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Pitfalls of digitalisation in shipping and freight

Shipping and Freight Resource

Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. Whether digital or manual, the business of shipping involves a lot of documentation. Let’s take a quick look at what these terms mean and what it is all about.

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The State of The Freight : Unique Challenges and Novel Solutions

Shipping and Freight Resource

2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port congestions along with the usual documentation and visibility issues that we have been facing for years. Take the survey.

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Transforming 3PL Warehousing with EDI

Camelot 3PL Software

This automation not only reduced human error but also significantly improved the speed and accuracy of business document exchanges. Among the first integrated systems using EDI were Freight Control Systems , with one notable example being the London Airport Cargo EDP Scheme (LACES) at Heathrow Airport in 1971.

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3 Reasons Why the Post-COVID Era Will Help Freight Forwarders Increase Market Share

MTS Logistics

the Inventory to Sales Ratio went up to 1.68 This was a real stress test for all importers/exporters’ supply chains, and its main providers – ocean carriers, freight forwarders, truckers, and warehouses. Freight rates from Asia to the U.S. In the U.S., during May and then saw a free fall. Here are the reasons why.

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Is Freight Broker TMS Accurate? No. It's More a Freight Broker Operating Business Ecosystem

Turvo

Freight brokers face a perilous future of uncertain profitability. According to TruckingInfo , “gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions allowed brokers to stay profitable.” In response, more companies want a freight broker TMS. in the third quarter of 2019.

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The Weekly Freight Report for September 24, 2020

FLS Transport

The Top 7 Stories in Freight. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. August Cass Freight Index Indicates Strong Freight Recovery. Earnings Poised to Surge in 2021. and Canada.

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DFB Tech Stack: Invoice Reconciliation

Parade

In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally. Key Features: Basic Auditing.