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
That was one of the primary conclusions of the annual logistics report released last week by the Council of Supply Chain Management Professionals (CSCMP) at a media briefing in New York. This year’s report was entitled “Navigating Through the Fog.” The CSCMP report puts an estimate on what it calls total U.S. billion last year.
On August 13, the DOT announced that Ports in Oakland, Seattle and Tacoma have all been added to its Freight Logistics Optimization Works (FLOW) network, joining the Port of Los Angeles and the Port of Long Beach to round out the five largest West Coast shipping hubs. according to the Walmart Marketplace website. from May’s 2.24
Issuances of common shares, net of issuance costs 3.6 The purchase price for the acquisition was approximately $112.7 Cost Reduction Initiatives Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base.
North American Transborder Freight up 23.8% Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. The more cautious outlook is driven by wage and inflationary pressures, as well as increased freightcosts. billion of freight, up 15.7% billion of freight, up 20.9%
The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. The dairy industry says USTR should be ready to continue with additional actions to hold Canada accountable to its USMCA obligations if the consultations fail. s CargoNet.
and Canada. and Canada. The reasons are many: sustainability, cost savings, delivery efficiency and a better customer experience (for both of Amazon’s customers — the end consumer and its third-party sellers). economy added a seasonally adjusted 353,000 jobs last month, according to the BLS report, the strongest month in a year.
When it comes to executing mode-specific freight moves from origin to destination efficiently, reliably, and cost-effectively, transportation execution and visibility solutions play a critical role. But, if a company wants to work with a new supplier, and that supplier is in the network, metrics on that carrier also exist.
Bank of America sounding the alarm on collapsing freight demand. Walmart+ costs $98 per year, or $12.95 It includes free shipping of online purchases, free grocery deliveries to the home for orders of at least $35, prescription discounts and other benefits. California readies regulations for zero-emission truck fleets.
Merchants Fleet to purchase 18,000 BrightDrop Electric Vehicles. Port of LA reports another 900,000+ TEU Month, backlog decline. BrightDrop, a new General Motors business focused on electric delivery vehicles, announced that Merchants Fleet plans to expand its purchase to 18,000 BrightDrop electric vehicles.
It is celebrated during March in the United States, the United Kingdom, and Australia, corresponding with International Women’s Day on March 8, and during October in Canada, corresponding with the celebration of Persons Day on October 18. million square feet of active or planned ground-level space in 30 states.
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
The report notes that in one Chinese province, Hebei, there are more than 30,000 electric trucks operating, while total sales for the second largest market in 2024, Europe, were a little over 10,000 for the second year in a row. stalls The U.S. in contrast experienced similar sales to 2023 in 2024, reaching over 1,700.
Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S. trillion in 2015). That is the “hundreds of billions of dollars” question.
Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. Liquor stores in Canada pull Russian products from shelves. E2open acquires Logistyx Technologies.
This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Where is Descartes today? Keegan McCready, Sr.
In an uncertain environment, affordability and predictability are at a premium, and a supply-chain organization can deliver these through effective management and oversight of its suppliers. That might mean diverting from Los Angeles/Long Beach to Canada or Mexico.
MercuryGate Launches Global, Omni-modal FreightProcurement Solution. Many shippers have effectively elected to toss to the wayside any talk of partnerships, relationships, cooperation, collaboration, etc. ,” the report read [emphasis mine]. Best Buy rolls out same-day delivery in 13 markets (Star Tribune).
Faster service, great capacity usage and direct connectivity with freight companies means better access to service providers. Freight Marketplaces : Cargomatic is a prime example of the rebirth of freight marketplaces. Robots : Robotics have the power to change the entire freight industry. ZDnet , @talk19 ].
Online freight marketplace Freightos acquires Spain’s WebCargoNet (TechCrunch). ports and beyond, said shippers, importers and freight forwarders. China, Canada, Spain and elsewhere. Robinson intends to purchase APC Logistics for approximately $300 million AUD (approximately $225 million USD) in cash. UPS Announces U.S.
Users can choose a fixed implementation plan or a more consultative approach, and scale up as needed with everything from reporting and analytics, shop floor data capture, HR, payroll and hosting available. Purchasing and supplier management, International Commerce Codes functionality, and advanced shipping. Orchestrate.
From 2019 to 2022 in Canada the average price for 500 grams of bacon has risen from $7.06 Examples Morningconsult.com reports that the impacts of Shrinkflation are being seen across a wide variety of grocery categories. High freightcosts that were incurred during the pandemic will come down. That is shrinkflation.
