Freight pricing is the number one topic discussed, whether a buyer, seller or freight market analyst. As we shared in the comprehensive article entitled Freight Costs: An Insider’s Look on Freight Pricing Buyers Should Know there are numerous factors that drive a freight rate either up or down.
What's the Difference in a Consignor and Consignee when Shipping Freight? Every freight transaction involves two parties: consignor and consignee. The terms consignor and consignee are often flipped in people’s minds, so why doesn’t the freight industry not just use shipper and receiver. We’ll get back to that question shortly, but let’s start with the definitions of both.
One of the very first questions a transportation management software (TMS) technology buyer needs to answer is: what type of architecture do they want to operate? The importance of this question cannot be underestimated, as it drives cost, functionality and benefits.
Prepaid and add, along with collect are freight billing terms, although some confuse the subject with the transfer of ownership and liability occur between the seller and buyer. In this article we will cover prepaid & add and collect billing terms, along with their relationship to FOB and INCOTERMS.
Risk-taking and big changes can be daunting to any company. When a change involves the company's flow of products, which is the lifeblood of the company, the importance of choosing the correct solution and having as close to a flawless an implementation as possible is amplified several times over again.
MercuryGate is a competitive cloud based SaaS transportation management software (TMS) that is proven to build a competitive advantage for today’s shippers, 3PL's, freight forwarders, freight brokers, and even carriers.
Definition of Drop Shipping Drop shipping is when a seller ships its customers' orders direct from its supplier's warehouse.
Definition of a Blind Shipment A blind shipment is when consignee / receiver of the shipment is not aware of the shipper or its origin.
Definition of BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped.