Freightos

JUNE 15, 2021

Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. A third of all cargo is carried in passenger planes.

Global 395

Global Supply Chain Price Reduction Supply and Demand 395

Logistics Viewpoints

FEBRUARY 2, 2024

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. Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo revenues in 2023 to $1.5bn.

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

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. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Freightos

DECEMBER 2, 2021

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. What’s changed in a year?

Price Reduction 177

Price Reduction Cost Reduction Strategies Freight Supply Chain Disruption 177

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. A significant majority – 70% – reported a return to normalcy in logistics operations, with 40% experiencing conditions that were even better than those they experienced pre-pandemic.

Negotiating Skills 289

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 289

Operations and Supply Chain Management

OCTOBER 18, 2021

Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. Freight heavyweight J.B. The supply-chain problems are helping drive stronger inflation, the WSJ’s Gwynn Guilford and Anthony DeBarros report , as rising transport and other logistics costs flow through to the cost of consumer goods. By Paul Page.

Forecasting 52

Forecasting Cargo Forecasting Software Logistics Network Optimization Software 52

Freightos

OCTOBER 4, 2023

More Resources Home October 4, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 4, 2023 Unbox your Freight knowledge.

Asia 177

Asia Europe America Cargo 177

Freightos

FEBRUARY 28, 2022

Which brings us to international freight. It’s challenging to get fixed prices for global freight. Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. Hedging for freight price volatility.

Negotiating Skills 177

Negotiating Skills Shipping Price Reduction Supply Chain Planning 177

Logistics Viewpoints

FEBRUARY 9, 2024

That’s exactly what Amazon is doing as it with its “Ships in Product Packaging” (SIPP) program, which, as the name suggests, allows products to ship in their original box or bag without any added Amazon packaging. economy added a seasonally adjusted 353,000 jobs last month, according to the BLS report, the strongest month in a year.

Logistics Network Optimization Software 214

Logistics Network Optimization Software Las Vegas Logistics Supply Chain Planning Software 214

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.

Logistics 156

Logistics Cargo Comparison Freight 156

Logistics Viewpoints

MARCH 29, 2024

In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long The end result of the loss of propulsion was the ship crashing into the bridge. mile-long span. An estimated 11.5

Prescriptive Analytics Software 251

Prescriptive Analytics Software Logistics Network Optimization Software Supply Chain Software Logistics 251

Freightos

OCTOBER 25, 2023

More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 25, 2023 Unbox your Freight knowledge.

Asia 177

Asia Europe Price Reduction Freight 177

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.

Shipping 303

Shipping Negotiating Skills Asia Yemen 303

Logistics Viewpoints

NOVEMBER 2, 2021

When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.

Supply Chain Planning Software 185

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Modeling Software 185

Logistics Viewpoints

MAY 26, 2023

Last month, the company released its third annual “Brand Protection Report” and said it disposed of over 6 million counterfeit goods in 2022. Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC).

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

GlobalTranz

APRIL 17, 2018

These giants have deep pockets, capable of offering low-cost, if not free, parcel shipping. However, that does not mean all shippers must face the challenges to ship parcel at their expense. If shippers charge to ship parcel, customers will simply go to Amazon. Negotiate Shipping Rates Like a Pro.

Material Savings 151

Material Savings Shipping Cost Reduction Strategies Negotiating Skills 151

Logistics Viewpoints

MAY 25, 2021

The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. That’s starting to change. More and more large U.S.

Supply Chain Planning Software 321

Supply Chain Planning Software Sustainability Supply Chain Software Inventory Reduction 321

The Logistics of Logistics

NOVEMBER 17, 2023

Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.

Resource Reduction 235

Resource Reduction Supply Chain Strategy Price Mitigation Strategies Strategy 235

Intelligent Audit

JULY 14, 2022

Cargo vessels, planes, and semi-trucks portray freight transportation as they cross great distances to get loads to their final destination. However, without the correct paperwork, freight can’t leave the ground. It would follow that an increase in packages and parcels will increase freight damage. dollars in 2021.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Supply Chain Software Supply Chain Planning Software 52

Intelligent Audit

MAY 26, 2022

In an industry that has become so essential and dominant, it would make sense to assume all carriers and truckers follow a shipping freight costs standard for bill payment. However, there is no all-encompassing standard; freight costs can vary significantly based on several factors. What Affects Shipping Freight Costs ?