Think about your most recent purchase. This sequence of events involves many moving parts, including purchasing, packaging, shipping, and transporting materials to distributors to sell to the end customer. Freight forwarding. Brands can connect products, sales channels, warehouses, workflows, reports, and more.
Since its launch in the United States, the Amazon Flex system has spread into many parts of the world, including Canada, the United Kingdom, Europe, Asia, Australia, and South America. There are many other instances of the shared economy within the supply chain domain, including the following: 1) Uber Freight. million in FY18, and $5.4
Reported April 22 Our trends in April have held consistent with March, and while market conditions remain soft, we've seen no appreciable downturn over the past two weeks, despite the tariff environment. Automotive Parts Genuine Parts , Q1 ending March 31. So we think the diversification of the business is an advantage.
Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively.
Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Kuehne + Nagel Inc.
Last week, the industry publication Aviation Week published its report, Pratt GTF Repair Plan Jolts Beleaguered Airline Industry. Specifically noted in the report: “ The effect on the airline industry will be profound.” Reportedly the news of a far broader inspection program caught most airline providers by surprise.
Maersk , a global leader in transportation, supply chain and logistics management, and general freight, announced February 9, 2022, “The intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based The company had seen a massive acceleration in demand across all service levels, including air and ocean freight.
Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. He can lead your company through the complex procuretech industry because of his specialization on procurement technology.
According to reporting from The Wall Street Journal , the company has been leveraging strong demand for refrigerated warehousing since the Covid-19 pandemic began. Billion Michigan based Lineage Logistics LLC , which describes itself as “ the world’s largest global temperature-controlled warehouse REIT ,” reportedly raised $4.4
Jump to the report findings Stock that firms need vs stock that firms hold Using industry-standard calculations that determine ideal stock levels using rate of sale and lead time data, Unleashed found that over the last 12 months the average firm held USD$142,000 of stock over and above what they’d actually needed in that year.
Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Carriers Will Lower Rates But Keep Many Others.
In general the customer – or the importer – is liable to pay certain costs including any taxes or duties payable in their jurisdiction, along with freight, insurance and other handling costs. Under this threshold, items purchased overseas can come into the country without incurring any duty or customs charges.
Each report on the issue from the country’s Office of National Statistics (ONS) offers few signs of hope — to the point that no individual solution seems sufficient to tackle such an overwhelming problem. But to transform MFP, manufacturers only need to focus on two: purchasing and production costs.
According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line. billion. .
EazyStock in a cloud-based inventory optimization tool that systematically reduces excess and obsolete stock levels (bad inventory) from your warehouse locations to reduce costs while increasing the availability of your faster turning more profitable items (healthy inventory). Aligning your business has never been easier.
The Manager was just reporting the news to me with no action plan. The cost of your operations, materials, and freight and logistics can be a substantial portion of your total operating expense. Supply Chain is no longer just the organization that places purchase orders and gets material in to your factories.
According to the SAP announcement , at a purchase price of $18.15 in cash per share, the transaction corresponds to a Qualtrics equity value of approximately $12.5 billion on a fully diluted basis, representing a 73 percent premium over the 30-day average trading price prior to SAP ’s announcement to explore a sale.
XPO will also capitalize on synergies from the combination with Con-way’s managed transportation, truckload and freight brokerage businesses. All of the acquired operations – Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal – will be rebranded as XPO Logistics.
The Rebirth of Transportation Marketplaces (UberCARGO, Cargomatic, and Freight Friend). As the Wall Street Journal reported recently, “retailers have come under fire for low pay and a practice known as on-call scheduling that changes workers’ hours with little notice [emphasis mine]. TMS for SMB: Breaking Down the Barriers.
Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.
It integrates seamlessly with other tools in the Adobe Experience Cloud to let you manage the ecommerce experience end-to-end, including website development, digital marketing, the shopping and checkout experience, sales analytics, and orders from a single platform. Adobe purchased Magneto and added it to the Adobe Cloud.
Things that make you go “hmm”… In more relevant news… Descartes Reports Fiscal 2014 Fourth Quarter and Annual Financial Results. Ryder Canada Launches New on-Demand Maintenance & Repair Solution: Opens Service Network to All Private Fleets. Con-way Freight Introduces Drive Safe Systems™. Delivery Fleet.
” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. These are the step towards accountable behavior when solving a problem Have balanced, relevant and valid metrics. Plus, metrics protect you.
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