Freight Forwarders Adopt 10 Strategies to Mitigate Bad Debt Risks

Freight Forwarders Adopt 10 Strategies to Mitigate Bad Debt Risks

Freight forwarding companies face the risk of bad debts. This article provides ten risk control strategies to help businesses avoid risks and ensure stable operations. These strategies include: customer background checks, payment method selection, contract signing, cautious handling of special goods, vigilance against abnormal situations, compliant handling of dangerous goods, credit limit control, evidence preservation, and timely loss mitigation. By implementing these measures, freight forwarders can proactively manage potential financial losses and maintain a healthy business.

09/26/2025 Logistics Industry Insights
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Key Differences Between LCL and FCL Shipping

Key Differences Between LCL and FCL Shipping

This article analyzes the key differences between Less than Container Load (LCL) and Full Container Load (FCL) shipping. LCL shipping involves multiple customers' goods being packed in a shared container, enhancing transport efficiency and reducing costs. In contrast, FCL shipping entails renting an entire container, suitable for clients needing larger shipping capacities. There are also significant differences in the bill of lading and consignees between the two.

07/17/2025 Logistics Encyclopedia
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Hazardous Goods Classification Vital for Global Freight Safety

Hazardous Goods Classification Vital for Global Freight Safety

The report on the classification and identification of dangerous goods plays a crucial role in international cargo transportation. Its main functions include providing information on the handling of hazardous materials and determining whether goods inspections are required for customs clearance. Proper handling of this report necessitates the provision of samples and safety data sheets, with fees typically around 1500 yuan, depending on the responsible agency. This report is valid for one year and helps ensure smooth transportation and customs processes.

07/29/2025 Customs Knowledge
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Basic Conditions for Safe Road Transportation of Hazardous Goods

Basic Conditions for Safe Road Transportation of Hazardous Goods

Road transportation of dangerous goods requires operators to meet the basic conditions of general freight transport, as well as specific requirements. These include compliance with safety regulations for vehicles and equipment, legal permits for parking lots, trained personnel with necessary knowledge and relevant certifications, drivers with safe driving experience, and a professional management team with safety systems in place.

07/17/2025 Logistics Encyclopedia
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Guide to Safe Trimethylaluminum Export Shipping

Guide to Safe Trimethylaluminum Export Shipping

This article details the sea freight export process and required documentation for trimethylaluminum, including product information, packaging labeling, and essential documents. It emphasizes the importance of selecting a professional freight forwarder, aiming to help customers complete dangerous goods sea freight exports safely and efficiently. The guide covers key steps and considerations to ensure compliance and smooth transportation.

01/17/2024 Logistics Encyclopedia
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Less Than Container Load Shipping An Economic Choice For Small Shipments

Less Than Container Load Shipping An Economic Choice For Small Shipments

Less than Container Load (LCL) shipping is a transportation method suitable for small shipments, where goods from different shippers are consolidated in a single container. This approach not only reduces shipping costs but also offers significant flexibility to quickly adapt to market demands. Additionally, LCL shipping has a smaller environmental impact, making it an economical and eco-friendly transportation option.

07/22/2025 Logistics Encyclopedia
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The Relationship Between Freight Rate and Shipping Cost: Key Connections and Market Impacts

The Relationship Between Freight Rate and Shipping Cost: Key Connections and Market Impacts

This article explores the definitions of freight rates and shipping costs and their interrelationship. It indicates that the freight rate represents the price of transportation labor, which directly influences the supply and demand dynamics of the shipping market. In contrast, the shipping cost is the compensation paid by the shipper to the carrier for completing the transportation of goods. The calculation of shipping costs relies on the product of freight rates and transportation volume.

07/21/2025 Logistics Encyclopedia
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Blank Sailings Disrupt Global Shipping Industry

Blank Sailings Disrupt Global Shipping Industry

This article provides a detailed overview of the concept of 'blank sailing' in shipping, analyzing its causes and impact on corporate logistics, while emphasizing the importance of understanding shipping dynamics. It also highlights how our Flexport team assists clients in adapting to this change, ensuring effective transportation of goods.

08/05/2025 Logistics Encyclopedia
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LTL Shipping Boosts Efficiency for Small Freight Transport

LTL Shipping Boosts Efficiency for Small Freight Transport

LTL (Less Than Truckload) transportation offers a cost-effective method for shipping smaller cargo. Although it may take longer than full truckload shipping, LTL enables cost reductions by consolidating several goods, thereby enhancing business flexibility. With multiple advantages, LTL services have become an indispensable choice in modern logistics.

08/05/2025 Logistics Encyclopedia
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