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Shippers are often challenged when dealing with the freight classification system from the National Motor Freight Classifications (NMFC) book, the code numbers assigned to all products that determine the correct freight class for shipments. A Brief on Freight Classification.
An interest group of the Singapore-based Logistics & Supply Chain Management Society (LSCMS), the Shippers Council is a professional association that counts members from organizations with a vested interest in logistics, including end users, technology and service providers, government and academia.
One of these terms, free or freight on board, also has irony within its name. What Exactly Is Freight on Board? Freight on board, also known as free on board, refers to a set of Incoterms that govern who owns and pays for a shipment when traveling overseas. Who Pays the Freight Cost for FOB? Freight prepaid.
Prior to her time at USDOT, Reinke spent 16 years at CSX Corporation in their Federal Affairs office, ultimately serving as the Vice President – Government Affairs, overseeing the Federal, State Government and Community Affairs Departments. There’s no other event out there designed by 3PLs for 3PLs, so don’t miss it.
” I do not believe in big government and I hate politics. 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. Chinese Lunar New Year in the face of a new pandemic lays before us. I expect disruption.
Tom is the Founder and President of Qued , a freight technology company focused on workflow automation, and the TIA Technology Committee Chairman. About Tom Curee Tom Curee has served in the transportation industry for nearly 20 years working at 3PLs, carriers and most recently as a freight tech provider.
From monitoring carrier capacity and driver shortages to tracking the increasing government regulations, staying current on the events in transportation means you will be better equipped to make knowledgeable business decisions that drive growth and improve efficiency. 3PL Transportation Management Upcoming Episodes Bob Biesterfeld C.H.
While the LTL freight industry market conditions change for a variety of reasons, here are three of the top factors that will be part of the day-to-day reality of LTL freight and some of the strategies that can help shippers navigate rising costs and complexity in the supply chain. Classify freight correctly. Consolidation.
Chris Pickett is the Lead Market Analyst and Founder of Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. And in a market governed by human beings making financial decisions, we always overshoot. He earned a B.S. About Pickett Research.
Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution. IPL Group is also a full-service freight brokerage and freight forwarder.
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Staying attentive to the market.
More than a year into a freight capacity crisis that shows little sign of weakening, it’s time for all parties involved in logistics and freight transportation to meet this issue head on. Freight Capacity Crisis: How Did We Get Here So Quickly? And then freight volumes took off, which has left everyone struggling to keep up.
Today, there are many top 3PL warehousing companies that handle warehousing, fulfillment, logistics and distribution services for companies of all sizes. Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Kuehne + Nagel Inc.
For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates. How Do Transportation Consolidation Programs Reduce Freight Spend? The Problem With Working Alone.
Blockchain and TMS Will Lead to Incorruptible, Efficient Energy Management Blockchain-based TMS has the potential to eliminate inconsistencies and errors in managing transportation and freight. In transportation management, outsourcing has another name, partnering with a third-party logistics provider (3PL), like Cerasis.
4 Steps for Establishing Healthy 3PL Relationships! The key to sustaining healthy 3PL relationships is very much dependent on the person that is given the role to manage the relationship with the 3PL service provider. Understanding the 3PL’s Organization. A Process of Governance.
Previously, Frank served more than 10 years as a research director at Gartner, where he defined the MFT, B2B gateway, SOA governance, and cloud service brokerage (CSB) markets.
51 percent take advantage of third party logistics companies’ freight forwarding capabilities, and the use of third-party logistics companies increased 72 percent in 2015. Organizations who utilize 3PLs typically experienced a 9 percent cost reduction. Plan the 3PL Selection Criteria. 3PLs can be fickle.
May 2014 Freight Transportation Services Index (TSI). Cass Freight Index June 2014. HighJump WMS provides large and upper mid-market companies including 3PL companies one of the most scalable and adaptable WMS platforms in the market. Turnover at For-Hire Carriers Largely Unchanged During the First Quarter.
The new rail service is up to 50 percent faster than ocean freight and up to 70 percent less costly than air freight. Tune in to Talking Logistics this Thursday, July 10 at 12:00 ET where Jason Craig, Manager of Government Affairs at C.H. Robinson , will discuss The Latest on Transportation Funding and Regulations.
With the economic benefits of free trade zones now more evident than ever, it’s essential to ask: “is your 3PL taking full advantage of the cost savings that free trade zones can provide?” Choosing the Right 3PL Choosing the right 3PL to create and manage a free trade zone is of utmost importance. 13 January 2023.
Today, we kick off our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. Although we are a 3PL who supports manufacturers who ship, the more information we provide, the better off we all are.
” I do not believe in big government and I hate politics. 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. Chinese Lunar New Year in the face of a new pandemic lays before us. I expect disruption.
