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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

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. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

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

Logistics Viewpoints

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. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. The money is coming through the U.S.

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

Logistics Managers Index (LMI) that again dropped to an all-time low for June 2023. According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 percentage points in June.

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Global Supply Chain Volatility Continues to Moderate But Not Inventory and Warehousing Costs

Supply Chain Matters

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. According to the September report , growth is increasing for inventory levels, inventory and warehousing costs.

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. What’s the difference?

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

Logistics Managers Index (LMI) that dropped to an all-time low for May 2023. not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

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The Big Dogs Are Barking: Top Shippers Eye New Strategies After Difficult Peak

Intelligent Audit

Facing Falling Volumes, FedEx Freight Furloughs Drivers. 3, FedEx Freight began furloughing an undetermined number of drivers, according to reporting from FreightWaves. FedEx Freight, the largest LTL carrier currently operating in the U.S., USPS Releases On-Time Performance Metrics. FedEx Announces Space and Pace Pilot.