Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

Cargo congestion has gone from bad to worse at Chicago O’Hare International Airport, forcing importers to wait several days to retrieve shipments and prompting two large logistics companies to migrate airfreight operations an hour west to an uncrowded facility in Rockford, Illinois.

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What Is Procurement in Freight

The Supply Chain Journal

For management, one of the most critical aspects of shipping and inventory management is the concept of procurement in freight. This essentially is the process of securing adequate capacity space to haul the freight. Freight Full Truckload Supply Chain Uncategorized

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Q&A: Delta Air Lines VP talks cargo-led strategy

The Supply Chain Journal

Behind the scenes, Delta’s cargo division has played a critical role bolstering the bottom line and operations until better times. The Atlanta-based carrier was slower to capitalize on high pandemic-induced cargo demand and yields resulting from overall reductions in freight capacity.

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Delta Air Lines posts 35% gain in cargo revenue

The Supply Chain Journal

A big jump in cargo revenue helped Delta Air Lines (NYSE: DAL ) significantly narrow pretax losses in the second quarter, with officials telegraphing the company will be profitable on an operating basis in the second half of 2022 because passenger demand is returning faster than expected.

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

Long-haul narrowbody, supersonic jets could threaten air cargo

The Supply Chain Journal

The sleek vehicles from Boom Supersonic have a long way to go before becoming a reality, but if they ever become viable, they could siphon off cargo capacity on a handful of key trade lanes. . A 737 MAX-9 has almost 20,000 pounds of cargo capacity.

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In Search of Alternatives to Truckload’s Fragile Freight Contracts

MIT Supply Chain

The loads may never materialize, or the carrier may not have the capacity in the right place when it is scheduled to haul the cargo. But they do add costs and reduce the efficiency of freight networks. supply-chain contracts freight-shipping trucking thought-leadership

Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

Entering its eighth year, Multimodal has grown to become the UK and Ireland’s premier freight transport and logistics event. It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Multimodal 2015. Date: 28 – 30 April 2014. Venue: NEC Birmingham. Organiser: Clarion Events.

Chainalytics and Drewry partner to create Ocean Buying Group for small and medium sized shippers

CHAINalytics

Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers. Press Release Transportation Beneficial Cargo Owners Ocean Carrier Ocean Freight Procurement

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. 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?

Airfreight Forwarders and Carriers Prepare for Holiday Season

Logistics Trends and Insights

Robinson, air freight pricing has increased between China and the U.S. Panalpina, DHL Global Forwarding and Flexport are among forwarders that have added additional air freight capacity this year. Panalpina has procured extra flights for its charter operation while DHL Global Forwarding announced earlier this year that it would deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia. Air Cargo air freight airfreight

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Supply chain involves procurement, creating orders, packing, shipping and distribution of goods, etc., How will blockchain impact freight forwarding? Each time cargo is shipped, the transaction is documented, creating a permanent history of the shipment from order to delivery. With the new technology, blockchain, it is possible for purchasing agents or consumer to know from where products are procured and what it takes to transport it.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. The major impact will be to hazardous cargo (majority of classes), with a hold on Xiamen port from August 1st to September 7th, including imports to Xiamen, exports from Xiamen, and transfers via Xiamen. Robinson offices, procurement teams, and customers.

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Letter from the CEO: Coronavirus Market Update

Transplace

Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Cargo flows and ship calls are rebounding in China. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels.

FreightWaves Classics: The importance of logistics in the Korean War

The Supply Chain Journal

In some months, the volumes of personnel, cargo and fuel sent to Korea met or exceeded those of some months of the Pacific Theater of 1941-45. Whatever could be used from stocks in Japan or procured from Japanese manufacturers was obtained there. Cargo ships of the U.S.

Letter from the CEO: Market Update April 23, 2020

Transplace

Transpacific Eastbound ocean freight spot market remains relatively stable to both U.S. Port of Virginia’s cargo volumes are down ~ 9% YoY. Intra-European road freight is still flowing. Letter from the CEO: Market Update April 23, 2020. By: Frank McGuigan, CEO, Transplace.

Pricing Power in a Cargo Bazaar: Does Revenue Management Add Value?

BlueYonder

Logistics Service Providers (LSPs) were the center of the cargo transportation universe and the shippers were fully reliant on them for all their logistics needs. Air and ocean freight carriers were reliant on these LSPs to provide them with a view of the market; in most cases they had no transparency into the shipper’s needs and thus were completely cordoned off from the true source of demand. A true cargo pricing bazaar was the result. Those were the good old days.

