CM & T Freights Llc

Knowledge is Power: The Importance of Staying Up-to-Date with Industry Trends

As the business landscape continues to evolve, it's more important than ever to stay on top of the latest industry trends and innovations. By staying informed, you can identify new opportunities for growth, anticipate market changes, and offer the best possible service to your clients. Attending industry conferences, webinars, and networking events are all excellent ways to stay up-to-date and gain valuable insights into your industry.

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The trend toward e-commerce continues to gain momentum, driving demand for faster and more efficient delivery services. In the new year, we can expect this trend to continue, with businesses and consumers alike seeking timely and reliable delivery options for their online purchases.

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Potential Cost Savings Ahead for Shippers in Transportation!

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Trucking companies are facing a number of challenges in the coming years. One of them is asset management, which is becoming increasingly important for shippers to manage truck carriers and reduce accessorial charges.

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Shippers should know about this!

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Seven Common Shipping Mistakes and How to Avoid Them

Improper packaging. Improperly packaged freight results in a higher probability of shipment damage.
Inaccurate shipment weight. Some organizations may not have the proper equipment to weigh cargo, which leads to estimated weights.
Inaccurate freight class.
Shipment services.
Relying on a single carrier for all shipments.
Delivery receipt.
Incorrect address.

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How to select the LTL carrier?

Geographic coverage Understanding the service area of your LTL carriers will help you decide on the most viable option for your shipment
Transit time Whether you send or receive freight shipment, transportation speed is an important concern
Shipment tracking
Freight liability
Customer service
Additional services

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13 Strategies to Reduce Freight Costs

1. Contract steady lane volume
2. Ship on off-peak days
3. Find a consolidation program near you to handle smaller shipments
4. Don’t be a serial rate shopper; develop relationships
5. Increase delivery lead times
6. Reduce dunnage
7. Develop a reputation for loading quickly
8. Offer later pick-up times
9. Minimize the number of pallet spaces needed when shipping LTL
10. Ship moreproductst, less often
11. Look for carriers based near your ship-to points
12. Get logistics involved earlier in decisions about product design, packaging, and carton selection
13. Outsource your transportation department

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PROS OF USING FREIGHT FORWARDING SERVICES
The many benefits of using freight forwarders include:
-EXPERIENCE AND ACCOUNTABILITY
Freight forwarders offer experience and accountability. These service providers will help you with any shipment issues, even those with international shipping regulations.
-ACCESS TO GLOBAL PARTNERS
Freight forwarders provide access to global partners. They have experience in various industries, including manufacturing, fashion, and food. They can assist you with importing or exporting your goods or provide you with contacts and access to foreign distributors.
-COST-EFFECTIVE
Freight forwarders offer discounted rates for the international transportation of your products. They have relationships with carriers, allowing them to negotiate lower transport costs for their clients.
-ACCURATE DOCUMENTATION
Through experience and training, freight forwarders provide accurate documentation for customs regulations and cargo insurance. Many freight forwarders have customs specialists who can oversee your product’s export from the shipper’s address.
-COMPLIANCE
The freight forwarder ensures your shipment adheres to the documentation regulations for importing and exporting your goods. They can help ensure that the products meet any requirements specified by the customs authority in the country you’re shipping them to.
-TECHNOLOGY: CARGO TRACKING
Technology is also an essential component of forwarding services. With modern-day technology, you can track your shipment throughout its route and always know where it is.
-VERSATILITY AND FLEXIBILITY
Freight forwarders provide flexibility and versatility to clients. You can choose from various options for your shipment, including transportation options. Your freight forwarder also can recommend the best configuration for your shipment to ensure its safe transport and timely arrival.

CONS OF USING FREIGHT FORWARDING SERVICES
Freight forwarders come with their own set of drawbacks, including:
-RELIANCE ON FORWARDER ASSISTANCE
Shippers may develop an unhealthy relationship with their freight forwarders. Instead of creating the needed competencies and resources to be an independent shipper, you’ll likely develop a dependence on your freight forwarder.
-PRICE GOUGING
Freight forwarding is not cheap, and it’s prone to price gouging. The price of your shipment will depend on the distance it travels, weight, size, and destination delivery site. When demand is high, you’ll likely pay more.
-POSSIBLE PRODUCT LOSS
Freight forwarders sometimes lose shipments. If your container load is sent to the wrong address or delivered to someone else, you could lose a lot of money, and it may damage your reputation.

