Interim Report ------------------------------------------------- Old Dominion Freight Line Inc. Bryson DeVan‚ Rachel Lassoff Old Dominion Freight Line Inc.‚ or ODFL‚ is a truckload motor carrier that operates in both the United States and North America. It provides regional‚ inter-regional‚ and national services across North America and has established itself as leader in the freight industry (Old dominion freight line Inc. Profile‚ n.d‚ n.p). ODFL’s success can be seen in its steadily rising stock
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Deltona Lines‚ INC. Besson Freight Company had an agreement with Jay Transportation to purchase their assets for 225 million. In order to finance their purchase‚ Besson asked a shareholder in Besson‚ Deltona Lines‚ to invest 110 million. Deltona agrees with the stipulation that the investment be made into a newly formed subsidiary named Del-Bess Inc. Deltona will own 80 percent of Del-Bess voting preferred stock. Also in Deltona’s agreement‚ Besson would contribute an amount to be determined by
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U T I V E S U M M A R Y] Executive Summary: Freight forwarding is a service used by companies that deal in international or multi-national import and export. While the freight forwarder doesn’t actually move the freight itself‚ it acts as an intermediary between the client and various transportation services. Sending products from one international destination to another can involve a multitude of carriers‚ requirements and legalities. A freight forwarding service handles the considerable logistics
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Sea Freight Freight forwarders; Advantages 1. regular service 2. consolidation 3. use a specialist who has experience and connections 4. provide warehouses 5. they sell space in their containers (depends on the route/itinerary) 6. they negotiate transportation prices with the ‘carriers’ (transportation companies; either shipping line or airline) 7. provide insurance 8. facilitate customs clearance 9. they help trace/track shipments 10. they do the administrative work‚ ‘documentation’
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How Does a Freight Forwarding Company Work? Freight forwarders manage‚ schedule‚ supervise and coordinate the shipment of goods domestically and across international boundaries. In some cases‚ freight forwarders may be required to cross load or arrange warehousing services during transport. Freight forwarders are responsible for communicating with transportation companies to monitor the status of shipments so they can update their clients on a daily basis. A non-vessel operating common carrier
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Blueprinting of Freight Forwarding Talk to executive Get personalized solution Access to new markets The only complete logistics and international trade services provider Customs clearance Global shipping & freight forwarding Warehousing & distribution Classification & duty calculation Delivery of goods The business of forwarding freight is certainly picking up‚ as complete globalization is not only a prediction of things to come but already
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What is an International Freight Forwarder? ... "Once upon a time‚ people thought of customs brokers and freight forwarders as simply agents somehow linked to the shipping industry. Now‚ at last‚ these go-betweens are being given their due as crucial middlemen in making life easier for importers and exporters. .... Simply put‚ the freight forwarder is the cargo expediter. As intermodal transportation becomes more complex‚ the job of freight forwarder becomes more essential and difficult.
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As a result‚ the inventory supplies have to be ordered and shipped air freight; which is very expensive. 2. Air freight bills keep growing both in numbers and in total dollar value of freight transported. What are the factors that have contributed to the development of this situation? Do they reflect efficient or inefficient management of supply‚ inventories‚ and production in firms such as this one? Discuss. Air Freight bills keep growing because there isn’t enough inventory on hand to run a
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will present similarities and differences between the methods used by FedEx Freight and Scripture’s teachings regarding putting people first. It will offer ways for leaders to develop a people-first culture. Finally‚ it will provide biblical connections to the values displayed by FedEx Freight and highlight current literature that aligns with these values. FedEx’s Methods and Scripture’s teachings Similarities Fed Ex Freight provided the best equipment and technology for their employees to do their
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industry are efficiency‚ globalization‚ sustainability‚ and security. The freight industry and its customers use information technologies and telecommunications to improve freight system efficiency and productivity‚ increase global connectivity‚ and enhance freight system security against common threats and terrorism. These technologies help freight forwarders operate the transportation system more intelligently. Freight Management System (FMS) is design to help analyze and determine how‚ where
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