What is Foreign Trade Zone (FTZ)?
A Foreign-Trade Zone (FTZ) is a zone authorized as exempt from many regular US Customs rules and regulations. There are many Foreign Trade Zone (FTZ) Advantages & Benefits that importers can take advantage of to improve:
- cash flow
- increase global logistics efficiency
- reduce redundant or unnecessary logistics costs
- retain flexibility
Partial Truckload vs Volume LTL (Less Than Truckload) shipments aren’t the same thing, though it’s easy to get confused by jargon if you’re a newbie in the shipping industry. Here’s the difference between partial truckloads and volume LTL shipments.
LTL shipping, also known as Less Than Truckload, refers to shipments that do not require a full trailer for transport. Many growing businesses rely on this service to deliver their goods to customers in all industries across North America. Choosing the right 3PL for LTL shipments can be very crucial to a small business’ livelihood.
A Transportation Management System, or TMS, is a solution that manages the dispatching of trucks or carriers. As well as fleet maintenance, billing, driver pay, driver records, IFTA reports and DOT compliance.
Additionally, a Transportation Management System streamlines operations by optimizing carrier routes, and reporting key analytics while improving customer service across business areas.