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Will ROAD FREIGHT RATES IN THE Eu GO UP IN THE LATTER PART OF 2024 - KTL UK

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  A recent analysis suggests that road freight rates in Europe are likely to be subject to continued upward pressure over the coming months.  What’s happening with European road freight rates as we enter the second half of 2024?  Individuals and organisations with a requirement for intermodal freight solutions may be interested in a recent analysis suggesting that road freight rates in Europe are likely to be subject to continued upward pressure over the coming months.  The analysis in question was undertaken by the International Road Transport Union (IRU), which found that the costs faced by transport companies were not decreasing at all.  Furthermore, there are signs of a gradual awakening of demand, while toll increases in some countries look set to contribute further to climbing freight rates.  2024’s early months were subdued, but signs of change are emerging  Quarterly research carried out by IRU and Transport Intelligence found th...

Transportation Of Hazardous Substances Takes A Particularly Skilled, Experienced And Trustworthy Freight Forwarder. Trust KTL UK

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  We can take the stress and hassle out of your transportation of hazardous substances  Hazardous substances are exactly that – hazardous. So, if you wish to have certain substances under this banner – such as flammable liquids or corrosive substances – transported from one location to another, you will need to be vigilant about a wide range of factors.  There are various regulations that apply to how hazardous substances are stored and transported, within the UK and around the world.  Specific substances may be targeted by specific legislation, and you will need to be well-informed on the relevant rules and how to comply with them. This task may become especially complicated if there is a need to transport hazardous substances across multiple national borders.  It is frankly no wonder, then, that when many importers and exporters need to ship hazardous substances to a particular location, they seek out a freight forwarder that is renowned for the dept...

3 Issues That Might Arise In Your Use Of Bonded Warehousing Services - KTL UK

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  As we previously addressed in some detail in our news section here at KTL, it can be a good idea to embrace the use of bonding warehousing for quite a few reasons.  The advantages of bonded warehousing services include the closeness of such facilities to major ports, as well as the fact that they save importers from having to pay customs duty and VAT until the stored items are taken out of the warehouse or sold.  However, for all the convenience and cost-saving that bonded warehousing services can unquestionably bring, there can still be certain disadvantages, obstacles or issues that can arise with them. Here are a few examples of what we mean.  A need to keep tight control over costs  With the storage of goods in a bonded warehouse frequently being for prolonged periods of time, it can be easy for the costs of such storage to accumulate.  So, you will want to keep a close watch over such expenditure, especially given that much of the whole...

Finding The Right Goods In Transit Insurance Is Hugely Important. Here Are Tips From KTL UK.

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  3 tips for finding the right goods in transit insurance  We have written in the past here at KTL about goods in transit insurance – otherwise known as “GIT insurance” – and the importance it has for protecting shipments that are on the move.  Although it isn’t legally mandatory to arrange goods in transit insurance if you need to have certain items transported from one place to another, there are certain circumstances in which the protection this cover provides is likely to be especially crucial. Many businesses that offer the delivery of products to customers, for example, routinely invest in GIT insurance.  With all that in mind, if you have decided to purchase goods in transit insurance for your shipments, here are some ways to narrow down your options for such a policy.  Check that the policy covers the goods you will be transporting  It might seem overly obvious to state, but it can be easy to miss details in the terms and conditio...

Ever Wondered How A 3PL Broker Differs From A Freight Brokerage? Here’s What You Need To Know.

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  How does a 3PL broker differ from a freight brokerage?  The processes involved in moving goods across international borders can become extremely complex, very quickly. This makes it unsurprising that all manner of companies needing to execute such operations turn to a freight broker or a third-party logistics (3PL) broker to coordinate it all.  However, it might not be entirely clear to you what the difference is between a 3PL brokerage and a freight brokerage. Below, then, we have set out why the two terms are not entirely synonymous, and what the implications of this may be for your organisation.  ‘3PL brokerage’ is a broader term than ‘freight brokerage’  As we referenced above, a 3PL company is a third-party logistics company. It is a type of service provider, then, that either arranges or handles a range of supply-chain functions for a business. Such functions may encompass not only shipper services, but also the likes of brokering, supply chain...