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Lionel van der Walt and Joe Lynch discuss revolutionizing freight forwarding using tech, which is exactly what Raft.ai In the podcast interview, Lionel and Joe discuss revolutionizing freight forwarding using tech. is a technology company that specializes in conversational AI and natural language processing.
Bill has experience working on the carrier, shipper, and broker side, as well as in 3PL and freight software, giving him 360-degrees of visibility of the marketplace. Transflo links the entire supply chain together in one digital ecosystem, creating visibility, security, and customization for every freight professional.
How Importers Maximize Duty Refunds with DGLs Fully Documented Drawback Reports Duties are a major cost for importers, but many businesses dont realize they can reclaim a portion of those fees through the duty drawback program. By partnering with DGL, importers gain more than just a freight forwarder.
Today’s organizations are not limiting themselves to clearance and transportation activities but also handle transportation, customs clearance, freight, warehousing, last-mile delivery, and more. Even in the digital world, this industry still demands several printed documents for transfer between countries.
Curtis documents and shares challenges, progress, and goals in a collaborative and community driven way. Curtis has spent 16 years in the LTL industry – 8 of those with Old Dominion Freight Line, and the last 8 with Reconex, FreightPlus, and Understand LTL – which he recently launched as an LTL focused education firm.
Matt drew upon his background at Uber Freight to tackle the massive problem of building a new structure for the legacy transportation payment system that supports the global supply chain. Having studied engineering at USC and Stanford, Matt is no stranger to complex data problems. That is why industry leaders like J.P.
Felipe Capella is President, COO and Co-founder of Loadsmart , a leading digital freight technology company. Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Documentation and billing.
It’s important to consider these ten factors when considering automated document processing technology to add value and resiliency to the freight industry. Do Enable Real-Time Document Sharing Capabilities. One of the most beneficial aspects of a document management system is its ability to share documents in real time.
Automates data collection from multiple parties. Stores and organizes all documents in a centralized digital library—not siloed email systems. Provides instant document access to solve customs problems and speed audits. Documentation (when the shipper is ready to import). Freight Forwarding Basics with Miles Varghese.
Our expertise in technology modernization helps clients resolve critical operational challenges such as effective management of peak loads and seamless anytime, anywhere access to distributed freightdata. Freight quotations. Document management including proof of delivery, bill of lading, accessorial, etc.
Prior to joining Echo, Waggoner founded SelecTrans, LLC, a freight management software provider based in Chicago, Illinois. Its industry-leading, proprietary technology supports clients by addressing a lack of visibility into their supply chain and provides a more robust, data-driven means of reporting.
KlearNow is transforming supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. About KlearNow. Key Takeaways: The KlearNow Story.
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freightdata insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.
On the other hand, you also need to know and understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents. However, most documentation is still handled manually in some countries. Packing list is used by freight forwarders in order for a shipment to clear U.S.
One such technology taking the industry further than before is intelligent document automation. Although automated document processing platforms often advertise cookie-cutter packages, it’s important for freight companies to first examine their own needs before trying to fit in the offerings of a platform.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. And the foundation that holds all of this together is your master data. What is Supply Chain Efficiency?
managing freight and drayage trucking operations for enterprise clients like Amazon, Samsung, and Apple. They can also access additional empty equipment or offer up their surplus equipment in a documented and secure place, the empty container marketplace. This saves them a lot of time and money running their operations.
Freight costs are rising faster than experts expected. As domestic truck rates increase, international trade freight costs will most likely escalate too. Shippers and freight forwarders are turning to AI for shipping document automation to stay competitive in price and efficiency. . What Is Shipping Document Automation ?
Staying on top of the ever-changing omnichannel service options and keeping track of supply chain documents and freightdocuments remains vital for continued growth and success within competitive markets. Supplies big and small and all logistical teams and supply chain management teams can suffer from poor document management.
About AscendTMS AscendTMS is a transportation management system (TMS) used by freight brokers, 3PLs, trucking companies, and shippers to manage their entire business operations. It has a user-friendly interface and a comprehensive documentation library. You can be confident that your data is safe and secure when using AscendTMS.
With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform. billion events and roughly 13 million published documents. Moller – Maersk ( MAERSKb.CO ).
The intelligent aspect is introduced by robotics, artificial intelligence, and other emerging technologies that can carry out human actions and act independently by making decisions, or interpreting data without direct human interference.” . How Document Automation and RPA Helps Reduce and at Times Eliminate Issues.
To reap the rewards of a data-driven e-commerce returns strategy, logistics leaders should follow these steps: Keep all stakeholders working together and sharing the right information with related communications via API-integrated systems. Continuously measure performance with returns key performance indicators.