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1) Do your Homework
Not all freight forwarders are created equal. They will have different specialisms and capabilities, and they won’t all offer the same services.
2) Know your Market
Where are you looking to import from or export to? You’ll need to check that the freight forwarders you’re considering have a secure network in those parts of the world.
3) Be Clear about your Requirements
The clearer you can be with your requirements, the better the chance of getting a tender that fits.
4) Consider your Priorities
To be clear about your requirements and select the right freight forwarders to invite to tender, you’ll first need to pin down your priorities.
5) Keep it Simple
Don’t overcomplicate your freight forwarding tender with irrelevant data, endless scenarios, or trivial rules.
6) Predict Potential Growth
Inviting and analyzing tenders is time-consuming, and therefore a costly process.
7) Ask the Right Questions
Including set questions that all bidders have to respond to is a good way of ensuring you’re comparing apples with apples and makes evaluating responses much easier.
8) Offer a Q&A
Many businesses will only meet with a potential supplier once they’ve made the tender shortlist. However, beginning the tender process with a Q&A session – perhaps by webinar – will allow those invited to tender to fully understand your needs and tailor their tender accordingly.
9) Use a Tendering Tool
There are numerous e-tendering tools available that can make the process much easier and less time-consuming.
10) Ask for a Breakdown
Cost is one of the key components of a tender, but you want to make sure you’re comparing like for like.

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Finding the best freight forwarding company for your company allows you to not only outsource your supply chain management and logistics needs to experts, but it also increases efficiency for your company and your clients. They are also known as third-party logistics (3PL) providers because they provide warehousing, fulfillment, and distribution services all under one roof. 3PL and supply chain management firms, such as Keziz Way Logistics, provide a variety of logistics services to assist you in increasing your company's profitability. Here are ten factors to consider when selecting the best freight forwarding company for your company.

1. DOES THE FREIGHT FORWARDER MEET YOUR BUSINESS NEEDS?
2. DOES THE FREIGHT FORWARDER HAVE THE RIGHT EXPERIENCE AND CREDENTIALS?
3. DO YOU LIKE THE FREIGHT FORWARDING COMPANY’S CUSTOMER SERVICE?
4. DOES THE 3PL SERVICE USE THE LATEST TECHNOLOGY?
5. CAN THE FREIGHT FORWARDER CUSTOMIZE ITS CAPABILITIES TO MEET YOUR NEEDS?
6. IS THE FORWARDING COMPANY COMMITTED TO CONTINUOUS IMPROVEMENT?
7. WHAT IS THE FREIGHT FORWARDING COMPANY’S FINANCIAL STATUS?
8. DO THEY OFFER A RANGE OF SERVICES?
9. CAN YOU BUILD A RAPPORT WITH MULTIPLE CONTACTS WITHIN THE FREIGHT FORWARDING COMPANY?
10. DOES THE FORWARDER HAVE A NETWORK OF LOCATIONS AND ESTABLISHED INDUSTRY RELATIONSHIPS?

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Types of Freight Transportation

Road Freight Transportation
Road freight transportation refers to moving goods via truck or other road vehicles. This type of transportation is used to transport various goods, including raw materials, finished products, and even hazardous materials.

Rail Freight Transportation
This mode of transportation is often used for large shipments of goods that need to be transported over long distances, such as raw materials, coal, and manufactured products.
One of the biggest advantages of rail freight transportation is its efficiency.

Air Freight Transportation
Air freight transportation, also known as air cargo, is the movement of goods via aeroplanes. This mode of transportation is often used for time-sensitive or high-value goods that need to be transported quickly and efficiently, such as electronics, medical equipment, and perishables.

Water Freight Transportation
Water freight transportation is the movement of goods via ships and other vessels on oceans, rivers, and other bodies of water. This mode of transportation is often used for large shipments of goods that need to be transported over long distances.

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How to Choose a 3PL Provider
Research 3PLs Your first step is to do thorough research on your potential provider to ensure you are getting value. Look for a company with proven processes, expertise, and the ability to integrate well into your systems.

-Establish your needs and goals
-Have options (talk to multiple providers)
-Find an omnichannel expert
-Proven track record
-Look for stability

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Save time.
Think of all the time you spend managing your supply chain. Now imagine a trusted partner coming in and shouldering that entire workload. That’s a 3PL company! They free up your time so you can focus on your core business, and also help you avoid costly shipping mistakes that take significant time and resources to correct.

