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Freight Management is a critical and under appreciated part of business. Without freight movement our entire economy would stop within days.
LTL, or less-than-load, is a shipping method that involves using only a portion of a truck’s available space. Those companies who choose LTL trucking pay only for the space they use and the distance the product needs to travel.
Are you wondering if your company can benefit from LTL?
If so, keep reading.
Continue reading “When to Call for LTL Trucking!”Freight forwarders and shippers/BCOs are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins.
The cheapest quote may not always provide overall cost savings.
Both the suppliers and shippers will need to monitor market conditions and costs on an ongoing basis as they enter carrier rate negotiations. For the shipper, in particular, the use of freight cost benchmarking, market movement analytics and global container tracking will also be important to achieve additional insight and a better understanding of overall costs.
Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost.
Continue reading “How to Lower Your Ocean Freight Costs!”
As the Covid-19 Coronavirus has wreaked havoc with everyone’s lives all over the world there is great hope for a vaccine to allow us to get back to normal. While all of the social distancing measures are fine to help mitigate the spread of the virus only a vaccine holds the promise of really preventing it’s further spread.
Over 7.8 billion people, the entire global population, will need the Covid-19 vaccine, whether people choose to take it or even have access to it.
With such an indiscriminate virus at work how do you efficiently and quickly get a vaccine to everyone in every country around the world? It is an incredible task that won’t happen without careful and well thought out planning and execution of the Supply Chain.
What is the Vaccine Distribution Supply Chain?
Continue reading “The Vaccine Distribution Supply Chain!”We live in a multi-modal world. Before a product arrives on your customer’s doorstep, it has probably traveled on several different modes of transport. One of those was undoubtedly drayage.
Though you might not be aware of drayage, it’s a crucial link in the supply chain. Drayage provides the connections that make multimodal freight work.
The better you understand your supply chain, the more efficiently you’ll be able to manage it.
Here’s everything you need to know about drayage.
Continue reading “What is Drayage?”
There is an abundance of chatter in shipping and freight about digitizing supply chains, with reports that more spending than ever before is being poured into developing software and platforms. The consensus across industries is that improving supply chain visibility and B2B connectivity is a primary challenge, and that digitizing the supply chain is a way to enhance managing all the data.
In a recent JOC.com article, it was commented that progressive supply chain innovation lies in “cleaning up data, creating data standards, connecting siloed data sets through APIs, and facilitating collaborative workflows”.
We at FreightPOP strongly share this point of view.
Continue reading “B2B Connectivity Leading The Way For Digital Supply Chains!”The expansion of international trade as early as the medieval times led to the development of a system to help merchants keep track of the conditions of goods, as well as to validate its time and location of loading.
Over the course of history, this system of validation in the form of receipt has played a major role in the modern world of commerce and is now widely known as a bill of lading or BOL.
But what exactly is a Bill of Lading?
Continue reading “What is a Bill of Lading? (Infographic)”We’ve been hearing a lot about contactless delivery and how this transportation method can be helpful during national emergencies such as the unraveling COVID-19 pandemic. What is the best way to deliver packages and transport goods while also reducing human-to-human contact?
Enter delivery drones.
These unmanned aerial devices have been in test piloting mode for years as companies race towards lift-off, pending commercial regulation from the FAA.
Continue reading “How Delivery Drones Work! (Infographic)”“Shippers, carriers, wholesale vendors, and others in the supply chain are concerned about the performance of the freight logistics system because highway, rail, and port operations affect their costs and profits,” state experts in the report Measuring the Transportation System from a Supply Chain Perspective, highlighting the vital role and importance of transport to a host of industries.
Indeed, economic growth and competitiveness cannot be achieved without efficient transportation, since it enables logistics to bring its advantages into full play.
Continue reading “The Vital Role Played by Transport in Supply Chain”While you can find many supposed intellectuals kicking around a ball about what really made western society great, almost anyone is going to agree that modern western civilization would not be where it is today without the use of trucking. What is the minimum load for trucking?
Inventions were great, and assembly lines and the Industrial Revolution were truly spectacular. Still, it was the ability to ship goods throughout the land that really ushered in modernity in ways that we never thought were possible before.
All of this was enabled due to hard-working truckers out there driving across the country to deliver their freight.
Continue reading “The Minimum Load for Trucking!”Anyone in Supply Chain has likely heard the phrase “Incoterms”, certainly if you are involved in Freight and Logistics management, or perhaps in Finance.
Even if you haven’t heard of “Incoterms” you are more likely to have heard of terms like “Ex Works”, “Free on Board” or FOB, or “DDP” (Delivered Duty Paid, amongst others. These, and more, are called Incoterms.
But for those who are unfamiliar with all of these acronyms and definitions they can be quite confusing and difficult to understand.
In this article we will endeavour to provide more clarity on what Incoterms are.
Continue reading “What are Incoterms?”A trucking company’s primary purpose is to transport full-truckloads of goods from one location to another. It is no surprise that most people think truck companies offer no other services to their customers. This is a sad, not to mention costly, mistake. These companies know very well how to become a dispatcher and how to keep customers satisfied.
A standard trucking company offers other unique services that can help you and your business save both time and money.
Use these services instead of or alongside your conventional shipping methods to realize a tremendous cost-benefit.
Continue reading “4 Unique Services Offered By Trucking Companies!”The key to sustaining healthy 3PL relationships is very much dependent on the person that is given the role to manage the relationship with the 3PL service provider.
One of the biggest mistakes that many organizations make when they move from the DIY to 3PL model is in the selection of the person they choose to manage the relationship.
Continue reading “5 Steps for Sustaining Healthy 3PL Relationships!”In today’s world, where globalization and international trade play an increasingly important role, efficient freight management is becoming a key aspect of success for many companies.
Freight management includes the coordination and control of the delivery of goods from the sender to the recipient. In this article, we’ll take a look at the main methods companies manage their freight and trucking operations.
Continue reading “How Do Companies Manage Their Freight?”Logistics refers to the detailed coordination of a complex operation that involves people, facilities and supplies. In the world of business, to improve logistics management is the practice of managing a certain flow of things between the point of origin and point of consumption in order to satisfy the needs of customers and operations.
Many enterprises today tend to pay a lot of attention to the way of how they manage logistics because it basically helps them to increase the value of their business. Logistics have the capability to enhance the merchandise and make the products much more accessible. Additionally, the economy of a country depends heavily on the efficiency of logistics to support the stable movement and flow of many economic operations.
Logistics management is one of the most vital components of business operations as its result often brings a significant impact on the internal processes as well as relation with customers.
Continue reading “5 Ways to Improve Logistics Management! (Infographic)”In a world of global commerce, freight companies play a pivotal role in moving goods efficiently and cost-effectively. The freight industry is highly competitive, and to thrive, companies must constantly evolve and seek opportunities for improvement.
Below are some strategies for improving your freight company, enhancing its efficiency, and staying ahead in the industry.
Continue reading “Improving Your Freight Company: Strategies for Success!”
