Freight Forwarder Finances

How freight rate is determined, freight audit, Understanding freight quotation, freight forwarding profitability etc.

What you'll learn

Trade financing for international freight forwarders

Understanding a freight quotation and tips to ensure an accurate quote

Freight forwarding profitability

Examples of external financing alternatives

Powerful tips to improve your freight forwarding

Stages of the freight forwarding process

Creating a business plan for your freight forwarding

Ways freight forwarders can improve sales

The importance of accounting reports for independent freight forwarder

How to maximize return on investment in freight forwarding/ logistics

Key performance indicators you should implement in your logistics company

How freight rate is determined

Requirements

No requirement

Description

Freight forwarding is the process of organizing and coordinating the transfer of commodities across international borders on behalf of shippers and receivers. Warehouse planning, providing cargo insurance, and customs brokerage are just a few of the other responsibilities that must be completed. Freight forwarders manage the risk and benefits of shipping both nationally and internationally by negotiating tariffs, import restrictions, and being proficient in the demand of shipping by land, sea, rail and air. The shipping method used for ground freight is known as ground transportation. This type of shipping, which is also known as door-to -door delivery, is primarily used for local deliveries of goods. Trucks are used for loading and unloading freight, whether it is within the same state or beyond state lines.A carrier can quote a customer freight rates either as part of a freight tender, a normal open rate, or a spot rate. Although the name on the quotation may say sea freight quotation there are several other charges included in a quotation and this needs to be segregated and understood clearly. There are some essential key performance indicators that need to be taken into consideration such as order accuracy, which monitors the degree of incidents from the placement of the order to delivery of a shipment. Ideal for any freight forwarder looking to identify patterns and continuously correct errors in order to make transportation safer. A freight audit vendor is therefore one who examines, adjusts and verifies freight bills for accuracy therefore, a freight audit is the process of examining, adjusting and verifying freight bills for accuracy. The business of freight forwarding also has variable cost, fixed cost, statutory cost and incidental cost that need to be taken care of accurately to ensure the successful operations of the freight business.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 What is freight forwarding

Lecture 3 History of freight forwarder

Lecture 4 Principles of freight forwarding

Lecture 5 Types of freight forwarding

Lecture 6 Transport finance

Lecture 7 Document transfer fees / handover fee

Lecture 8 Supply chain finance

Lecture 9 Freight forwarder agreement

Lecture 10 Freight rate

Lecture 11 Freight audit

Lecture 12 How freight rate is determined

Section 2: Trade Financing For International Freight Forwarder

Lecture 13 Introdution

Lecture 14 Bank loans

Lecture 15 Private lending

Lecture 16 Equity financing

Lecture 17 Supply chain financing

Section 3: Understanding Freight Quotation And Tips To Ensure An Accurate Quote

Lecture 18 What is freight quotation

Lecture 19 Freight quotation-Carrier to customers

Lecture 20 Freight quotation- LSP to customers

Lecture 21 General pointers on freight quotation

Lecture 22 Conclusion

Section 4: The Importance Of Accounting Reports For Independent Freight Forwarder

Lecture 23 What are accounting reports

Lecture 24 Why your company need accounting reports

Lecture 25 Common forms of accounting reports

Lecture 26 Data visualization of accounting reports

Lecture 27 How to use the accounting reports

Lecture 28 Accounting report software

Section 5: Stages Of The Freight Forwarding Process

Lecture 29 Introduction

Lecture 30 Export haulage

Lecture 31 Item check point

Lecture 32 Export customer clearance

Lecture 33 Import custom clearance

Lecture 34 Destination arrival and handling

Lecture 35 Import haulage

Section 6: Powerful Tips To Improve Your Freight Forwarding

Lecture 36 Introdction

Lecture 37 Have a plan

Lecture 38 Define roles, responsibilities and liabilities

Lecture 39 Sign an agreement with your freight forwarder

Lecture 40 Regularly evaluate performance

Lecture 41 Engage as a one stop shop

Lecture 42 Open and frequent communication

Lecture 43 Efficient financial flow

Section 7: Freight Forwarding Profitability

Lecture 44 Introduction

Lecture 45 Cost reduction can be achieved in a variety of ways

Lecture 46 Other ways of ensuring

Lecture 47 Client reduction and control

Lecture 48 Conclusion

Section 8: Example Of External Financing Alternatives

Lecture 49 Bank loan

Lecture 50 Bond lssue

Lecture 51 Angel investors

Lecture 52 Venture capital

Section 9: Creating A Business Plan For Your Freight Forwarding Business

Lecture 53 Market research

Lecture 54 Economic analysis

Lecture 55 Obtain proper registration licensing and insurance

Lecture 56 Choose a suitable infrastructure and hire the appropriate staff

Lecture 57 Invest in marketing to get your name ot there

Section 10: Ways Freight Forwarder Can Improve Sales

Lecture 58 Introduction

Lecture 59 Connect to ocean data directly via APIs

Lecture 60 Adopt predictive analytical tools to enhance freight procurement

Lecture 61 Digital network on linkedin

Lecture 62 Use freight forwarder logistic network

Section 11: How To Maximize Return On Investment In Freight Forwarding / Logistics

Lecture 63 What is return on investment

Lecture 64 Evaluating logistics software return on investment

Lecture 65 The best way to maximize return on investment is updating your freight forward

Section 12: Key Performance Indicators You Should Implement In Your Logistics Company

Lecture 66 Order accuracy

Lecture 67 Lead time

Lecture 68 Warehousing costs

Lecture 69 Capacity utilization

Lecture 70 Transportation cost

Freight forwarders, freight brokers, customers, truckers, transport agencies, cargo agencies, manufacturers, distributors, managers, directors, business people, freight regulatory agencies , everybody etc.