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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.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates. Unify, Automate, Thrive Automate tendering, benchmark rates instantly, and book freight in one solution.
The system meticulously analyzes billions of data points gathered from public records, proprietary sources, and partner-sourced carrier information. Beyond its immediate benefits to individual brokers, Risk Factors is helping to establish a new benchmark for centralized fraud insights across the logistics ecosystem.
On August 1, Asian shares fell 0.7%, Europe’s Stoxx 600 benchmark fell more than 1% and futures on the S&P 500 retreated about 1%. Still, there were some shocks, such as a punitive 39% rate for imports from Switzerland, and an increase on some Canadian goods to 35%.
For example, setting internal benchmarks for racial representation in leadership or offering programming limited to particular identity groups are likely to be challenged as contrary to EO 14173 and unlawful under Title VII.
See More Bad News on US Cargo Theft.) Click here to send us your comments In response, the National Motor Freight Traffic Association (NMFTA) has just released a framework it says can help shippers, carriers and brokers fight back against the growing and increasingly sophisticated threat of digitally enabled cargo theft.
China Trade War Within Mexico, although tariffs have raised prices in select product categories, their broader inflationary effect has been muted, in part because Banco de México reduced the benchmark interest rate to 9.00% in March, its lowest level since September 2022.
Studying economics at Yale, Smith’s 1965 term paper pitched the idea of creating a logistics company that would carry only cargo, and do so for a package’s end-to-end journet, such that a package could be delivered almost anywhere in the US overnight. Click here to send us your comments The story is well known.
There is one easy answer: a large number of cargo ships continues to avoid sailing in the Red Sea in and out of the Suez Canal, to avoid attacks from so-called Houthi rebels in South Yemen. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? What is going on?
There are three remaining Panamanian ports, all operated by foreigners, none of which has raised the ire of the comptroller,” he said, “implying there exist benchmark contracts that can be struck for these two ports.”
After securing access to TuffAir’s materials, Amazon abruptly ceased communications, only to unveil a remarkably similar regional air cargo model within months, based on the same technical, operational and strategic elements TuffAir had disclosed,” the company alleged in its legal filing. No comment as yet on the suit from Amazon.
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.
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. Improved cargo capacity by innovative 40 foot container design (fold). Really hot. The email subject? “Is
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. These are the must-haves for any effective freight sourcing team. GET our EBOOK HERE.
Just last year many were chartering their own cargo ships to get all these goods to their destinations.) By integrating order data, load information across modes, yard shipments and the like, internal departments can turn to a single source of the truth and more accurately manage various aspects of the lifecycle.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Consultancy UK).
However, it’s important to review your pattern of freight spend in relation to sales so that you may set a benchmark. So, fleet managers need to ask a fundamental question, “What does it mean if my drivers, assets and cargo are continuously connected to the enterprise and how can I leverage this fact to create value for my organization?”
Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels.
Chainalytics Introduces FMIQ Monthly Benchmarking Index. Transportation Department pushes tough oil train standards – sources (Reuters). 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.
Click the button on the right to see our sources. SEE CALCULATION × Sources for Freight Emissions The following facts are from disparate sources, but tell a consistent story. International shipping share of global GHG emissions: 2.5% (cargo ships are 67% of the world’s fleet). Curious how we found it?
The Shippers Council of the Logistics & Supply Chain Management Society comprises close to 30 of the largest shippers or beneficial cargo owners (BCOs) in the Asia Pacific. What tools we can use to benchmark ocean freight and carriers’ service reliability?
It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations.
When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. 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. . Electric Vehicles .
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates.
Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Lack of Benchmarking. Surrett writes, “It’s important to validate the true value by benchmarking against others in the sector. Inaccurate Billing.
The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. This trend is also better known as the evolution of halal or when applied to an organisation: the corporate halal maturity.
Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Source raw materials from reclamation centers where possible. Although systems can be integrated through open-source software, integration and modification of systems increase risk. What to Do About It. What to Do About It. Connectivity.
Real-time cargo tracking and monitoring improves in-transit visibility Today the true visibility into the movement of goods is still minimal and mostly done via processes heavily dependent on phone calls and email communication. In-transit visibility creates vast opportunities for supply chain optimization.
Presently, their major focus lies on local production, warehousing and strategic sourcing. Supply chain risk management maturity levels define how well a company has developed the risk management processes in comparison to industry benchmarks. Optimize sourcing decisions. How do businesses enable strategic sourcing?
Abandon: In shipping, this term refers to the act of a shipper or consignee abandoning some or all of their cargo. Abatement: A type of discount granted to a shipper by a freight forwarder or carrier, typically in response to an overcharge or damage to the shippers cargo. Air Cargo: Freight that is transported by an aircraft.
“Eight of the 15 markets that we monitor as a broad, representative benchmark were positive on a week-over-week basis,” states Seth Holm of Freightwaves. In short, we expect it to be difficult to source capacity in the coming months until contract rates edge toward spot rates and the market finds a new “normal.”
Typically, logistics network optimization is for supply and sales of finished goods, although it sometimes includes sourcing of parts or raw materials. “You cannot merely keep different types of cargo anywhere in the warehouse, and then expect your staff to find it whenever needed.
Now, remember that a significant source of freight payment mistakes is improper invoicing and weight declarations by truckers and 3PLs (third-party logistics). Carriers bill customers based not only on shipment quantity but also cargo weight, can result in overcharges if incorrect.
Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area. Gas prices are on the rise.
Benchmark — In logistics, benchmarks refer to KPI thresholds set by an organization to measure supply chain performance. Cargo — Product carried during transportation. Carriage — In maritime shipping, carriage refers to the movement of cargo on a vessel after loading and before unloading.
When fans are running all the time, carriers can ensure their cargo is kept cool without much additional effort. While this method may keep cargo safe, it can also be terribly inefficient. Many operators choose to run their units in continuous mode in the name of product integrity. Click here to learn more about EROAD.
Sources: FBX and SGX. managing complex benchmarks for the shipping industry, to create the Freightos Baltic Index (FBX). The FBX daily is the first containerized freight index fully audited and in compliance with the Principles for Financial Benchmarks set by the International Organization of Securities Commissions (IOSCO).
Of course, COVID-19 has accelerated this trend, with more consumers working from home and ordering online, while it’s also become easier for sellers to source on Alibaba, import, and then sell on Shopify or Amazon.com. In other words, while demand and sourcing was able to keep up, last-mile distribution became a key bottleneck for SMBs.
It's also important for shippers to understand the different types of liability insurance, according to Trucker's Report , which includes the following: General liability insurance covers a truck, occupants, and cargo when the truck is not moving. Primary liability insurance is the most important form of insurance for a carrier to have.
DAT rates are often used for benchmarking and decision support. After more than thirty years in freight transportation and logistics, plus academic training in math and statistics, as well as logistics, I'm 100% dedicated to making the DAT RateView product and database into the most reliable and robust source of freight rate data.
If you already have relationships with shippers, know their lanes, and know the capacity that they need, then brokering their freight could add another source of revenue for your transportation business. For a brokerage, some of those costs are a lot less obvious – contingent cargo insurance policies, for example.
Big data enables trucking companies to solve customer problems and respond to needs in a timely manner, using real-time information about drivers and the location of cargo. Driver performance benchmarking is also possible, encouraging truckers to be more productive, safer, and more efficient during working hours.
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