The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

It’s hard to predict what demand will be like for products like these ahead of time. Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. Is ocean freight pricing broken? But decisions about how many barrels to produce or how many ships to sail have to be made in advance. And it can be fixed.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Freightos

JUNE 15, 2021

Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.

Global 395

Global Supply Chain Price Reduction Supply and Demand 395

Freightos

AUGUST 31, 2016

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. In many respects, this should be a good time for the logistics industry. In many respects, this should be a good time for the logistics industry.

Freight 186

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Freightos

JANUARY 8, 2019

As we enter a new year, it’s a great time to look back at how far we’ve come as an industry, set our next goalposts, and map out where we should be as an industry by 2020. The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. Online freight booking.

Freight 150

Freight Pricing Training Negotiating Skills Purchasing Training 150

Freightos

APRIL 6, 2020

In 2019, digital freight isn’t a vision; it’s a reality. Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. Email responses are obsolete in just minutes and only digital solutions can keep essential freight moving.

Logistics Network Optimization Software 211

Logistics Network Optimization Software Company Logistics Price Reduction 211

GlobalTranz

DECEMBER 5, 2014

Shippers are often challenged when dealing with the freight classification system from the National Motor Freight Classifications (NMFC) book, the code numbers assigned to all products that determine the correct freight class for shipments. A Brief on Freight Classification.

Freight 244

Freight Negotiating Skills Third Party Logistics Expense Reduction 244

The Logistics of Logistics

DECEMBER 14, 2022

Earlier in his career Jeff was the VP of sales and first employee at MegaCorp Logistics, a billion-dollar freight brokerage. Prior to MegaCorp, Jeff was the 25th employee and served a variety of sales leadership roles at TQL, the second largest freight brokerage in the US. About Fura . Key Takeaways: Creating the Future of Logistics.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Analytics Software Optimization Software Demand Planning Software 225

The Logistics of Logistics

FEBRUARY 12, 2024

Kary Jablonski and Joe Lynch discuss how to level up your freight brokerage. Kary is the CEO of Trucker Tools , the leading carrier relationship management platform that helps brokers grow their carrier network, book loads digitally, track freight, and build enduring relationships with carriers to drive reuse.

Logistics Network Optimization Software 190

Logistics Network Optimization Software Supply Chain Network Software Freight Predictive Analytics Software 190

Freightos

AUGUST 29, 2019

Open up LinkedIn and check out the profile of senior salesperson at a freight forwarder or carrier and you’ll probably see several top-tier providers as previous employers. The best of them accumulated books of business contacts, which moved companies with them. This holds for freight. Freight digitalization reduces cost.

Logistics Network Optimization Software 202

Logistics Network Optimization Software Real-time Visibility Price Reduction Cost Reduction Strategies 202

GlobalTranz

DECEMBER 5, 2018

For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics.

Price Reduction 168

Price Reduction Resource Reduction Cost Reduction Strategies Inventory Reduction 168

Freightos

MARCH 19, 2024

More Resources Home Navigating the Waves: Exploring Digital Booking in Ocean Logistics at TPM 2024 Judah Levine The sessions at this year’s TPM, the preeminent North American ocean freight conference, was more focused on the role of technology in ocean logistics than ever.

Logistics Network Optimization Software 267

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Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Time to go with the stream. Six years later, that number had dropped to zero.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

Logistics Viewpoints

FEBRUARY 9, 2024

My youngest daughter just yells for them to throw the ball to Travis Kelce on every play so she can see Taylor Swift celebrate. We have all seen the math, and even with her concert in Tokyo on February 10, she still has time to get to Las Vegas for kickoff thanks to the magic of the international date line. and Canada. and Canada.

Logistics Network Optimization Software 214

Logistics Network Optimization Software Las Vegas Logistics Supply Chain Planning Software 214

Freightos

NOVEMBER 11, 2021

Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. Accelerating the shift.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

GlobalTranz

FEBRUARY 18, 2022

As a result, many shippers are revising their strategy from just-in-time inventory to just-in-case based on the hard lessons of the past two years. Monitoring your invoiced accessorials and surcharges will help identify freight optimization opportunities to reduce shipping costs significantly. LTL Industry Macro Trends.

Trends 227

Trends Resource Reduction Cost Reduction Strategies Inventory Reduction 227

Freightos

JULY 1, 2015

As the AOL CEO at the time, Steve Case, said : When we went public in 1992 we had less than 200,000 subscribers; a decade later the number was in the 25 million range” The internet has moved on from AOL, the loud connecting noises and slow loading pages. Same goes for books, groceries, taxis, banking, canoe and even B2B purchases.

Freight 120

Freight Eliminating Excel in Purchasing Price Reduction Supply Chain Software 120

Enterra Insights

APRIL 18, 2024

Some call the new era “localization” or “glocalization.” ” Some people, including me, prefer the term “regionalization.” ” I started writing about the movement towards regionalization back in 2008. But as the costs of transportation increase, the length of supply lines is beginning to decrease.

Global 130

Global Cost Reduction Strategies Expense Reduction Inventory Reduction 130

GlobalTranz

JULY 1, 2016

Today marks the official halfway point of 2016 and that means it's time for our "Top Posts for the first half of the year" annual event. We will feature our 5 main categories all week: Logistics , Manufacturing , Supply Chain , Transportation , and Freight. 5 Most Popular Freight Blog Posts of 2016.So We hope you enjoy!

Freight 127

Freight Cost Reduction Strategies Manufacturing Procurement Supply Chain Planning Software 127

The Logistics & Supply Chain Management Society

MARCH 14, 2023

With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely volatile. Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Turvo

NOVEMBER 16, 2021

During the holiday shopping season, sky-high ocean freight rates are major contributors that will strain the industry and shoppers alike. Other intermittent bottlenecks such as port shutdowns and freight policy changes will add to the shipping industry’s woes. The Rippling Effect of the Covid-19 Pandemic and Other Shipping Challenges.

