Freight Market Update: September 15, 2023
Asia to North America ocean freight rates were level in the past two weeks. Read on to learn more.
Logistics
Key insights and market updates for logistics and trade.
Freight Market Update: August 30, 2023
Ocean freight rates kept climbing moderately through late August on both the China to US west coast and east coast lanes. Read on to learn more.
Omnichannel Ecommerce & Fulfillment Strategies: How To Guide
Explore omnichannel ecommerce & omnichannel fulfillment strategies, as well as the ways to seamlessly integrate them for an optimal consumer experience.
3PL vs 4PL: What’s the Difference and Which One To Choose?
3PL and 4PL are logistics service providers that offer supply chain solutions. Check out the difference between 3PL and 4PL, and how to choose between them.
Your Guide To Effective Inventory Management in Supply Chain
Inventory management is the planning, tracking, and controlling of the materials flow. Check out these 6 methods for effective inventory management!
Freight Market Update: August 15, 2023
Ocean freight rates increased again on both the China to US west coast and east coast lanes since late July. Read on to learn more.
Hazardous Materials
Hazardous materials are classified into 9 classes, and pose risks to humans and the environment, requiring special documentation & handling in transit.
Delivery Order
A Delivery Order (DO) is a document that authorizes the release of cargo and provides instructions for pick-up and delivery.
Drop Shipping
Drop shipping is a fulfillment method where the retailer transfers the customer orders to a supplier who handles the shipping and delivery.
Embargo
Embargo limits or prohibits transportation and exchange of goods with a target location for political, security, or economic reasons.
Duty Drawback
Duty Drawback is a fiscal incentive in international trade that refunds customs duties, fees, or taxes on goods that are re-exported.
Reverse Logistics
Reverse logistics is the process of managing the return of products and materials for value recovery or other operations related to the reuse of them.
Through Bill of Lading
A Through Bill of Lading (BOL) streamlines shipping by consolidating the transportation of goods across multiple phases & modes into a single document.
Landed Cost
Landed cost covers all costs from procuring to shipping goods, including taxes and duties and is vital for setting competitive and profitable prices.
Automated Commercial Environment (ACE)
The Automated Commercial Environment (ACE) is the U.S. Customs’ key digital tool for import/export e-filing, assuring compliance & expediting clearance.