Keeping transportation costs down in today’s market is a challenge for any business, particularly for smaller companies. Contract pricing helps to keep shipping costs more consistent because they are long-term rates for regularly scheduled volumes of freight. What are Contract Rates? Contract rates are also known as primary or dedicated rates. When looking for shipping […]
As e-commerce continues to skyrocket, the logistics industry has faced unique challenges that have forced businesses to rethink what services they handle in-house. Many companies, particularly small- and medium-sized ones, have chosen to work with a 3PL (Third-Party Logistics company). Companies that want to optimize their supply chain choose to partner with a logistics provider […]
Information sharing is key to a successful supply chain, particularly one that is global. Technology can be used to make data collection and sharing a priority for your business. The use of RFID (Radio-Frequency Identification) technology in the supply chain allows for real-time efficiency and visibility. RFID can solve some supply chain challenges such as […]
Reverse logistics is one of the most complex parts of a supply chain. The drastic increase in e-commerce purchases over the last few years coupled with more demanding customer expectations has made returned goods a regular occurrence for retailers to handle. It is estimated that UPS alone will have handled 60 million returns by the […]
The airfreight market shows no signs of slowing down, with many industry leaders indicating a growth trajectory. Delays on the ocean shipping lines have sent many retailers to air freight. In 2021, airfreight had a strong recovery after the aftermath of the start of the COVID-19 pandemic. Air freight demand dipped in January of this […]
Dear Valued Customer, The Ports of Long Beach and Los Angeles have implemented a new Clean Truck Fund (CTF) Rate that they will begin collecting on April 1, 2022 of $10 per twenty-foot equivalent unit ($20 for containers longer than 20 feet). This CTF rate will be assessed on loaded import and export cargo […]
Under the lockdown that started on 14 March, public services and daily supplies are operating, however, city transportation has been suspended. The regional container hub, Yantian International Container Terminal announced that it maintained normal operation since the escalation of local Covid-19 prevention and controls and is making great efforts to keep the supply chain running smoothly […]
Global supply chains have become increasingly complex and with that comes more cybersecurity threats. As threats to the supply chain have increased significantly over the past two years, companies are realizing that cybersecurity must become a priority. The average cost of a security breach is $36,000, but the financial cost is minimal compared to the […]
The Russian invasion of Ukraine has already disrupted supply chains that are still recovering from the COVID-10 pandemic. The worsening situation between Ukraine and Russia will have a significant impact on international shipping and logistics, particularly with delayed deliveries, higher costs, and transportation challenges. Energy Prices Are on the Rise Revenues from energy are […]
The current capacity constraints and high shipping costs mean that companies are looking for alternatives for some of their shipments. LTL, or Less-Than-Truckload Shipping, has been around since the 1980s, but an increasing number of companies are realizing the many benefits it offers. What is Less-Than-Truckload Shipping? Less-Than-Truckload (LTL) is a method of transportation for […]