Like your industry, the logistics world saw some big changes in 2018, with more on the horizon for 2019. By way of review, here are a few of the things we're keeping an eye on:
Less than truckload shipping, or LTL, fits an important niche in the shipping industry. When a company needs to ship freight that is more than a parcel carrier can accommodate yet not large enough for a dedicated full truck, LTL can be a great solution.
The evolution of technology has been pushing boundaries and changing protocols in every aspect of our personal and professional lives. The logistics industry is no exception. The transaction cycle is becoming more streamlined by integrating with various technologies to improve accuracy and efficiency — from point A to point B.
Moving freight from point A to point B, from Port of Savannah shipping to Jacksonville for example, seems like a no-brainer. All you have to do is pack and load it up, and then send it on its way, right? Wrong.
Several factors come into play when determining the shipping cost of your freight. Among them are the type of transportation and freight class you are using. Your freight's ultimate destination and delivery time also impact the cost. And don't forget to add in fuel, mileage, and charges for any other equipment or services you might require.
Topics: The Costs of Shipping
The supply chain model of the 1970s mainly involved local suppliers and physical retail stores, where goods went straight from the suppliers to the retail stores. In the 1980s, retail distribution centers popped up. Suppliers shipped goods to the centers which functioned much like airline hubs, and retailers then distributed goods to individual stores in the region. Imported goods were added to the mix in the 1990s, which created the need for retail import centers.
How Much Is Lost or Damaged Freight Really Costing You?
Lost cargo is a serious problem that can severely affect your business' bottom line. Across the globe, cargo loss is estimated to cost more than $50 billion annually. However, this number can be slightly misleading, and in fact, most shippers tend to vastly underestimate the amount that lost or damaged cargo costs them each year.