Chainalytics Partners with Mexico-based Consulting Firm Tsol to Launch Intra-Mexico Freight Benchmarking Service

CHAINalytics

Atlanta, GA (March 11, 2019) — Chainalytics, a global leader in supply chain consulting, analytics, and market intelligence has entered into a strategic alliance with Tsol, a Mexico-based consulting firm and logistics technology provider, to deliver its freight rate benchmarking service within Mexico.

Improve Your Response Time to Market Through Effective Benchmarking

Talking Logistics

There is a significant amount of angst in the transportation marketplace lately in regards to freight spend forecasts. In other words, if a planner receives multiple spot quotes for a load, the best he or she can do is a comparative analysis between the quotes without a benchmark. Technology vs. Manual Benchmarking Approach. The benchmark itself in this instance could be reflective of two different approaches.

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Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. This is a measurement of freight carrier performance and its effect on your operations and customer service.

Forwarder / Broker Benchmark: Challenging Times for Logistics Intermediaries

Logistics Viewpoints

This past spring, we conducted a benchmark study with over 100 forwarders and brokers to evaluate how macroeconomic changes were impacting them, the strategies and tactics they were using to be successful and the importance of technology to their business. Guest Commentary Logistics Service Providers freight brokerage freight forwardersForwarders and brokers are a critical part of international supply chains.

What an extra-active hurricane season could mean for freight

DAT Solutions

Best Practices and BenchmarksThis season is proving to be very different, with COVID-19 adding another layer of complexity to supply chains.

How hurricanes affect freight

DAT Solutions

Best Practices and BenchmarksHurricane season always brings the risk of massive disruptions – not just to supply chains, but to people’s lives and well-being.

A Trucking Economics Lesson: How rates will respond to market changes in 2020

CHAINalytics

So much so that our freight benchmarking group developed a new … The post A Trucking Economics Lesson: How rates will respond to market changes in 2020 appeared first on Chainalytics. Blog Feature Freight Market Intelligence Consortium Supply Chain Consulting Transportation contract freight rates contract rates freight benchmarking Freight Rates Transportation Benchmarking transportation economics Transportation Procurement trucking

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. This is a measurement of freight carrier performance and its effect on your operations and customer service.

TMS SuperUser Secrets – Benchmarking Using TMS Data

Supply Chain Collaborator

The recently implemented TMS-using transportation department works hard with the TMS tools to gain visibility into carrier rates, shipment planning, order tracking, tendering/carrier assignment and freight settlement. Benchmarking TMS data improves and enhances service levels by providing comparisons of customer service-related activities. . _. This type of benchmark exercise helps companies understand how they compare to others and enables them to change as needed.

Enforce Freight Rate Compliance with UltraShip’s Benchmarking Features

Supply Chain Collaborator

Enforce Strict Freight Rate Compliance and ensure you’re getting the most competitive market pricing from your base of carriers. Rate Benchmarking Capabilities Built into UltraShipTMS deliver Optimized Freight Spend Management. The post Enforce Freight Rate Compliance with UltraShip’s Benchmarking Features appeared first on UltraShipTMS. Features Videos benchmarking compliance freight rates rate management rating[link].

TMS and Digital Freight: The Experts Speak

Logistics Viewpoints

When it comes to TMS and digital freight, there is a lot of interest. As the supply chain world continues down its digital transformation path, digital brokers can play an integral role in easing capacity constraints, opening up new lanes, and providing a benchmarking tool for shippers. The post TMS and Digital Freight: The Experts Speak appeared first on Logistics Viewpoints. Transportation Transportation Management Systems digital brokerage Digital Freight Matching TMS

The Road to Freight Management Hell!

Supply Chain Game Changer

Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Management Hell article originally published by, and permission to publish here provided by, Adam Robinson at cerasis.com. The Causes of Poor Freight Data Visibility. Subscribe Here! Email Address.

Top 5 Metrics & Benchmarks To Measure In Pickup & Delivery Logistics

Abivin

In particular, it would be difficult to manage the process and evaluate the success of your organization without quantifiable KPI and benchmark. This is a measurement of freight carrier performance and. Freight Bill Accuracy. Freight bill accuracy is calculated by dividing the number of error-free freight bills by the total number of freight bills in a period. The more error-free your freight bills and payments, the more net profit you gain. ,

The Logistics of Benchmarking European Freight Rates

CHAINalytics

By Olga Rissin | Product Manager, FMIC Europe Shippers transporting freight within Europe and some of its tangential regions face unique operational and business constraints vis-à-vis their North American counterparts. At the core North American and European freight markets have very similar features. The post The Logistics of Benchmarking European Freight Rates appeared first on Chainalytics.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

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. Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost. Here are 15 tips for lowering ocean freight costs.

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Chainalytics sells FMIC to DAT Solutions

CHAINalytics

Feature Freight Market Intelligence Consortium In The News Press Release Supply Chain Intelligence contract rates FMIC freight benchmarking Freight Market intelligence freight rate intelligence rate benchmarking Transportation Benchmarking Transportation Intelligence

COP21 – Freight and Climate Change

Freightos

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. But zooming out to freight as a whole, we found that the freight industry’s contribution to total GHG (Green House Gasses) is about 10% for developed countries (and much more for developing countries). Finding freight’s contribution to GHG took a lot of digging. . and Green Freight Europe.

Who’s Using TMS, Why and How? Notes from the 2016 TMS Benchmark Study

Supply Chain Collaborator

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. According to the American Shipper survey, “respondents that said they use a TMS were twice as likely as non-TMS users to be managing $100 million or more in freight, and 33 percent more likely to be managing between $10 million and $100 million. Half of those who don’t use a TMS manage less than $10 million in freight.”.

