The technology and innovation in the shipping industry have opened doors for third-party logistics and freight companies to get real-time access to shipment information. By integrating shipment data into a single dashboard, shipment companies have access to all the information about the container at each stage of the shipping journey.
Not just that, tracking your containers through advanced tracking software allows you to provide your customers with up-to-date information about their packages, which leads to customer satisfaction. Learn more about the benefits of container location tracking below.
Real-time shipment tracking
Tracking software is a revolutionary force in global logistics. It delivers real-time data on all of your shipments, anywhere in the world, all the time. It provides critical information to shippers, carriers, receivers, and government officials. It links container activity with events and conditions, such as weather, security, and crime.
Moreover, container tracking gives shippers better control over their cargo. It gives carriers and receivers better control over their cargo and improves efficiency, security, and visibility.
Reduction of demurrage fees
Demurrage charges are also sometimes called dockage or franchise charges. They are charges imposed by governments for the use of their ports. A container ship typically has to buy or lease a container and then rent or buy it a berth in a port. The port limits the number of ships that can berth there and charges a proportionate fee for each ship. The port charges more for a berth for longer stays.
Dockage charges are money taken from your container when you’re not using it. The only way to eliminate these charges is by using a tracking system. Using container tracking software, you can track their position and tell the port where your container is. So the port doesn’t need to bother keeping track of them.
Efficient supply chain operations
Container tracking software can be a boon to businesses. They keep you up-to-date on the location of your cargo, improving efficiency and safety. Many businesses, like manufacturers, have to travel long distances to pick up their cargo.
Truck companies that use a GPS tracking system to determine the amount of fuel needed to travel to your delivery location experience reduced costs which hugely increase the efficiency of their business.
Improved business revenue
A highly integrated tracking software allows an improvement in your business operations and leads to more revenue. Return on investment (ROI) measures how much profit a company makes on each of its shipments.
When determining the ROI for the first party and third party logistics, you have to take into account the cost associated with ensuring there’s no disruption in your supply and distribution chain.
Conclusion
When the shipments are delayed, the recurring costs of the disruption may increase, ultimately affecting your expenses. The idea behind container tracking is simple: you use a tracking number to keep track of what products are going to arrive when. By knowing exactly when your shipment will arrive, you can plan your logistics more effectively and reduce costs.