Learn some simple ship and save tips!

Manage fixed costs.
No more paying for empty warehouse space or idle trucks. A 3PL helps you scale resources to meet your needs. If your business is seasonal, a 3PL company gives you the flexibility to ramp up your warehouse space, transportation and labor capacity during peak periods, then scale back down during slower periods.

Reduce costs.
3PL firms are able to offer you drastically lower freight rates and can help reduce return goods costs and lost sales. Simply put, working with a good 3PL will improve your bottom line!

Optimize operations.
A 3PL will ensure that each link in your supply chain is optimized and using the latest techniques and technologies. As dedicated logistics specialists, they are constantly updating and implementing best practices throughout the supply chain.

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5 Questions to Ask a Freight Broker
1. How Long Have You Been Operating? The simplest question to ask a freight broker is how long they have been around for. ...
2. How Do You Find Your Carriers? Next, you should ask them how they source their carriers. ...
3. What is your Customer Retention Rate? ...
4. What is Your Transportation Management System Like? ...
5. What Types of Insurance or Liability Coverage Do You Offer?

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Seven Common Shipping Mistakes and How to Avoid Them

-Improper packaging. Improperly packaged freight results in a higher probability of shipment damage.
-Inaccurate shipment weight. Some organizations may not have the proper equipment to weigh cargo, which leads to estimated weights.
-Inaccurate freight class.
-Shipment services.
-Relying on a single carrier for all shipments.
-Delivery receipt.
-Incorrect address.

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The Pros and Cons of Freight Brokers: When is it Right for Your Business?

-Pros of Being a Freight Broker
Making More Money
Low Monthly Overhead Costs
Allows You Complete Autonomy
No More Long, Tiresome Commutes
A Low-Cost Investment to Ensure a Brighter Future
Limitless Opportunities
A Business to Involve the Whole Family
Something to Leave for Future Generations

-Cons of Being a Freight Broker
Expensive to Start and Maintain Business
A Big Investment of Time
A Lot of Hard Work
Difficulty Building a Network of Clientele
No Control Regarding Carrier Priority
Be Wary of Non-Competitive Clauses
Can Be Very Stressful

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5 TYPES OF FREIGHT SERVICES THAT YOU MUST KNOW!

1. SEA DELIVERY
Ocean freight service is considered an economical option for transporting goods. It accommodates all shapes, sizes, and weights of freight, making it the best option for bulk transportation. However, sea delivery takes time and may not be an appropriate choice for time-restricted shipments.

2. AIR DELIVERY
Air freight service is an appropriate shipping option when you need to send goods urgently. It guarantees fast transportation and delivery of goods to all key destinations worldwide. However, it is only advisable for light shipments because the cost of airfreight for heavy and voluminous goods may be prohibitive.

3. LAND DELIVERY
Land freight service is the standard transport method for delivering domestic goods, which are typically ferried by trucks, vans or bikes. Cargo trucking services offer a convenient and economical way to transport items whether they’re time-sensitive or not.

4. RAIL DELIVERY
Although rail freight delivery is not usual in the Philippines, it remains an accepted and often cost-effective way of transporting goods in many parts of the world. In this method, railroads and trains are utilized to haul bulk or hazardous materials over long distances. However, rail transport is not as convenient as highway transport. It also results in more deliveries fulfilled by trucks.

5. MOSQUITO DELIVERY
In the Philippines, there is a rising trend in mosquito delivery services. This type of freight service makes use of bicycles and motorcycles in the delivery of small packages to various destinations.

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Know Your Operating Cost
Before doing anything, you need to know how much it costs to run your business and where you can implement cost savings appropriately. Keep this amount in mind when looking at freight rates.

Pay Attention to the Drop-off Location
Some areas have reputations for low-paying freight rates. For example, getting good freight rates going into Florida is easy; getting those same freight rates coming out is a different story, and you are likely to get lower rates.

Identify the Load-to-Truck Ratio
Pay attention to the number of posted trucks in your lane. They are going to want the same loads you do and influence the truck demand in your pick-up area.

Look Up the Average Spot Rate
Load boards generally post the average spot rate for a particular load. Does the rate listed fall within the average?

Mark the Load’s Times
Time has a significant influence over freight rates. The longer a load remains on a load board, the more anxious a broker will be to find a truck. Use this to your advantage to negotiate better rates.

