article thumbnail

Freight Forwarder: Key Workflows and Technology

Altexsoft

In 2021, according to different studies, the freight forwarding market was valued at $186 to $192.5 Shippers can definitely arrange transportation of their goods themselves and save on the commission, but it often turns out that outsourcing it to professional freight forwarders pays off in the long run. What is a freight forwarder?

article thumbnail

Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Would you consider fixed costs, competitor prices, or both?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Terminal Operating Systems: Main Features, Integration, and Providers Overview

Altexsoft

The recent Royal Bank of Canada (RBC) overview of global supply chains explicitly displays how bad port congestion currently is – and how it keeps getting worse. The study states that one-fifth of the global container ship fleet is stuck at various major ports. The ports of Los Angeles and New York are not far behind. Main terminal challenges.

article thumbnail

Rail Fleet Management: How Technologies Help Handle Asset Tracking and Maintenance in Freight Rail Industry

Altexsoft

Railroads are an indispensable part of the supply chain when transporting both bulk shipments and intermodal containers. Compared to truck – its main competitor – train is cheaper (in the US it’s 4 cents vs 20 cents per ton-mile), more efficient (the record-breaking train was 682 cars and 4.5 Rail fleet management main components. ETA forecasting.

article thumbnail

How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

Amid an intense war for top talent, companies must differentiate themselves in a global marketplace to be able to attract and retain people that deliver the most value: “ As the market for high?performing The day may come when a seasoned professional tells you or your colleague about their plan to leave the company in a month.

article thumbnail

Solving 9 Business Problems with Micro Frontends

Modus Create

Many relevant businesses have already migrated to micro frontends. Companies like Microsoft, Verizon, Volkswagen, Pfizer, Sony, and Amazon are reaping the benefits of development and delivery at scale. What are Micro Frontends? Feature apps integrate into the whole at runtime, creating incredible opportunities in digital presence dynamics.