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[...]
“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[...]
Virtually all freight brokers and third-party logistics providers (3PLs) understand the continual challenge of scaling their business while maintaining profitability. Traditionally, increasing business volume meant hiring more staff leading to higher overhead costs which can[...]
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,[...]