Trans Audit

A Guide to Transportation Contract Management & Other Types of Contract

Virtually every business has a relationship with a transportation company, which should be documented in a formal contract called a transportation contract. These legally binding documents highlight the array of services the transportation company provides you including, local rail drayage services, motor carriers, freight forwarding, and others. The transportation contract is designed to document all […]

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How Do Market Swings Impact Shipper-Carrier Relationships?

Carriers / Trans Audit

In the transportation industry, the dynamics between shippers and carriers are crucial. Market swings, characterized by periods of over-supply (soft markets) and under-supply (tight markets), significantly impact these relationships. Understanding how these fluctuations affect both parties can help in developing strategies that foster mutually beneficial and lasting partnerships. Understanding Market Swings Definition of Market Swings

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The Enactment of the FMC’s Detention and Demurrage Billing Requirements: Final Rule in Motion

Carriers / Trans Audit

In the maritime industry, detention and demurrage charges are crucial for managing the logistics of cargo transportation. These charges serve as penalties for the late pickup of cargo or delayed return of containers, ensuring that the flow of goods remains uninterrupted. However, the lack of standardized billing practices has often led to disputes and confusion

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Baltimore Port Reopening: Implications and Strategic Adjustments

Post Audit / Trans Audit

The Port of Baltimore, a crucial node in the U.S. and global trade networks, has resumed operations after an 11-week closure following a significant incident. This marks a pivotal moment in restoring the flow of commerce through one of the East Coast’s most vital ports. The Incident and Closure The unexpected closure began on March

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Managing Supply Chain Disruptions: Costs and Solutions

Supply Chain / Trans Audit

In today’s interconnected global economy, supply chain disruptions have become a prevalent challenge for businesses across various sectors. These disruptions, broadly defined as a business’s inability to receive, produce, ship, and sell products, can have far-reaching consequences. Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient

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Building a Circular Supply Chain

Supply Chain / Trans Audit

Today’s supply chains are still mostly linear, taking raw materials from the planet, using them, and disposing of them when they no longer have value. This creates significant waste. By embracing a circular supply chain, industry leaders can help: Eliminate waste and pollution Circulate products and materials at their highest value Regenerate nature As organizations

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Trucker Communication Doesn’t Cost Much but Can Make All the Difference

Carriers / Trans Audit

The transportation and trucking sector is one brimming with responsibility, challenge, and on-road solitude. Amid this unique landscape, carriers continuously seek ways to enhance the driver experience, recognizing the paramount role drivers play in the industry. One of the most profound, yet cost-effective, strategies is enhancing trucker communication. The Unique Nature of Trucking The Solitary

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Protect Your Shipments From Cargo Theft

Freight / Trans Audit

The alarming rise in cargo theft across the United States is becoming a significant concern for businesses, logistics providers, and consumers alike. With food and beverage products emerging as main targets, it’s evident that the problem isn’t just isolated to high-value goods. This surge, as CNBC suggests, is a stark “sign of the economic times,”

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The State of LTL Shipping in Light of YRC Freight Bankruptcy

Freight, Uncategorized / Trans Audit

LTL, or Less-Than-Truckload shipping, represents the transport of freight that doesn’t require an entire truck’s space. It plays a critical role in the movement of goods, particularly for businesses that don’t have large enough quantities for full truckloads. The bankruptcy of Yellow Corp., formerly known as YRC Freight, sent shockwaves throughout the transportation industry due

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The Ultimate Guide to Tanker Endorsements and Bulk Drivers

Freight / Trans Audit

Over the years, the capacity within the freight industry has tightened, bringing the role of the bulk freight truck driver under the spotlight. More specifically, the persistent question is, “Why don’t we have enough of them?” The short answer is that there is a truck driver shortage across all modes of trucking. Within this context,

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A Guide to Transportation Contract Management & Other Types of Contract

How Do Market Swings Impact Shipper-Carrier Relationships?

The Enactment of the FMC’s Detention and Demurrage Billing Requirements: Final Rule in Motion

Baltimore Port Reopening: Implications and Strategic Adjustments

Managing Supply Chain Disruptions: Costs and Solutions

Building a Circular Supply Chain

Trucker Communication Doesn’t Cost Much but Can Make All the Difference

Protect Your Shipments From Cargo Theft

The State of LTL Shipping in Light of YRC Freight Bankruptcy

The Ultimate Guide to Tanker Endorsements and Bulk Drivers

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