Freight forwarding is a complex and dynamic industry where negotiating freight rates with carriers is a critical aspect. Successful negotiation can significantly impact a freight forwarder’s profitability and service quality. Here are some essential tips for independent freight forwarders to negotiate better freight rates with carriers. Understanding the Market Before Independent Freight Forwarders Start Negotiating…
The freight and logistics sector in Chile includes various modes of transportation, along with distribution and warehousing services. The industry’s growth is primarily driven by increasing demand for commodities, a boost in global trade, and the need for effective supply chain solutions. According to a report by Mordor Intelligence, the size of the Chilean freight…
Whether or not to become an International Air Transport Association (IATA) agent is one decision that air freight companies often contemplate. IATA, a global trade association for the airline industry, comes with numerous benefits to its accredited agents, however, the decision to pursue this accreditation comes with its own set of considerations. In today’s blog…
Spain, renowned for its industrial tradition, diverse economic activities, and dense commercial fabric, has established itself as the nerve center of economic activities in Southern Europe. According to a report by Technavio, the transportation and logistics market in Spain will be valued at $5.39 billion by 2026, with a growing CAGR of 4.26%. The transportation…
Environmental and sustainability concerns are becoming some of the primary concerns of independent freight forwarders. Nearly every reputed freight forwarding company are now trying to create environmental policies that align with their mission and goals. As the world moves towards a more eco-friendly, carbon-neutral future, understanding the logistics industry’s role in achieving this goal is…
Conqueror Freight Network’s 10th Annual freight forwarders conference, held in Bali, has successfully concluded, bringing together over 150 independent freight forwarders from around the world. With the conference now behind us, it’s crucial to develop an effective follow-up plan to kickstart upcoming projects. Expanding operations hinges on engaging in one-on-one discussions with your business partners….
The freight and logistics industry is in a constant state of evolution, making it crucial to stay ahead of the curve. The use of technology in the freight and logistics sector is constantly evolving, and 2024 is already bringing in significant changes. Research and Markets reports that the logistics market, valued at $9,407.5 billion in…
“TEU,” or “Twenty-foot Equivalent Unit,” originally refers to a 20-foot shipping container. These days, it has evolved into a standard unit of measurement for cargo capacity in the container shipping industry. TEU containers facilitate seamless cargo transfer between different modes of transport, such as ships, trucks, and trains, thanks to their standardized dimensions. Keep reading…
Independent freight forwarders seeking to boost sales and expand into the global market can greatly benefit from joining one of the best logistics networks. These networks serve as international umbrella organizations comprising vetted freight forwarders, enabling small and mid-sized companies to compete more effectively with multinational firms by expanding their reach, forming new partnerships, and…
The primary objective for all small and mid-sized logistics companies is business expansion. This growth entails acquiring new customers, hiring additional employees, establishing branch offices, and ultimately increasing revenue. However, attracting more customers and enhancing the company’s profitability requires strategic investment in key areas. With the rise of digital freight forwarders, the logistics companies are…