Recent Blog Posts
How 3PLs and Freight Brokers Can Use Data to Drive Business Growth
Data is arguably one of the most valuable resources that third-party logistics providers (3PL) and freight brokers have, but in many cases, little is being done to maximize the value that it can provide. The[...]
When you speak to any executive that has been in the LTL market for two years or more, they will likely tell you that of the top five pain points in the industry, two are[...]
Improving Your Accounts Payable & Accounts Receivable With Automation
Most freight brokers and third-party logistics providers (3PLs) are well aware of the slim margins that exist in the logistics business and that streamlining financial operations is key to organizational health. A key part of[...]
It has long been accepted by third-party logistics providers (3PLs), freight brokers, carriers, and shippers that invoicing errors are just a part of doing business. Multiple research reports state that up to 25 percent of[...]
Fueling Growth: Core Areas To Build A Thriving 3PL & Freight Broker Business
Ask any executive in any industry and one of their primary goals is growth. The same goes for freight brokers and third-party logistics providers (3PLs). Even with all of the turbulence in the logistics industry,[...]
The Future of Logistics, DSO and LTL Trends: A Discussion With Curtis Garrett
We recently had the opportunity to sit down and have a discussion with Curtis Garrett. Curtis is the Senior Vice President, LTL at FreightPlus and also one of the premier experts on the world of[...]
Virtually every freight broker or third-party logistics provider is familiar with a Transportation Management System (TMS). A TMS is essential for business operations such as the optimization of routes, the selection of certain carriers, and[...]
Embracing AI and Machine Learning: A Game-Changer for Logistics Companies
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized various industries, and the shipping and freight sector is no exception. As freight brokers and third-party logistics providers (3PLs) look to streamline their operations, many are[...]
How 3PLs and Freight Brokers Can Maximize Profits & Have Sustainable Growth
When it comes to growing your business, effective financial management can make all the difference. Two critical aspects that all freight brokers and third-party logistics providers (3PLs) should be focused on are optimizing cash flow[...]
The Power of Reducing Days Sales Outstanding (DSO) for Your Business
In any business, cash flow is king, this is especially true for those in the logistics space. With the economic uncertainty and the impact that it has had on the freight market, it is imperative[...]
“If you can help reduce our days sales outstanding (DSO), that will be a big win.” This is what I heard recently from the Director of Finance for a freight broker. At the time of[...]
Four Key Metrics That All 3PLs & Freight Brokers Need To Be Tracking
Maximizing revenue growth is a top priority for most logistics companies to achieve long-term success. But how can companies ensure that their current operations and strategies are best positioned to achieve those goals? Measuring and[...]
AI, Analytics & The Future of Tech: A Q&A With Kevin Ziegler
We recently had the opportunity to sit down with Kevin Ziegler, Chief Technology Officer for Navix. With over 20 years of experience in technology and the leader of our technology and development teams, we wanted[...]
The cash conversion cycle is an important process for any third-party logistics provider (3PL) or freight broker that wants to improve their financial health. However, in many organizations, the focus on this key area of[...]
One of the things every business owner knows is that little things make the difference and that when you get the small things right, it often leads to positive and impactful outcomes. One of those[...]
Knowledge is Power – Leveraging Real-Time Analytics as a Catalyst for Growth
There is no shortage in the amount of data that is available to third-party logistics providers (3PLs) and freight brokers that will help them make decisions. Being a data-driven business can often be a competitive[...]
Debunking 4 Common Myths about Invoicing, Auditing, and the Cash Conversion Cycle
As long as there has been a logistics industry, organizations have had the challenge of managing invoicing, auditing, and the cash conversion cycle efficiently. And, it seems as long as there have been these challenges,[...]
The goal of any third-party logistics provider (3PL) or freight broker is to ensure seamless transportation and delivery of goods for their customers. While there are many other business objectives, this is priority one. Making[...]
Four Ways Artificial Intelligence Can Revolutionize Your Business
In today’s rapidly evolving world, we have seen the logistics and transportation industry embracing innovative technologies to stay ahead of the competition. Artificial Intelligence (AI) and machine learning have emerged as game-changers. We are seeing[...]
I just returned from SMC3 Connections in Orlando. It is always a highlight of my year and I enjoy the many conversations and the insights that the conference affords; this year was no exception. Over the[...]
Why 3PLs & Freight Brokers Should Invest in Technology During the Economic Downturn As the saying goes, “When the tide goes out, you see who’s naked”. And the saying applies here, that when the economy[...]
How AI and Automation Are Transforming 3PL & Freight Broker Efficiency The world of logistics and supply chain management is rapidly evolving, with technological advancements driving unprecedented levels of efficiency and cost reduction. Among the[...]
In today’s fast-paced logistics industry, efficiency is the key to staying competitive. As published in Digital Journal, the freight audit and payment market is set to experience significant growth over the coming years with a[...]
Embracing AI and Machine Learning: A Game-Changer for Logistics Companies
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized various industries, and the shipping and freight sector is no exception. As freight brokers and third-party logistics providers (3PLs) look to streamline their operations, many are[...]