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
Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
In 2020, we saw the transportation industry’s resilience first-hand, as all parties of the supply chain navigated a challenging freight landscape to get goods to market. Freight demand surged to meet the needs of consumers and frontline workers, and shippers were forced to rely heavily on the spot market to secure capacity in a pinch.
Hence, at the end of 2020 stands the legitimate question: What is it that we really achieved in 2020, and what is in store for 2021? They immediately knew where they needed to take action, such as rerouting freight or adding new cross-docking facilities. Digitisation: Shifting Gears in 2021. What are the hurdles in the way?
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.
Pulling from our own network and the broader industry, Uber Freight is releasing a biannual report that examines dynamic retail and spending imbalances, unprecedented nationwide driver supply shifts, and digital brokerage trends that emerged in H2 2021.
Synopsis: IQAX Webinar 29th Sept 2021. De-Carbonising Road Freight Operations: Bridging the Know-Do Gap. LogiSYM Supply Chain Magazine – October 2021. LogiSYM Supply Chain Magazine – September 2021. For any other supply chain related queries you can write to him at. info@lscms.org. MORE FROM THIS EDITION.
Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch.
A panel moderated by Miklos Horvath, Director of The European Freight and Logistics Leaders’ Forum and Co-moderated by Philip Evans, Secretary-General of The European Freight and Logistics Leaders’ Forum. In association with The European Freight and Logistics Leaders’ Forum (F&L). <<Back
Established in 2021 in the UK, Pledge brings accessibility and transparency to freight emissions measurement and reporting, empowering businesses to confidently measure, manage and help reduce their carbon footprint. truck, rail, barges), and sea.
2021 will be remembered as an unprecedented year of supply chain disruption and market volatility creating a host of challenges for shippers and carriers alike. Without further ado, here are GlobalTranz’s top posts of 2021: #1. The State of the Trucking Market in 2021. 5 Transportation Management Optimization Practices.
Amongst the issues faced by both businesses and consumers in 2021, supply chain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s Supply Chain Challenges. Just how bad were supply chain challenges in 2021? Bad enough to become the subject of memes.
Gary Nemmers , Martyn Verhaegen and Joe Lynch discuss digital freight forwarding – and the importance of a modern, data-driven logistics software platform to optimize every step of the freight forwarding process. Freight forwarding is one of the most difficult services within the logistics industry.
Read more Above the Fold: Supply Chain Logistics News (February 12, 2021). The post Above the Fold: Supply Chain Logistics News (February 12, 2021) appeared first on Talking Logistics with Adrian Gonzalez. — In this.
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.
Jordan Graft and Joe Lynch discuss freight has an identity crisis, which refers to rampant fraud and double brokering in the transportation business. Before that, he co-founded CrateBind, a Dallas-based IT consulting and software development company that developed over fifty custom applications across various industries.
In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. What do you predict will be different for retailers in 2021? Transcript.
Read more Above the Fold: Supply Chain Logistics News (January 29, 2021). The post Above the Fold: Supply Chain Logistics News (January 29, 2021) appeared first on Talking Logistics with Adrian Gonzalez. There’s something about being outside in the cold, surrounded by snow and woods, that brings out all sorts of ideas in me.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Are Ocean Freight Prices Absolutely Broken?
North American Transborder Freight up 23.8% in March 2022 from March 2021. The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. The US Department of Transportation reported that transborder freight between the U.S. compared to March 2021. billion, up 23.8%
The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. This is a significant shift from late 2021, when 93% faced serious disruptions. In other words, while demand was dropping, supply of capacity was increasing.
The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). Freight rates as a forward looking indicator of CPI. Let’s start by taking a look at global ocean freight prices. Sources: U.S.
Singapore 12th August 2021: Recognising the heightened focus on overall supply chain performance due to increased disruption and challenges, shippers, manufacturers and beneficial cargo owners (BCO’s), are increasingly faced with soaring freights rates and what they, correctly or otherwise, perceive to be sub-standard or inferior service.
The volume of ocean shipments grew two-fold in the past decade, and the price of an ocean shipment increased 9-10X from 2020-2021. Ocean carriers, struggling to make a profit for the past ten years, collectively will post 200 billion in profitability in 2021. Freight Rates 2019-2021. jump in apparel costs and 5.5%
In association with The Times, Raconteur has recently published a very insightful report, entitled Supply Chain Resilience 2021. It covers many interesting stories. Much of the report is in line with my own view of resilience.
