Descartes White Papers
One of the biggest line items in logistics spend is the cost of moving goods over the ocean. This is true for several reasons, not the least of which is the complexity of the movement itself and, in turn, the complexity of billing processes. Ocean freight rates encompass a growing inventory of surcharges, turning bill of lading calculations into mathematical challenges. Given that ocean freight invoices represent the largest single component of any logistics spend, they also account for the greatest margin of error in the financial supply chain.
Fuel costs are increasing by the day with no sign of letting up and these increasing costs along with inefficient asset utilization are having a dramatic impact on the margins of organizations with fleet operations.
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