Episode Summary
Speed and reliability are crucial in the logistics industry, so understanding alternative modes to Truckload and LTL modes can significantly enhance shipping operations. Expedited shipping and rapid-response services offer invaluable solutions for time-sensitive shipments.
In episode 35 of Banyan Technology’s Tire Tracks® podcast, Mario Kovatchev, President of Fast Exact, provides in-depth insights into the world of expedited shipping. He discusses how rapid-response services are essential for meeting critical logistics needs, ensuring timely and efficient delivery when every minute counts.
“By focusing on expedited shipping, [Shippers and 3PLs can] handle critical shipments with the urgency they require. Rapid-response services allow them to react quickly,” said Kovatchev. “This approach, combined with technology for real-time tracking and 24/7 availability, helps them meet the demands of time-sensitive logistics.”
Expedited Shipping Episode Key Points
- Mario Kovatchev describes his move from Bulgaria to America 35 years ago.
- How Mario found logistics and how transporting perishables got him hooked.
- How 9/11 changed the logistics industry.
- Everything you need to know about Fast Exact.
- The most interesting cargo Fast Exact has ever moved and the challenges of reaching secluded places.
- What sets Fast Exact apart from its competitors and why it chose to focus on API connectivity.
- The current state of expedited shipping and how the numbers have changed since COVID-19.
- Mario’s elevator pitch for Fast Exact and his parting words of wisdom.
“I’m originally from Bulgaria. I moved here about 35 years ago during uncertain times behind the Iron Curtain. I was left with few choices but to run for the border. So, I tried to run as far as I can to the West [but] little did I know there is Hawaii, so I ended up in San Francisco instead.” — Mario Kovatchev [0:00:45]
“I’ll give you one example of the expedited freight that we do – what they did is, they shipped by air and they also put the same part on my truck, and I got there in 12 hours and the air freight was delivered three hours later.” — Mario Kovatchev [0:05:48]
“We pretty much recover screw-ups done by other logistics companies. When the freight gets misrouted [but] it needs to be there when it needs to be there – customers come to us.” — Mario Kovatchev [0:07:21]
Discover how leveraging expedited shipping can help you expand your mode options within your tech stack and stay ahead of the curve in time-sensitive logistics. Click above to view Tire Tracks Episode 35.
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Transcript
Transcript goes here.