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Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. The post 9 of the Most Useful Tips on How to Negotiate Freight Rates appeared first on Transportation Management Company | Cerasis.
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Clevenger, currently based in Alexandria, Va., is a native of northwest Ohio. He is a 2005 graduate of Miami University in Oxford, Ohio.
What’s the Difference Between Freight Management and Logistics Management? In today’s world, where globalization and international trade play an increasingly important role, efficient freight management is becoming a key aspect of success for many companies. The post How Do Companies Manage Their Freight?
When it comes to managing your freight spend, there are a few options to consider. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. The […].
In this article, we will discuss why benchmarking is so important, how it works, and how you can use it to maximize your efficiency when shipping goods. Final Thought Benchmarking your freight rates is an essential part of running a successful business in today’s increasingly competitive environment. What is Benchmarking?
Rethinking the Freight RFP Process. Once a year, shippers and carriers begin the arduous freight RFP process, when shippers send out request for pricing (or proposal) for contract rates to their list of trucking companies. It is why many companies are rethinking the freight RFP process.
AI in Logistics: Optimizing Routing, Freight, and Carrier Coordination Among the most data-rich areas of the supply chain, logistics operations stand to gain significantly from AI in supply chain automation. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch. This article sheds some light on sustainability considerations at the carrier-shipper interface by analyzing recent survey data. Thus, freight buyers need to do more to integrate decarbonization into their procurement practices.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
Behind every product's journey from a far factory floor to your local shop, complicated decisions drive the logistics and freight. That is where freight management will come into play. The common aim is to keep shelves full, costs low, and consumers happy.
My goal of consistently writing weekly was short-lived due to back-to-back conferences, but I’ll get back on track this week with two articles. However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise.
The importance of integrating data as well as the multiple tools that BCOs or forwarders are already using or adding to their stack as explored in a previous FreighTech24 article is key to realizing the efficiencies that tech promises.
North American Transborder Freight up 23.8% The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. The excess capacity includes warehouses in New York, New Jersey, Southern California and Atlanta, according to an article in Bloomberg.com that referenced anonymous sources.
The Factory Gate Pricing (FGP) and Primary Freight (PF) strategies, as adopted by major grocery retailers, are causing a shudder up the spine of many retail suppliers. What are Factory Gate Pricing and Primary Freight strategies? The above are just some examples of the information extracted from the model.
US trucking freight activity fell sharply, by -13.8% compared to the fourth quarter of 2024, according to the latest US Freight Payment Index , which measures changes in both the levels of freight shipments and related spending activity based on transaction data. Year-on-Year (YoY), and by -5.8% YoY and -2.5%
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
Today’s article is from GlobalTranz and looks at the difficult decision of transitioning in-house logistics to managed services. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control. Another indicator of switching from in-house to managed logistics transportation services is expanding freight spend.
In this edition we have several news updates, interesting & enlightening articles and contributions on people & management – topics which are most crucial to the development of the Supply Chain Industry across regions as well as globally. Featured articles from this issue: h6. Is your freight invoice accurate?
At the same time, the Class Is have been content to hand off the carload freight business to short lines whose lower cost structures and personalized marketing in many cases are built around low-volume traffic. Subscribe to FreightWaves’ Rail e-newsletter and get the latest insights on rail freight right in your inbox.
The action is in response to “uncertain times for customers” as a rapidly changing trade landscape weighs on the freight industry. Supply chain software provider Descartes announced Wednesday that it is cutting its workforce by 7%, or roughly 200 people. Shares of DSGX were off 0.5% in after-hours trading on Wednesday.
Joe is Founder and CEO of The Logistics of Logistics , a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight.
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Below are some highlights from Seth’s article, 2023 Top 100 Logistics List Highlights Growth for 3PLs. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom.
This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. To read the full article, click HERE.
