The BAS often differs from customer to customer, depending on factors such as cargo type, nature of the commodity, overall container volumes that the customer controls, regularity and consistency of cargo flow, corridors involved, routing, equipment size and type, strategic importance to the Containe...
3. Finding the best rates Looking for the best freight shipping rates can be time-consuming when not equipped with the right tools or processes. Often times, shippers have contracts in place (hindering flexibility) or have to make multiple phone calls just to find the best rate for one shipm...
Shipping costs have risen recently, driven up by factors such as fuel prices, labor costs and port congestion. This has led to businesses frequently underestimating them. This is why calculating your Landed Cost is important. It’s essentially all the costs associated with getting your products...
3.Additional Handling Fees When it comes to packaging, there are many factors that can end up costing you with carriers. Parcel carriers have very specific size and weight requirements for their standard rates. If your shipments go above those requirements, you’re going ...
1. Excessive investments in IoT adoption can be costly One of the biggest hurdles for shippers, freight forwarders, and logistics managers is the introduction of IoT devices into the value chain. Typically, such items are fundamental to the modern ‘smart factory’ and key to smarter logistics ...
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Many importers of record or freight forwarders also choose to ship with NVOCCs because they offer flexible contracts as well as more reliable services, given that they constantly monitor the activities of major carriers for any factors that could disrupt or delay movement, such as blank sailings....
According toSouth China Morning Post, Shanghai aims to lower down restrictions on June 1. However, the production backlogs could lead to airfreight congestion in the coming weeks as they decide to loosen the pandemic restrictions. Despite this, the vast majority of shops, restaurants, and enterpr...
A service level agreement (SLA) is an informal agreement or contract between a customer and a supplier. This contract defines the required services a supplier provides. It can also define the following factors for physical products: Contingency arrangements ...
Having established that regional prices or freight rates are co-integrated, usually based on the test methodology of Johansen (1991), most of the above studies proceed to model them jointly in the Vector Error Correction (VEC) model framework (see, for instance, Veenstra and Franses, 1997; La...