What is Freight?
Freight is the shipping of goods across the world. It is the largest industry in the world, with over 7 trillion USD spent on freight every year. Freight services are used by many companies of all sizes to transport their goods from one location to another.
How is Freight Calculated?
Freight calculation is the process of estimating the cost of transporting something, which can be done by breaking down your shipment into its components. Such components include weight, size, destination location etc.
What are the Hidden Costs of Shipping?
There are often hidden costs associated with freight and shipping. Some of these include shipping and handling fees, brokerage fees, import duties and taxes, fuel surcharges, and storage fees. In some cases, these are not one-time costs but rather a series of costs that will accrue as more products are shipped or the product travels through the supply chain.
The best way to get an accurate idea of the true cost of shipping your products is to communicate with your shipping company’s Account Manager. They will be able to provide you with an estimate of your total shipping costs and keep you updated on any additional fees or taxes that may pop up.
What are Oversized Items?
Oversized items are generally items that are large and heavy. They can be anything from a vehicle to a piece of furniture. Oversized items often incur more costs due to the extra care required in handling and transport.
What are Dangerous Goods?
Dangerous goods are items or substances which can pose a risk to health, safety, property, or the environment. These include a wide range of items such as weapons, ammunition, toxic chemicals, flammable liquids, and gases.
Transporting these types of goods often takes more care as there is greater regulation around them.
Why Should I Use a Custom Broker for International Shipments?
A custom broker is a person or company that arranges transporting goods internationally.
Custom brokers can offer several services to make the process of international shipping easier and more affordable. They provide logistical support and coordinate with different parties. They also make sure that all regulatory requirements are met and go over the documentation needed for customs clearance.
It is recommended that businesses consult a customs broker prior to shipping their products. This will likely save them time and money and prevent the occurrence of common issues associated with freight.