If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. And, what should you do about those COVID-related swings in your historical … The post Freight Procurement in a Pandemic: Preparing for the Bid appeared first on Chainalytics.
De-Carbonising Road Freight Operations: BRIDGING THE KNOW-DO GAP Download the latest LogiSYM Supply Chain Magazine. LogiSYM Supply Chain Magazine – October 2021. RETURN TO THE ARCHIVE. Featured articles from this issue: h6. Green Skies? Airlines Need a Tail Wind to Decarbonize. IOT for Supply Chain Tracking.
FreightWaves anticipates the heavy snowfall and strong winds will delay freight flows in the northeast throughout the week, impacting key freight markets like Harrisburg, PA, Allentown, PA, and Elizabeth, NJ. The post Winter Weather Alert: First Nor’easter of 2021 appeared first on GlobalTranz Enterprises, LLC. Source: CNN.
Is your freight invoice accurate? LogiSYM Supply Chain Magazine – November 2021. Featured articles from this issue: h6. A new study claims it might not be. DB Schenker – Singapore: A Vital Node in Singapore’s Logistics Ecosystem. Rethinking the next normal: Transforming Logistics and Supply Chain Workflows with Samsung.
bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 An Oregon freight-forwarder was hit with an export ban in what officials said was a warning to companies to heed restrictions on the shipment of sensitive technologies to countries the U.S.
Of course trade-offs of higher manufacturing costs are balanced against reduced inventory costs, lower freight/logistics costs, lower duties and taxes, etc. This will include the use of volume commitments to obtain supplier focus mandates even more on forward planning. Companies will also look to shorten and localize supply chains.
The Commercial Vehicle Safety Alliance (CSVA) International Roadcheck is set for May 4-6, 2021. CVSA-certified inspectors will commit a blitz of inspections across North America, creating a sudden strain on resources for both domestic and cross-border freight. Also known as the CVSA roadcheck, it spans three days.
Meanwhile, the US pounds moving across truck shipments of fresh fruits and vegetables are outpacing imported produce at 280,000 pounds as of May 23, 2021. The post 2021 Produce Season Transportation Capacity Outlook and How to Navigate the Market appeared first on GlobalTranz Enterprises, LLC.
At mile 16, I learned that Uber Freight is acquiring Transplace (a Talking Logistics sponsor). Read more Above the Fold: Supply Chain Logistics News (July 23, 2021). The post Above the Fold: Supply Chain Logistics News (July 23, 2021) appeared first on Talking Logistics with Adrian Gonzalez.
percent of the nation’s freight by weight. And just how much is that freight weight? billion tons of freight (primary shipments only) was transported by trucks in 2022. million single-unit (2-axle, 6-tire or more) and combination trucks registered in 2021, representing 5 percent of all motor vehicles registered.
Most notably, item shortages (purple) and stockpiling (red) were large contributors to 2021-2022 volatility. However, if one pans out and takes a longer-term look at container shipping rates, it becomes evident that rates are really more “normal” now than they were over 2021 and 2022. Today these factors appear insignificant.
2021 marked DB Schenker’s 51st year in Singapore. DB Schenker Singapore has also cemented the position as a key pillar in Singapore’s logistics ecosystem, being the number one air exporter (for freight forwarding) and attaining market leadership in ocean freight as well. Schenker Singapore (est.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. The key takeaway? One challenge appears to have been replaced with another.
A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond. Higher freight volumes. Download the Report: 2021 Peak Shipping Season Survey. Download Report.
Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. The freight unit was established in 2001, when FedEx Corporation acquired and merged the assets of American Freightways , Viking Freight and Watkins Motor Lines. All rights reserved.
Is your freight invoice accurate? LogiSYM Supply Chain Magazine – November 2021. Addressing the Talent Gap in Logistics and Supply Chain. Packing for the Future. A new study claims it might not be. DB Schenker – Singapore: A Vital Node in Singapore’s Logistics Ecosystem.
It was priced at $12 a year for some time, though the company increased its pricing to $18 in December 2021. CargoNet recorded 1,778 supply chain risk events across the United States and Canada in 2022, an increase of 15 percent from 2021. This could be a slow, messy year for freight. That’s all for this week.
While supply chain disruptions continue to create tight truckload freight markets, there are signs that the markets will soften in the weeks and months ahead, according to the Pulse Signal Report from DAT iQ.
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