TransAudit

MAY 31, 2023

Importance of an Accurate Bill of Lading An accurate and complete bill of lading is essential for several reasons: It serves as a legal document and evidence in court: A bill of lading can be used to settle disputes and enforce the terms of the shipping agreement.

Compliance 77

Compliance Freight Document Logistics Network Optimization Software 77

Commercial Carrier Journal

DECEMBER 14, 2020

In simple terms, a Fair Market Value (FMV) lease gives a fleet use of an asset for an agreed upon number of months under a set of contractual terms. Payments are typically made monthly and the length of the lease will vary depending on the asset’s duty cycle. Since a FMV lease is referred to […].

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59

RPA Labs

DECEMBER 2, 2021

Intelligent Audit explains: “Up to 80% of all carrier freight invoices contain discrepancies, resulting in a 10%+ loss through invoice overpayments. These discrepancies range from missed points on invoices to incorrectly assigned liability or to delays in payments. Universal Compilation of Invoices Across All Carriers.

Supply Chain Software 77

Supply Chain Software Supply Chain Design Software Automation Freight 77

Ship Monk

JANUARY 31, 2024

For example, our advanced 3PL platform looks after every aspect of your supply chain in an efficient, effective way and our Virtual Carrier Network safeguards your shipping by always applying the best rates and speeds while not handcuffing you to any carrier. If this happens, at worst, client data and payment information is stolen.

eCommerce 79

eCommerce Security Supply Chain Planning Software Supply Chain Design Software 79

CLX Logistics

JULY 14, 2023

In the complex world of chemical shipping and logistics , understanding the intricate dynamics of the National Motor Freight Classification (NMFC) and associated factors can significantly influence overall transportation spend for less-than-truckload (LTL) carriers and shippers. Sarah Napolitan is a Carrier Program Manager for CLX Logistics.

Optimal Sourcing 95

Optimal Sourcing Procurement Purchasing Skills Packaging 95

ShipLilly

MAY 12, 2022

The bill of lading is a legal document that a carrier issues to a shipper. The implied contract is that the carrier will turn over the goods to the consignee or receiving party. This type of BoL would be used if goods are already paid for or do not require payment on delivery. It also includes the delivery addresses.

Document 98

Document Negotiating Skills Negotiate Pricing Buyer Training 98

TransAudit

JUNE 22, 2022

With so many shipments coming and going, it makes dollars and sense to keep an eye on your shipping carriers and the invoices, which is easier said than done. Even the largest and most resourceful businesses lack the time and ability to efficiently audit their carriers. What Types of Reports Can the Audit Provider Offer?

Cost Reduction 52

Cost Reduction Resource Reduction Logistics Network Optimization Software Inbound 52

Globalior

DECEMBER 25, 2020

Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibilities and cost allocation between buyers and sellers in shipping transactions. Not all terms are created equal and some can only be used for ocean transport.

Buyer Training 52

Buyer Training Freight Purchasing Skills Negotiating Skills 52

Parade

MAY 6, 2020

This has been especially challenging for freight brokers and their carriers as freight volumes have declined. Spot freight is like equities - volatile and more of a bet, while contract freight is like mutual funds - longer-term growth opportunities. Know your carriers. The opportunity to do so has never been better.

How To 125

How To Cost Reduction Expense Reduction Negotiating Skills 125

GoShip Blog

JULY 8, 2022

Truckload carriers are indispensable to the success of your business. E-commerce greatly depends on truckload carriers to move goods from one place to the other. The structure of the current trucking market gives truckload carriers the upper hand since the demand for shipping services significantly exceeds the available capacity.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Software Price Reduction 52

TransAudit

AUGUST 29, 2023

Notable Acquisitions Acquisition of Roadway (2003): This acquisition was strategic for Yellow, but integrating two massive LTL carriers came with challenges. Missed benefit payments were alarming, but the Teamsters strike notice dealt the devastating blow. The company had witnessed multiple transformations in its journey.

Negotiating Skills 88

Negotiating Skills Purchasing Skills Price Reduction Freight 88

Freightera

SEPTEMBER 26, 2023

New Options for Freight Shipping: Ship Now, Pay Later Freightera’s Quote Machine is your go-to for instant, all-inclusive freight quotes from hundreds of reliable carriers. Flexible Payment Terms: Choose to break down your payments over 12 to 52 weeks. Don’t hesitate to ask us for help.

