The Pros and Cons of Consolidation in the Shipping Container Industry
A prosperous trade business is based on all types of trade, big or small. For shipments that are small, containers are generally empty as the volume of goods cannot cover the entire shipping container . The leftover space in the container can be occupied by fitting in other shipments. Shippers with less-than-load (LCL) shipments can transport their goods by consolidation. Several small shipments for the same route are clubbed and organised for transit. The shipping carrier takes responsibility for consolidating shipments. It benefits the shippers with a relatively small load that does not fit the entire volume of any container and, thus, is instead transported as a part of various other cargo boxes. On the other hand, it takes a long delivery route, requires more management, and has certain associated risks. Let us learn more about the pros and cons of consolidation in the shipping industry. What is meant by carrier consolidation in the shipping industry? Shippers from different part...