article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

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.

article thumbnail

Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Milestone: Freightos Celebrates One Million Transactions!

Freightos

Aimee Loshinsky January 25, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo In Freightos Q4 2023 KPI press release , we announced that the company surpassed one million bookings across the platform in 2023. Q: What does it mean for the freight industry as a whole?

article thumbnail

Freightos has publicly listed today as Nasdaq:CRGO

Freightos

While the milestone of going public recognizes what we have achieved in the last 11 years, we certainly know that we still have a long way to go, together with our industry partners, to digitalize international freight. People complain that freight is a traditional industry. But this is far from being the destination.

Cargo 284
article thumbnail

November 21, 2023 Update

Freightos

Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. In air cargo, Freightos Air Index data show China – N.

article thumbnail

Flexibility in the Face of Uncertainty

Freightos

However, interestingly enough, in today’s global freight environment, shipping from China to Los Angeles by ocean freight and following that up with air cargo shipments to Europe may actually be a more viable route. In other words, ocean cargo costs would cost about $0.21/kilogram kilogram to Europe. Total blended cost?

article thumbnail

Breakbulk Americas with Jeff Tucker

The Logistics of Logistics

As third-generation CEO of Tucker Company Worldwide, Jeff oversees sales, marketing, and the company’s industry presence. He is on the board of directors for the National Industrial Transportation League and chairs its Highway Transportation Committee. About Jeff Tucker. About Breakbulk Americas.

America 182