Ask about Fees
Some lanes are more expensive to run than others. Find out if there are any tolls along your route. Do you need special permits to haul the load (for example hazardous material)? Will you be required to pay dock or lumper fees?
Get Everything in Writing
Before hauling any load, get the complete and signed Broker and Carrier agreements including any contract negotiation that was made. You also need a signed Rate Confirmation. The broker is not obligated to pay you if there are no signed freight contracts.

Verify the Broker and Shipper Information
Run a credit check on the Broker’s and Shipper’s information. Make sure you are hauling for an actual company and look out for scams in the shipping costs or shipping rates. Hauling for a fraudulent company can put you out of business.

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The Top 4 Benefits of Using a Freight Brokerage

1. The Partnership You Gain
Since dawn, relationships have been the foundation of good business. As such, the relationship between a shipper and its freight brokerage is sacred. For the broker, this relationship is a true partnership, forged to reach mutually beneficial pastures and stay there.

2. The Convenience They Provide
One of the key selling points of working with a freight brokerage is the convenience that comes from having a partner in this industry. With more than 700,000 shipping companies in the U.S., it can be difficult to know exactly which one will fit your needs.

3. The Money You Save
At the end of the day, you should only enter into business relationships that are either going to save you time, make your life easier or save you money. Partnering with a reliable freight brokerage has the potential to do all three for your business.

4. The Oversight They Administer
Customer experience is everything to a freight brokerage. Why wouldn’t it be? After all, it’s the customers who keep the lights on and the trucks moving. Because of this, a good freight brokerage will do everything possible to provide customers a seamless experience .

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How to Select a Freight Broker: Top 8 Factors Shippers Should Consider

1. Licensed through the FMCSA
First off, to ensure the freight broker you’ve chosen is credible, check that they have a license through the Federal Motor Carrier Safety Administration (FMCSA).

2. Specializations that match your needs
Most freight brokers will offer a number of services and work across a variety of industries, but that doesn’t mean they are all equal.
3. Insurance options and claims assistance
Dealing with lost or damaged freight can be a nightmare. When you select a quality freight broker they will not only provide the option to purchase additional insurance, but they will also offer assistance in the event that you need to file a claim.

4. Strict vetting process for carriers
The freight broker you select should only work with the most reputable carriers. Before working with a broker, ask about their vetting process.

5. Recognized and certified in the industry
The Transportation Intermediaries Association (TIA) is the premier organization for third-party logistics professionals and holds its members to high set of ethical standards.

6. Tracking options
Freight visibility is essential when choosing a freight broker. Using tracking systems allows your broker to keep an eye on your shipments and handle any hiccups before they become major issues. Tracking also helps protect you against cargo theft, giving you added peace-of-mind.

7. Long history in the business
Freight shipping is complex and can be tricky, which is why you need a master, not a novice. A more established freight broker will not only have more experience, but will also likely have deeper carrier relationships.

8. Overall value
It may be tempting to choose the freight broker that gives you the cheapest quote, but sometimes you get what you pay for. Working with a broker that offers quality services can be worth the extra cash.

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7 Ways Your Freight Broker Lowers Transportation Costs

1. Consolidation using a freight brokerage analysis
In this strategy, brokers ask a series of questions regarding your current shipment process that could allow for more leniency and time in the pickup or delivery window.

2. Mode shifting
Here, brokers look at the size and characteristics of a shipment and the urgency of which it needs to get there. With many possible modes––LTL, full truckload, intermodal, partial truckload, and air shipments––brokers advise on the best mode to get your shipment there for the lowest cost to meet your delivery timeframe.

3. Centralized transportation procurement
Most companies don't typically have a centralized system for transportation routes and costs. Especially for inbound freight, you should be using a TMS to reduce confusion, duplicate data, and simplification of strategy.

4. Wrangling inbound transportation costs
When it comes to the raw materials you source to create your product, your inbound transportation costs can be a beast you may not know where to begin to tame.

5. Becoming a "shipper of choice"
While your brokerage partner won't be able to certify you as a shipper of choice, per say, they will be able to use your position as a shipper of choice to their advantage within their network.

6. Cost avoidance
Building on the above idea of safety, your broker drives a hard bargain with the topic of cost avoidance.

7. Time and workforce savings
As I mentioned in #3, one of the biggest cost-savings in using a freight broker is that you do not have to hire in-house personnel to create a department for carrier management specific to the types of activities mentioned in this post.

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