Freight 39

Freight Blog Availability Reliability 39

Parade

FEBRUARY 8, 2021

Digital Freight Matching Marketplace (DFM Marketplace) is a newly coined term that can be used to describe traditional load boards. These marketplaces enable freight brokerages to find new carriers, share freight opportunities, and discover capacity options. Brokers: Find Carriers & Post Loads. Benefits of DFM Marketplaces.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

Overdrive Online

SEPTEMBER 24, 2019

The Melio payments/collections service offers small trucking businesses and brokers the ability to cut a check or directo deposit to a vendor from a bank-account/debit source for no fee -- 2.5 Similar terms apply for use of the service for easing collections between small businesses, whether carrier or broker.

Cost Reduction 48

Cost Reduction Vendor Strategies Sourcing Trucking 48

GlobalTranz

DECEMBER 8, 2021

Terms for submission. Also, ask for payment and billing terms, deadlines and length of commitments. Common KPIs in a carrier relationship include on-time performance, least-cost carrier compliance and cost per lb./mile. Consider providers with a diverse mix of carrier size and coverage. Objectives and goals.

Supply Chain Planning Software 90

Supply Chain Planning Software Freight Network Optimization Software Supply Chain Software 90

Ship Monk

JANUARY 9, 2024

Optimizing your website for mobile and offering mobile wallets and easy payment apps are more important than ever. Our Virtual Carrier Network allows brands to leverage an expanded shipping network and carrier-agnostic methods that provide savings and flexibility while mitigating risk.

eCommerce 91

eCommerce Trends Optimization Software Optimal Sourcing 91

Parade

FEBRUARY 8, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options Digital Freight Matching Marketplace (DFM Marketplace) is a newly coined term that can be used to describe traditional load boards. Brokers: Find Carriers & Post Loads. Benefits of DFM Marketplaces.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

Parade

FEBRUARY 8, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options Digital Freight Matching Marketplace (DFM Marketplace) is a newly coined term that can be used to describe traditional load boards. Brokers: Find Carriers & Post Loads. Benefits of DFM Marketplaces.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

Parade

FEBRUARY 8, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options Digital Freight Matching Marketplace (DFM Marketplace) is a newly coined term that can be used to describe traditional load boards. Brokers: Find Carriers & Post Loads. Benefits of DFM Marketplaces.

Negotiating Skills 78

Negotiating Skills Price Reduction Expense Reduction Cost Reduction 78

GlobalTranz

FEBRUARY 18, 2022

Labor shortages will have a lasting effect, effectively reducing capacity for carriers and terminals. Currently, the driver situation in LTL is not as critical as the over-the-road market, primarily because LTL drivers can spend more time at home, but carriers still don’t have the drivers they need. Tightened Capacity. Consolidation.

Trends 91

Trends Cost Reduction Resource Reduction Inventory Reduction 91

Turvo

SEPTEMBER 10, 2021

Accounting visibility is a term that can get thrown around a lot when it comes to logistics service providers. That includes tracking the full shipment lifecycle from invoicing through payment status as part of the accounts payable process. Faster payment processing. Automated invoice management.

Expense Reduction 80

Expense Reduction Waste Reduction Cost Reduction Supply Chain Software 80

Logistics Business Magazine

APRIL 3, 2023

As a leading cloud-based transportation management platform, Transporeon provides modular applications that power a global network for more than 150,000 carriers and 1,400 shippers and retailers with an integrated suite of best-in-class sourcing, planning, execution, monitoring and settlement tools.

Supply Chain Planning Software 56

Supply Chain Planning Software Logistics Network Optimization Software Modeling Software Supply Chain Software 56

Logistics at MPEPS at UPV

MAY 21, 2023

Your inland carrier is the truck or carrier company that picks up the goods and transports them to and from the warehouses and ports on both sides of the journey. The international carrier can be a truck, train, ship, or plane. A freight forwarder can also provide assistance with insuring your goods against loss or damage.

Definition 52

Definition Buyer Training Freight forwarding Packing 52

GlobalTranz

SEPTEMBER 23, 2021

The extra demand amounts to a greater need of balance between the two, resulting in spillover in the LTL market as shippers try to keep rates in check and carriers try to maintain high-profitability in moves.? . Over the past year, the prospect of additional stimulus payments has further challenged the trucking industry.

Optimal Sourcing 123

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Supply Chain Software 123

Transporeon

MAY 8, 2018

To hold onto current capacity and to gain needed additional capacity, it is now more important than ever for shippers to proactively work with their carriers to gain “preferred shipper” status. Realistically, it all comes down to treating carriers with respect – the same level of respect you expect from your vendors.

