Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. In this session, she mentioned that the federal government handles over $445B of federal contracts.

Supply Chain News on Under Armour Making Bold Move for Made in USA, Thinks it Can Help Reshape American Economy

Supply Chain Digest

Fast Growing Apparel and Shoe Maker Discusses Project Glory, New Production in Baltimore

Can’t We All Just Get Along?

Logistics Viewpoints

As the senseless violence in Charleston reminded us, as did similar episodes in Baltimore, Ferguson, and Newtown, we are far from living up to our nation’s ideal of “One nation, under God.”

Rebuilding Efforts Fuel Flatbed Demand

DAT Solutions

Baltimore rates rose sharply after Irma, likely due to ocean cargo that was diverted from Miami and Savannah. The lane from Baltimore to Charlotte jumped up 60¢ last week to $2.22/mile, but volumes are trending back down now.

Flatbed Markets Adjust to Holidays, Regulations, and Weather

DAT Solutions

Flatbed freight out of Baltimore usually heads to the Northeast and Midwest, and the weather in those regions made those shipments more difficult. That pushed Baltimore rates up 10% higher last week as a result.

Steelwedge Software Announces Supplemental Funding Round

Supply Chain Matters

million in new growth capital in a funding round led by Baltimore based private equity firm Camden Partners. Supply chain technology provider Steelwedge has announced today that it has received $22.5 Other participants in this latest round of funding included San Francisco based Mainsail Partners, Shea Ventures and the firm’s CEO, Pervinder Johar.

Florida Reefer Rates Take a Dive

DAT Solutions

Miami to Baltimore dove 59¢ to $2.91/mile. Lakeland to Baltimore fell 46¢ to $2.93/mile. Peak season for Florida seems to have come to a close, and reefer rates responded accordingly.

This Week in Logistics News (March 16-20, 2015)

Talking Logistics

Prime Now Expands: One-Hour Delivery on Tens of Thousands of Daily Essentials Now Available to Prime Members in Baltimore and Miami.

UDI Conference: “Yes, you have to do this.”

Loftware

At last week’s UDI conference in Baltimore, the FDA’s Terrie Reed summed up the reaction of many companies dealing with unique device identification (UDI) compliance with the question “Do we have to do this?”

10 Books Logistics And Supply Chain Experts Need To Read

Freightos

The Wire is an incredible TV show, following the drug ecosystem in urban Baltimore and the police officers tasked with bringing it into check. And season two is all about the Port of Baltimore. There are tens of thousands of books about logistics and supply chains. Literally.

Reefer Rates Continue to Cool

DAT Solutions

As a result, rates fell on a couple of lanes out of Miami: Miami to Baltimore lost 39¢ at $2.05/mile, which is still high for February. February is usually the slowest month of the year for spot freight, and declines in reefer rates have been sharper than in the van segment.

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Reefer Prices Swing, in Seasonal Shift

DAT Solutions

SURPRISES - One big surprise lane last week went against the trend: Miami to Baltimore jumped up 35¢ to $2.72.The biggest decline for a single reefer lane was from Dallas to Denver , which lost a whopping 70¢ but still averaged $2.94/mile.

Loads and Rates Rise as Month Ends

DAT Solutions

On the East Coast, choose between Baltimore to the north and Raleigh to the south, or go from one to the other, with a TriHaul (triangular) route to replace the low-priced southbound leg. The lane from Raleigh to Baltimore paid $2.75/mile last week for flatbeds.

Storms and Rising Fuel Costs Put Pressure on Flatbed Rates

DAT Solutions

RISING LANES: While rates may not have changed drastically in the past month, one thing that’s stood out is the use of Baltimore as an alternative port for the Southeast: The lane from Roanoke to Baltimore averaged of $3.41 Baltimore to Charlotte added 36¢ at $1.89

Freight Surge Expected for Q2 and July 4

DAT Solutions

TriHaul of the Week, for Vans: Charlotte-Buffalo-Baltimore-Charlotte. If you take a load from Buffalo to Baltimore , for example, you add only 126 miles but you make 15¢ more per mile.

Produce Season Leads to Surges in Reefer Rates

DAT Solutions

Lakeland to Baltimore shot up 54¢ to $3.09/mile. Many produce markets around the country are kicking into high gear, especially in the Southeast. Refrigerated truckload volumes have surged out of Florida , and reefer rates on several outbound lanes soared above $3/mile.

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If You Are Not a Step Ahead, You Are Behind.

Directworks

A couple of weeks ago, ISM and Spend Matters had their first Eprocurement Technology Summit in Baltimore, Maryland on the Inner Harbor. I attended with a few colleagues from Directworks. We wanted to go to see what kind of conference it was, and could be in the future.

