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Collaboration Is Vital For a Successful 3PL Relationship

Posted by Land Link Traffic Systems on Jul 9, 2020 9:53:33 AM

Much like personal relationships, the relationship between an organization and its third-party logistics provider requires effort from both parties to stay productive, healthy, and strong. A 3PL cannot expect to provide services without catering them specifically to their client’s needs, and an organization cannot expect to run their logistics operation hands-free. It takes communication and constant collaboration to run a smooth, successful supply chain and promote positive growth for the client’s business as a whole.  It will take a long-term commitment from both parties to create a successful partnership.

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Topics: Freight Bill Auditing, Intermodal Freight, Logistics Business, Freight Bill Audit, 3D Printing, Industry Trends, Big Data

Cargo Thieves Will Be Busy This Weekend

Posted by Land Link Traffic Systems on Jul 2, 2020 8:38:58 AM

Supply chain professionals are looking forward to a much-deserved extended weekend during the Fourth of July holiday. However, CargoNet, an industry cargo security firm, reports that extended business closures can create an advantageous operating environment for cargo thieves. For the past five years, the firm has analyzed cargo theft data in the United States and Canada from July 1 to July 7and found 130 cargo theft events in 27 different states, with theft most common in Texas, California, and Florida.

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Topics: Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, 3D Printing, Logistics News, Industry Trends, Big Data

What Freight Transportation Will Look Like Beyond 2020

Posted by Land Link Traffic Systems on Jun 25, 2020 8:06:52 AM

Technology is affecting transportation modes through the roads, sky and water. Advancements in speed and efficiency may come at some cost.

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Topics: Intermodal Freight, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, Shipping News, Logistics News, Industry Trends

Significant Changes to Supply Chain Protocols After Covid-19

Posted by Land Link Traffic Systems on Jun 18, 2020 9:11:03 AM

The COVID-19 pandemic has hit global trade and investment at an unprecedented speed and scale. Multinational companies faced an initial supply shock, then a demand shock as more and more countries ordered people to stay at home. Governments, businesses and individual consumers suddenly struggled to procure basic products and materials, and were forced to confront the fragility of the modern supply chain. The urgent need to design smarter, stronger and more diverse supply chains has been one of the main lessons of this crisis.

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Topics: Freight Bill Auditing, Intermodal Freight, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, Shipping News, Logistics News, Industry Trends, Big Data

The Impact of 5G on the Logistics Industry

Posted by Land Link Traffic Systems on Jun 11, 2020 8:19:09 AM

Limited 5G network deployments had begun in some markets in 2019, with widespread rollout expected to take place through the 2020s. The 5G wireless technology promises to accelerate data speeds, improve quality, and reduce latency in the world’s mobile networks all of which means higher performance than today’s broadband wired networks.  “5G will be a game changer because it’s 100 times faster and will support 100 times more devices than current 4G networks,” according to the Cellular Telecommunications Industry Association.  This week we take a look at the specific impact on the Logistics industry.

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Topics: Freight Bill Auditing, Intermodal Freight, Logistics Business, Freight Bill Audit, 3D Printing, Industry Trends, Big Data

We Could See the Re-emergence of the New Deal to Resurrect the Economy

Posted by Land Link Traffic Systems on Jun 4, 2020 6:12:50 AM

Massive unemployment and a nearly desperate need to rebuild our infrastructure could entice the presidential administration to copy a plan designed by President Franklin D. Roosevelt in the 1930’s.  The New Deal was a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans. When Roosevelt took office in 1933, he acted swiftly to stabilize the economy and provide jobs and relief to those who were suffering. Over the next eight years, the government instituted a series of experimental New Deal projects and programs, such as the CCC, the WPA, the TVA, the SEC and others. Roosevelt’s New Deal fundamentally and permanently changed the U.S. federal government by expanding its size and scope—especially its role in the economy.  Although it took our entry into World War II to lift the U.S. economy out of the depression, the New Deal provided many jobs to willing Americans in a time of great need.  While I don’t believe we’re in as bad a shape as the 1930’s we are faced with a jobs crisis.  To add to the issue, the recent civil unrest has compounded many small businesses problems in getting re-opened. 

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Topics: Freight Bill Auditing, Intermodal Freight, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, 3D Printing, Logistics News, Industry Trends, Big Data

Logistics Trends to Watch in 2020

Posted by Land Link on May 28, 2020 7:42:41 AM

Let’s take a break from the Covid-9 effect on the Logistics industry.  Things are slowing opening back up.  Hopefully, the trend continues with no significant spikes in infection rates.  That being said let’s look at some industry trends we should all be aware of this year.

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Topics: Freight Bill Auditing, Intermodal Freight, Logistics Business, Freight Bill Audit, 3D Printing, Industry Trends, Big Data

Supply Chain Recovery Post Corona Virus.  Formulate Your Plan Now.

Posted by Land Link on May 14, 2020 9:51:11 AM

 

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Logistics Business, Freight Bill Audit, Logistics News, Industry Trends

The New Normal in Retail Will Be Far From Normal

Posted by Land Link Traffic Systems on May 6, 2020 12:26:03 PM

As retailers struggle with re-opening strategies it’s clear the new normal will be something we have never experienced.  Consumers in many areas of the world have tightened their wallets and eliminated discretionary spending because of lost jobs, lower wages and uncertainty about how long the COVID-19 pandemic will last.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Logistics Business, Freight Bill Audit, Logistics News, Industry Trends

This Is a Good Time for a Year-End Freight Bill Review

Posted by Land Link on Dec 19, 2019 9:12:46 AM


As another year draws to a close it may be useful to review some of your supply chain protocols. A good place to start is a year end freight bill review. Things are a little quieter this time of year and there is plenty of recent data to review. Typically, this is a no cost exercise provided by your 3PL so there is every reason to have the review done. If for no other reason than knowing your fright payment protocols are working.

What is a Freight Invoice Audit?

As a concept, freight invoice auditing is simple to understand. The idea is to make sure you only pay the shipping charges you should, and nothing more. In most cases, software does the hard work. However, some auditing must be done by hand. All this happens once the invoice is received. The carrier only gets paid after it’s determined that the invoice is accurate.

Billing Errors Happen More Than You Think

Shipping charges can make up to 10 percent of a company’s total expenses. It’s not unusual for companies to spend millions or tens of millions of dollars annually to ship their products with trucking companies or parcel carriers like UPS and FedEx. But it’s common for major shipping carriers to overcharge by missing discounts or mis-classification of freight. Pricing in the shipping industry is complex, and in many cases, carriers make mistakes or do not meet service requirements. Billing in today’s logistics environment contains a myriad of charges and discounts, base rates, fuel surcharges and hundreds of accessorial charges. There’s a lot of opportunity for mistakes, and you need to protect yourself. That’s where freight invoice auditing comes in.

At Freight Payment, Inc., a subsidiary of Land Link, freight bill auditing is a big part of our business.  Most successful companies know the value associated with utilizing the services of a fully integrated freight bill audit and payment service. More than 80% of well managed companies, with operations in the US currently use and leverage the power of audit and pay solutions. Our solution takes the benefits of standard freight bill audit and payment to an entirely different level.

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Topics: Logistics Business, Freight Bill Audit, Shipping News, Logistics News, Technology