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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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Supply Chain Normalcy? Think Again.

Supply Chain Shaman

In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. In March 2023, the level of disruption fell to a level seen in November 1998. Unrest in Sudan.

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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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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

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?

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FedEx Suspends Money-Back Guarantee

Intelligent Audit

2, 2023, the money-back guarantee will be temporarily suspended for select FedEx Express® services for U.S. FedEx has previously suspended money-back guarantees for the following services: FedEx Express FedEx Ground® FedEx Freight® FedEx SameDay® City FedEx Office®. Beginning Dec. 13, 2022, through Jan. domestic and U.S.

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Stord Honored by Veritiv as 2022 Truckload Carrier of the Year

Stord

Atlanta, GA, February 22, 2023 – Stord , the leading Cloud Supply Chain provider, has been awarded Veritiv’s 2022 Truckload Carrier of the Year. Stord’s performance metrics in servicing Veritiv were 99 percent or higher for on-time pickup, on-time delivery, tender acceptance, and invoicing accuracy.