Low-rank approximation
The Cooperative Logistics Network is an international non-exclusive cargo alliance that was created to enable companies in the transport industry to help each other. All freight forwarders that are members of this alliance have been hand-picked to be able to co-operate in a financially secure environment and thus enable them to reduce their overall costs. This cooperative is opened to increasing its number of members and offering them a multitude of benefits, but it will only accept partners that have a good credit history and reputation to be able to maintain its standards and help the rest of its members.
To join the WCA family, companies need to complete two main application requirements:
1. To commit in writing to the rules and practices of this network;
2. To provide all the necessary information about their operations and their business.
Aftermeeting these two requirements, The Cooperative Logistics Network will study the application and inform the company whether or not it has been accepted. Every member of this network will need to comply with a set of rules designed to make this entire cooperation easier and allow members to help each other. The rules of The Coop include aspects such as competitive rates, attendance of the Annual Meeting, fast response rates and others. The website of this network offers people all the information they need about the state of today’s freight forwarding industry and what they have to gain by joining this freight alliance. To this extent, the main benefits promised by The Cooperative Logistics Network are:
- global presence: though the superior resources of The Coop, companies can reach large multinationals and serve international clients;
- limited number of agents per airport/sea: 3 members, except for London, Shanghai, New York and other busy territories where the maximum number of members is 5;
- participation at the annual meeting that gathers all members in one place at the same time;
- protection against unpaid invoices;
-
At The CooperativeLogisticsNetwork, people will be able to find additional information about everything they can gain by collaborating with this forwarder network. In addition they will have access to career schedules, a stuffing calculator as well as an agent finder, in other words everything they need to manage their business successfully. They will also find information about the Annual Meeting of the members. Rather than spending a lot of resources in order to meet with various partners over the course of a year, the Annual Meeting of this network will enable all members to meet each other in an organized environment and consolidate their relationship.
All in all, The Cooperative Logistics Network promises to be a reliable network that offers a lot of benefits to its members. Those who are not part of any such cooperative could well benefit from being a part of The Coop, since it will only deal with reliable and professional companies. So if you have a freight forwarding network and you wish to join an alliance, this is an option that could bring you many benefits.