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Understanding the Freight Forwarding Business

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Understanding the Freight Forwarding Business
History
One of the earliest freight forwarders was Thomas Meadows and Company Limited of London, England, established in 1836. According to "Understanding the Freight Business," written and published by the executive staff of Thomas Meadows and Company in 1972. The advent of reliable rail transport and steamships created demand for the fledgling freight forwarding industry. Trade developed between Europe and North America, creating additional demand. The first international freight forwarders were innkeepers in London who held and re-forwarded the personal effects of their hotel guests.
The original function of the forwarder was to arrange for carriage by contracting with various carriers. Forwarder responsibilities included advice on documentation and customs requirements in the country of destination. His correspondent agent overseas looked after his customers' goods and kept him informed about matters that would affect movement of goods.
In modern times the forwarder accepts the same responsibilities. It operates either as a domestic carrier or otherwise with a corresponding agent overseas or with his own branch-office. In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or both.
FIATA
The International Federation of Freight Forwarders Associations (or FIATA, French: Fédération Internationale des Associations de Transitaires et Assimilés) is a non-governmental organization representing 40,000 forwarding and logistics companies, employing 8 to 10 million people in 150 countries. It was founded in Vienna, Austria, on 31 May 1926.
FIATA has created several documents and forms to establish a uniform standard for use by freight forwarders worldwide. The documents are easily distinguishable as each has a distinctive colour and carries the FIATA logo which can be seen at the head of this page.
• FCR: Forwarders Certificate of Receipt
• FCT: Forwarders Certificate of Transport

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