Large companies depend more on technology to fasten macro and micro-level tasks. Therefore, the trucking service companies sector has shifted its focus to outsourcing their tasks. Rapid turnaround using automation technology has eliminated the time delays in various business processes, including freight bill processing. Read More
Freight billing may look easy on the surface, but it is a complex task and demands accuracy and efficiency right from generating invoices to collecting payments. The logistics industry is always grappling with problems like inaccuracy in billing and payment challenges.
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The freight business is 12% of the global economy, and 40% of the global economy is dependent in some way on freight and logistics. If talking about the U.S. only, nearly every good is put on a truck at some point. Trucking is the largest contributor to the global supply chain and logistics. There is fierce competition in the trucking industry because of low barriers to entry.
Trucking is a very labor-intensive industry. Companies require skilled workforce for every vertical of the business. The trucking industry has faced a lot of additional unforeseen challenges over the last year owing to transport freezing and stoppage of cross-border trade in the wake of the pandemic. Read More
Processing bills of Lading and Freight Bills correctly and quickly can help Trucking Companies increase their Revenue. A mistake made while processing these documents can cost logistics companies money and time. Read More
Trucking companies outsource many back-office tasks to improve their operational efficiency. Back-Office tasks such as data entry, freight bill processing, logistics need to be managed. Trucking companies have many recurring tasks such as order fulfillment, tracking various shipments, collecting payments from their clients, paying their employees and drivers. Read More
Recent times have been challenging for shipping companies with rising transportation costs and higher freight bill charges cutting into their bottom lines. Simultaneously, the pandemic has also highlighted the important role of logistics operations in delivering essentials supplies like food, medicines, and even vaccines in times of need.
Successful logistics operations are fraught with several technicalities and legalities, all of which must be performed with utmost speed and accuracy to ensure that all shipments are delivered to the exact destination at the specific time as stated in the contract between the shipper and the carrier.
With virtual collaboration and remote work becoming the norm rather than the exception, businesses are swiftly turning to high-performance remote teams as a way of boosting efficiency. This, in turn, has created a corresponding need to create smarter ways of managing remote teams for productivity and success.
As a crucial service sector, logistics operations must have the ability to continue uninterrupted despite any disruptions or even unprecedented situations. Apart from the physical journey itself, there is an extensive trail of paperwork that needs to be verified, processed and delivered on time to execute a successful logistics run.