Shipping containers move 95% of the worldwide cargo. The major shipping companies worldwide play a vital role in moving these cargoes across geographies. Shipping lines carry the responsibility of moving critical and essential goods across the globe; every economy is highly dependent on them. In America, maritime vessels account for 40% of U.S. international trade…
According to research by Texas A&M, 80% of shippers usually overpay for their freight. This can significantly hurt their bottom line considering over 50% of their expenditures go into transportation. For this reason, many shippers are adopting innovative strategies for auditing their freight payments, including using freight invoice auditing software. In recent years, there has…
Online shopping for heavy and large delivery products like furniture, appliances, and wholesale electronics is growing more popular as people rush to e-commerce platforms for purchases. According to a Statista analysis, the global market volume for furniture and appliances in e-commerce was $383.2 billion in 2020. Small packages are easier to send than large delivery…
The global supply chain trends are a result of the quickly developing logistics industry and keeping up with the current era’s rapid technological breakthroughs. Although it can be challenging for supply chain managers and business executives to keep up with these developments, doing so is essential to maintaining the resilience of your supply chain and…
The time between placing an order and when it is delivered is known as the “delivery lead time” in the supply chain. It is crucial for supply chain management and can be a useful metric for handling logistics and inventories. There are three supply chain scenarios where accurate delivery times are important. They first give…
The changing schedules of millions of vessels make shipping more difficult for importers and exporters each year. For any stakeholder in the supply chain, managing all these vessel delays can be challenging and expensive. Having the most recent sailing schedule is maybe the most crucial edge you can provide yourself over other freight forwarders in…
Amazon’s Fulfillment by Amazon (FBA) service allows third-party vendors to store their products in Amazon’s fulfillment centers while Amazon picks, sorts, packs, ships, keep track of, and handles returns and refunds. As an Amazon FBA seller, you are not responsible for the cost of packaging, handling, or shipping your products. You are assessed an FBA…
According to the number of domestic TEUs and total tonnage they handled, we will examine the largest sea ports in the USA. This list of seaports in the U.S. ought to provide you with a clear picture of the facilities’ overall capability. The vast majority of global trade takes place above the waves of the…
In our series so far, we have covered “what are demurrage charges and how to avoid demurrage charges” besides talking about “new methods to reduce demurrage detention charges”. This article will discuss the number of free days available across all the major sea ports in USA that can be used to avoid paying hefty demurrage…
What are Demurrage Charges? Shipping lines either own or lease containers, which they give to their clients (shippers or traders) for secure and timely delivery of their merchandise. Because the cost of operating the container during door-to-door transportation is added to the shipment, shipping lines must turn their containers around as quickly as feasible. As…