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IMPARGO's transportation and logistics glossary

Find the definitions of the most important terms used in transportation and logistics industry

IMPARGO's logistics glossary/F/Freight Forwarding

What is Freight Forwarding?

Freight Forwarding is the organization and shipment of goods from one place to the other using a single or multiple carriers. The shipment of the goods occurs via air, land or sea. The person or company responsible for organizing the shipment is known as a freight forwarder.

Regarding the freight forwarding tasks, these may include:

  • Selecting the ideal physical transport route and circumstances
  • Scheduling shipments with the carriers and managing the documentation needed to convey items between the various nations in the supply chain
  • Keeping track of the flow of shipments
  • Getting and giving the client information on tracing and tracking

Freight forwarding is the strategic planning and execution of logistics on behalf of shippers for the delivery of goods around the world. A freight forwarder's specific duties include, among other things, negotiating freight rates, tracking goods, filling out customs documentation, and freight aggregation.

Importing and exporting may be a lucrative source of revenue generating for companies with the financial means to put effective logistical plans into action. To put it lightly, managing the logistics of an international cargo is challenging.
 

Related Topcis

Freight ForwardingDSLVFreight ForwarderADSpGroupage Freight
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