DAT Freight Broker Benchmark: 41% More Load Volume Yields 78% Higher Revenue

DAT Solutions

Monthly revenue rose 78% for freight brokers in May on a 41% increase in load volume, to set new records for those two metrics. Sign up for the monthly Broker Benchmark report to see how your business compares to the competition. Best Practices and Benchmarks

10 Controversial Freight Predictions for 2016

Freightos

10 Controversial Freight Predictions For 2016. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Freight Industry Is Finally Online. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. We Start Thinking Of Freight As Big Parcels.

Why Benchmarking Alone Isn’t Enough for Proper Transportation Cost Analysis

Cerasis

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Without understanding true costs and using benchmarks as just that – benchmarks – carriers and shippers will struggle to effectively analyze and reduce their costs.

Is Inventory Waste or an Asset?

Supply Chain Shaman

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. The Supply Chain Insights planning benchmarking work for next year kicks off in January.

10 Controversial Freight Predictions for 2016

Freightos

10 Controversial Freight Predictions For 2016. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. Freight Industry Is Finally Online. Data savvy shippers are collaborating with other shippers to reduce spend, crunching big data to benchmark freight rates to make the right freight decisions. We Start Thinking Of Freight As Big Parcels.

Bring Your Logistics Operation Out of the Dark with Benchmarking

4WL Consulting

This is the value of benchmarking. Setting logistics benchmarks requires a shipper to look inward but also outwardly as well. This means some important benchmarks are things best measured against yourself. Other benchmarks, however, are best measured by looking outside of your operation. The most obvious example is freight rates – in addition to actual transportation spend, what about cost per hundred weight or spend per pound.

Bring Your Logistics Operation Out of the Dark with Benchmarking

4WL Consulting

This is the value of benchmarking. Setting logistics benchmarks requires a shipper to look inward but also outwardly as well. This means some important benchmarks are things best measured against yourself. Other benchmarks, however, are best measured by looking outside of your operation. The most obvious example is freight rates – in addition to actual transportation spend, what about cost per hundred weight or spend per pound.

Industry Commentary: American Shipper Global Transportation Benchmark Study

Supply Chain Nation

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” For example, if having improved visibility of global inbound freight can drive a scenario where I can perform in-transit re-allocation of demand, based upon consumption changes; it frames a scenario that is less vague and more easily measured.

Measure Company Growth with This Key Benchmark

DAT Solutions

You monitor all aspects of your freight brokering business. Fuel prices are dropping by the day, freight rates are dropping too, and trucks are readily available, so you have a lot to offer to shippers. Many freight brokers have told me that their revenues are down compared to last year, but their margins are better, so their net profits are not very different from 2014 totals. Best Practices and Benchmarks

DAT Introduces New Broker Benchmarking Service

DAT Solutions

DAT has launched a new benchmarking service for freight brokers that provides a level of detail found nowhere else in the industry. DAT Broker Benchmarking is a monthly report that provides detailed financial analysis of a brokerage’s performance, and compares that data to other brokerages across the country. More than 25 key performance indicators are tracked, including: DAT Broker Benchmarking goes beyond just gross margin.

Gap Widens Between Contract and Spot Market Freight Rates

DAT Solutions

Spot market freight was stuck in neutral for most of the third quarter , with some pockets of seasonal activity. Recognizing that 2014 was extraordinary in many ways, the past month looks anemic even when compared to the more typical freight movement of September 2013. The gap has widened between shipper-to-carrier contract rates and the spot market rates that freight brokers pay to the carrier. Freight Rates

History Matters: How freight forecasts learn from the past

DAT Solutions

Best Practices and BenchmarksPredictive modeling is the art of using high-power computing to learn from the past and predict the future. Most of us use predictive models in our daily lives, but is not always obvious. .

Freight Market Intelligence Consortium

CHAINalytics

Chainalytics’ Freight Market Intelligence Consortium (FMIC) can help answer … The post Freight Market Intelligence Consortium appeared first on Chainalytics. Freight Market Intelligence Consortium Benchmarking Carrier negotiations Freight Comparative analysis Freight Market intelligence Lane-by-lane transportation costsAre you paying a fair price for transportation with respect to your peers and competitor companies?

Five Strategies to Maximize the Value of Freight Market Intelligence in the Face of Tightening Trucking Capacity

CHAINalytics

By Matt Harding | Vice President, Freight Market Intelligence Consortium | Chainalytics It is no secret that trucking markets are exhibiting a much different spot rate profile than this time last year. Blog Freight Market Intelligence Consortium Transportation Benchmarking contract trucking rates FMIC Freight cost Freight Marketing Benchmarking Matt Harding spot market rates Transportation Cost

Revenues retreat for freight brokers in Q2 compared to 2018

DAT Solutions

During the second quarter of 2019, freight brokers enjoyed their highest margins in two years. Best Practices and BenchmarksThat extra margin helped offset a decline in load counts and revenues, compared to Q2 2018.

Transportation Procurement in India

CHAINalytics

Blog Transportation What's New Chainalytics freight benchmarking Linsa Godwin Sathiamoses Transportation Bid Transportation ProcurementBy Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise.

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Do You Know When it’s Time for a Freight Review?

Logistics Bureau

Choosing freight carriers is not the easiest of tasks, so it’s understandable why companies often overlook the need for a freight review , even when such an undertaking is long overdue. Read and Heed the Signs that Freight Review is Due. But how do you know when it’s the right time to conduct a freight review? You’ve lost touch with (or have never really explored) developments in the freight service market. Changes in freight-rate structure.