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. But Does Fixed Ocean Price Procurement Need Fixing? We never looked back.

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Freightos

FEBRUARY 28, 2024

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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GlobalTranz

NOVEMBER 30, 2021

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

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Supply Chain Game Changer

SEPTEMBER 21, 2022

10 Tips To Be A Successful Freight Broker! The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. What Does A Freight Agent Do?

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The Logistics of Logistics

DECEMBER 5, 2022

Brad Wheeler and Joe Lynch discuss the freight-tech dilemma. Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.

Supply Chain Network Software 210

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GlobalTranz

SEPTEMBER 23, 2021

Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . High freight volumes across all industries in the trucking market are expected to continue into 2022.?

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Turvo

JULY 15, 2021

In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions.

Capacity 97

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Freightos

SEPTEMBER 14, 2022

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages.

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The Logistics of Logistics

AUGUST 28, 2023

Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. Tusk save Shippers 40% or more on small parcel shipping.

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Talking Logistics

OCTOBER 28, 2014

Shipper demand and carrier availability have come back into balance after several years of excess capacity. Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. Understand the full range of shipping alternatives your carriers can offer.

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GlobalTranz

JUNE 23, 2021

“the past 13 months of sustained rising freight demand and widespread shortage of labor up-and-down supply chains has brought the LTL trucking sector, and the shippers that depend on it to move palletized shipments, to a turning point.”. freight and delivery needs. How Can a 3PL Help Shippers Manage LTL Transportation Proactively.

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Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

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BlueYonder

JANUARY 25, 2022

Whether it’s rolling COVID-19 lockdowns in port-heavy provinces or the dozens of ships waiting to offload at the ports in California, there’s not nearly enough capacity to fulfill demand. Shipping freight and the costs that come with it are often seen as fixed. Even as the current driver shortage in the U.S.

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E2open

NOVEMBER 15, 2022

(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces that it has expanded its partnership with Surge Transportation, a digital freight brokerage providing real-time pricing and routing guide optimization for companies that ship goods over the road.

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Logistics Bureau

NOVEMBER 1, 2021

Does your supply chain depend on container freight shipping? At Logistics Bureau, we have supply chain consultants available to help you improve volume forecasting and attain the most favourable container freight rates possible, even during this period of pandemic-induced turmoil. Sky-high shipping fees.

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The Logistics of Logistics

JUNE 23, 2022

When asked what peak season is, it’s easy to assume the holidays are the only peak shipping season. However, four shipping seasons occur throughout the year and are often regular and expected. That was the case until the ongoing disruptions of the past few years changed the shipping game. Q2: The Produce Shipping Season.

Supply Chain Planning Software 238

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Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Air expediting took on a new meaning in January, with air capacity down 18% and escalating prices. Procurement: Purchase price variance and procurement cost.

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Intelligent Audit

AUGUST 10, 2021

Despite the challenges of the past year or two, things are slowly beginning to return to normal as peak season surges approach transportation service providers and freight auditing managers. Why a Lack of Shipping Capacity Is Happening. It may take time, but a resurgence in the economy is expected.

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Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

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Freightos

JANUARY 3, 2024

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.

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Talking Logistics

APRIL 6, 2017

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. you also must to be able to find untapped market capacity and leverage it to your distinct advantage.

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The Logistics & Supply Chain Management Society

JULY 16, 2023

Risk Management in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal.

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Jaggaer

DECEMBER 4, 2018

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. The Challenges of Freight. Data is King.

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CH Robinson Transportfolio

NOVEMBER 19, 2020

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. However, flatbed freight can be an often-overlooked element to the success of key industries , including: Energy – Oil, gas, and power generation (e.g.,

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Supply Chain Matters

SEPTEMBER 23, 2022

The carrier has now announced plans to hike shipping rates 6.9 percent for its LTL Freight unit, beginning in January 2023. percent rate increase initiated for this year, along with ongoing fuel and other surcharges added for respective parcel or freight movements. percent to 7.9 This announcement is cumulative to the average 5.9

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20Cube Logistics

FEBRUARY 17, 2022

The rapid rate of technological change and faster access to a greater amount of data are resulting in a transformation of the freight forwarding process. According to several recent studies on the subject, there will be a significant reduction in the processing times involved in activities like shipping and customs. Working with Data.

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Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. The firm’s Maersk Line container shipping business unit reported net profit of $2.3

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DAT Solutions

JANUARY 31, 2019

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. Here's what they had to say. Register now and save $300.

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Supply Chain Matters

NOVEMBER 7, 2023

Supply Chain Matters provides highlights of the realities of higher number of vessels among global ocean container shipping lines meeting contracting shipping demand levels that are now leading to headcount and schedule reductions. Background Ocean container shipping and logistics are the lifeblood of global supply chain movements.

Cost Reduction Strategies 59

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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. For a forwarder, refraining from working with Maersk today is expensive because it removes 17% of global shipping capacity. Accelerating the shift. Image via StarAir.dk).

Price Reduction 177

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Talking Logistics

JUNE 7, 2018

Whatever the cause, the end result is the same: trucking capacity is tight, really tight. Shippers are paying higher rates, and even with offering higher rates many shippers are seeing rejected loads from the same carriers they relied on for capacity in the past. What does all of this mean? billion in income annually due to delays.

Optimal Sourcing 101

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DAT Solutions

JANUARY 31, 2019

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. Here's what they had to say. Register now and save $300.

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Logistics Viewpoints

JULY 13, 2022

Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few. These include: The Procurement bidding process and business awards.

Supply Chain Software 213

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BlueYonder

MAY 14, 2021

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).

Cost Reduction Strategies 52

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CH Robinson Transportfolio

JUNE 29, 2020

So, it’s important you’re up to date on the latest regulations to avoid your freight being held up. For a closer look at how China’s regulations impact PPE shipping, check out our recent PPE exporting video featuring our director of product development, Vincent Wong. Metered freight solutions. Exporting PPE from China.

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Logistics Viewpoints

DECEMBER 5, 2022

There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. Yes, SAP had inbound ASN’s (advanced ship notices). But they were very basic.

Agile and Lean Supply Chain 196

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Supply Chain Matters

OCTOBER 1, 2022

Supply Chain Matters highlights an added admission, this time from a shipping industry senior executive, indicating that the period of windfall profits among global shipping players is coming to an end. . We neglected to mention another observation that came from the CFO of influential global container shipping conglomerate Maersk.

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