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With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance. Common inefficiencies include empty return trips, poorly optimized delivery routes, and underutilized cargo space.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings. Dwell times grow as more and more ships sit in the ocean waiting to unload. Watermelon Metrics Don’t Drive The Right Results.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 percent, or $24.5
In the early morning hours of April 26, at approximately 1:35am, a cargoship 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
The company said that it used 85,916 metric tons of single-use plastic that year, an 11.6 The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S.
Just in time for the holidays, the Ship It Zero campaign is bringing visibility to the impacts of dirty ocean shipping caused by mega retailers all year round but especially as they ship their goods during the holiday season.
In addition, we have taken several steps in the past few years to affect industry change, such as being an active member of the Clean Cargo Group and joining the Sustainable Air Freight Alliance (SAFA). Photo Credit: United Airlines. million gallons of SAF this year. Acting for Responsible Trade.
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The unprecedented cargo logjams off the southern California coast wreaking havoc on supply chains show no signs of waning. Just two days before Thanksgiving, FreightWaves reported an “all-time-high 93 ships” were waiting there. Requirements to manage carrier invoices and other transactions grow in stride. They face higher costs.
Introduce your company and your unique shipping needs. Even if you’re working with familiar partners, provide detailed lane data, including origin and destination zip code info, freight volume and frequency, commodity types, cargo values, special equipment and delivery requirements, terms and conditions and facility profiles.
Unlike transporting goods across state lines, cross-border shipping demands specialized expertise, robust infrastructure and comprehensive security measures. Infrastructure for efficient freight movement The physical infrastructure supporting cross-border shipping forms the backbone of efficient operations.
He sees a near future in which there are multiple agents, each with their own realm of responsibility, such as shipping, pricing and forecasting. Koganti said this is the fastest-growing use of AI in supply chain, especially when it comes to forecasting, procurement and fulfillment.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Containerization eventually reduced shipping and loading costs by at least 75%.
Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton.
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transportation networks alone, according to the Bureau of Transportation Statistics, shippers are reevaluating their shipping strategies in dealing with large-scale shipping to take better advantage of a thriving global logistics marketplace. Opt For Off-Peak Shipping Services When Possible. What is their safety record?
Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers. Disruptive risks on the other hand are harder to predict and manage.
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As a country, I think that we need to rethink supply chain flows for chassis, drayage and the unloading of larger ships. I don’t think that the ports are up to the challenge of moving the high-levels of freight with larger ships without rethinking unloading space, equipment and flows. It takes 2 to 3 days to unload a ship.
Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods. performance metrics to influence vendor behavior and impact sourcing choices. Sourcing uses P.O.
Supply Chain Finance & Revenue Management Supply Chain Visibility Quality & Metrics Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! To keep them moving, we can’t afford to ignore what the data is telling us.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
Chainalytics Creates New Metrics for Demand Planning Consortium. In related news, Maersk downgraded its forecast for ocean shipping demand. This Week in News Chainalytics cloud computing container shipping Descartes Systems Group HighJump Software Maersk NetSuite UPS' HighJump Software Announces New Partnership With NetSuite.
Within the report, each risk is assigned a risk score metric to help global supply chain leaders prioritize planning and mitigation efforts this year. Specifically cited are impacts on third-party logistics providers (3PLs) being disproportionately impacted by ongoing cyber threats compared to transit hubs like cargo ports and airports.
Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. In this system, space is shared by all of the cargo on one truck. Get better shipping rates.
Featured Product Popular Stories Ship Traffic Through Red Sea Remains Sparse, Despite Houthi-U.S. Timely, incisive articles delivered directly to your inbox. Truce Ocean Transportation J.B.
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If a major customer leaves, an AS/RS investment could become a stranded asset that sits on the balance sheet and drags down financial metrics such as return on asset (RoA) or other profitability measures. Risk Mitigation and Financial Stability The same flexibility helps mitigate longer-term financial risk.
Most work in warehouses packing and shipping items, but about 350,000 of them have corporate jobs. Jassy encouraged employees to “experiment with AI whenever you can.” Amazon is the largest private U.S. employer after Walmart Inc., million employees as of the end of March.
A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail.
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Zara also works with Air France, KLM Cargo and Emirates Air in order that they can coordinate directly with the airlines to make the outbound shipments to its stores and bring back some raw materials and semi-finished materials with return legs. Moreover, products can be shipped to stores in-time then lost sales is minimal.
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The Shippers Council of the Logistics & Supply Chain Management Society comprises close to 30 of the largest shippers or beneficial cargo owners (BCOs) in the Asia Pacific. Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index.
Transportation and shipping issues aren’t the only problem, of course. Demand prioritization is best if you have tiered customers or groups or locations (known priorities), you need to maximize metrics like profitability over equitability, or you need to short supply for the present but have more products coming in future.
Elon Musk revealed that one of Tesla’s battery powered class 8 semi-trucks completed a 500-mile trip fully loaded with 81,000 pounds of cargo – all off a single charge. . How you ship products is another way to connect with consumers who are becoming increasingly likely to consider sustainability before making a purchase. .
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. It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport.
It can also assist in determining specific metrics that affect the business. An additional example relates to a shipping or delivery service, where consolidating shipments when possible could relay savings in fleet management costs in the number of shipments needed and potentially decrease the quantity of delivery vehicles that require.
Here are some excerpts from the article: The retailer wants suppliers that ship full trucks of products to deliver orders within a specified two-day window 87% of the time, up from an 85% rate it targeted previously. Simply put, OTIF spells OPPORTUNITY for transportation technology providers. project44 Adds Ocean Visibility to Platform.
A Abaft: A point on a ship, toward the stern, and hence beyond the central point of the ships length. Abandon: In shipping, this term refers to the act of a shipper or consignee abandoning some or all of their cargo. If you have any others to add, please add them in the comments below, and Ill add them to the list.
The GRI shipping term refers to the usual increase in fees that are applied to container shipping rates. To help your company keep total costs in check, this blog will dig into the fundamentals behind GRI shipping increases, what a GRI surcharge is and a few other things to know. What GRI Stands for in Shipping.
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