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COVID-19 update: Why are freight rates soaring?

COVID-19 update: Why are freight rates soaring?

Spiraling freight rates have left businesses around the world scrambling to stay afloat during the coronavirus pandemic, piling yet more pressure on already stretched global supply chains.  At the core of this problem: shrinking cargo space.   Here’s what has led to a decrease in cargo capacity and how it is impacting freight rates. Airplanes grounded,…

How To Negotiate International Freight Procurement Deals?

How To Negotiate International Freight Procurement Deals?

Are you sick and tired of paying thousands of dollars to your freight forwarders? Do you want to save money on your international freight procurement? The way you negotiate is key. Negotiation saves your business money. It allows you to work towards a lower price, making sure you pay less for your freight procurement. Unfortunately,…

Want to get the best rate for your freight RFQ? Just watch the ICC World Cup!

Want to get the best rate for your freight RFQ? Just watch the ICC World Cup!

Now straight off the bat, you’ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let’s read on, to find out how. First, let’s set the field. You’re a…

The Latest Freight Trend In The Pharmaceutical Industry

The Latest Freight Trend In The Pharmaceutical Industry

In the pharmaceutical industry, a large percentage of the business is export-oriented. Since the goods are sensitive, i.e. perishable, they require a specific temperature for storing. Due to the nature of the cargo, most of the exports are done via Air cargo only. The freights today are very dynamic and every air shipment is unique…

Air Freight Vs. Sea Freight: 4 Factors that will help you choose the right freight service for International Shipping

Air Freight Vs. Sea Freight: 4 Factors that will help you choose the right freight service for International Shipping

There are a few things to take into consideration while choosing the best method to ship your goods. Choosing the right service between air freight vs sea freight will help you bring down costs and bring inefficiencies in your shipping process. Cost / Price As a business owner, before shipping goods, you need to check…

How to Choose The Right Freight Service for Your Business?

How to Choose The Right Freight Service for Your Business?

If you are in the manufacturing business and want to export your goods to other countries, this freight service article is for you. We will discuss the three modes of freight services used for shipping abroad and also throw some light on choosing the best mode of shipment based on your type of business or…