You just cannot run your business successfully if you do not select the best shipping partner. With so many freight forwarders available today, it is natural to feel confused. That is actually the reason why selecting the right shipping company has now become one important logistic decision. Failing to select the right carrier will lead to wasted money, wasted time, and unhappy customers. In short, your business will suffer a great deal if you do not select the right carrier for shipping freight.
Thankfully, you can pay attention to a few important points to increase the likelihood of selecting the best shipping company.
Pay Attention to the Transit Time
You should never select a company without paying attention to their transit time. You can certainly opt for shipping via ocean, but you may want to avoid it completely if you cannot afford a delay of weeks and sometimes months. It is often a good idea to get some information about the Estimated Transit Time (ETT) by calculating the difference between the Estimated Time of Departure (ETD) and the Estimated Time of Arrival (ETA) to the destination. Just find the ETT and compare it with your unique needs. You should select a company with an ETT best suited to the needs of your supply chain.
While considering the transit time, it is important to consider the equipment a carrier is using. For instance, you may want to avoid an ocean freight company that practices slow steaming, which means the ship operates at a very slow speed. In fact, it sometimes means that a ship operates at 21mph less than its maximum speed. Most companies use this practice to cut their overall expenses and cost of operation – Ships operating at a slow pace do not require as much fuel as ships operating at their maximum speed.
Consider the Price
When selecting a company for shipping freight, it is important to check how much money you will have to spend. It is important to have a good idea of how much money you can afford to spend. Knowledge about your budget will make it easier to select a right shipping company. If you choose ocean carriers, you will have to pay as per the size of your shipment. The price is often calculated by cubic meters in case your shipment is less than container load (LCL). Be sure to consider other charges as well when shipping freight across borders. In this case, you should consider if you are going to ship FOB or CIF. Both options will have a direct impact on your cost and liability.
The crux of the matter is that you can select a good shipping company only when you compare their services, transit time, and cost with your business needs and budget constraints. Of course, you should also consider reliability and routing before finalizing a decision, but you should never make any compromises when it comes to transit time. So, know your needs to select the best option.