Articles
Finance
Gold Mining: Unearthing the Value in Freight Audit and Payment Services
No longer a simple accounting function, freight audit and payment services give shippers access to financial data they can dig into for money-saving insights.
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Transportation Payment—Bank on a Better Way
The definition of "carrier" is pretty straightforward: an entity that transports freight. Carriers are in the transportation business, plain and simple. Actually, not so simple. Carriers are also in the credit business. Unintentionally, to be sure, but they are. When carriers set payment terms of 45 days, they are essentially extending credit to the shipper […]
Read MoreAssessing Your Provider’s Financial Stability
There’s nothing worse than hiring a logistics provider or carrier, then having it file for bankruptcy or close shop the day before you have a huge shipment planned for a new customer. Danny Monson, president and CFO of States Logistics Services Inc., offers these tips for verifying a service provider is financially stable—before you start […]
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Trends—May 2013
Garden State Gets Greener New Jersey and sustainable development are perfect together. Industrial real estate developer Prologis recently broke ground on a new, 880,000-square-foot distribution facility on the Hackensack River in Jersey City, N.J. The Prologis Pulaski Distribution Center, a 50-acre former landfill, is located four miles from the Port of Elizabeth and three miles […]
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Inbound Freight Management: 5 Roadblocks (and How to Get Around Them)
Managing inbound freight effectively can be challenging, but the obstacles don’t have to deter you from the benefits. Our experts map out detours to help you reach your goal.
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Delivering Procure-To-Pay Success
The next step in inbound logistics goes beyond delivering goods. As e-invoicing and procure-to-pay networks have evolved into broad-based business networks, advancements now enable professionals to finally connect all the dots in the supply chain. Over a secure cloud-based network, customers share accurate, actionable data with suppliers around the world, enabling immediate electronic transactions and […]
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Are You Paying Too Much for Transportation? Benchmark Carrier Activities to Find Out
If you haven’t reviewed your carrier activity in the past 12 to 18 months, there’s a good chance your transportation costs are more than what you’ve planned, higher than the rates listed in your routing guide, and, quite possibly, higher than competitive market rates. Over the past year, shippers have begun to feel the pinch […]
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Best Practices to Manage International Freight Spend
Many companies have switched operations to low cost suppliers—only to find that higher than expected transportation expenses outweighed the benefits. In fact, the logistics costs associated with operating a global supply chain can be 6 to 11 percent of revenue, roughly three to five times more than a domestic supply network. A recent AberdeenGroup report, […]
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Is Your 3PL Financially Healthy?
An ounce of prevention is worth a pound of cure. Conduct a financial checkup of your potential 3PL partners before you sign the contract.
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Trimming Your Transportation Spend
Transportation costs run high, but cutting your spend might be more feasible than you think.
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