, digital eBooking, multimodal rate management and the Freightos.com freight marketplace. . The Freight Game of Thrones. The Maersk Shift: Where it started. Driving the Maersk Shift.
What is freight damage? . Damaged freight can affect your customer’s perception of your brand and ultimately, your profits. While many business owners are aware of the negative effects of damaged goods and packages, many still struggle to understand what freight damage is, how it occurs, and how to mitigate risks.
Experts believe that through digital freight matching, transportation supply chains can open a new way of driving efficiency and visibility. Last year, Morai Logistics discussed the Uberization of supply chains, and touched on the impact of autonomous freight. Digital Freight Matching. Leading Freight-Matching Apps.
in 2020 and will hit EUR557 billion by 2025, Simon Wong, CEO of the U-Freight Group , says his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade. The post U-Freight sees e-commerce logistics opportunities appeared first on Logistics Business® Magazine.
And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Staying focused on goal-oriented freight KPIs can go a long way to help. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data.
Considering Yellow Corporation was the third largest LTL carrier, what happened to all the freight they handled? In July, whispers began of a possible union strike that would effectively halt YRC’s freight network. No customer wanted their freight stuck in limbo if Teamsters were to go on strike against YRC. So, what happened?
Truck fleet management has always been intensely focused on knowledge of the freight market. Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. And freight KPIs can serve as a valuable tool for freight market intelligence.
While these tips may not be possible for everyone or every shipment, hopefully, you’ll find one you can start implementing to reduce your freight costs. and based on the freight classification, weight of the shipment, distance traveled, and the origin and destination zip codes. To make it simpler, here’s what goes into your LTL costs.
Of course, along with that comes a lot of products that need delivering. Today, for example, Amazon pre-loads un-purchased products onto a truck knowing they will be ordered by the time the truck reaches an area. None of this is new news, of course. Amazon currently enjoys about 50% of all US e-commerce business. I bet it will.
For example, customs-related delays are often due to paperwork or procedural errors due to inexperience or neglect. The fees associated with ocean and air freight are complex, and invoices are designed to provide a clear and concise summary of charges. A freight forwarder that consults with the importer is a valuable asset.
What is damaged freight? Damaged freight can affect your customer’s perception of your brand and ultimately, your profits. While many business owners are aware of the negative effects of damaged goods and packages, many still struggle to understand what freight damage is, how it occurs, and how to mitigate risks.
The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Online freight booking. Technology.
How the international air freight markets fared in 2018 and what’s ahead for the new year. In its most recent monthly analysis of the global air freight market , the International Air Transport Association (IATA) observed that while demand for air freight was softening, cargo volumes are still trending higher. What’s Ahead?
You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. to $0.40, or about half a percent of the sticker price.
However, freight chatbots can instantly identify a quote request, even in email, review data sources, and upload the quote for a quick solution. . Freight forwarders no longer need to sit for hours waiting on back and forth emails. Challenges of Freight Spot Quotes Without Automated Quoting.
Freight forwarding companies face the big challenge of keeping the consequences as minimal as possible. In practice, this means customers always have an overview of their freight, can check its status and, in case of doubt, can change transport routes or modes, while always being informed of any financial impact.
Freight forwarding companies face the big challenge of keeping the consequences as minimal as possible. In practice, this means customers always have an overview of their freight, can check its status and, in case of doubt, can change transport routes or modes, while always being informed of any financial impact.
Throughout the course of business, demand for items will contract and grow, and your business needs to be able to process customer orders. Over the course of time, an LTL carrier will increase rates to their consumers. No one wants to think of freight damages and lost packages , but they are a part of shipping.
For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.
Recall that at the beginning of the year, industry experts expected the surface freight spot market would gradually increase to make up for its decline over the past year. The mass quarantines in Wuhan applied the metaphorical breaks to production and left the Shanghai Containerized Freight Index closed for more than three weeks.
A good KPI dashboard can show you for example, the difference between planned and actual kilometers for each route. Drivers adherence to routes is visible in real-time, and planners can even change a drivers itinerary on the fly, in response to a long traffic tailback, for example. Is Your Fleet Routing the Best It Can Be?
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content