FACTORS RELATED TO FREIGHT FORWARDING

RAJESH KR ROYPGDRM, IISWBM

KOLKATA

WHAT IS FREIGHT FORWARDING

Freight forwarding is a service used by companies that deal in international or multi-national import and export. While the freight forwarder doesn't actually move the freight itself, it acts as an intermediary between the client and various transportation services. Sending products from one international destination to another can involve a multitude of carriers, requirements and legalities.

RESPONSIBILITIES FOR FREIGHT FORWARDING Freight forwarding services guarantee that products will get

to the proper destination by an agreed upon date, and in good condition.

The freight forwarding service utilizes established relationships with carriers of all kinds, from air freighters and trucking companies, to rail freighters and ocean liners.

Freight forwarding services negotiate the best possible price to move the product along the most economical route by working out various bids and choosing the one that best balances speed, cost and reliability.

TYPE OF FREIGHT FORWARDING

Truck Freight

TYPE OF FREIGHT FORWARDING

Rail Freight

TYPE OF FREIGHT FORWARDING

Airway Freight

TYPE OF FREIGHT FORWARDING

Port & Shipping Freight

TYPE OF FREIGHT FORWARDING

Pipeline Freight

FACTORS EXPLANATION

Expertise- Degree of expertise in providing relevant services.Customization- Ability to meet unique customer requirements.Flexibility- Ability to provide both air and sea freight services.Additional logistic services- Ability to provide a wide range of services.Reliability- Reliability of the IFF's service.

FACTORS EXPLANATION

Meeting Deadlines- How well the IFF meets pickup, delivery and distribution deadlines.International Deployment- No. of branches/offices worldwide; no. of countries in which the IFF is represented.Quality certification- How well the IFF meets ISO 9002 and IATA and FIATA standards.

FACTORS EXPLANATION Experience- Years of forwarding activity.Company size- No. of IFF company employees.Information availability- The ability to access/interface with the IFF's information technology.Reliable information-The reliability of IFF's information systems.Online pricing - The ability to receive price quotes over the Internet.

FACTORS EXPLANATION

Reports tools- The customer's ability to produce status reports independently.Competitive prices- Ability to offer attractively priced services.Taxation- Ability to minimize the customer's tax payments.Classification retention- Ability to create a customs classification data base

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