The Perks of Sourcing Domestically
In this global economy, it’s easy to look far and wide for sourcing, especially when the information is at the tips of our fingers. Modern supply chains are built around international sourcing philosophies. Historically, by importing materials and products, a company could reduce their production costs. However, if you are a business looking to s ... Read More
January 29, 2018 inventory control, logistics, suppliers, transportation costsPort charges and their impact on business
Globalisation provides businesses with easier access to international markets. It affords companies the ability to readily purchase goods from international suppliers or to export to foreign buyers. This means, that ocean freight is now a significant part of the many factors affecting inventory management. Competition in the global logistics indust ... Read More
December 2, 2017 freight, freight costs, port charges, transportation costsAre Your Freight Charges Affected By These Trends?
The freight transportation industry has seen many challenges, particularly in the last decade. We provide a snapshot of the industry’s current trends by identifying these changes and challenges and how they affect freight charges today. Related Freight charges This is good news for heavy users of freight. With the increased purchases of trucks fo ... Read More
August 14, 2017 freight, freight costs, transportation, transportation costsPort charges and their role in the small business budget
The transportation of goods incurs multiple different fees which can add up and represent quite a cost to the company. It is important to research these costs from the outset and factor them into your billing structure so that they can be easily absorbed. Let’s look at port fees and consider how they may affect […] ... Read More
July 22, 2017 business processes, logistics, port charges, transportation, transportation costsA penny saved is a penny earned: How this extends to freight costs
Running a business can be a tricky one, especially when it comes to trying to save money and keeping the bottom line flourishing. Often the things that can eat away at the bottom line are essential running costs which often go unnoticed. One of these cost categories is freight costs. Keep reading to learn how […] ... Read More
July 20, 2017 business processes, freight, freight costs, logistics, shipping, transportation costsDealing with the blows of uncertain transportation costs
Keeping your small business afloat in the global market against big players is no small feat. It can be exhausting and tumultuous, being battered by every rise or drop in the markets, different currencies and most importantly, the cost of fuel. Fuel costs are often the culprit for unexpected transportation costs. Here we investigate some […] ... Read More
July 18, 2017 inventory storage, less than truckload, LTL, transportation, transportation costsEight Ways to Cut Freight Charges
Part of operating a business is providing something for someone else for a charge. Now unless you provide services, it is likely that a significant proportion of your operations involves bundling up stock, booking couriers and sending it out to customers. There are many types of freight and modes of transport all with differing logistics. [… ... Read More
July 12, 2017 freight, freight costs, inventory management, less than truckload, logistics, LTL, port charges, shipping, transportation costsA Primer on Port Charges: How Port Charges Affect Your Business
The cost of shipping inventory can be significant – depending on your market position, your business may bear the transportation costs for inbound materials, outbound finished goods or even both. Although it is worthwhile understanding what factors affect transportation costs, port charges can be particularly difficult to understand. What are ... Read More
July 4, 2017 logistics, port charges, shipping, transportation costsThe Many Variables Affecting Freight Charges
There are a range of factors that can influence the cost of freight transportation. Some of these factors can cause an increase in the cost of shipping rates, which can have a negative affect on your business. Below, we summarize the factors that may influence freight charges, from decreased freight volumes to international affairs and […] ... Read More
June 13, 2017 business management, freight, freight costs, shipments, transportation costsFive Strategies to Reduce Freight Costs
For businesses that deal in large quantities of inventory, transportation costs can have a significant impact on profitability and growth. Transport costs can be mystifying for many businesses, with a number of different freight products, classes and highly dynamic costs. Although it pays to plan for cost spikes, the best strategy to reduce the fin ... Read More
May 24, 2017 freight, freight costs, logistics, shipping, transportation costsUncertain Transportation Costs: An Opportunity to Become More Efficient
Uncertainties in transportation capacity, underlying costs and demand mean that the cost to merchants can be difficult to understand and plan for. ... Read More
May 1, 2017 efficient inventory management, increase lead times, lean inventory, ship off-peak, transportation costs