With all the advances in technology and a continuous need to just do more with less, it’s imperative for shippers to start by assessing the quality of their basic data and analytics tools. And the freight routing guide is the best place to begin. These may also require electronic documentation, also known as eBOL and ePOD.
Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. Whether digital or manual, the business of shipping involves a lot of documentation. Let’s take a quick look at what these terms mean and what it is all about.
Logistics Applications of Blockchain Maintain Data for All Parties. Logistics applications of blockchain all derive from maintaining an incorruptible data resource. Payment Management Forms Another Key Freight-Use for Blockchain-Based Systems. Freight shipped sooner for shippers and carriers.
3PL Systems provides transportation management system software to help make freight brokers more profitable – both by helping them bring in more revenue and helping them to operate more efficiently. BrokerWare is a transportation management system (TMS) for Non-Asset Based Freight Brokers. About 3PL Systems. 3PL Systems’?
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freightdata insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. And as mentioned, that TMS data becomes a key SONAR data source.
Whether you’re new to the freight forwarding industry or you’ve been in this line of business for a long time, it’s easy to marvel at how the industry has evolved in recent years. Software that facilitates streamlined, efficient, affordable service is crucial to your success as a modern freight forwarder. Times have changed.
For those who are seeking how to be a successful freight broker, they should first look at how they can make themselves stand out. Differentiation for freight brokers is often difficult to achieve. And then there are the different freight broker business models. 3 Tips on How to Be a Successful Freight Broker.
For freight brokerages, top-line revenue isn’t as impressive as it sounds. It’s the difference between what a freight broker charges a shipper and pays a carrier that brings in the cash flow to keep the lights on and the brokers earning commission checks. . Use freight market intelligence to boost freight broker profit.
That’s especially important for an error-prone process like freight billing. Intelligent Audit explains: “Up to 80% of all carrier freight invoices contain discrepancies, resulting in a 10%+ loss through invoice overpayments. Freight invoice management mistakes can become quite costly in the short and long term.”.
Changes in the Mexican government’s regulations for bills of materials and shipment documentation are poised to take effect January 1, 2023. The changes are substantial, and require much more data collection. I interviewed Josefina Blanco, Legal and Compliance Lead at … Continue reading →
Mitch Violett is a Principal Product Manager at Convoy focused on building products to increase the efficiency of delivering freight and improve the experience for everyone involved. Convoy is the nation’s most efficient digital freight network. Since documents must sometimes be scanned and emailed, there are delays and errors.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freightdata remain disparate and lack value. Let’s give you the top 10 warehouse KPIs to track that will inevitably impact freight management. It’s only challenging to get a handle on the volume. On-time deliveries.
Felipe Capella is President, COO and Co-founder of Loadsmart , a leading digital freight technology company. Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Documentation and billing.
Blockchain Has Meaningful Impact on Finance as well as Freight Shipping: Heres the How and the Why What Even Is Blockchain? Unlike traditional databases, which rely on a central authority, blockchain uses cryptographic methods to ensure that data is tamper-proof and transparent. Why Should You Care?
Documents are crucial for the movement of consignment from one international destination to another, whether it’s an import or an export. The documents raised in a shipment orchestrate a long chain of actions and is required to ensure a hassle-free movement of consignments. When are these documents issued? Freight forwarder.
This ruling will impact all individuals who are currently shipping ocean freight as it will adjust current practices for billing timeliness, the billed party and the documentation requirements. New Billing Documentation Requirements Under the updated documentation requirements for billing, invoices must be thorough and precise.
And if you don’t have a TMS, you certainly are spending way more time doing data entry than you should. MANUAL PROCESS: DOCUMENT MANAGEMENT. Manually managing documents or paperwork is monotonous and outdated. Everything from manually completing the documents to organizing and filing takes a significant amount of time.
Three technologies have emerged as game-changers for third-party logistics (3PL) and supply chain experts: large language models (LLMs), freight optimization platforms and no-code automation. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.
2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port congestions along with the usual documentation and visibility issues that we have been facing for years.
Which has better shipping freight rates? CONTRACT RATE PROS/CONS SPOT MARKET PROS/CONS HOW TO GET YOUR BEST SHIPPING FREIGHT RATE ON THE CONTRACT MARKET HOW TO GET YOUR BEST SHIPPING FREIGHT RATE ON THE SPOT MARKET WHAT HAPPENS WHEN A CONTRACT IS BROKEN? Spot freight rates are short-term transactional quotes for moving freight.
This may include how orders are communicated to them, what documents are needed to support the shipment, and which systems they interact with (such as a warehouse management system – WMS) to notate information like planned vs. actual shipment details. Some data may live in other tables or a completely different system altogether.
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