This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. With the other major carriers also rerouting now, it is likely freight rates will rise for Asia – N. Shipping through the Suez Canal will take more time.
One of these terms, free or freight on board, also has irony within its name. What Exactly Is Freight on Board? Freight on board, also known as free on board, refers to a set of Incoterms that govern who owns and pays for a shipment when traveling overseas. Who Pays the Freight Cost for FOB? Freight prepaid.
Steve Elwell and Joe Lynch discuss freight recession: opportunity or threat. About Steve Elwell Steve is the Founder and since 2010 Managing Director of iDev Partners a boutique leadership, business strategy and turnaround consulting firm located in Farmington Hills, MI. iDev core values: Action, Excellence, Leadership.
Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network.
Chris Pickett is the Lead Market Analyst and Founder of Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. He earned a B.S. in Industrial & Systems Engineering from Virginia Tech, an M.Eng. in Logistics from MIT, and an MBA from Georgia Tech.
His career has varied from working on loading docks to hauling general freight. In 2010, Graig met the love of his life, Christine, and her four-legged side kick, Lily. We used our knowledge of the industry and wealth of experience to begin moving freight using our trusted network of partners. million miles.
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. 17% went bankrupt, went private, or were acquired.
OvercomingFUD #LogisticsLeadership #BuildingTrustInBusiness About Steve Elwell Steve is the Founder and since 2010 Managing Director of iDev Partners a boutique leadership, business strategy and turnaround consulting firm located in Farmington Hills, MI.
The Greater San Marcos Partnership (GSMP) was founded in 2010 by regional stakeholders with a commitment to community advancement and a focused objective: creating economic diversity and strength through ethical, proactive and strategic professional economic development. About the Greater San Marcos Partnership.
The improvement is expected to be temporary, given that an aging workforce and freight demand are both projected to grow. After racking up numerous quarters of record financial performances, truckload carriers are acknowledging the historic strength of the recent freight cycle has finally petered out. executive.
More driver-friendly practices increased, including flexible appointment scheduling and improved driver detention, allowed drivers to maximize their hours-of-service, which increased overall capacity in the freight network. This also has been another gain in overall freight capacity over the past year. Where Are We Headed?
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. Steve Gordon says, “A shortage will change everyone’s behavior, even companies used to viewing transportation strictly as a commodity—especially when freight gets left on the dock.”.
The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supply chain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. Such information may be defined within individual SLAs. GET YOUR FREE WHITE PAPER.
Gartner research shows that companies that continued to increase earnings while others declined in 2009 and 2010 were those that were able to keep their foot on the gas through the downturn because they had planned responses in advance. The real world rarely follows the rules–the Coronavirus is more evidence of this reality.
The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. Molex began the journey with Nexus by working to improve visibility to ocean freight. Keys to Success.
Gregory (Greg) Lehmkuhl has been named President of Con-way Freight Inc., president and CEO, who has served as interim President of Con-way Freight since August 2010. These strengths will serve him well as he assumes the leadership reins at Con-way Freight.”. the parent company of Con-way Freight. “I
Kimberly-Clark leveraged Blue Yonder Transportation Management to achieve significant freight cost reductions and operational efficiencies. Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
Just two weeks ago, we reported the highest national van load-to-truck ratio ever recorded in DAT Trendlines , which we've published every week since 2010. For van freight, we’re starting to see hot markets shift westward, with big rate increases out of Seattle, Los Angeles, Denver and Stockton, CA. FALLING LANES.
I’m on borrowed time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: DAT Freight Index Hits All-Time High in September. Spot freight availability was 74 percent higher than in September 2016. Bpost to Buy Radial for $820 Million (WSJ – sub.
In the wake of the financial crisis of 2008–2010, CSR again became a focus for evaluating corporate behavior. With every participant in your global supply chain — retailers, brands, vendors, manufacturers, suppliers, contractors, agents, brokers, carriers and freight forwarders – on the same page, quality management is better executed.
mpg for tractor trailers (compared to 6 mpg for 2010 tractor trailers). In 2010, IKEA changed its Ektorp sofa from one solid piece into several, with detachable armrests and a hinged back. miles out of its network from 2007-2010 and had increased its CWT per truck from 382 in FY 2007 to 415 in FY 2010, an 8.6
Chris Pickett is the Lead Market Analyst and Founder of Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. He earned a B.S. in Industrial & Systems Engineering from Virginia Tech, an M.Eng. in Logistics from MIT, and an MBA from Georgia Tech.
It was a relatively quiet week for supply chain and logistics news, with robots and weak freight demand dominating the headlines. Heavy-Duty Truck Orders Fall to Lowest Since 2010 (WSJ – sub. Air cargo firms feel the pressure from plunge in freight prices (Reuters). percent from 3 percent.
