This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Flexport – a logistics service provider whose services include order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage – raised $260 million on an uncapped convertible note from Shopify. Skydio, an intelligent drone technology, received $230 million Series E fundraising.
Dan is a recognized thought leader in WMS, with experience prior to his role at Softeon as the founder of Supply Chain Digest, CMO at RedPrairie (now BlueYonder) and as lead WMS analyst at META Group (later acquired by Gartner). Dan Gilmore. CMO Softeon. The Logistics of Logistics Podcast.
Case-in-point: my company FourKites will collaborate with 16 other supply chain industry leaders — including BlueYonder, e2open, Oracle, Uber Freight, and JB Hunt, to name a few — as part of the Scheduling Standards Consortium (SSC).
With tightening freight capacity, shippers need more carrier coverage to make an informed decision about the right price to be paid to transport freight. Shipping freight and the costs that come with it are often seen as fixed. Even as the current driver shortage in the U.S. The Problem with the Status-Quo.
I do this to point out the sheer analogy between such a goal – which in the commentator’s words “ oozes class ” – and the freight management/logistics management industry. Here are five soccer analogies that will help you succeed in the freight management/logistics management industry: 1. for our customers.
I had the privilege to co-present a CSCMP webinar recently called “The First Steps Toward Digital Transformation In Freight” with Hunter Yaw, VP, Product and Business Development, at Loadsmart. The post Digital Transformation in Freight appeared first on Supply Chain Nation. Watch a replay of the CSCMP webinar here.
Today’s most advanced networks feature real-time digital freight matching, autonomous carrier selection and continuous route optimization powered by data streams. The shift from fixed routing guides and contracted lanes to industry leading transportation systems represents a quantum leap in efficiency.
Manufacturers and retailers can minimize their risk, however, by incorporating carriers vehicle maintenance and safety records into their freight procurement decisions. based freight carriers have CSA (compliance, safety and accountability) scores that can be used as a decision factor, in addition to cost.
About $3 billion worth of it comes from empty miles traveled, according to Shelley Simpson of JB Hunt in an interview with Freight Waves magazine. Enabling truckers and shippers to better match their freight and capacity is key to margin improvement on both ends.
Kimberly-Clark leveraged Blue Yonder Transportation Management to achieve significant freight cost reductions and operational efficiencies. Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
Steve began his career as a Production Supervisor at UPS, following which he became a Terminal Manager for Roadway Express, and CF Motor Freight (now XPO Logistics). Prior to joining ThroughPut, he served as the CEO of his non-profit outfit, The Supply Chain Project.Org.,
They’re taking care of the ocean freight, the air freight and the terrestrial freight — really managing product movements from the beginning of the journey to the end.”. Not only are freight costs rising, but shipping resources are becoming scarce,” Ryan points out. Large-Scale Operations Deliver Big Customer Benefits.
Another is the Freight Division where we handle logistics with 2,800 power units dedicated to moving people and things from one place to another, both domestically and internationally. Aggregation : Partner with all the transportation companies that work with us on freight capacity, warehouse capabilities, and customs capabilities.
Stabilization in the freight/trucking and warehousing market is a big boon for the logistics industry. Logistics service providers (LSPs), carriers and freight forwarders are aggressively continuing their investments in technology infrastructure.
The trucking industry hauled 73% of all freight transported in the U.S. billion tons of freight, according to the American Trucking Associations (ATA). billion in gross freight revenues (primary shipments only). in 2019, equating to 11.84 That same year, trucking resulted in $791.7 In 2018, there were 304.9
Can we use premium freight? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we get the supplies from an alternate source? Can we expedite?
The VP of logistics, transportation or supply chain is concerned about congestion across networks, labor shortages, transportation delays, port bottlenecks, cost pressures, and how much they are spending on premium freight. Enabling supply chain resiliency on the logistics side and reducing transportation freight costs are really key.
What If” Analysis: Many of the older transportation solutions planned freight by minimizing miles. Carbon Cost Considerations: In transportation, reducing overall carbon footprint relies on planners making smarter decisions around carriers, modes and service levels.
As an example, the Transportation Manager at Kimberly-Clark discussed the results their company has achieved with Blue Yonder: “Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
But thanks to an almost century-old law that regulates labor relations only when it comes to railroads and airlines, Congress has imposed unpopular contracts on the four rail unions that control 30% of the nations freight shipments. Black Friday Was Still Big, Despite Inflation.
It allows organizations to develop proactive risk mitigation plans to lower premium freight. They can get the items through an alternate supplier, they can expedite shipments, or they can attempt premium freight. Would this disruptive event cause a low stock or stock out situation?
In a panel discussion at ICON Las Vegas 2023, Chinmay Jaju, Senior Manager of Strategy for Uber Freight, summed up the tough challenge facing logistics professionals today. When we think about sustainability at Uber Freight, the goal is to eventually move to a zero emissions vehicle fleet, but the technology is not there yet.
