What is Freight forwarding? It is simply the movement of goods; where freight is about the goods, forwarding implies the movement. In shipping, freight is also the money which the company that provides the transport, receives for the carriage of goods.
The term freight forwarding is usually applied when goods have to move from exporters to importers from the place of origin to the destination in different countries. Products from almost any part of the world can be available to us through the activities of freight forwarders, therefore freight forwarding is very vital and necessary for the growth and development of the global economy.
The main objective of freight forwarding is for goods to arrive the destination at the required time, in good condition and at the least cost. Freight forwarding requires having the knowledge and ability to deal with import and export regulations of other countries. Sadly, in Nigeria and in some part of the world, personnel in the shipping and freight industry do not understand the exact role of freight forwarders. Freight forwarding is beyond the handling of freights, carrying cargo from the port to a destination. Freight forwarding is an integral part of international trade. It provides a link between importers and exporters on one hand and other parties involved with international trade and transportation in other countries.
The primary function of a freight forwarder is to plan, implement, coordinate and control the efficient movement of goods, as well as other associated services from point of origin to destination. Freight forwarders are familiar with the services which handlers provide and can choose the best handler, as well as the best transportation for any given type of cargo. Freight forwarding is a key component of international trade and freight forwarders play a critical role.