The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Freightos

FEBRUARY 28, 2022

Which brings us to international freight. It’s challenging to get fixed prices for global freight. Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. Hedging for freight price volatility.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.

Negotiating Skills 285

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction Strategies 285

Freightos

APRIL 12, 2016

Which is why we’re taking our hats off to SpaceX for delivering 7,000 lbs of cargo to the International Space Station (ISS) this week using a reusable rocket – the Falcon 9. Check out how you might have booked this shipment as a freight quote on Freightos. A Space cargo ship sounds like science fiction.

Cargo 120

Cargo Logistics Network Optimization Software Supply Chain Design Software Freight 120

Logistics Viewpoints

FEBRUARY 9, 2024

In a strange twist, all the parking spaces for private planes in Las Vegas are currently booked, according to the Associated Press. The industry added jobs at a time when logistics companies have been coping with a faltering freight market for the past 20 months. Bank Freight Payment Index. Bureau of Labor Statistics.

Logistics Network Optimization Software 215

Logistics Network Optimization Software Las Vegas Logistics Supply Chain Planning Software 215

Freightos

AUGUST 29, 2019

Open up LinkedIn and check out the profile of senior salesperson at a freight forwarder or carrier and you’ll probably see several top-tier providers as previous employers. The best of them accumulated books of business contacts, which moved companies with them. This holds for freight. Freight digitalization reduces cost.

Logistics Network Optimization Software 202

Logistics Network Optimization Software Real-time Visibility Price Reduction Cost Reduction Strategies 202

Freightos

JANUARY 16, 2018

Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Air Freight Pricing.

Freight 190

Freight South America Europe China 190

Freightos

NOVEMBER 11, 2021

Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. For a forwarder, refraining from working with Maersk today is expensive because it removes 17% of global shipping capacity. Accelerating the shift. Image via StarAir.dk). of the U.S.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Freightos

MAY 10, 2015

There are tens of thousands of books about logistics and supply chains. Amazon has 31,817 books about supply chain and 24,934 about logistics. That’s 56,751 supply chain and logistics books. All those books would weigh 49,000 kilograms – half the cargo mass of a Boeing 747-200F. Empire State Buildings.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Software Logistics Network Optimization Software Supply Chain 120

Freightos

JANUARY 3, 2024

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.

Shipping 299

Shipping Negotiating Skills Asia Yemen 299

Supply Chain Game Changer

JUNE 23, 2021

Do you have a Freight Management Strategy or are you Spinning your Wheels? The emergence of COVID-19 changed many things in the world of business, and transporting cargo is no exception. This article summarizes the top five benefits of using air charter for cargo and the products and industries that need it the most.

Cargo 57

Cargo Industrial Industry Expense Reduction 57

GlobalTranz

APRIL 26, 2016

The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. There are two ways to view the History of Shipping Containers. Below, you can also view the history of shipping containers in one infographic. Mr. Gladwell cites Malcolm McLean in the book " David and Goliath.".

Shipping 120

Shipping Logistics Network Optimization Software Supply Chain Design Software Modeling Software 120

Freightos

NOVEMBER 11, 2015

Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. CARRIERS & CARGO BRAVE NEW ROUTES.

Papua New Guinea 120

Papua New Guinea Freight Solomon Islands Guinea 120

Freightos

APRIL 24, 2016

The History of the Shipping Container. 26 April 2016 marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy. But the modern shipping container has changed much more than one industry. Significance.

Shipping 120

Shipping Cargo Supply Chain Design Software Asia 120

GlobalTranz

JUNE 23, 2021

the past 13 months of sustained rising freight demand and widespread shortage of labor up-and-down supply chains has brought the LTL trucking sector, and the shippers that depend on it to move palletized shipments, to a turning point.”. freight and delivery needs. State of the LTL Market. As reported by the? Journal of Commerce ,?

3PL 253

3PL Transportation Supply Chain Planning Software Real Estate 253

Freightos

OCTOBER 31, 2022

But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. You can hear the full interview with Conor in our podcast series, Ship Happens. .

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. This, of course, requires a reputable global freight index. We never looked back.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

Talking Logistics

SEPTEMBER 20, 2017

Peak season for ocean freight shipping is underway. Here’s an easy way to think about the regular and potential future disruptions that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy.

Scenario Planning 105

Scenario Planning Supply Chain Planning Freight BRIC 105

Freightos

MARCH 29, 2017

Round extension led by GE Ventures, after 600% order growth in six months following the Freightos Marketplace launch and adoption of Freightos software by 1,000 freight forwarders. In August 2016, Freightos acquired WebCargoNet , a Barcelona-based technology provider of air cargo rate management and eBookings. Jonathan Pulitzer.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Freight Supply Chain Software Global 120

Freightos

MAY 15, 2024

More Resources Home May 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 12% to $3.60/kg.

