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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility. With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance.
Alex is the President of Expedite All , Americas largest small truck network, with over 9,000 vehicles ranging from cargo vans to straight trucks. At Expedite All, he enhances freight safety, leveraging a secure network of 9,000+ small trucks nationwide. Alex Winston and Joe Lynch discuss America’s largest small truck network.
But in the context of the Shippers Council, the shipper is the cargo owner (or BCO beneficial cargo owner), usually a manufacturer, who contracts with a logistics service provider (LSP), which, in the Councils definition, can be a transportation (land, sea, air) company, an express company, a forwarder, or a full-fledged 3PL.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
Singapore 12th August 2021: Recognising the heightened focus on overall supply chain performance due to increased disruption and challenges, shippers, manufacturers and beneficial cargo owners (BCO’s), are increasingly faced with soaring freights rates and what they, correctly or otherwise, perceive to be sub-standard or inferior service.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend. The Freightos Baltic Index (FBX) has become the industry standard for container freight rate tracking, providing transparency in a historically opaque market.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
Blog More Resources Home It’s Not About Chatbots: Getting Real on AI Usage In Real Life Logistics (AI Popup #5) AI Popup #5 September 17, 2024 Dive deeper into freight data that matters Learn More It’s so hard to talk about AI without sounding pretentious or annoying. What Freight Right Doesn’t Do With AI: We aren’t using chatbots.
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. It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport.
The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. kg of carbon emissions. This is a big deal.
Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Email Address. Plan effectively.
Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Use of Freight Rate Benchmarking.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your ocean freight prices. So how can you be sure you’re getting the best freight rates possible?
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?
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. IATA data shows global demand for air cargo markets jumped 3.7%
Which brings us to international freight. It’s challenging to get fixed prices for global freight. Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. Hedging for freight price volatility.
Truckstop emerged as a winner of the 2025 FreightWaves Fraud Fighter Awards with an innovative approach to combating fraud in the freight industry. The company’s standout solution, Risk Factors, is transforming how freight brokers identify and prevent fraud, establishing new standards for risk management across the logistics sector.
And it’s about to get hit by a freight train of innovation. How much do we love freight innovation? Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.
Space utilization, or vehicle fill, is a critical metric that can be measured in various ways: Pallet numbers and height: While common, this method can be misleading depending on cargo density. Deck-area coverage: This measures the percentage of floor space used by cargo and is particularly relevant when stacking height is restricted.
For many shippers, air freight wins out on speed and convenience and FCL (full container load) seems a better deal on cost. General improvements to the reliability and speed of ocean freight have increased LCL’s stakes against air freight. For Sanjay, in many respects, looking at freight from the customer’s perspective is key.
We will then conclude the 5 main categories by featuring the top 10 freight articles of 2015. As a TMS provider, Cerasis also provides the services related to transport management: freight claims, freight accounting, carrier relations, and more. WHITE PAPER] The Complete Guide to Freight & Transportation Accounting.
What we (Transportation Workers) Need is Not Personal, It’s Economical & Common Sense…It’s Way More than “Complaining” When asked, “What We Need,” many manufacturers will understand the reasons why logistics and freight haulers say they require attention to road and freeway conditions. Wide shoulders.
Regardless of whether your freight is moving on your assets or someone else’s, strategic route planning can result in fewer miles driven and less emissions. To qualify for this designation, carriers are required to measure, benchmark and track what they are doing to increase efficiency and fuel economy and have documentation of their efforts.
Air Cargo World has an interesting article regarding DHL Global Forwarding’s decision to abandon a €750 million project to modernize it’s new forwarding environment IT system. As best we can tell, the new system couldn’t scale to DHL’s massive business, and lacked flexibility.
How much are you spending to move 100 pounds of freight? What’s your primary carrier’s cargo acceptance rate? Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise.
The key to a great truckload strategy is aligning capacity communities with attribute segments of your freight portfolio. Your first objective is to segment your freight by some primary attributes. We have been studying truck freight attributes and strategies since 2006. Capture backhaul freight that aligns with their needs.
A New Market Seeks to Draw Freight Bets (WSJ – sub. are set to launch on Friday [March 29, 2019], testing whether an old-school industry will embrace a new financial tool designed to protect cargo haulers and shippers against swings in freight rates.” and one will track a national benchmark.
Visibility Through Volatility Mitigate supply chain disruption by synchronizing tendering, rate validation, and freight bookings. More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend.
Elon Musk revealed that one of Tesla’s battery powered class 8 semi-trucks completed a 500-mile trip fully loaded with 81,000 pounds of cargo – all off a single charge. . Finding Freight Consolidation Opportunities . Freight consolidation offers a multitude of benefits to CPG brands. roads generate about 7% of U.S.
Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. In-bound freight delivery efficiency can be optimised by consolidating in-distribution hubs and reducing stock levels at country level.
Were any shipments damaged or otherwise subject to cargo insurance claims? Blockchain Provides Unmatched Traceability in Freight and Logistics. According to TechCrunch.com , the freight and logistics industry in the U.S. Accurately benchmark past performance versus peers. How quickly do customers receive products?
All those books would weigh 49,000 kilograms – half the cargo mass of a Boeing 747-200F. Why this book rocks: Whether you focus on ocean, air, truck, barge or rail freight, it’s probably a steam engine that’s making it all work. Amazon has 31,817 books about supply chain and 24,934 about logistics. Empire State Buildings.
The More Than Shipping blog is a comprehensive resource for shipping trends, supply chain planning, project and specialized cargo and more. Freight Hub. In addition, Freight Hub publishes a stream of blogs focused on the use of blockchain to drive interest in its blockchain-based Bill of Lading solution. More Than Shipping.
LTL freight carriers normally transport small shipments of freight from many companies. In this system, space is shared by all of the cargo on one truck. When companies opt for LTL shipping, they are charged for the section of the semi-truck that their freight takes up. Reduce your warehouse costs.
How much are you spending to move 100 pounds of freight? What is your primary carrier’s cargo acceptance rate? Benchmark your operation using the selected metrics. There are two broad types of benchmarking: internal and external. Internal benchmarking refers to activities within the four walls of the enterprise.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. America container service loops.
Following an unprecedented downturn, the freight market has posted an almost full calendar year of impressive growth spurred by demand from a few sectors of the domestic economy. The second half of the past quarter was highly atypical and posted freight volumes that vastly exceeded those generally seen during peak season.
Chainalytics Introduces FMIQ Monthly Benchmarking Index. December 2014 Freight Transportation Services Index (TSI). With more than 30 cargo ships anchored offshore, countless supply chains scrambling, and the prospect of a $2 billion per day hit on the U.S. billion of freight under management.”
Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Extreme weather represents one of the most significant risks to ocean freight on the globe.
often suffer from all kinds of severe weather during the first quarter, impacting freight movements. Cargo can also be damaged by the cold. If freight needs protection from freezing, the shipper may need to change routing instructions. If there are delays, or the truck is stranded on the highway, the cargo could be ruined.
The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. The halal trust of a brand is measured through a consumer survey, analysing the consumer perception of the halal logo, excellence, transparency, halal authenticity, and intention.
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