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Innovative Synergies: Logistics Tech Lessons from Other Industries

Freightos

And when rates plummeted in early 2023, carriers saw importers no-show on their volume commitments in favor of the less-expensive spot market. Here, again, ocean freight is looking to examples from other industries for tested solutions to recurring problems. But this problem isn’t new.

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Freight Classification Errors, Re-Weighs, & Other Common Freight Adjustments Are Eating Your Bottom Line’s Lunch

GlobalTranz

There is a strong relationship between mismanaged supply chains and transportation and loss of profits, as an effectively structured supply chain will reduce business operation expenses. As we said in our freight claims series, knowledge is power in avoiding errors that may drive up your transportation costs unnecessarily.

Freight 244
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Utilizing Best-Practices to Create the Holy Trinity of Freight Accounting

GlobalTranz

That's why it's vital for shippers to keep freight accounting best practices top of mind during this period of a slow-growing economy. Obviously, truck-related costs continue to dominate the industry’s expenses, and shippers will need to find a way to drive these costs down. How Will Freight Invoice Consolidation Impact the Industry?

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10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

GlobalTranz

So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips. Routing guides optimize freight lanes and remove excess shipping costs.

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4 Benefits Shippers Realize when Transportation EDI is Utilized in a TMS

GlobalTranz

But let’s start with Cost Savings anyway: Expenses associated with paper, printing, reproduction, storage, filing, postage and document retrieval are all reduced or eliminated when you switch to transportation EDI transactions, lowering your transaction costs by at least 35%. for an order processed using EDI.

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11 Best Practices to Ship Parcel Like a Pro

GlobalTranz

However, that does not mean all shippers must face the challenges to ship parcel at their expense. Rather than giving up, shippers need to consider what Amazon and the big box giants have done right and apply these concepts as part of a robust parcel shipping strategy. Purchase Insurance. Use International Symbols for Labels.

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10 Areas of Focus to Gaining “Best in Class Shipper” Status For LTL Shipping: An Overview

GlobalTranz

As a 3PL focused on transportation management , and especially LTL freight management , Cerasis is well positioned to help you achieve the "Best in Class Shipper" status. . Shipping freight inherently comes with a large amount data. Freight Spend Management. Shipping Strategy. The answer is your business strategy.