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It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. It handles everything from rating and booking to shipment management, invoice auditing, and beyond.
Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources. The Logistics Data Challenge The logistics sector is awash with data, from shipment volumes and freight rates to sustainability metrics and supplier performance.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. It handles everything from rating and booking to shipment management, invoice auditing, and beyond.
FreightWaves has announced that Leland Miller, CEO of China Beige Book International, will deliver a keynote address at the upcoming Future of Freight Festival (F3) this November. The event, a premier gathering for freight and logistics leaders, promises to equip attendees with forward-looking strategies amid ongoing U.S.-China
Home Container rates surging as shippers rush ahead of deadlines – June 10, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Start your week with the industry insights others miss. "
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
Movement solves for this by empowering AI agents to clean data, then communicate and act at the operational level, including booking shipments and performing complex reroutes, all while keeping stakeholders informed. This includes resolving issues autonomously, calling carriers, rerouting freight, and executing bookings.
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network.
Book a Demo T he Inspiration Behind Freightos Enterprise A little over a year ago, my team and I embarked on an extensive listening tour, sitting down with nearly one hundred enterprise shippers and BCO senior executives from the supply chain and logistics sectors. – Paolo Galli, VP Group Logistics Operations at Electrolux.
Chart of the Week: Import Ocean TEUs Volume Index – USA SONAR : IOTI.USA Booking volumes for container imports, as measured by the Inbound Ocean TEUs Volume Index (IOTI), appear to have peaked in early July—about a month ahead of the typical peak shipping season. Early signs of blank sailings have emerged in response to declining bookings.
Shippers don’t partner with LSPs just to move freight—they rely on them to orchestrate complex, responsive, and cost-efficient networks on their behalf. For clarity in this article, LSP is an umbrella term covering 3PLs, freight brokers, freight forwarders (FFWs), 4PLs—any party that both plans and executes freight on behalf of shippers.
Chart of the Week: Inbound Ocean TEU Volume Index – USA SONAR : IOTI.USA Import container bookings, as measured by the Import Ocean TEUs Index ( IOTI ), have rebounded sharply after plunging in response to the historic tariffs imposed on Chinese goods in April. China’s share of bookings fell to 30% on May 18, down from 41% on April 1.
Health-related absenteeism has resulted in reduced output, while transportation delays are echoing the freight challenges seen during the height of the COVID-19 pandemic. Companies relying on lean inventory models or single-region sourcing are particularly exposed. Chat with our experts and book your demo now.
By utilizing blockchain as the primary source of data, all participants within the chain can access a shared platform, ensuring complete visibility and traceability at every stage of the product’s journey. Making this information accessible to customers builds trust and loyalty, particularly for companies operating reliable cold chains.
Our latest e-book, Unlocking Fulfillment Potential, will introduce you to the recently launched Zebra Symmetry™ Fulfillment ecosystem, which was engineered specifically to boost your profits.
Reported May 20 Let me take a moment to comment on our global sourcing strategy. Today, more than 50% of our purchases are sourced in the United States. During that period, the vast majority of our supplier partners developed diversified sourcing strategies across several countries, including the United States.
Recent policies cover sustainable and ethical efforts, such as sustainable sourcing , diversity initiatives, and environmental impact. Unsustainable sourcing. If your company bids on public contracts, sources materials from overseas, or sells products across the country, your procurement process has to meet applicable requirements.
Triple Whale Triple Whale is a data integration platform to help you maintain a single source of truth for all your ecommerce data. It even offers integrations for accounting, tax, and financing to help you seamlessly manage your books in tandem with your fulfillment. million in freight cost savings for Our Place.
Triple Whale Triple Whale is a data integration platform to help you maintain a single source of truth for all your ecommerce data. It even offers integrations for accounting, tax, and financing to help you seamlessly manage your books in tandem with your fulfillment. million in freight cost savings for Our Place.
As always, our goal is to use our significant scale, combined with the uniqueness and flexibility of our assortment to secure the lowest landed cost on the products we source and provide our customers with compelling products at a great relative value. And we have re-upped that the pause at 30 and our booking product in. Winifred Y.
billion yuan listed on its books as of the end of June 2024, through delaying its payments to suppliers and other related financing. BYD took an average of 275 days to pay suppliers in 2023, Bloomberg compiled data show.
Both contribute to overall sourcing cost savings. Book a Demo Common Missteps in Achieving Procurement Cost Reduction Cost reduction promises big rewards, but a misstep can lead to greater costs later. Reduce freight and logistics costs. If they prevent an increase in material costs, that’s cost avoidance.
Low water levels hamper shipping in Germany's Rhine River as heat wave continues A heat wave in western Europe has lowered water levels on Germany's Rhine River, hampering shipping and raising freight costs for cargo owners due to additional surcharges as their vessels were unable to sail fully loaded, commodity traders said on Monday.
Eurasian Rail Freight: Demand for rail freight between Asia and Europe has surged, leading to congestion and longer booking times. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? Contingency planning for alternative ports is essential.
meaning order books are declining on average. Source: ISM However, of the 18 sectors tracked by ISM, 9 reported growth in June. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? percentage point compared to the reading of 69.4 recorded in May.
For manufacturing teams challenged to meet aggressive cost targets while preserving reliability, sourcing partners that combine quality with sharp, transparent pricing are critical. In-house value adds: A shop that prints, die-cuts, embosses and applies selective adhesives under one roof eliminates outside markups, freight and added QA steps.
Raj Subbiah and Joe Lynch discuss understanding Uber Freight. Raj is Head of Product for Uber Freight , a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers. About Uber Freight. About Raj Subbiah.
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. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?).
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. Get Your Custom Report Now!
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns. The key takeaway?
You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. to $0.40, or about half a percent of the sticker price.
Understanding Uber Freight with Raj Subbiah. Raj Subbiah and Joe Lynch discuss understanding Uber Freight. Raj is Head of Product for Uber Freight , a logistics platform built on the power of Uber with the goal to reshape global logistics and deliver reliability, flexibility and transparency for shippers and carriers.
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.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. It handles everything from rating and booking to shipment management, invoice auditing, and beyond.
Hazardous freight is the most likely to get “rolled” at the dock. Sitting waiting for a confirmed booking.) On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019. Build Strong Supply Chain Sourcing Development Practices. Time For Action.
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. Finding freight’s contribution to GHG took a lot of digging. . Click the button on the right to see our sources. kg of carbon emissions. This is a big deal.
Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015.
Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure.
Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. China’s slowing economy is generally bad news for the freight industry.
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. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.
In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Marco Tieman – CEO, LBB International.
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