Freight Carrier. Government/Military. John Monarch CEO and Co-founder, ShipChain. See ShipChain in action. Please submit your details below to view the webinar. Your Department. Agriculture. Consumer Package Goods. Food and Beverage. Large Shipper. Oil & Gas. Sensors/IoT. Shipping Technology. Small Shipper. Venture Capital.
Chris Pickett is the Lead Market Analyst and Founder of Pickett Research, LLC – an independent market research firm focused exclusively on the dynamics that drive US truckload freight rates. And in a market governed by human beings making financial decisions, we always overshoot. He earned a B.S. About Pickett Research.
A 3rd party logistics company (3PL) can help you overcome those challenges so you can stay competitive with your larger competitors and crush your smaller competitors. Take a look at five of the most common challenges and see how a 3PL can provide the solution to each of those challenges.
Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. UK government announces funding for truck platooning trials (Automotive Logistics). The real-time freight visibility space has been heating up in recent years, with MacroPoint leading the way, along with FourKites and 10-4 Systems.
And then a different but still ideal network for the following order – ideal in the sense of the optimal balance of cost, speed, risk mitigation, growth, customer satisfaction and meeting environmental, social and governance commitments. Check out the 6 top uses cases for network optimization below.
Emtec is a global IT consultancy dedicated to helping world class organizations in the enterprise, education, and government markets drive transformation and growth by employing the latest enterprise technologies and innovative business processes. Emtec also works some of the leading technology companies in the freight tech space.
The report reveals that the majority of shippers worldwide are increasing their use of 3PL services, with 64 percent of respondents reporting a rise. Today’s 3PL marketplace is experiencing significant change and established 3PLs are adjusting their business. The report shows relationships between shippers and 3PLs continue.
I’m on borrowed time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: DAT Freight Index Hits All-Time High in September. Spot freight availability was 74 percent higher than in September 2016. So far, no government has approved a plan for a hyperloop system.
The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. Digital Freight. Blockchain.
Shippers know truck carrier rates are the amount charged for transporting freight in a particular lane. First off, shippers should only use historical truck carrier rates for budgetary purposes such as planning transportation costs for certain freight. Is this a good idea? You Have A Good Amount Of Historical Data.
Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider. New Government Mandates and Regulations. How a 3PL Can Help. The 2016 Race for the White House.
Complicating matters even further are carrier, port, regional, and government variances in how Free Time is measured around the world. Keeping international shipments moving on schedule requires the management of multiple regions, ports, languages, government regulations and numerous documents. Automation.
Anne Reinke and Joe Lynch discuss the state of freight. Prior to her time at USDOT, Reinke spent 16 years at CSX Corporation in their Federal Affairs office, ultimately serving as the Vice President – Government Affairs, overseeing the Federal, State Government and Community Affairs Departments.
Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. According to the article: In the most far-reaching test program to date for burgeoning drone commerce, the Department of Transportation announced the selection of 10 state, local and tribal governments — in partnership with companies that include Intel Corp.,
In fact, 3PLs restore many of the benefits that existed in the shipping world of yesteryear. If your business has considered outsourcing or you are new to the idea, we at Cerasis, a 3PL or more aptly, a transportation management provider , will show you how a 3pL can provide significant benefits you in these 8 key ways.
Antitrust action by the government. Antitrust action by the government. Moving on, here’s the rest of this week’s supply chain and logistics news: Freight-Booking Startup Convoy Raises $62 Million (WSJ – sub. Walmart, UPS, Facebook, and Netflix joining forces. A crippling, long-term cyberattack. View Results.
LLamasoft and CHAINalytics Partner to Provide Integrated Access to Freight Market Intelligence. Teamsters lose another vote at FedEx Freight facility (Reuters). On the 3PL front, Ryder announced that it was awarded SAFETY Act Certification from the U.S. Department of Homeland Security.
As a result, carriers and suppliers are focusing on how value-added services, such as auditing, small package processing and delivery, and freight optimization, can reduce overall costs and shipping duration. New Distribution Channels Are Forming Online and in Traditional, Brick-and-Mortar Stores. Robotics Are Aiding an Aging Workforce.
Learn how freight consolidation can help boost profitability and maximize supply chain performance to help SMB’s navigate 2021’s supply chain challenges. Supply chain delays have disproportionately affected small-and-medium-businesses (SMBs), leading more to consider adding freight consolidation to their fulfillment strategy.
The 3PL market is growing, and according to PRNewswire , the 3PL market will increase significantly throughout 2019, contributing to a total valuation of approximately $1.5 Shippers need to understand the growth of 3PL services and how they will affect operations and cost-effectiveness in the coming year. trillion by 2025.
I started my career working in 3PL’s – one of which was the largest freight forwarder in the world in the 1990’s. After selling the business in 2009, I went on to work for a leading US Chemical company and then a global 3PL. Tell our readers a little about your background and experience? Raymon Krishnan. 65 9816 2740.
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