Freight forwarding is a multibillion-dollar global business. From documents to large parcels, parcel companies have delivery networks in almost every part of the world. Packages can range from personal packages to industrial raw materials.
Cargo forwarders are companies or individuals who arrange the forwarding and delivery of packages. They function as service providers or third-party agents who deal between customers and operators.
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They also ensure that all legal requirements such as duties and taxes are paid. They provide a tracking system and can also provide insurance coverage.
Many private shipping companies operate on a small scale. Their common customers are the ones who can deliver personal documents and packages.
On the other hand, some freight logistics companies operate on a large scale. This company can only serve manufacturers and suppliers. They usually accept wholesale packages.
Most freight forwarders only offer non-asset-based logistics services. This means that they only manage package deliveries and ensure efficient and safe delivery. Ensuring efficiency includes the speed of delivery and efficiency of shipping costs.
Apart from the physical aspects of package storage, security, and transportation, corporate carriers also pay attention to documentation aspects. This is actually the most important aspect of doing business.
The documentation aspect includes coding of delivery details, such as the name of sender and recipient, address of each, and type of article. It also contains legal documentation. Almost all shipping companies have special computer systems that store parcel data and track parcel shipments in real-time.