What are the main factors that influence freight transportation costs?
Locada Changed status to publish July 11, 2024
Freight transportation costs are influenced by various factors, including fuel prices, distance, mode of transportation, shipment size and weight, shipping lane congestion, regulatory compliance, and carrier rates. Fuel costs, being a significant portion of expenses, are particularly sensitive to global economic conditions. Moreover, the choice between different transportation modes and the efficiency of supply chain processes also play a role in determining overall freight costs.
Locada Changed status to publish July 11, 2024