Freightos

JANUARY 16, 2024

More Resources Home January 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 8% to $5.36/kg

Negotiating Skills 229

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Freightos

FEBRUARY 28, 2024

More Resources Home February 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices(FBX11 Weekly) fell 1% to $4,553/FEU.

Negotiating Skills 177

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Freightos

FEBRUARY 22, 2024

More Resources Home February 22, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) fell 2% to $4,587/FEU.

Price Reduction 177

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Freightos

FEBRUARY 13, 2024

More Resources Home February 13, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) fell 8% to $4,697/FEU.

Negotiating Skills 194

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Freightos

FEBRUARY 7, 2024

More Resources Home February 7, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) fell 7% to $5,097/FEU.

Negotiating Skills 177

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Freightos

JANUARY 10, 2024

More Resources Home January 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe – N.

Negotiating Skills 221

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Supply Chain Matters

JANUARY 19, 2024

Our Supply Chain Matters This Week in Supply Chain Tech column has had a brisk start in our 2024 postings, and we have added this supplemental posting. In our initial 2024 posting last week, we highlighted two acquisitions related to supply chain technology providers. All rights reserved.

Supply Chain Planning Software 52

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Freightos

JANUARY 3, 2024

More Resources Home January 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11) increased 151% to $4,042/FEU.

Negotiating Skills 156

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Supply Chain Matters

OCTOBER 19, 2023

Bloomberg, The Wall Street Journal and other industry specific media are reporting that Seattle based digital freight start-up services provider Convoy is preparing for a possible sale or other action. Both reports cite declining freight industry demand and increased competition among start-ups in this digital freight and logistics segment.

Logistics Network Optimization Software 59

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Shipsta

APRIL 19, 2024

The once-traditional freight procurement function is now facing a tsunami of unprecedented change. And in its stead, embrace artificial intelligence (AI) platforms that automate freight procurement workflows and extract information to drive smarter decisions.

Procurement 52

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Supply Chain Matters

NOVEMBER 7, 2023

The advisory defined further opportunities as extended joint procurement agreements, joint operations and equipment pooling in the short-term, and joint back-offices, shared service centers and IT development over the long-term. This BCG advisory further argued that carriers had yet to tap the potential of multi-carrier capacity agreements.

Cost Reduction Strategies 59

Cost Reduction Strategies Global Industrial Industry 59

Logistics Viewpoints

MARCH 28, 2022

TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have fully autonomous trucks on the road in 2024. Autonomous Freight Trucks. Nevertheless, she believes the revolution in freight logistics is coming; it is just a matter of timing. It is a brutal job.

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Freightos

FEBRUARY 28, 2024

The pivot towards index-linked contracts and Forward Freight Agreements (FFAs) is not merely a trend but a strategic recalibration towards agility and resilience. In essence, the journey towards digitalized, data-driven freight contracting is both a challenge and an opportunity. Get Your Custom Report Now!

Negotiating Skills 156

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Supply Chain Matters

FEBRUARY 14, 2024

Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024. percent in 2024, but that appears to be rather high given a decline in global production volumes for the past 15 months. Maersk currently estimates container volumes will increase from 2.5 percent to 4.5

Transportation 52

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Supply Chain Brain

MARCH 4, 2024

The quantity of freight in circulation is low, providing shippers with leverage. Currently, it’s a shipper’s market. Transport companies are dropping rates to attract business.

Transportation Management 76

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Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

Negotiating Skills 52

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Supply Chain Matters

NOVEMBER 14, 2023

production worker hourly wages starting in January 2024. Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand.

Supply Chain Design Software 52

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The Logistics & Supply Chain Management Society

OCTOBER 14, 2021

trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. I would certainly recommend before the year 2024. De-Carbonising Road Freight Operations: Bridging the Know-Do Gap. Developments. MORE FROM THIS EDITION. Green Skies?

Pharmaceutical 237

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Freightos

DECEMBER 19, 2023

More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $5.86/kg

Negotiating Skills 223

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Supply Chain Matters

APRIL 10, 2024

Added Thoughts Supply chain logisticians are readily aware that the interior transportation, seaborne and air freight infrastructure across India are still a work-in-process that will require added time to meet the requirements for being a global production hub. Apple reportedly declined to comment on the published Bloomberg report.

India 59

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Freightos

JANUARY 3, 2024

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. America East Coast peak of $22k/FEU.