Reefer Rates Respond to New Regulations and Pre-Holiday Urgency

DAT Solutions

Reefer rates out of Miami also surged, and the lane to Baltimore added 54¢ to an average of $2.28/mile. Last week was a short week, as most carriers needed to get drivers home in time for the Christmas weekend.

Hot Flatbed Segment Shows Signs of Cooling

DAT Solutions

Rates declined on certain flatbed lanes, but these falling lanes are still paying more than $3.00/mile: Atlanta to Baltimore , an export lane, tumbled 94¢ to $3.38/mile. Demand for flatbeds has been red hot for months, and so are rates.

Flatbed Rates Hold Steady at 2-Year Highs

DAT Solutions

WHAT'S HOT – Rates were on the rise last week in two Atlantic seaport markets: Baltimore and Jacksonville. Flatbed volumes didn’t slip as expected in the first half of July.

Reefer Truck Shortages Push Rates Higher

DAT Solutions

Miami to Baltimore rates tumbled 62¢ to $2.37/mile. Trucks have been in short supply so far in June, and that's been especially true in many of the major reefer markets.

Miami 130

Reefer Demand Remains High in Mid-Winter

DAT Solutions

The biggest drop last week was on the lane from Lakeland, FL, to Baltimore , which dropped 69¢ to $2.23/mile. Reefer load counts stayed high through the second week of January, with temperature-controlled trailers being used in many areas to keep freight from freezing in the cold weather.

Reefer Freight Adjusts to Post-Holidays, Post-ELD

DAT Solutions

Miami to Baltimore dropped 99¢ to $2.39/mile. The demand for refrigerated trailers peaked at year-end, but the extra-cold weather in many parts of the country has kept prices at record-setting levels in many areas, since those trailers are being used to keep freight from freezing.

Do No Harm…

Supply Chain Shaman

Baltimore: Johns Hopkins Press, 1943. _.

Spot Market Reefer Rates Hit a 3-Year High

DAT Solutions

The lane to Baltimore lost 37¢ at just $1.30/mile. Lately, the spot market for refrigerated freight has looked a lot more like June than November. Last week, the national average reefer rate hit $2.40 per mile, its highest mark in 3 years.

Welcome to Wilmington!

Arkieva

Located in New Castle County, we are a jump, skip and a hop from cities like Philadelphia, Baltimore and Washington, D.C. Here at Arkieva we have three offices. From our previous post, you can tell that one of those locations is in Antwerp, Belgium.

Rock on!

Supply Chain Insights

They deliver pantry supplies to our small office in Baltimore <without charging us shipping> a couple of times a week. We love Amazon. At Supply Chain Insights, we are loyal Amazon shoppers. The experience is fun; and for us, convenient. We also feel that they are a wonderful case study of how supply chains can make a difference in driving value. This week, we celebrated the launch of their same day delivery model with a glass of wine.

Flatbed Freight Continues to Gain Momentum

DAT Solutions

Roanoke, VA , saw the biggest increases, but prices also rose out of Dallas, Fort Worth, Baltimore and Birmingham. February has been a strong month for flatbed freight.

Reefer Rates Hit New Highs in Record-Setting Month

DAT Solutions

Miami to Baltimore had an unexpected rebound, up 55¢ to $2.70. Reefer markets continued to sizzle during the last week of June, as the end of Q2 and the upcoming 4th of July holiday added to pressure on freight rates.

What are Block Chains? – Jason Busch on the Future of Money, Trust and Transparency

NC State SCRC

Jason Busch provided a great view on Block Chains, and their impact on the future of funds in the supply chain, at the Global Procurement Tech Summit in Baltimore. Jason started out by discussing the fact that a company ledger is just a source of truth. Because we are having more and morecomplexity in our supply chain trading systems, keeping track of all our transactions is becoming increasingly difficult. In the old days, we had a single mainframe computer, and a single tape drive.

This Week in Logistics News (September 28 – October 2, 2015)

Talking Logistics

It will be available soon in New York, Baltimore, Miami, Dallas, Austin, Chicago, Indianapolis, Atlanta and Portland. There was plenty of learning and networking at the CSCMP Annual Conference this week, which I’ll write about in a future post.

Reefer Demand Dips, But Rates Don't

DAT Solutions

Miami to Baltimore and Miami to Boston each fell an average of 22¢ per mile. Although load-to-truck ratios for reefers dipped last week, rates held steady at their highest point in almost two years.

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Spot Freight Volumes Get Welcomed Boost

DAT Solutions

Lakeland, FL, to Baltimore had a sharp 39¢ drop at $1.46/mile. We got a welcomed surge of spot market freight to close out July. It's unusual to see an uptick in volumes at this point in the summer, but the top 100 van lanes set all-time records for volumes last week.