Final answer:
The benefits of consolidation in shipping include cost savings, efficient and timely delivery, and reduced congestion at a customer's receiving dock.
Step-by-step explanation:
The benefits of consolidation are the realization of the lowest possible freight rate, efficient and timely delivery, and reduced congestion at a customer's receiving dock. Consolidation allows for combining multiple shipments into a single load, which leads to cost savings as transportation costs are shared among multiple customers. By utilizing efficient transportation modes like rail or water transport, delivery times can be optimized, ensuring timely arrival of goods. Consolidation also helps in reducing congestion at customer's receiving dock by minimizing the number of individual shipments that need to be processed.