Explore CIF and FOB shipping terms to understand buyer versus seller responsibilities, cost implications, and best practices ...

"FOB" was originally an ocean-freight acronym. Once the freight passed beyond this boundary of the ship's rail and moved onto the vessel, the seller had completed all of its delivery obligations to ...

Trading in commodities has various terms, particularly if a produce has to be exported or imported. Transportation is part and parcel of any trade. Therefore, let us look at various freight terms in ...

Freight Technologies (FRGT) has released an update. Freight Technologies, Inc. has entered into a Term Note Purchase Agreement to secure a $125,000 term loan from Freight Opportunities, LLC, with ...

With fuel costs rising, recovering your freight costs before you ship your merchandise reduces your cash outlay. Sending an order via freight on board, also known as free on board, with prepaid ...

With 2020’s tumultuous ride on the spot market showing little signs of slowing, shippers and carriers increasingly are leaning on short-term freight contract agreements as a bridge to calmer days and ...

The definitions of freight “broker” and “bona fide agents” of freight brokers are being rethought by the Federal Motor Carrier Safety Administration. On Nov. 16, the agency issued a Notification of ...

Suez Canal re-opening will likely be later than ZIMs conservative Mid-2025 guidance in Q4 report. Geopolitical impacts (trade wars, decarbonization) on freight are widely overblown given the 2018+ ...

The spread between spot ocean freight rates and the long-term contract market is at its highest since September 2021, equal to $2,500. Ocean spot freight rates have tumbled for a sixth-consecutive ...

The government is open to renegotiating the pricing structure for freight if it makes goods more expensive for islanders, ...