by Danya Rielly | Jun 9, 2023 | Glossary
GLOSSARY Landed Cost In logistics and supply chain, landed cost refers to the total cost incurred to transport goods from the seller’s location to the buyer’s designated destination. It encompasses not only the cost of the goods themselves but also various...
by Danya Rielly | Jun 8, 2023 | Glossary
GLOSSARY General Rate Increase What is GRI in shipping? A General Rate Increase (GRI) refers to an across-the-board increase in freight rates imposed by shipping lines or carriers. It’s a common practice in the shipping industry to adjust rates periodically to...
by Danya Rielly | Jun 8, 2023 | Glossary
GLOSSARY Customs Duties What are customs duties? Customs duties are taxes imposed by the government on goods that are imported or exported. These duties are usually based on the value, quantity, or weight of the goods and are collected to generate revenue, protect...
by Danya Rielly | Jun 2, 2023 | Glossary
GLOSSARY Schedule B Number The Schedule B number, also known as the Harmonized System (HS) code, is an internationally recognized numerical code used to classify products for import and export purposes. It facilitates the smooth flow of goods across borders by...
by Danya Rielly | May 31, 2023 | Industry
7 Ways to Optimize Productivity and Profitability of Last Mile Delivery Last-mile delivery, the final step of the transportation and logistics process, is a critical element for shippers, couriers, and freight forwarders. It’s the point at which goods are delivered to...