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Supply Chain Software 52

Intelligent Audit

MAY 25, 2022

Because the supply chain’s design only operates smoothly under ideal circumstances, FreightWaves reported that the post-COVID world , “will remain under constant threat of disruption for the next decade, especially amidst the “conflict between environmental, social and governance (ESG) goals and supply chains optimized for cost and speed.”

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Optimization Supply Chain Software 52

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 April report commentary took note that European and U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Logistics Viewpoints

FEBRUARY 18, 2022

This year, with the LA Rams being Super Bowl champs, Good360 said it will ship thousands of “unsellable” Bengals-branded hats, T-shirts, hoodies, sweatshirts, COVID-19 masks, and scarves to struggling people in Africa, Asia, Eastern Europe and the Middle East. New wave of contracts will lock in much higher shipping rates.

Logistics Network Optimization Software 201

Logistics Network Optimization Software Pricing Training Indiana Logistics 201

Freightos

APRIL 9, 2024

More Resources Home April 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices fell 7% to $1.87/kg. America and N.

Baltimore 247

Baltimore Asia Panama Europe 247

Supply Chain Game Changer

OCTOBER 29, 2020

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. Use of Freight Rate Benchmarking. GET our EBOOK HERE.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

CH Robinson Transportfolio

NOVEMBER 4, 2021

Less-than-container load (LCL) shipping has become part of the solution design to many supply chain challenges. LCL shipping provides shippers with cost and time savings as they face longer wait times at ports along with more last-minute-change needs, based on disruption and delays. Combating today’s tight air and ocean market.

Shipping 61

Shipping Inventory Reduction Cost Reduction Strategies Global 61

Supply Chain Matters

SEPTEMBER 6, 2022

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period.

Report 52

Report Global Scenario Planning Forecasting 52

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Inventory Reduction 62

Inventory Reduction Retail Cost Reduction Strategies Resource Reduction 62

Intelligent Audit

MAY 12, 2022

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .

Freight 52

Freight Rail Software Analytics Software Price Reduction 52

Freight Center

JANUARY 2, 2020

The freight industry is a key component to the success of modern commerce. Check out these fascinating freight facts that perhaps you never knew. Freight Fact #4: Trucks are King. of the nation’s freight by weight.” of the nation’s freight by weight.” Freight Fact #3: Sea to Shining Sea.

Freight 45

Freight Third Party Logistics Logistics Network Optimization Software Cargo 45

Intelligent Audit

OCTOBER 12, 2021

Many shippers and merchants alike have a basic understanding of shipping surcharges but they might not realize how many different types of surcharges there are and the purpose of each. Why Shipping Surcharges Exist in the First Place. Typically, carriers adjust the base shipping rates on a monthly, bimonthly, or annual basis.

Negotiating Skills 52

Negotiating Skills Shipping Supply Chain Planning Software Supply Chain Design Software 52

Freightos

APRIL 2, 2024

More Resources Home April 2, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 6% to $3.31/kg.

Baltimore 265

Baltimore Asia Europe New York 265

Logistics Bureau

JUNE 15, 2020

Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Let’s take a look then, at each sector in turn, starting with air freight. Air Freight Transportation Trends 2020. The Freight Rate Roller Coaster.

Freight 64

Freight Trends Transportation Modeling 64

Supply Chain Matters

JUNE 23, 2023

This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 34th Annual State of Logistics Report to organization members and the industry as a whole. Background As our readership is likely aware, this report provides a snapshot of the U.S.

Procurement Analytics 40

Procurement Analytics Report Negotiating Skills Purchasing Skills 40

Supply Chain Game Changer

MAY 20, 2020

Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com. UPS and FedEx both have released statements professing their need to continue shipping as an essential business, but it will be harder for smaller, more local carriers to keep up with their pace. compared to 2019’s same reporting period.

Freight 56

Freight Cargo Reverse Logistics Supply Chain Planning 56

Intelligent Audit

JANUARY 5, 2022

By learning about ways to minimize spending on pharmaceutical shipping, companies can better compete in the evolving market. . The State of Shipping Pharmaceuticals in the U.S. The demand for pharmaceuticals in tandem with all e-commerce demand means little available capacity and higher costs for pharmaceutical shipping.

Pharmaceutical 52

Pharmaceutical Material Savings Shipping Cost Reduction Strategies 52

Operations and Supply Chain Management

JANUARY 25, 2021

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. Compared with last March’s low prices, freight rates from China to the U.S. KEY POINTS.

Examples 59

Examples Shipping Singapore Asia 59