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.
Fleet Strategy article, and permission to publish here, provided by Morgan Dixon at Expak Logistics.
Overseeing a fleet of vehicles can be a tough job. Anyone who’s been involved in fleet logistics has probably spent countless hours going over schedules, vehicle maintenance records, driver training requirements, and a host of problems and delays that have the tendency of popping up at the worst of times.
If you’re experiencing issues or have questions regarding fleet strategy, you’re not alone.
A good professional, though, is always looking to improve their methods. To guide you on your way, we’ve spent some time putting together a list of 5 insights to help you manage your fleet strategy better.
Trucking companies article and permission to publish here provided by Saeed Darwish.
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.
Improve Logistics Management article originally published by, and permission to publish here provided by, Victor at excelsior.ph.
Logistics refers to the detailed coordination of a complex operation that involves people, facilities and supplies. In the world of business, logistics 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.
The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who work as intermediaries between shippers and carriers.
Licensed freight brokers operate around the country in various markets, helping make the transport of goods a reality for their customers. Currently, more than 17,000 freight brokers work in the United States, either as independent businesses or as part of a team.
However, not all freight brokers experience the same degree of success in their profession.
The unfolding covid-19 pandemic has impacted global supply chains in myriad ways including in the area of air cargo. In fact one of the most dramatic of these has been a seismic shift in the way that we ship goods by air.
Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com.
With so many things currently happening on the container shipping front, we bet supply chain and logistics managers are having a hard time focusing. There are are certainly many questions that keep supply chain and logistics professionals up at night, regardless of the current socio-economic and geo-political situations.
Have a look at our infographic to remind you of 16 things you should always keep in mind when looking at supply chain and logistics.
Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com.
Truckers and shippers have real fears over the effects and long-term impact of the supply chain coronavirus disruption. The coronavirus, also known as COVID-19, continues to change basic supply chain functions.
UPS and FedEx both have released statements professing their need to continue shipping as an essential business, but it will be harder for smaller, more local carriers to keep up with their pace. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor, “up to 5,000 tons of cargo in air freight from China to the U.S. have vanished per day.”
The entire situation seems to be on track to a worsening, and shippers need to understand that the supply chain coronavirus is having a worldwide impact that will undoubtedly continue for the coming weeks.
Chinese New Year is just around the corner, and more and more freight companies are working on how to sustain productivity and efficiency.
For small businesses that are new to experiencing this holiday, during Chinese New Year, some China-based companies are temporarily shutting down their activities to celebrate and administer different superstitions to have a healthy and prosperous New Year.
And this is also the time of year where freight demands shoot up, prices increase, and containers easily become full making it expensive and difficult to import.
Freight Management Hell article originally published by, and permission to publish here provided by, Adam Robinson at cerasis.com.
The road to freight management Hell is laden with poor freight visibility and outdated systems. Failures within freight data visibility contribute to compounding consequences throughout downstream supply chain operations, and the problem only grows worse from there.
Yet, many continue to operate with blind ignorance of the real problem—limited visibility.
“A recent benchmark study by ‘American Shipper’ called ‘A Clear View of Supply Chain’ asked supply chain decision-makers which transportation and logistics challenges are most critical to their enterprises. Underscoring the rising importance of freight visibility, nearly three-fourths of respondents cited visibility, coming in second only to cost reduction.
Those that prioritize freight visibility will have a competitive advantage over those that do not.”
Heavy-Haul trucking article and permission to publish here provided by Saheer Gurjot.
Trucking might just be the one key thing that turned western societies into industrial powerhouses. The ability for one business to create goods in one area, and then have someone else in another area receive those goods without having to go pick them up, really revolutionized the way that societies operate.
It’s such an effective method that it hasn’t changed much even after all these years. Besides heavy haul trucking businesses actually getting better at what they do, with better equipment and quicker delivery times with advanced GPS routes, the principles are still the same.
If you operate a business that creates goods and needs to ship those goods out, you might not have any way of doing this and have had to rely on some expensive methods. Perhaps you would benefit greatly by going with a trusted trucking service.
Digital opportunity article originally published by, and permission to publish here provided by bringg.com.
Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The shipper ecosystem is burgeoning with more delivery orders, more inventory to be managed, more deliveries and more services than ever before.
The global 3PL market, valued at $728.6B USD back in 2018, is expected to reach $1.5 BILLION by 2025. While 3PL providers want to adapt to this new market opportunity, their existing logistics operations often have a hard time keeping pace with these growing demands.
In this increasingly challenging environment, technology has become an integral part of expanding and maintaining competitive logistics services.