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 ...
Continue ReadingJul 26
2024
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...
Continue ReadingJul 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...
Continue ReadingJul 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...
Continue ReadingMay 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...
Continue ReadingMay 30
2024
How to Master Freight Rate Negotiation
Posted: May 30, 2024
Land, air, sea—the shipping networks sprawled across the world are what make it go round. As a business leader with cargo of your own, you’ll spend more time than the average person contemplating freight shipping logistics and rates. These rates can pack a punch—especially if you’re unfamiliar with the freight...
Continue ReadingMar 28
2024
What is Multimodal Shipping?
Posted: Mar 28, 2024
To keep up with the rapidly shifting world of logistics, understanding the varied nuances of different shipping methods is tantamount to optimizing supply chain efficiency. Multimodal shipping is one of the most prominent and versatile logistical tools available to businesses for its cost-effectiveness and reliable blending of transportation methods. ...
Continue ReadingMar 10
2024
What is FedEx One Rate?
Posted: Mar 10, 2024
FedEx One Rate is a simplified, flat-rate shipping option designed to maximize business performance while enhancing customer satisfaction. This guide will delve into what makes FedEx One Rate a compelling choice for businesses and individuals alike, offering insights into its structure, benefits, and how it stands o...
Continue ReadingMar 10
2024
How to Optimize Your Supply Chain Costs
Posted: Mar 10, 2024
Effective supply chain management is an essential step in enhancing your business performance. To reduce the burden of these complex systems and optimize your supply chain costs, there are essential strategies and innovative approaches to consider. This guide will explore beyond traditional methods, introducing fres...
Continue ReadingMar 10
2024
7 Ways to Improve Your Shipping Processes
Posted: Mar 10, 2024
Contemporary shopping is defined by e-commerce and online retailers—both of which rely heavily on commercial shipping services to send their packages. Modern logistics partners, however, can be more expensive and less reliable than in the past. The United States Postal Service, for example, noted a nearly 5% spike in late deliveries between 2022 and 2023, despite general services costing 24% ...
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