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Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
Erika Voss and Joe Lynch discuss taking the uncertainty and risk out of freight. Erika is Vice President of Information Security at DAT Freight & Analytics, the largest truckload freight marketplace in North America. Erika holds a Ph.D.
However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Transportation metrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supply chain professionals. reading for transportation capacity during May, which was roughly in line with April. continued to step meaningfully higher. in the second half.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. Source capacity with precision using supply and demand metrics and forecasts.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
The past two years of volatility have many logistics leaders evolving from an annual Request for Proposal or freight (RFP) event to quarterly or more frequently to accommodate the changing supply chain landscape. 10 Freight RFP Components for Success. Capacity strategy. Company background. Use data to drive the RFP.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price.
Some companies are using machine learning to refine their supplier selection processes, considering not only cost and quality but also resilience factors like geographic diversity, financial health, and capacity flexibility. Metrics must reflect the new priorities. These adjustments are not theoretical.
With the contraction of air capacity and the unprecedented level of imports to the United States from Asia, logistics constraints grew in importance in the pandemic. Air expediting took on a new meaning in January, with air capacity down 18% and escalating prices. Watermelon Metrics Don’t Drive The Right Results.
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. We hope you enjoy this very first episode of The Freight project podcast! We hope you enjoy!
Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, market forces such as higher fuel costs and decreased capacity work to undermine these goals.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Leverage TMS technology platforms to source OTR transportation capacity in tight markets, keep information in context, and stay informed with real time visibility.? a shipment?doesn’t
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. Both shippers and carriers have historically used capacity swings in their favor to gouge the other.
Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.
Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. We hope you enjoy “The Freight Project Podcast.” We hope you enjoy! Download eBook.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . Big data drives everything,” Michael says.
While there has been marginal improvement over the past several years, it hasn’t been enough to push rates high enough to support the current level of capacity. Many structural issues persist, raising the risk of capacity falling to critically low levels. The pandemic surge came after a deep freight recession in 2019.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. And now on to this week’s logistics news.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. Dynamic Price Discovery.
From its peak, 97% flight capacity was reduced from Singapore Airlines. DB Schenker Singapore has also cemented the position as a key pillar in Singapore’s logistics ecosystem, being the number one air exporter (for freight forwarding) and attaining market leadership in ocean freight as well. Singapore’s Status a Global Hub.
The capacity crunch continues, and the ELD mandate has lowered the number of trucks available. Lackluster insight into freight spend and poor freight management controls. According to Conveyco , KPIs should be established through data analysis to measure these key areas: Warehouse capacity. Order picking accuracy.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. It includes brokerages and freight forwarders, but there comes a point at which simply outsourcing to a single 3PL or even several 3PLs grows too complex to handle.
Having available capacity means more than having enough trucks, rail or steamship carrier assets to manage your business. With capacity in a constant state of flux, it’s critical that shippers and 3PLs maximize efficiencies and assist carriers in maximizing the utilization of available assets. Build a Reliable Carrier Network.
There can be surprises that potentially offer a better upside: demand is higher than expected, it is possible to raise prices without affecting demand based on what is happening with competitor products, technology has allowed manufacturing capacity to ramp up faster than expected, etc. billion transactions annually.
We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Our first post covered the Top 5 Freight Management blogs of 2016. It was also evident that many folks wanted more information around KPIs and Metrics, as our top 5 included two posts from this sub-category.
Transportation capacity problems have been a volatile issue over the past twenty years or so. Contributors to Capacity and Trucker Shortage. The 2014 winter weather triggered a trucking capacity problem. In the past, according to Perry, trucking capacity has been somewhat consistently maintained at about 90%.
Some of Schneider’s customers are expecting “a tsunami” of freight while others are calling for steady shipment flows. Hunt saw 13% volume growth in the East, which has a shorter length of haul and negatively impacted the yield metric, during the period. He said demand is decent and that truck capacity is still exiting.
The traditional metrics of excellence cost efficiency, on-time delivery while still important, are no longer sufficient in an era defined by volatility, complexity and political changes. Supply chain and logistics teams today face a pivotal moment in their evolution. Third, decision-making is evolving from human-led to AI-augmented.
In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies. Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions.
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.
They need to respond to many changing factors, including: variation in demand, supplier capabilities, freight rates, commodity pricing, Disruptions, And the list goes on… Supply chain leaders need a more efficient way of managing these smaller, faster changes.
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. We hope you enjoy this very first episode of The Freight project podcast! We hope you enjoy!
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
They need to respond to many changing factors, including: variation in demand, supplier capabilities, freight rates, commodity pricing, disruptions, And the list goes on… Supply chain leaders need a more efficient way of managing these smaller, faster changes.
Parade’s approach to capacity management is different from the rest in several ways. Parade is considered the top capacity management solution by most of the supply chain industry. The following unique features are just some of the reasons that Parade is at the top of the class in cap management solutions for the freight industry.
Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.
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.
In fact, the outperforming logistics vendors today (based on profitability and revenue growth metrics) are the ones that were extra cautious on capital expenditure in the years following the recession. This meant a huge movement of goods from East Asia to Western Europe and America, creating an asymmetry in demand as well as freight rates.
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