LTL Capacity Best Practices in Times of Tight Freight Capacity

Cerasis

The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable.

[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

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. In this “The Freight Project Podcast” episode you’ll hear : How in the retail space it is vital that marketing, sales, and the supply chain & logistics teams collaborate to achieve shared goals of consistent logistics.

The Freight Costs of Trump’s China Tariffs

Freightos

The past year has also seen transpacific freight prices, air and ocean, hit hard, with some interesting, expensive dynamics emerging. Source: China Briefing. Source: US Census Bureau. Until now, one of the biggest unmentioned impacts on importers has been freight costs.

China 320

How Tech can Tackle Capacity

Parade

How many times do we let real business opportunities slide because we lack the capacity? While we can find new capacity in a flash, trust is a different story. If we manage to find a carrier who can handle our freight, the question of reliability pops up again.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

How Technology Empowers Freight Brokers to Work Smarter, Not Harder, to Drive Profitability

Talking Logistics

Working smarter, not harder, is critical for everybody in transportation today, but it’s especially important for freight brokers in light of the increased competition in the marketplace and the ever-more demanding expectations of shippers. What does “working smarter, not harder” mean for freight brokers? Current challenges for freight brokers. The current growth economy, where demand consistently outpaces supply, places a premium on freight brokerage services.

Regional Carriers Are Great Source for Owner Operator Trucking Jobs

Consumer Goods Logistics

Some may choose to hunt profitable freight on load boards, while others align with carriers to provide dedicated capacity. In recent months, Kane Freight Lines has had an increasing number of inquiries from drivers seeking owner-operator trucking jobs.

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

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. As a result, carriers will have less capacity and availability to handle unexpected surges in demand.

8 Freight Shipping Trends Shippers Must Know for 2017

Cerasis

The freight industry of today is evolving rapidly. It is no longer bound by the traditional constraints of the economy, and Amazon is gearing up to begin expanding to be the best of the global freight shipping providers. As a result, your company needs to think about these freight shipping trends and how you can prepare to respond to them as soon as possible. 8 Freight Shipping Trends Shippers Must Know for 2017. Hours of Service Will Become Core to Freight Operations.

Freight Rates News October 2015

Freightos

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 index jitters.

Ocean Freight Procurement and Going with the Stream

Freightos

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. Source: SGX, Freightos Baltic Index.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

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 . With rising fuel costs, tight capacity, and driver shortages, rates are escalating faster than many companies expected or budgeted for.

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update W50

Freightos

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update Wk 50. According to Zvi Schreiber, CEO of Freightos, “The air freight spot market is playing an increasingly prominent role in holiday supply chains. CAPACITY.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

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. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. Here are seven strategies to elevate freight management in an organization to build a more competitive supply chain advantage.

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity?

Five Ways to Be a Shipper of Choice: Lessening Capacity Crunch Impact with a TMS

Talking Logistics

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. As trucking companies work to add equipment and to attract drivers, they are carefully choosing which shippers are first in line for the limited capacity they do have available.

Freight Rates News December 2015

Freightos

Freight Rates News. Freight and logistics trends that rate in the news. Check out our roundup of nearly 100 digital logistics/supply chain sources. OUR TAKE There is a lot more flexibility with parcel delivery, but some aspects of this change also applies to freight.

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Talking Logistics

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry.

Shippers of Consumer Products Impacted Most by Capacity Crunch

Cerasis

Most all shippers have felt the recent tightening in capacity. The Great Capacity Crunch: The Current State, Future Outlook, & How Shippers Can Thrive in Any Capacity Crunch. As you can imagine, with a tight transportation market, it’s become even more difficult for vendors to source reliable trucks. Direct Consumer Impacts USA Today reports that a severe shortage of truckers is pushing up freight costs and, in turn, nudging up retail prices.

The Wisdom of the Crowd (Sourcing) Doesn’t Apply to Commercial Shipping

Supply Chain Collaborator

More than a year ago, the Supply Chain Collaborator blog examined the trend toward crowd sourcing and wondered aloud whether an “Uber for commercial shipping” was imminent. With capacity at a premium, carriers today are very strategic in what business they’ll accept.

Advanced Strategies for Successful Ocean Freight Procurement

CHAINalytics

When it comes to ocean freight transport, shippers have benefited from almost a decade long “down-cycle” as far as rates are concerned. Over that period of time, shippers were able to secure capacity from a variety of competing carriers at a lower cost.

Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. But I’ve seen instances where Freight is one of the top 5 largest expenses within a company. Aside from the cost impact the service implications of a poor Freight management system are enormous.

Freight and Logistics – Breaking the Traffic Jam that is your Supply Chain!

Supply Chain Game Changer

And those highways only have so much capacity. This Rush Hour period will stretch your capacity to the limit. You will be out of capacity and everything will grind to a halt. It may be possible to add lanes, that is capacity, but this takes planning, time and resources.

SAP and Uber Freight announce link-up

EFT

SAP SE (NYSE: SAP ) and Uber Freight today announced that Uber Freight will be integrated into SAP® Logistics Business Network. This will let customers access transportation rates from Uber's digitally activated carrier network, gain real-time quotes and book freight capacity. This is an industry-first integration for Uber Freight.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation. First, for shipping companies and third-party logistics (3PL) providers, automation provides an opportunity to develop a strategy for each carrier type, mode, capacity and service. The Challenges of Freight.

The Micro-Carrier Challenge: Building a Reliable and Sustainable Trucking Capacity Network

Talking Logistics

One of the big takeaways from 2018 was that finding trucking capacity during periods of high demand is very challenging, especially in a highly-fragmented market with hundreds of thousands of single-truck owner-operators and micro-carriers with 9 trucks or less. How do you efficiently tap into this large source of capacity? And what’s the role of technology in enabling a better way to build a sustainable and reliable capacity network?

An Overview of the Freight Brokering Business in 2015

Cerasis

Editor's Note: This is a blog post about the state of the freight brokering business in 2015. Cerasis is a freight broker and holds a $250,000 TIA Broker Bond. If you are a shipper, this post will bring light to you on how the freight brokering business works. Source: DAT.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management.

3 Critical Requirements in a Digital Freight Matching Solution

Descartes

Next-generation digital freight matching solutions address issues currently challenging LSPs and carriers by empowering them to fix the broken process of finding capacity.

Finding Truckload Capacity: Insights on Managing the Spot Procurement Process

Talking Logistics

Data from various sources indicate that truckload capacity is starting to tighten. For example, here’s some data from Wolfe Research published earlier this year: When capacity gets tight, shippers tend to leverage the spot market more. If you’re going out to the spot market, you’re really under the gun to get your freight covered, so having that gray area — the ability to waiver some of your stringent due diligence [requirements] — really comes into play. .

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management.

Technology Fuels Freight Logistics: Jeff Tucker in Wall Street Journal

DAT Solutions

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Jeff also highlighted the contribution of freight brokers to the efficient movement of cargo.

Finding Truck Capacity Is More Than Location Data: The Carrier Intelligence Game

Parade

Starting with Location Data Creating a carrier system of records and intelligence system will be the first step towards freight brokerage digitization. What is carrier intelligence and why is it so critical for a freight brokerage to implement?

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Supply Chain Collaborator

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. On the other end of the line, the exasperated head of transportation responds, “Listen, my team now spends eighty percent of each day scouring the spot market just to get all of our freight covered!

Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

Most of the major van markets actually had fewer outbound loads available, though, and most regular freight heading to Houston was canceled. Dallas rates also soared, as some freight was diverted to that busy freight hub.