As businesses become more dependent on global supply chains for goods and services, the freight and logistics industry will play a much more critical role. Currently, the industry is controlled by freight brokers who help facilitate transactions of loads from shippers to carriers by adding a markup. Chains of Freedom.
For example, freight forwarders are extending their service offerings to include e-commerce fulfillment. The other aspect to this is where we see consolidation in the LSP/3PL market and also diversification.
This week: Amazon brings select cities free 2-hour Prime deliveries from Whole Foods; Elon Musk expects a Tesla to drive coast-to-coast in 2018; CVS Health ups its starting hourly minimum wage; freight brokers are seeing a surge in profits; and companies are working to find ways to ensure AI technology helps their business instead of hurting it.
To determine this year’s leaders, Gartner analysts evaluated vendor’s offerings considering capabilities such as rate and contract management, operational planning, execution, freight settlement, and transportation analytics. Blue Yonder was positioned among a total of four vendors in the Leaders quadrant.
One of the factors in that evaluation would also be the freight costs you incurred for that container and any additional costs if you are expediting another shipment. If you were to check the freight invoice, you probably paid four times the cost of the container as compared to last year! Peaking Rates. Chart Source: Freightwaves).
Two top European shippers — Maersk and DSV — have warned that freight costs will likely remain high well into 2022, adding to the global supply chain chaos. The long-term effects could be devastating, including global food shortages and record levels of inflation, both in Europe and the United States.
This fragmented approach results in latency in decision-making, parts shortages, increased transportation and labor costs, reduced throughput, expedited premium freight, and inefficiencies in labor.
As a result, they have reduced their spend on air freight, a costly remedy for shipping delays, by almost 90%. This also helps lower their carbon footprint.
My first job was at UTi Worldwide, a freight forwarding company that was building a global system. I worked a lot of jobs while at the university and that is where I had my first exposure to IT – building surveys for different departments and creating reports of the results. Since I was an international business major this seemed to fit.
The solution can observe primary tendered carrier auditing, such that carriers that were rightfully offered freight given their capacity commitment, then reject the load, are tracked for contract compliance. JDA’s TMS also audits tender compliance from carriers based on metrics, such as carrier acceptance rates.
Air and ocean freight carriers were reliant on these LSPs to provide them with a view of the market; in most cases they had no transparency into the shipper’s needs and thus were completely cordoned off from the true source of demand. But this is easier said than done.
Access the 2020 Supply Chain Visibility Report for a more complete analysis, plus discussions of the impact of the ELD mandate, sustainability efforts, blockchain and digital freight management. The post Supply Chain Visibility in a Time of Crisis: What the 2020 Visibility Report Tells Us appeared first on Supply Chain Nation Blog.
Enabled by a completely transparent logistics framework, the organization can optimize last-mile logistics in real time as conditions continue to change, using flexible alternatives like external freight networks. Demand planning.
A major shift we see is that companies are becoming comfortable in tapping into networks and platform business models to procure space, resources, freight capacity , and more, on an as-needed-basis. The supply chain execution and logistics market has been transitioning to one that is supported by a broader range of networks.
Products must be passed through the supply chain strategically, avoiding high costs, and delays via dynamic freight bidding, optimized routing , and load building, and productive labor and truck scheduling. Logistics teams only get one shot at delivering the right product to the right place at the right time, profitably.
There are many new transportation modalities that have the potential to revolutionize the freight transportation business, especially parcel delivery. manufacturing output; and how Click & Collect boosts retail sales. Package Delivery by Rocket. As Michael Sheetz reports for CNBC, Delivery by rocket could change the game for UPS, FedEx.
Retailers will need to ensure they leverage markdowns dollars in places where they expect to yield the highest return but more importantly, drive the unit velocity to clear the way for new incoming freight.
For example, a network-modeling engine might physically move products closer to actual demand to reduce freight costs and CO 2 emissions, while also improving delivery speed. A load-building engine will figure out the best way to create fuller, more cost-effective truckloads.
She highlighted the trend of increasing ocean freight capacity, but she maintained that the capacity will not be enough. Even though volume has increased a lot, they have to continue to look for ways to increase efficiencies and improve service. In this environment, mergers and acquisitions will continue.
labor shortages, and the highest spot-rate freight charges in years. PepsiCo’s state-of-the-art logistics solutions position the company to stay close to market conditions and optimally match available capacity to its freight requirements as disruptions emerge. supply chain disruptions?, leaving PepsiCo scrambling to replace them.
Companies should start with what business outcomes they would like to drive towards, whether they would like to reduce premium freight, reduce inventory on the Tier 1 side, or improve service levels while reducing inventory on the aftermarket side. Please do not underestimate the importance of master data.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content