Beware Bill of Lading Problems That Could Lead to Invoicing Discrepancies
When it comes to determining the shipping rate for a particular load, many factors come into immediate consideration. While mileage and carrier fees set the tone for the nature of the rate, ultimately, the Bill of Lading (BOL) will have the biggest impact on the cost of goods transport. Unfortunately, this is the source of major discrepancies for invoicing [...]
5 Common Problems with Freight Data and Their Impact on Carrier Selection
It’s easy to make a confident, data-backed decision … but that decision won’t be a good one if the data you use to justify it is wrong. It’s a predicament even the biggest companies face when choosing freight carriers. Even with a huge database of potential partners, stacks of request for proposals (RFPs) and bids, and all the information needed [...]
How Coronavirus Decimated Global Supply Chains in Under 90 Days
Few things have the devastating potential to disrupt global economies like an unchecked pandemic. Now, we’re in the midst of one. In the span of 90 days, Coronavirus (COVID-19) went from Chinese epidemic to the catalyst for global recession — with rippling effects still to follow as the virus spreads. Outside of health complications and social panic, Coronavirus’ significant [...]
Freight Experts Outline the Path to a Trucking Revival in the U.S.
The 1970s are widely considered the golden age of trucking. Built in the 1950s, the highways were little more than two decades old, the economy was on the rise, and drivers were eager to hit the open roads. Today, it’s a different story. Highways are in disrepair, the economy is volatile, and the roads are more congested than open. The [...]
Dense Freight Data Demands the Power of Digital Auditing
The cumbersome time investment of freight auditing has always been its biggest obstacle. It’s why so many carriers have digitized the process in recent years. Digital freight auditing is a step in the right direction, but it requires comprehensive oversight. Companies can’t just focus on one aspect of cost reconciliation — they need to recognize the many avenues and opportunities [...]
Reducing Costs and Improving Freight Efficiency Using a Robust, Reliable TMS
Once governed by dollars and cents, freight transportation has quickly become an industry ruled by pennies. As supply chains around the world become tighter, enterprise shippers are forced to squeeze every penny out of their freight operations. Consolidating costs, expediting invoice reconciliation, and managing rates and fees are all of paramount importance. This, in turn, has elevated the importance of [...]