Key Metrics For Evaluating Ocean Freight Performance

Ocean freight plays a crucial role in global trade, with a significant percentage of goods transported by sea. As companies increasingly rely on maritime logistics and freight forwarding, understanding how to evaluate ocean freight performance becomes essential. By focusing on key metrics, businesses can optimize their shipping strategies, enhance operational efficiency, and improve customer satisfaction. In this blog, we will explore the most critical metrics for assessing ocean freight performance and how they can impact your supply chain. 1. Transit Time Definition Transit time refers to the total time taken for a shipment to travel from the point of origin to the destination port. It includes all stages of the shipping process, such as loading, sailing, unloading, and customs clearance. Importance Transit time is a fundamental metric for evaluating ocean freight performance. Shorter transit times lead to improved customer satisfaction and can enhance inventory management. For busin...