How to Increase Freight Forwarding Profit Margins
40%, a pretty high profit margin achieved by the top 5 freight forwarding companies. However, most freight forwarding companies have profit margins of only 6-10%. You may be wondering what you need to do to increase the percentage of your freight forwarding profit margins.
How Real-Time Container Tracking is a Life-Enhancing Technology For Freight Forwarders
There are many challenges that freight forwarders face when it comes to container shipment tracking, but they all revolve around one central demand: real-time shipment visibility. What is real-time container tracking and what are the benefits of it?
How Your Competitiveness in 2021 is Dependent on Freight Forwarding TMS
Forwarders are beginning to recognize the importance of utilizing technology in order to gain a competitive edge. In the freight forwarding industry, where time is of the essence, a freight forwarding TMS can significantly reduce your daily workloads. It will enable you to eliminate manual processes, reduce human error, and better manage your time.
Top 10 Freight Forwarding Industry News Websites To Follow in 2021
The pandemic has accelerated years of digital transformation in a matter of months, and it’s far from over. Where can you get the most up-to-date information on freight forwarding trends, technology and insights?
How Freight Forwarders Can Overcome Port Congestion Challenges
Because of Covid-19, the entire year has been the peak shipping season, resulting in a serious problem, port congestion. What are the existing challenges of port congestion and what can freight forwarders do to overcome these challenges?
Everything Freight Forwarders Need Know About eAWB
Since January 2019, when eAWB became the default contract of carriage for all air cargo shipments on approved trade channels, market penetration has been rapidly expanding. Freight forwarders are adopting eAWB not only because it has become the de facto standard, but also because of the benefits it offers: increased productivity, reduced costs, improved customer service, and many more.
A Complete Guide to the Electronic Bill of Lading Era
Aside from the cost savings, imagine not having to sort through paperwork and filing cabinets. Recognizing the benefits of electronic bill of lading, industry leaders are more likely to push for this digital transformation. Why not take advantage of the new opportunities created by the use of an electronic bill of lading?
Creating Your Freight Forwarding Business Plan in 2021
Business plans are like roadmaps: while it’s possible to travel without a roadmap, you are more likely to get misguided along the course of creating your freight forwarding company. Business plans help you to plan ahead, and make sure that you are going in the right direction.
Top 7 Freight Forwarding Seminars For Air and Ocean Freight
Learning is a career-long process for every freight forwarder. In a complex and fast-paced industry like logistics, it’s even more essential that you keep your knowledge up-to-date — for the sake of your business growth and success. Freight forwarding seminars offer great opportunities for attendees to hear from people at the forefront of the changes on the horizon.
5 Data Analytics Tools for Logistics and Transportation
Today, NVOCC & Forwarding businesses, irrespective of their sizes, are using freight forwarding analytics tools to determine how data can be leveraged to spot opportunities and solve crucial problems. As logistics data analytics has become more accessible and user friendly, the process of pulling data and analyzing it to accelerate business growth has never been […]