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Extreme weather represents one of the most significant risks to ocean freight on the globe. Someone with malicious intent could bring down entire supply chain networks and force freight rates to skyrocket. Subscribe Here! Email Address.

Letter from the CEO: Market Update May 21, 2020

Transplace

We are continuing to see heavy freight solicitation from our carrier base. Most dry van carriers saw a decline in activity but were able to mitigate much of the cost implications by furloughing drivers, freight handlers (dockman), and back-office staff.

Wall Street watching as TuSimple focuses on autonomous trucking’s holy grail

The Supply Chain Journal

We’ll be hauling real commercial cargo. The selective route includes nearly all the scenarios in typical freight operations, terminals, surface streets and highways passing through city centers and urban areas.”. The runs will occur at night because that is when a lot of freight moves.

Finding Trucking Capacity by Rapidly Onboarding New Carriers

Turvo

Managers have to ensure enough containers exist at any moment to hold cargo and enough trucks become available to transport them. Outdated Systems and Platforms Can Affect Trucking Capacity Procurement. Articles Carriers Cloud Digital Freight Management trucking

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

So, it’s important you’re up to date on the latest regulations to avoid your freight being held up. Metered freight solutions. In this environment, we’re seeing companies turn to air freight to move their personal protective equipment quickly.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

The technology features chips that monitor temperature and humidity within a 500-meter range of an air-freight container. Smart Containers is preparing an initial coin offering (ICO) to support its use of blockchain for air-freight container monitoring. The data could be made available to shippers, airlines, freight forwarders and customs brokers, all sharing an accurate and immutable ledger of activity.

Trans-Atlantic rivalry brews over Airbus A321 converted freighter

The Supply Chain Journal

Aviation experts say the A321 is highly desirable for express delivery and regional air cargo operations. On Thursday, Dublin-based leasing company GTLK Europe ordered four aircraft reconfigured to carry cargo on the main deck, Elbe Flugzeugwerke, the company doing the work, announced.

Supply Chain Capacity in Ocean and Air Subject to Uncertainty Thru Recovery

Intelligent Audit

However, power is knowledge, and shippers who rely on data and transportation analytics to serve as a decision-making guide can make smarter transportation procurement decisions. It’s challenging to visualize the overall flow of ocean freight.

How a 3PL Empowers Shippers With LTL Transportation Stability

GlobalTranz

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.

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The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services. There’s been less progress though with ocean freight, since Amazon registered as a freight forwarder several years ago.

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Experts Choice Of Top Online Logistics Resources

Freightos

Air Cargo World. This American based niche news site specialises in air cargo. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. Ocean freight is split into 14! Cargo Business News.com. Freight Dawg.

The Vaccine Distribution Supply Chain!

Supply Chain Game Changer

Procurement of Vaccines. That means airlifting double-dose regimens to protect half the world’s population would require the space in about 8,000 cargo planes. Freight and Logistics Inventory Management Supply Chain Management Warehouse Management Freight Management

Insights for Procuring a TMS in a Large Company

TMC

Insights for Procuring a TMS in a Large Company. Having a centralized corporate procurement function already in place is valuable. But, to be most effective, the team must have transportation expertise and its buying practices should be aligned with the company’s culture as well as the demands of its freight network. Having a team that understands the unique demands of freight management enables them to make more informed TMS buying decisions.

Trans-Atlantic rivalry brews over Airbus A321 converted freighter

The Supply Chain Journal

Aviation experts say the A321 is highly desirable for express delivery and regional air cargo operations. On Thursday, Dublin-based leasing company GTLK Europe ordered four aircraft reconfigured to carry cargo on the main deck, Elbe Flugzeugwerke, the company doing the work, announced.

The Pros and Cons of Air Charter Service

CH Robinson Transportfolio

However, that may not be the case when shipping your cargo. When it comes to quickly getting what you want, when you want it, there is no service better than air charter for your cargo. Although not well known, it is possible to procure a partial air charter. This is a good option for situations when you do not have enough freight to fill a plane but still need capacity.

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Insights for Procuring a TMS in a Large Company

TMC

Having a centralized corporate procurement function already in place is valuable. But, to be most effective, the team must have transportation expertise and its buying practices should be aligned with the company’s culture as well as the demands of its freight network. Having a team that understands the unique demands of freight management enables them to make more informed TMS buying decisions.

Insights for Procuring a TMS in a Large Company

TMC

Having a centralized corporate procurement function already in place is valuable. But, to be most effective, the team must have transportation expertise and its buying practices should be aligned with the company’s culture as well as the demands of its freight network. Having a team that understands the unique demands of freight management enables them to make more informed TMS buying decisions.