Freight forwarding is a complex and dynamic industry where negotiating freight rates with carriers is a critical aspect. Successful negotiation can significantly impact a freight forwarder’s profitability and service quality. Here are some essential tips for independent freight forwarders to negotiate better freight rates with carriers. Understanding the Market Before Independent Freight Forwarders Start Negotiating…
The primary objective for all small and mid-sized logistics companies is business expansion. This growth entails acquiring new customers, hiring additional employees, establishing branch offices, and ultimately increasing revenue. However, attracting more customers and enhancing the company’s profitability requires strategic investment in key areas. With the rise of digital freight forwarders, the logistics companies are…
Today’s blog is all about the broader scope of document digitization within international logistics and freight forwarding industry and the entire supply chain ecosystem. Keep reading to remain abreast of the latest advancements in document digitization, recognizing the prevalent trend of integrating existing systems within transportation and logistics. Our focus is on delivering essential insights…
As the need for climate action intensifies, companies are reshaping their logistical processes within a sustainable framework that encompasses warehousing and transportation. Aside from establishing eco-friendly work environments, the transportation and logistics industry has started various initiatives aimed at reducing its environmental impact. Sustainable logistics and supply chain management can help independent freight forwarders achieve…
In an era of digital freight forwarding, the traditional logistics companies are actively seeking ways to close the gap and remain competitive with the big names in the industry. By embracing innovative technologies and adopting new strategies, established freight forwarders are finding opportunities to leverage their expertise while staying ahead of the curve. This article…
There are several ways in which logistics companies can cut costs and increase their profitability. However, in the present scenario, one of the best opportunities for logistics service providers to reduce expenses is to effectively deal with the problem of rising fuel costs in an innovative way. Companies in the transportation and logistics sector have…
Inflation made a comeback in 2022 and consumers all around the world had to deal with price hikes the like of which were never seen before. Following decades of relative calm, the cost of commodities in the US has spiked to the level that was last seen during the great inflation of the 70s and…
In the last three years, the pandemic impacted the normalcy of global logistical operations as a result of which the supply chain industry had to contend with severe disruptions, container shortages, port congestion, hike in spot rates, and sudden changes in demand among other things. Right now we can confidently expect that the pandemic is…
The transportation and logistics sector can greatly benefit from efficient route planning software that can ensure timely deliveries while cutting down on the expenses. The route optimization systems help freight forwarding companies figure out the most efficient routes for sending several deliveries to a number of locations within the least possible time and covering the…
The success of a freight forwarding company largely depends on two primary factors- the company’s knowledge and experience in the sector and its ability to relate to people and provide them with the best solutions. Therefore, aspects such as networking and the effective management of contacts are vital tools that can help independent freight forwarders…