Freight 85

Freight Supply Chain Planning Software Supply Chain Planning Shipping 85

Freightos

JANUARY 28, 2016

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. A (short-term at least) solution for large forwarders to sustain growth path by acquiring assets, reach or just size.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Freightos

JANUARY 28, 2016

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. A (short-term at least) solution for large forwarders to sustain growth path by acquiring assets, reach or just size.

Predictive Analytics Software 120

Predictive Analytics Software Freight Purchasing Skills Price Reduction 120

Talking Logistics

SEPTEMBER 20, 2017

Peak season for ocean freight shipping is underway. Which means that, as it does every year at this time, space is about to get very tight. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. Yellow: Space is getting tighter. Regular disruptors.

Scenario Planning 106

Scenario Planning Supply Chain Planning Freight BRIC 106

Freightos

DECEMBER 4, 2015

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. kg of carbon emissions.

Freight 120

Freight Cost Reduction Strategies Optimal Sourcing Nashville 120

Freightera

AUGUST 11, 2023

The third largest US trucking company Yellow (YRC Freight) and Surge Transportation freight brokerage are closing operations: Here’s what it means for shippers and transporters with the commentary from Freightera CEO, Eric Beckwitt Recent developments have sent ripples through the entire freight industry.

Freight 39

Freight Transportation Supply Chain Planning Software Agile and Lean Supply Chain 39

Logistics Viewpoints

NOVEMBER 14, 2022

But even in more normal times, a supply plan usually can’t be fully executed. The network supports a wide array of messaging types including real-time GPS, EDI, and API-based capacity requests, bookings, statuses, and customs messages. Real-time location and IoT data such as condition statuses (e.g., Stuff happens.

Agile and Lean Supply Chain 224

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Network Software 224

Freight Center

JANUARY 14, 2020

When it comes to LTL freight shipping, there are many factors that can change your estimated freight transit time. Nobody likes booking a shipment and the estimated LTL freight transit time they were given ultimately turns out to be off by a day or two. What an Online Estimated Transit Time Quote Means.

Freight 40

Freight Shipping Just-in-Time Supply Chain 40

Zipline Logistics

SEPTEMBER 7, 2021

If you have an order that needs to get to its destination in a hurry, expedited freight options could be your best choice for delivery. Though often a result of an unexpected need, there is still a way to control costs and ensure quality performance when arranging expedited freight services. What Is Expedited Freight?

Freight 52

Freight Negotiating Skills Manufacturing Procurement Inventory Reduction 52

Parade

JANUARY 24, 2022

Digital booking offers freight brokerages big advantages. Times, they are a-changin’. Digital booking is just one facet of digitalization for freight brokerages and asset carriers, but it’s an important part. Digital Loads Save Time. It saves time for their carrier partners, as well.

Freight 78

Freight Just-in-Time Price Reduction Capacity 78

BlueYonder

NOVEMBER 19, 2020

I have been in the supply chain solutions space for a long time. 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. Long gone are the days of analog lines and green screens.

Negotiating Skills 52

Negotiating Skills Freight Supply Chain Software Logistics Network Optimization Software 52

Supply Chain Game Changer

JULY 22, 2020

Do you have a Freight Management Strategy or are you Spinning your Wheels? Railyards and trucking companies place the AEI tags on their freight cars and tractors to help track shipping all over North America. Then, a logistician at a rail yard or trucking company can use the data in real-time. Real-Time Tracking.

Rail Software 73

Rail Software Expense Reduction Freight Cost Reduction Strategies 73

The Logistics of Logistics

AUGUST 2, 2023

Joe Chandler and Joe Lynch discuss how to build a successful freight brokerage. Committed to expediting the success of its clients, SPI prides itself on being more than just a transportation network or third-party logistics hub. He has held every executive role in transportation, including CEO, EVP, COO, CFO, CIO and CHRO.

North America 207

North America Supply Chain Network Software Logistics Network Optimization Software Freight 207

Turvo

JULY 14, 2020

Traditional freight brokers are afire with a need for technology. Everyone is looking for the next biggest and best freight brokerage solutions. Moreover, the digital freight brokerage market value is expected to attain new heights. Things go wrong all the time when freight is being transported over relatively long distances.”

Freight 52

Freight Waste Reduction Cost Reduction Strategies Resource Reduction 52

Parade

MARCH 7, 2022

Maintenance tends to be much easier, and updates are sent out to customers in real-time via the web as a part of the package rather than paying extra for updates and waiting for them to be implemented on-site. Tools to Streamline both FTL and LTL Brokerages Tai has a lot to offer freight brokerages that handle both FTL and LTL business.

Supply Chain Design Software 148

Supply Chain Design Software Modeling Software Optimization Software Logistics Network Optimization Software 148

Supply Chain Movement

FEBRUARY 25, 2021

Are logistics matching platforms a wolf in sheep’s clothing for freight forwarders? He writes that digital forwarders like Flexport, Shypple and Cogoport are winning market share from traditional forwarders with their online booking platforms. Uber Freight. Above all, they must keep a firm hand on the rudder at all times.

Shipping 78

Shipping Logistics Network Optimization Software Supply Chain Network Software Comparison 78

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Supply Chain Game Changer

NOVEMBER 7, 2022

Depending on the size of your store, this may require preparing just one person—you—or it may entail setting up a meeting with a hundred staff members. In either case, aim to get your team ready ahead of time, so nobody gets caught off guard. Most of the time, your customers will probably accept standard ground shipping.

Shipping 111

Shipping Procurement Solutions Just-in-Time Supply Chain Software 111