Editor’s Note: This is a blog by one of our affiliate partners, Global Vision Group , a Federal Maritime Commission licensed Non Vessel Operating Common Carrier (NVOCC) and Ocean Freight Forwarder (OFF). Is Full container freight not moving? Try moving your most important freight LCL to the East Coast.
JOIN OVER 1,000 TOP FORWARDERS AND CARRIERS AUTOMATING AIR FREIGHT. DISCOVER AIR FREIGHT SOLUTIONS. Get Air Freight Standardized. Get Air Freight Dynamic. Get Air Freight Connected. Get Air Freight Customer Facing. To date, the industry has a poor track record of creating usable standards. That can’t last.
Successful inbound freight management depends on a strong logistics management program. Shippers need to have a robust set of controls in place, a high-quality inbound freight routing guide , automated tracking technology, reporting capabilities, and much more. Congress Will Affect Successful Inbound Freight Management.
.” Another company in this agriculture space is Freight Farm, which provides farmers the ability to grow vegetables in converted freight shipping containers equipped with the latest hydroponics and automated systems equipment. Freight Farms calculates annual profit for each container to be an average of $39,000 annually.”
However, in my opinion, FedEx is doing not great but ok as it marches forward with its strategic network redo, plans to spin off FedEx Freight, combine Ground and Express and other cost-cutting measures. ” However, it's unclear the difference between FedEx Surround and FedEx SenseAware, officially introduced in 2010.
A more precise definition can be found in the dictionary, which states that logistics derives from the Greek word logistike-, “the art of calculating “, and from logos, which means “reason” (Merriam-Webster Online Dictionary 2010). The Seventh: Supply Chain Digitalization (2010’s). Neil Southern, 2011).
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. In 2010, Ariba, an SAP company, asked a group of procurement executives and thought leaders to set the vision.
Available directly from AT&T, these services are designed to streamline operations, optimize fleet and mobile workforce performance and facilitate fleet operators’ adherence with the CSA 2010 (Compliance, Safety, Accountability) initiative. million in 2010. million subscribers in 2008 to 2.4 242, December 2008. (4)
According to a recent report from Evan Armstrong of Armstrong & Associates, the 3pl industry is expected to see even more growth in the coming years than it saw from 2010-2013. percent in 2010-2013. Let Cerasis guide you with a freight invoice analysis or a transportation management assessment and consultation.
Freight monitoring accounted for more than half of the USD 116bn spent on transportation digitization in 2019, and the segment remained one of the top-5 use cases in 2020, according to IDC. 900mn in startup funding from 2010 to 2019. Beyond that there had been limited disruptive innovation. MORE FROM THIS EDITION.
Looking ahead, Costello is concerned “about the high level of inventories throughout the supply chain [that] could have a negative impact on truck freight volumes over the next few months.”. Manto] remembers the first time she saw a GoPro wearable camera at a trade show in 2010. Despite the dip last month, tonnage was up 3.3%
This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. rail and truck) for long distances, can reduce congestion on roads, particularly for high-volume freight [8]. Freight Transport Association. Routledge. [3] 3] Gibson, I.,
Gross Domestic Product (GDP) in 2010, as compared to 7.7 Further analysis shows that 2010 was about on par with 2005, and still well below the pre-recession years. This year’s report presents an overview of the 2010 economy, the industry’s key trends, and the total U.S. logistics costs for 2010 and their percentage of the U.S.
percent from 2010 to 2011, and predictions estimate that business-to-business (B2B) sales resulting from e-commerce will make up the majority of sales by 2020, reports Four51. Ultimately, customers work with your B2B partners, who then request orders or freight quotes based on their data. E-commerce grew 10.2
Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. Robinson launching a trans-Eurasian rail freight service between China and Europe. It is for freight that requires faster transit times than ocean, at twice the speed, with substantial savings over air,” said Mike Short, president, Global Forwarding at C.H.
Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Supply Chain News.
Though last year the 2010 3PL study. The Group reported 2010 global revenues of EUR 8.7 intercontinental Air and Ocean Freight with comprehensive Value-Added Logistics Services and Supply Chain. Conferences Emerging Trends Freight & Transportation Third Party Logistics' About Capgemini. The Panalpina Group.
A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. FedEx Corporation FedEx , previously known as Federal Express, is an American multinational freight company founded in 1971 as a system for urgent deliveries. Kuehne + Nagel Inc. Jacobs in 2011.
A 2010 report by the Global Commerce Initiative and Capgemini entitled “ 2016 Future Supply Chain ” suggested that the new distribution network would look like this: Such a network is only going to happen through the extensive use of mobile technology in transportation management and accompanying software. Manage regulatory compliance.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content