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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The freight market is mercurial. One master of freight procurement is Kyle Masters.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure.

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Logistics GDP share rose in ’24, not likely to drop: CSCMP report

Freight Waves

That was one of the primary conclusions of the annual logistics report released last week by the Council of Supply Chain Management Professionals (CSCMP) at a media briefing in New York. This year’s report was entitled “Navigating Through the Fog.” The CSCMP report puts an estimate on what it calls total U.S. billion in 2022.

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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The money is coming through the U.S.

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Procurement Compliance Explained: Examples, Challenges, and Best Practices

Precoro

Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?

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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

North American Transborder Freight up 23.8% in March 2022 from March 2021. Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. billion of freight, up 15.7%

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Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery

The Logistics & Supply Chain Management Society

Barbara Schielke Chief HR & CSR Officer for Asendia explains how carbon offsetting, emissions reporting per parcel, and supply chain efficiencies are helping retailers green their e-commerce fulfilment. The International Post Corporation (IPC), found 44% of online shoppers have changed their purchasing behaviour to be more sustainable.

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