The National Motor Freight Classification® (NMFC®) is a standard that provides the freight class as a comparison of commodities moving in interstate, intrastate and foreign commerce. It is similar in concept to the groupings or grading systems that serve many other industries. Commodities are grouped into one of 18 classes—from a low of class 50 to […]
Logistics Companies Manage the way resources are obtained, stored and moved to the locations where they are required. Logistics management entails identifying potential suppliers, distributors and evaluating how accessible and effective they are. Even small companies deal with finding suppliers, moving inventory to and from stores and deal with warehousing. Any company that is in […]
The concept of a 4PL Logistics provider is an integrator that accumulates resources, capabilities and technologies to run complete supply chain solutions. Main Difference between 3PLs and 4PLs is that 3PL companies targets a single function, whereas the 4PL companies manage the entire process. Third Party Logistics Companies are sometimes managed by Fourth Party Logistics Companies. Functions provided by […]
Warehouse site selection can be a complicated process. We leverage expansive networks and industry knowledge to aid Customers in selecting a strategically placed warehouse site that is optimal for your specific distribution program. Companies focus on reducing their ocean freight cost, warehousing, Inland Transportation and Distribution costs without paying attention to the costs associated with having […]
International Freight Forwarding is part of the global supply chains, access to transportation capacity is an obvious requirement when selecting a freight forwarding company. International 3PL provides the shipment visibility and control that adds flexibility and efficiency. Importing and exporting are key components for many lucrative businesses. International shipping could present great business opportunities for you, but […]
What are third party logistics providers The need for an outside logistics provider triggered the evolution of Third Party Logistics Providers which has been the most dominant and arguably the largest market in the world. 3PLs offered great advantages to the companies in terms of • Economies of scale (merits from large truck fleets, warehouses, etc.) • Access […]
The terms 5PL, 6PL and 7PL are surfacing in various logistics and supply chain publications. 7PL is being used to describe a turnkey solution where instead of dealing with several people for various services like inbound, outbound and warehousing, The concept is ‘one contract, one bill’. 7PL is the combination of 3PL and 4PL into […]