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Freight Forwarder: Key Workflows and Technology

Altexsoft

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. Freight forwarders are experts that boost global trade and international transportation. What is a freight forwarder?

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

Pricing tools evaluate a large number of internal (stock or inventory, KPIs, etc.) How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? Would you consider fixed costs, competitor prices, or both? Pricing automation.

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

Altexsoft

In this article, we describe the terminal operating software, its main features, possible integrations, and ways it can benefit the port productivity. 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. Main terminal challenges.

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

Altexsoft

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 Understanding when exactly the train is expected to arrive is of the same importance for shippers and other supply chain stakeholders. ETA forecasting.