Shipping 303

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Supply Chain Matters

SEPTEMBER 6, 2022

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period. Added Perspectives.

Report 52

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Supply Chain Matters

APRIL 4, 2024

Four Kites and BuyCo Partner to Provide Ocean Freight Management Supply chain end-to-end visibility Cloud platform provider Four Kites and BuyCo , an ocean container shipping platform have announced a strategic partnership to provide Fortune 500 shippers with broader visibility and control throughout the entire container shipping process.

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Freightos

JANUARY 25, 2024

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. Freight is digitizing itself now at real scale.

Logistics Network Optimization Software 275

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Intelligent Audit

DECEMBER 12, 2022

This, along with container shortages, drove up ocean freight spot rates and caused sporadic export delays. To keep freight moving throughout supply chains, additional workers were recruited throughout the pandemic at higher hourly pay while existing workers received bonuses and pay raises. How is Inflation affecting freight rates?

Cost Reduction Strategies 52

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Supply Chain Matters

SEPTEMBER 18, 2023

Flexport Focus Turns to Profitability and Cost Reduction In our supply chain technology breaking news update on September 7 th , we highlighted the sudden resignation of Dave Clark from the CEO role of freight technology start-up Flexport. Clark, who assumed the sole CEO role in March after company founder Ryan Petersen handed over the reins.

Supply Chain Planning Software 59

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Supply Chain Matters

APRIL 14, 2023

Founded in 2000, German based Transporeon provides a digital freight platform the supports more than 1,200 shippers, 100 large retailers, and over 120,000 logistics services providers and carriers. billion market valuation based on 2024 revenue expectations in 2024. while securing a $5.4

Supply Chain Design Software 52

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Supply Chain Matters

JULY 21, 2023

parcel shippers with the threat of a labor strike for parcel carrier UPS and for LTL carrier Yellow Freight. Meanwhile, some freight brokers are already diverting loads from Yellow to other carriers because of concerns that freight will be impacted by a strike action. This was a major request among union negotiators.

Negotiating Skills 52

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ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Carriers Will Lower Rates But Keep Many Others.

Agile and Lean Supply Chain 78

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Supply Chain Matters

MARCH 22, 2024

At the Europe 2024 conference in Berlin , asked by reporters about the ongoing developments surrounding Boeing , he specifically indicated: “ I am not happy with the problems of my competitor. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

Quality 59

Quality Manufacturing Procurement Alaska Aerospace 59

Freightos

JANUARY 24, 2024

More Resources Home January 24, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 6% to $3.34/kg.

Negotiating Skills 223

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ToolsGroup

APRIL 1, 2022

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. In November 2021, global air freight traffic (measured in tonne-kilometres) saw a 3.7% Bloomberg).

Material Savings 207

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The Logistics & Supply Chain Management Society

MARCH 22, 2022

If we take a closer look, we can see that global aviation, including domestic and international; passenger and freight accounts for 2.5% The ship, called Argo, will be powered by fuel cells and green hydrogen (stored in its two hulls) and is planned to launch in Q3 2024. But to be honest, the shipping industry is as much of a culprit.

Expense Reduction 245

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Supply Chain Matters

MARCH 13, 2023

billion in 2023, and reaching positive gross profit by 2024. Specifically noted, in part: “ Throughout the quarter, our cost of goods sold was impacted by short-term premiums on materials and expedited freight expenses which we expect to continue to negatively impact our gross margin in the near future.

Supply Chain Planning Software 52

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Freightos

NOVEMBER 28, 2023

More Resources Home November 28, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 20% to $6.28/kg

Negotiating Skills 195

Negotiating Skills Price Reduction Vendor Strategies 195

Supply Chain Matters

JULY 26, 2023

Added evidence came this week when FedEx’s unionized air freight pilots voted to reject a negotiated contract that was tentatively reached in May and initially endorsed by union leadership. All existing delivery vehicles will be equipped with two fans and air induction vents in cargo compartments.

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Unleashed

JUNE 23, 2021

for the 2020-2024 period), but to also help businesses move on from the pandemic. Reduced carbon footprint: Cutting your freight times doesn’t just save money, it lowers your impact on the environment too. billion by 2024 (up from $14.9 Read more: The 10 Procurement Metrics that Matter in 2021. Inventory forecasting.

Inventory Management Software 80

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