Negotiating Skills 215

Negotiating Skills Asia Europe Cargo 215

Freightos

FEBRUARY 16, 2020

Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. million freight containers each year. That digital reach extended to importing as well.

Purchasing Skills 177

Purchasing Skills Supply Chain Software Price Reduction Manufacturing Procurement 177

Freight Center

FEBRUARY 13, 2020

If you have shipped before, then you know how important it is to understand how freight billing works. Freight billing is an unavoidable part of the process for every shipper. Without the knowledge of best practices for freight billing, it can be easy for small businesses to get caught up in freight billing mayhem.

Freight 56

Freight 3PL Third Party Logistics Shipping 56

Freightos

DECEMBER 4, 2015

COP21, the Paris Climate change conference taking place this week got us thinking what the carbon cost was for shipping the TV. A quick check showed that shipping the TV from Taiwan to Nashville (ocean & trucking) led to about 6.7 The broader climate issue.and freight’s role. kg of carbon emissions.

Freight 120

Freight Cost Reduction Strategies Optimal Sourcing Nashville 120

Zipline Logistics

SEPTEMBER 7, 2021

If you have an order that needs to get to its destination in a hurry, expedited freight options could be your best choice for delivery. Though often a result of an unexpected need, there is still a way to control costs and ensure quality performance when arranging expedited freight services. What Is Expedited Freight?

Freight 52

Freight Negotiating Skills Manufacturing Procurement Inventory Reduction 52

Operations and Supply Chain Management

JANUARY 25, 2021

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. Compared with last March’s low prices, freight rates from China to the U.S. KEY POINTS.

Examples 59

Examples Shipping Singapore Asia 59

Freightos

JANUARY 28, 2016

10 Controversial Freight Predictions For 2016. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Freight Industry Is Finally Online. We Start Thinking Of Freight As Big Parcels. Ocean carriers are reeling.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

JANUARY 28, 2016

10 Controversial Freight Predictions For 2016. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Freight Industry Is Finally Online. We Start Thinking Of Freight As Big Parcels. Ocean carriers are reeling.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

MAY 1, 2024

More Resources Home May 1, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. In air cargo, Freightos Air Index China to N.

Sri Lanka 229

Sri Lanka Asia Europe America 229

Supply Chain Shaman

FEBRUARY 18, 2021

More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic.

Supply Chain Planning Software 315

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 315

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

SupplyPike

JANUARY 21, 2019

Freight and parcel shipping. What is Freight? Freight is defined as commercial goods or cargo carried across land, sea, or air. There are several types of freight including truck, rail, air, ocean (vessel), and pipeline. Check out the graph below for the breakdown, in billions, by freight mode.)

Shipping 48

Shipping North America Freight Packaging 48

Freightos

NOVEMBER 7, 2023

Here at Freightos, our vision is to digitalize international freight–air and ocean. But so far air freight and ocean freight have gone in different directions. Looking beyond digital waybills to digitalizing business processes, we always like to focus on bookings as the bellwether of digitalization.

eBook 212

eBook Optimal Sourcing Negotiating Skills Cargo 212

Talking Logistics

SEPTEMBER 10, 2015

Of course, international shipping is a complex service with countless moving parts, including regulations, security, capacity and legal considerations – all which can lead to a reliable and cost-effective shipment when tended to properly. Handle arrangements for loading or take control of the cargo at the agreed upon point.

Shipping 100

Shipping Agile and Lean Supply Chain Logistics Network Optimization Software Third Party Logistics 100

Freightos

MAY 21, 2024

More Resources Home May 21, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 11% to $4.00/kg. Europe – N.

Asia 241

Asia Baltimore Europe America 241

NC State SCRC

JUNE 22, 2023

Hanjin bankruptcy gives shippers crash course in risk mitigation The bankruptcy of Hanjin Shipping will have shippers scrambling for transport alternatives during Peak Season, as global seaports also struggle to find ways of mitigating the impact of this colossal event.

Cargo 40

Cargo Risk Management Shipping Course 40

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

Shipping Routes: Clydebank Declaration. Signatories to the so-called Clydebank Declaration agreed to collaborate to support the creation of green shipping corridors between two or more port pairs. Carriers will be incentivised or obliged to service these maritime routes only with zero emission ships.

Transportation 130

Transportation Supply Chain Planning Software Buyer Training Supply Chain Design Software 130

Freightos

NOVEMBER 7, 2023

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 21% to $5.72/kg

Negotiating Skills 282

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction Strategies 282