The Dollar Value of Technology in Logistics

Every freight forwarder knows that the logistics industry is mostly driven by the price. In such a highly competitive market, any opportunity to improve profit margins should not be missed. Technology can significantly improve efficiencies internally, resulting in greater profitability. These improvements mostly come from the reduction of manual processes –  time-consuming and error-prone. For […]

Why Do Freight Rates Change So Often?

In the previous post “Pricing Challenge for Container Shipping” we mentioned that it’s not an easy task to manage freight rates. This is because the transportation costs consist of up to 25 various charges, and shipping companies have to put up with enormous rate volatility – up to 50 rate revisions per year. Looking at the whole transportation process, it […]