Elevated freight rates, skyrocketing inflation, and the war in Ukraine are drastically increasing the cost of goods and disrupting global supply chains.
Freight management involves more than moving goods from point A to point B. When done right, it maximizes a company’s efficiency and improves its bottom line. When done poorly, it can lead to delayed goods, dissatisfied customers, and unexpected costs.
Approximately 17 million shipping containers are available, but just 6 million are in use at once. This means 11 million shipping containers sit unused across the globe at any given time.
Shipping freight doesn’t just involve getting goods from one place to another—it also requires paying close attention to a wide range of necessary documents. Being aware of these documents, knowing how they are used, and understanding the differences between them can help shippers avoid misunderstandings and transport issues.