Ascent Global Logistics Blog
On behalf of our entire team, we are extremely proud to introduce Ascent Global Logistics.
Regardless of how much industry experience you have, determining freight classification and staying in line with the National Motor Freight Traffic Association’s (NMFTA) rules, can be frustrating, especially if you get it wrong.
A final rule was recently published in the Federal Register, impacting all ITAR (International Traffic in Arms Regulations) and all BIS (Bureau of Industry and Security) controlled exports. Effective November 15, 2016, all ITAR or BIS controlled exports will be required to list a revised Destination Control Statement (DCS) on the commercial invoice.
Incoterms are standardized terms used within international trade to outline the exact delivery terms between a buyer and seller. Incoterms summarize who is responsible for loading and unloading, delivery, payment and insurance.
The Panama Canal and Suez Canal are longtime rivals within the container shipping industry as both canals support the flow of global trade by shortening historical trade routes. Container ships have continued to grow in size and the canals noticed the need for expansion projects in order to keep pace with the industry.
Increasing consumer demands mean that suppliers and customers have to work together to satisfy the end-user. In today’s economy, sometimes that means switching from traditional logistics to JIT (Just In Time), which means smaller quantities of products are moving from suppliers to customers as they are needed, rather than being shipped in mass quantities and sitting in a warehouse.
Whether you’re new to the transportation industry or brushing up on your terminology, it can be challenging to understand freight related terms. Without insight into what the terms mean and how to apply them to your shipments, logistics can become frustrating – especially when the terms are related to charges.
One of the most important pieces to understand when supplying product to Walmart is the order write. Below our team has outlined exactly what an order write is and why it is important to understand.
How can consolidation help Walmart suppliers? Consolidation helps Walmart suppliers become more efficient by converting typical LTL (Less-than Truckload) shipments to FTL (Full Truckload) shipments. Essentially, consolidation combines freight from multiple Walmart vendors into one truck to increase efficiencies and minimize costs.