Freight Forwarding Technology: Is it Worth the Cost to Adopt New Technologies?
Similar to all supply chain processes, the freight forwarding industry is undergoing great changes due to new technological advancements and inventions. With the influx of new logistics startups, it is understandable how it could be hard to keep up with all these changes. Forwarders may not even know which freight forwarding technology solutions to include in their tech stack.
3 Ways Technology Assist with Freight Forwarding Risk Mitigation
The logistics industry is experiencing a fast maturation of digital technologies. Logistics providers have to be fast, flexible and adaptable to stay ahead of their competitors and to mitigate risk. By adapting to technology solutions, freight forwarders can mitigate risks in three ways: tracking and relaying shipment status in real-time, accurate rate calculations and utilizing predictive analytics.
What is Co-Loading Freight?
Co-loading is the equivalent of ride-sharing for freight. Co-loading freight could be done in house, subcontracted, or a mix to ensure maximum flexibility and efficiency. As consumers and businesses expect faster shipping, greater customizability, and low shipping fees, freight forwarders must find new transportation methods to maximize their already thin profit margins. Read on to learn more!
3 Things You Need To Know: PierPass 2.0
Pier Pass is used to mitigate port congestion, security and air quality. The organization is also responsible for launching the OffPeak program, imposing the Traffic Mitigation Fee (TMF). TMF is imposed on cargo that were moved out of the ports during weekday daytime. Hence, TMF discouraged truckers from moving their cargo in peak weekday hours. To evolve with the industry’s growth and technological advancement, the organization has developed OffPeak 2.0 which now only imposes a single flat fee.
5 Things To Consider When Starting a Freight Forwarding Business
There are five critical questions that you need to consider before starting a freight forwarding business in order to be successful in the industry. What formal training do you need? Are you suited to this type of business? Who are your potential customers? Who will you be competing against? How to gain a competitive advantage?
Why is Integrating a Modern Freight Forwarding ERP Software Crucial for Your Business Growth?
Those who have never used freight forwarding ERP software may find it difficult to understand why logistics ERP systems could be extremely beneficial to their freight forwarding businesses. As the freight forwarding industry becomes more globalized, it’s essential to make use of any software or tools that may give your business a competitive advantage.
Career Paths in Freight Forwarding
Freight forwarding industry spans a range of career paths with respective daily tasks and responsibilities. Despite the pandemic’s setbacks and supply chain disruptions, global trade is still going strong due to the advancing technology connecting consumers and companies around the world. A career in freight forwarding has never looked better.
What is the Automated Manifest System (AMS)? Simple AMS Filing Guide
Automated manifest system (AMS) was created to collect shipment information formulated by U.S Customs and Border Protection(CBP) in 2004. It includes departure, arrival, and release information between the carrier, freight forwarder, exporter, and importer. Furthermore, documents should be submitted to the US customs with ISF within 24 hours by freight forwarders. What’s the Difference Between […]
Here Are the Top Logistics Technology Trends Freight Forwarders Can Expect to See in 2021
After a year like 2020, many freight forwarders are left wondering what the international shipping industry can expect to see in 2021. In order to better manage the chaos of today’s freight marketplace, differentiate yourself from your competitors, and improve your margins, you’ve got to invest in innovative freight forwarding technology that allows you to offer more reliable service.
How to Find Freight Shippers For Freight Forwarders
“How do freight forwarders find shippers?” The question is as old as the freight forwarding industry itself. Prospecting for freight shippers and generating sales are still some of the most challenging tasks that freight forwarders and sales reps can face. Finding new customers for your business and remaining good customer relationships will be one of the top priorities for freight forwarders.