Struggling to maintain optimal stock levels? You may need to use the latest logistics innovations to first improve process visibility. When you fail to strike the right balance between inventory and demand, your B2B business will experience more cases of overstocking and understocking. In 2023, over 80% of businesses suffered from overstocking, according to a…
Are warehouse expenses spiraling out of control? If you’re to monetize your warehouse and increase profits, you need to seal waste. However, when you’re held back by operational complexities and legacy systems, resource wastages go undetected, slowly draining your bottom line. A study by Manhattan revealed that, for 55% of warehouses, the biggest challenges include…
Want to increase brokerage earnings? The commission you make primarily depends on freight revenue generated by intermediating various transloading and intermodal shipping activities. However, it becomes extremely challenging to increase your load revenue when your business is even struggling to secure freight to broker. In 2023, 95% of brokers experienced net-revenues-per-load declines, according to a…
Want to modernize your warehouse? Rising innovations like transload management software and the rapid pace of innovation make the industry unpredictable. However, your success in warehousing and logistics depends on keeping up with modern advancements to run an efficient, technology-driven workflow. A survey by Manhattan revealed that 67% of US warehouses aren’t satisfied with their…
Searching for a great warehouse management tool? It’s important to choose the right warehouse software as it affects profitability. If your warehouse management solution lacks key features like automation, for example, your labor needs will increase, thereby inflating your wage bill. A survey by MMH revealed that 59% of warehouses plan to invest more in…
Want to turn empty space into steady income? From freight forwarding to transloading shipping services, your options are endless. However, not all warehouse business ideas are profitable, and most of them ultimately end up being a massive waste of time and money. A BLS study revealed that over 65% of new businesses fail, with the…
Still tracking inventory with messy spreadsheets? The biggest challenge of managing inventory with Excel is it’s prone to human error. When your inventory records are inaccurate, this can lead to rushed orders and inventory bloats that inflate your warehouse’s operational expenses. In fact, up to 65% of inventory records are inaccurate, according to a ResearchGate…
Struggling with inefficient railroad logistics? Inefficiencies can stagnate operations for your rail transload shipping service due to operational bottlenecks. When rail logistic strategies are below-par, backlogs accumulate quickly, leading to missed delivery timelines, frustrated customers and lost revenue. In 2023, freight trains experienced 11 minutes of delay per 100 kilometers, according to an ORR study….
Is transloading often a logistical nightmare? Coordinating your transload shipping processes brings many variables into the picture. You need to coordinate yard assets, handle inventory, and follow up with customers, which is very challenging with poor logistics visibility. In fact, a Statista survey revealed that 21% of businesses have poor visibility over their logistics. This…
On the hunt for a reliable transloading company? Choosing a transload shipping service involves considering several variables. Without the right fit, transloading can go easily wrong, potentially leading to damaged goods, lost shipments, and compliance violations. A study by Insurance Shield revealed that 92% of businesses experienced cargo damage or loss in 2022. With a…
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