Shipping Industry News

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Sep 06

2024

Freight In vs Freight Out: Key Differences

Posted: Sep 06, 2024

One of the primary goals of supply chain management is to ensure the seamless flow of goods from suppliers to companies to consumers. Freight in and freight out play a pivotal role in this process. Freight in and freight out are occasionally used interchangeably but there are critical distinctions between the two—an...

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Aug 23

2024

A Guide to Freight Accessorial Charges

Posted: Aug 23, 2024

Freight shipping costs are complex on a standard level — requiring knowledge of certain fees, the time and ability to review contracts, and the wherewithal to negotiate with carriers. But add accessorial charges to that complexity, and shipping costs are enough to overwhelm any shipper.  Accessorial fees are import...

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Aug 23

2024

How Much Does Freight Insurance Cost?

Posted: Aug 23, 2024

In the United States alone, cargo theft is estimated to cost $15 to $35 billion annually—and it’s on the rise. There was a 46% increase during the first quarter of 2024 compared to the same period in 2023. When your shipment hits foreign ports and borders, that potential multiplies. Plus, theft is just one categor...

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Aug 23

2024

A Guide to Freight Analytics

Posted: Aug 23, 2024

Approximately 90% of all goods sold fall under the category of freight prior to reaching customers’ hands. That equals an endless number of data points and decisions along supply chains that affect the on-time, on-budget final delivery of each product.  Freight analytics helps...

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Aug 16

2024

2024-2025 UPS & FedEx Peak Season Demand Surcharges

Posted: Aug 16, 2024

Editor's Note: Updates to this post will be made throughout Peak Shipping Season. Peak Shipping Season runs from September 2024 to January 2025 Every year there’s a spike in deliveries during the holidays. As a result, the carriers make adjustments to their networks. And to ensure they’re as profitable as ever, both UPS and FedEx implement “Peak” ...

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Jul 26

2024

Types of Freight Contracts

Posted: Jul 26, 2024

Freight contracts are the foundation of the logistics and transportation sector. They govern every detail of every shipment and protect parties throughout the supply chain. They serve as legal parameters for shipping relationships and payments, and they are fundamental for businesses managing risks and ...

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Jul 23

2024

7 Steps to Achieve Better Freight Cost Optimization

Posted: Jul 23, 2024

The transport of goods for U.S. businesses totaled $1.2 trillion in 2021, including $32.4 billion for ocean freight, $52.7 billion for air, $88.3 billion by rail, and $830.5 billion by road.  How big a slice is freight taking from your company’s budget? On average, transportat...

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Jul 11

2024

7 Strategies for Reducing Freight Costs

Posted: Jul 11, 2024

If you think your hefty freight costs are doomed to stay sky-high forever, you’re in for a pleasant surprise. Freight costs account for up to 1...

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Jul 02

2024

Freight Rate Forecast 2024

Posted: Jul 02, 2024

In recent years, the freight and logistics industry has experienced continual and significant fluctuations. The lingering effects of pandemic-era shutdowns and scarcity continue long after the astronomical rates began normalizing again in 2022 and 2023. But, rather than hitting an equilibrium, excess carrier inventory...

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May 30

2024

The Power of Leveraging Shipping Data

Posted: May 30, 2024

Your product is the heart of your business, which makes your shipping and delivery system its vital pathways.  The data held within those pathways holds the power of logistical optimization—and it goes largely untapped by many organizations. Shipping data can illuminate opportunities for increased customer satisfac...

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