Unifor claims that the company is pushing to implement changes to pay systems that would have drivers travel more than 60 miles to get to their routes or pick up freight with no compensation. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico More from this author Subscribe to our Daily Newsletter!
percent of the nation’s freight by weight. And just how much is that freight weight? billion tons of freight (primary shipments only) was transported by trucks in 2022. I am not including multimodal in this article as it is performed by at least two modes of transportation which could include air, ocean, or rail.
Yet, as Vivek Vanwari, an ex-VP at Kuehne+Nagel, emphasized in the same article, “in forwarding, the relationship is so important. Nikolai Bozhilov, Executive Chairman of freight forwarder Unimasters, shares that they’ve used “digital labor” in other domains too, including sales, marketing, and financial forecasting.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. One hundred percent of our customers are in trucking and logistics including ~10,000 motor carriers and ~800 freight brokers. During his tenure, they went from $500M to $3B in sales. The Greenscreens.ai
Today’s article comes from Emerge, and looks at how to create full truckload budgets in a volatile market. Whether it’s for ocean freight, air, rail or truck, the fundamental issue with budgeting is that folks are called upon to assign accurate costs to transportation services that will be provided in the future.
Today’s article is from GlobalTranz and explores white glove services in transportation management. There are tiers for rates, mode, and freight class, but there’s another layer of logistics. To read the full article, click HERE. In logistics, not all shipments are equal. appeared first on Logistics Viewpoints.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. to less and 0.5%.
This article explores how supply chain innovation is a competitive differentiator that allows hungry young companies to disrupt established industries and reach dizzying heights of success. Convoy – Digital Freight Network Convoy created a digital freight network matching truckers and shippers.
In 2025, chemical companies face heightened challenges in freight management due to increased regulatory complexities, volatile trade policies, and rising operational costs. Despite advancements in logistics technologies, many firms continue to overpay on freight, impacting their bottom line.
The dynamic could represent an improving freight market, but it also reflects transportation companies offsetting higher operating costs through rate increases. More FreightWaves articles by Todd Maiden: Yellow Corp. (The report classifies a reading over 70 as “significant expansion.”) than at larger entities (56.7).
I will cover this in an article next week. As freight truck utilization continues to fall from pandemic-era capacity, more small carriers are giving up for-hire authority as equipment and other carrier costs remain higher at the start of 2023. This could be a slow, messy year for freight.
A few weeks ago, I wrote an article on the benefits of time slot management. In that article, I highlighted the importance of the network effect on time slot management and related technologies, as well as the main benefits of a time slot management application. This is important for reducing carbon emissions.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. One of my predictions within that article is that inflation will hinder supply chain resiliency efforts. Inventory Management in a High Inflation Environment ; Clint Reiser. Steve Banker and Chris Cunnane.
The business combination, which was expected to reap the synergies and economics of integrating a freight forwarder with an expedited capacity provider, has yet to live up to initial projections. Shares of Greeneville, Tennessee-based FWRD ( NASDAQ: FWRD ) are off roughly 80% since the merger was announced in August 2023.
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. 17% went bankrupt, went private, or were acquired.
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Report Overview: The report (12 pages) includes brief write-ups on the freight forwarding, transportation, freight brokers and warehousing services (cold chain and e-fulfillment) markets. Also included are listing of North American acquisitions for each logistics service. Rethinking supply chains is a reader-supported publication.
It was recently reported that one of the world’s biggest container logistics companies, Maersk, will only handle cargo from direct shippers, cutting out freight forwarders. 1 carrier stopping its dealings with even a portion of the world’s freight forwarders? It seems to me small freight forwarders, in particular, are at risk.
These results therefore stress the importance of having robust oversight of supply chains and then utilising this capability to rapidly understand where supply chains are stressed and to forecast how demand patterns are evolving at this Primary Event: Reuters Events: Supply Chain Europe 2025 YouTube URL: [link] Image Caption: European supply chain (..)
Related articles : Airlines lower air cargo forecast amid escalating trade war FedEx converts parcel freighter to heavy cargo operation Just steal it: Why carriers avoid Memphis Click for more FreightWaves articles by John Gallagher. The post Legislation could help speed air cargo shipments appeared first on FreightWaves.
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