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Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Signup Now.

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Why Shipping Lead Time Matters in a Tight Freight Market

Zipline Logistics

But with freight conditions like those we have seen throughout most of 2020, building in additional lead time is an even more essential piece of your logistics operational puzzle. In a survey of a variety of shippers, the publication found that “longer transit times were an issue for 87.9 percent of survey respondents, with 70.2

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A Guide to Freight Payment Types, Solutions & Why Shippers Use These Services

Intelligent Audit

The implications of reduced cost in just this one area of processing and freight payment management can have a significant impact on profits. But freight payment remains a very complex and often error-prone process. What Are Freight Payment Services. Freight payment service may also be known as freight audit and payment.

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

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This Week in Logistics News (August 6 – 12)

Logistics Viewpoints

For comparison, they spent $3.4 Wages for truck drivers rose at a double-digit pace last year as companies laid out hefty salaries, bonuses and benefits packages to recruit workers in a market marked by tight labor conditions and high freight demand. But as the pandemic eased, demand softened. In June 2022, Americans spent $2.5

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

According to a survey conducted by the National Retail Federation (NRF) and Appriss Retail, retail returns increased to more than 16%, against 10.6% Reports indicate that returns are higher when products are sold online, with an average return rate of 30% for ecommerce purchases, in comparison with 10% for brick-and-mortar sales.

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How to Build an Ideal Supplier Scorecard

EC Sourcing Group

Some of the most common invoice errors include charging the wrong item price or for the wrong quantity, or charging freight which is not contractually allowed. Invoice errors refer to discrepancies during the invoicing process.