Navix Resources, News & Insights
The Future of Logistics, DSO and LTL Trends: A Discussion With Curtis Garrett
We recently had the opportunity to sit down and have a discussion with Curtis Garrett. Curtis is the Senior Vice President, LTL at FreightPlus and also one of the premier experts on the world of LTL. We were able to speak about the future of logistics, some current...
Embracing AI and Machine Learning: A Game-Changer for Logistics Companies
Artificial Intelligence (AI) and Machine Learning (ML) have revolutionized various industries, and the shipping and freight sector is no exception. As freight brokers and third-party logistics providers (3PLs) look to streamline their operations, many are turning to...
How 3PLs and Freight Brokers Can Maximize Profits & Have Sustainable Growth
When it comes to growing your business, effective financial management can make all the difference. Two critical aspects that all freight brokers and third-party logistics providers (3PLs) should be focused on are optimizing cash flow and the cash conversion process....
The Power of Reducing Days Sales Outstanding (DSO) for Your Business
In any business, cash flow is king, this is especially true for those in the logistics space. With the economic uncertainty and the impact that it has had on the freight market, it is imperative for every organization to improve their cash position. One...
The Importance of DSO for 3PLs and Freight Brokers
“If you can help reduce our days sales outstanding (DSO), that will be a big win.” This is what I heard recently from the Director of Finance for a freight broker. At the time of our conversation, he had a DSO of more than 47 days and as a...
Four Key Metrics That All 3PLs & Freight Brokers Need To Be Tracking
Maximizing revenue growth is a top priority for most logistics companies to achieve long-term success. But how can companies ensure that their current operations and strategies are best positioned to achieve those goals? Measuring and tracking specific metrics is the...
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