FREIGHT MANAGEMENT SYSTEM MARKET IS EXPECTED TO GROW TO HOLD A SIGNIFICANT SHARE VIA MULTIMODAL FREIGHT TRANSPORTATION

Freight Management System Market in multimodal freight transportation is projected to hold a significant share over 2019-2025. It is combines various modes of transportation such as road, rail, and sea and allows logistics companies to cost-effectively manage shipments. A multimodal system allows companies to handle all shipping and interactions through a single provider and contract. Thus, it eases the process of communication between contracts and carriers.Creating visibility into the company’s supply chain is one of the important aspects of the logistics management. Thus, companies are widely using the software for optimum utilization of resources in logistics and avoiding potential disruptions. The freight management system includes record maintenance, process monitoring, and inventory management, which helps in the management of complex process efficiently and provides a homogenized solution to 3PL and other freight-forwarding companies.

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