Capacity 61

Capacity Cost Reduction Vendor Strategies Expense Reduction 61

Airfreight Logistics

SEPTEMBER 14, 2020

Delta Cargo has partnered with the online payment platform PayCargo and Unisys to offer customers an additional option to pay for their shipments’ destination charges. PayCargo is the world’s leading online payment platform for the air cargo and shipping industry. is now available. Lionel van der Walt,?President

Logistics Network Optimization Software 46

Logistics Network Optimization Software Cargo Cost Reduction Collaboration 46

Freightera

SEPTEMBER 26, 2023

New Options for Freight Shipping: Ship Now, Pay Later Freightera’s Quote Machine is your go-to for instant, all-inclusive freight quotes from hundreds of reliable carriers. Flexible Payment Terms: Choose to break down your payments over 12 to 52 weeks.

Freight 26

Freight Blog Reliability Security 26

FreightWaves SONAR

JANUARY 5, 2021

Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time.

Cost Reduction 105

Cost Reduction Waste Reduction Expense Reduction Price Reduction 105

MTS Logistics

NOVEMBER 3, 2023

Meanwhile, Union Pacific’s CEO Lance Fritz cites inflation, high inventory levels, and weak consumer spending as near-term challenges. government was giving out cash payments and people started ordering products for their new home offices, hobbies, and living rooms. Fewer ocean orders mean less freight arriving into the U.S.

Freight 83

Freight Government Trucking After-sales 83

Globalior

JUNE 11, 2020

In simple terms, a Seaway Bill is a B/L that does not confer title to the goods. The carrier only has to ship and release the cargo to the entity identified in the Sea waybill regardless of whether that entity possesses the original Bill of Lading or not. What is a Bill of Lading? They can also be issued by the Captain of a vessel.

Document 52

Document Cargo Conference Packaging 52

PINC

AUGUST 24, 2020

truckload carriers and quantitatively measure the effects of “favored shipper” characteristics on transportation costs. Carriers most frequently commented on shipper and consignee dwell time and the influence shippers have on the carrier’s ability to utilize their drivers and assets (trucks and trailers), the report notes.

Price Reduction 52

Price Reduction Cost Reduction Digital Supply Chain Design Software 52

Logistics at MPEPS at UPV

MAY 7, 2022

In our last class, professor Jose made an introduction about the International Commercial Terms (Incoterms) and their importance in worldwide interexchange of goods and services. Category E (Departure), which contains only one trade term, i.e. EXW (Ex Works). The Incoterms are divided into four principal categories: E, F, C and D.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Definition Document 52

United World Transporation

AUGUST 8, 2019

What this leads to is the negotiating power sitting with the carrier. In response to higher refrigerated capacity demand, dry van carriers, railroads, and LTL carriers also push for rate increases. In response to higher refrigerated capacity demand, dry van carriers, railroads, and LTL carriers also push for rate increases.

Capacity 76

Capacity Negotiating Skills Refrigeration Reliability 76

20Cube Logistics

NOVEMBER 16, 2020

It is generated as per the terms and conditions agreed between the parties through a recognized medium such as email, fax, telephone or in a meeting. of the goods to decide customs import value at the destination port and also to decide on freight insurance, terms of delivery, payment etc. Shipping bill. Letter of credit.

Document 52

Document Manufacturing Procurement Purchasing Skills Packing 52

Parade

MAY 7, 2020

This has been especially challenging for freight brokers and their carriers as freight volumes have declined. Spot freight is like equities - volatile and more of a bet, while contract freight is like mutual funds - longer-term growth opportunities. Know your carriers. The opportunity to do so has never been better.

How To 78

How To Cost Reduction Expense Reduction Negotiating Skills 78

Transporeon

MAY 7, 2018

To hold onto current capacity and to gain needed additional capacity, it is now more important than ever for shippers to proactively work with their carriers to gain “preferred shipper” status. Realistically, it all comes down to treating carriers with respect – the same level of respect you expect from your vendors.

Capacity 48

Capacity Vendor Strategies Expense Reduction Cost Reduction 48

Logistics Business Magazine

JULY 15, 2022

Self-employed delivery drivers are the lifeblood of these businesses, heading out on daily routes for a variety of carriers and making sure that parcels get to their intended destination.

Logistics Network Optimization Software 58

Logistics Network Optimization Software Cost Reduction Document Digital 58