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It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
June 10, 2025 Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 98% to $5,488/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 61% to $6,410/FEU. Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. America weekly prices fell 1% to $5.27/kg.
Our data showed that over 90% of enterprise shippers had to reroute shipments during this period, with an average cost increase of 35% per container. That’s over 1,100 hours annually that could be redirected to strategic initiatives. Rate sheets become obsolete almost as soon as they’re negotiated.
Leveraging Your Bargaining Power in Logistics Service Provider Negotiations by LSCMS Shippers’ Council The logistics industry is a complex and constantly evolving ecosystem that plays a vital role in the global economy. Shippers have until quite recently been faced with a daunting challenge when it comes to negotiating with LSPs.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. These individuals are key to maintaining operational efficiency, cost control, and compliance. Strong supplier agreements and pricing structures depend on consistent leadership. Rising costs.
Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. Movies, which combine fun and instruction, have a special ability to teach insightful knowledge about the negotiation process.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. according to the Walmart Marketplace website.
With supply chain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. Fortunately, strategic planning can help you deliver your land cargo on-time , despite the abundant labor shortages. Low Land Cargo Capacity. Solutions for On-Time Land Cargo Delivery.
What is this going to cost? 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. Your stakeholders can: Align sourcing, purchasing, logistics, and I.T.
Supply chain organizations are now caught in the clutches of a global economy creaking beneath the weight of cargo embargoes, labor shortages, jammed ports and shipping lanes, and a pandemic that continues to evolve. A digital supply chain platform enables these interactions between planning, sourcing, and procurement ?
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. Market Knowledge. GET our EBOOK HERE.
Sourcing raw materials from Asia, coordinating freight with European logistics providers, or navigating distribution networks in the Americas cross-border operations rely on effective communication to make them happen. Procurement staff must send alternate sourcing orders. Logistics coordinators will need to reroute deliveries.
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Supply chain cost is always flat around the optimal strategy. A small investment in flexibility can significantly reduce total supply chain costs.
The Supply Chain Matters blog provides perspectives relative to despite having a tentative back-to-work wage negotiation, the outstanding issue of port automation provides added concerns for global industry supply chain teams. ILA President Harold Daggett’s emphatic “ no automation ” line in the sand reportedly points to a tough negotiation.
Our data showed that over 90% of enterprise shippers had to reroute shipments during this period, with an average cost increase of 35% per container. That’s over 1,100 hours annually that could be redirected to strategic initiatives. Rate sheets become obsolete almost as soon as they’re negotiated.
Image source: Bloomberg. With senior management at major importers attributing earnings and missed sales to these challenges, the bottom line is that the products took longer and cost more than was projected. Higher container costs , resulting in container-by-container decisions on what to ship. So what can we learn?
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Minimization of errors leads to cost reduction, faster delivery, and more satisfied clients.In Using real-time data logistics team members can make additional orders, rebuild routes or negotiate alternative solutions with clients. Solution: Salesforce CRM offers several powerful tools for the maximal personalization of each order.
While GSAs can provide benefits such as cost savings and increased efficiency, they also introduce new risks and challenges for shippers. History of Alliances in Container Shipping Source: Port Economics, Management and Policy What are Global Shipping Alliances (GSAs) in the shipping industry?
3) Subsume information-processing work into the real work that produces the information (a warehouse department processes the cargo receiving data instead of sending the data to an accounting department). 7) Capture information once and at the source (capture the information and store it on an online database). Conclusion.
Regarding its percentage of volumes, UPS CFO Brian Dykes noted that Amazon’s percentage ranged from 20% to 25% of UPS volume in the US network depending on the time and price. Several last-mile providers such as Veho and Shipsi have already introduced lower priced services to compete in this space. billion, up 18.1%
Source: Statista.com. Transportation was redirected to be used in providing first aid, leading to supply chain bottlenecks, shortages and price hikes. The latter was so severe that cargo ships had to run at half their usual capacity. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing.
In this week’s supply chain and logistics news… Amazon in talks to lease 20 jets to launch air-cargo business (The Seattle Times). This week, as reported in The Seattle Times, Amazon is negotiating to lease 20 Boeing 767 jets for its own air-delivery service. On the bright side, it’s Friday, and I am here. Baird & Co.
It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. By crafting a well-defined strategy, businesses can mitigate transportation costs, mitigate supply chain disruptions, and uphold customer satisfaction. Tenure of charges – Is the pricing fixed for the entire tenure? (If
Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line. billion, while transportation costs increased by 10.4% trillion and motor carrier costs rose 10.1% billion, while transportation costs increased by 10.4%
A lack of railcars to move cargo from the ports is adding more delays. Six major corporations (Walmart, Home Depot, Samsung, Target, FedEx and UPS) will use the expanded off-peak hours to move cargo off the dock, freeing up dock space, by moving 3,500 containers per week during the night shifts at the two Southern California ports.
What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.
Potential Sources of Disruption. Loss of talent/skills. Identifying sources of risk and developing a plan are only part of the story. What alternative plants/factories/sources of supply do they have at their disposal? Unplanned IT or telecommunications outage. Cyberattack and data breach. Outsourcer failure.
Just 14 years later, the first air cargo flight took place in 1910. A well-planned logistics system ensures that goods can be delivered safely and reliably, on time and with minimal cost — preventing any major delays or missed deadlines.” Logistics can help reduce costs. Keep up the good work. 4] Scott G.
The May report indicated that the Transportation Price index increased 13.7 The latest monthly global Container Market Forecaster issued by the Container Xchange indicated that in May, container prices surged 45 percent across China. The average price for a 40-foot container reportedly skyrocketed from $2,240 in April to $3,250 in May.
What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.
What is Supply chain costs? Supply chain costs are defined as costs that constitute a considerable percentage of the total sales price of a product or service. Manufacturers usually define supply chain costs using the total cost of ownership. Supply chain costs analysis.
percent of UPS union workers have now voted to ratify the newly negotiated five-year labor agreement. Added safety and health protections are also included that outline installation of vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan.
Supply challenges arising from the war will hit many industries, with electronics being a prime example, since Russia and Ukraine are both sources of materials such as palladium and neon , vital for the manufacture of semiconductors. Rapidly rising fuel prices will bring about even more widespread supply chain disruption.
A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that source globally. 3rd party Communication/Negotiation – information is the life-blood of global TMS. Invoice Discrepancy Alerting. Management Control. 3 Critical TMS Capabilities.
Several people sat up long into the night, negotiating with the carriers so we could get these components – critical to the DoD’s mission – out of one factory and to the next for assembly. Just as we got the air cargo carrier to guarantee us some space on a plane, the plant manufacturing those parts was put under shutdown orders.
Abandon: In shipping, this term refers to the act of a shipper or consignee abandoning some or all of their cargo. Abatement: A type of discount granted to a shipper by a freight forwarder or carrier, typically in response to an overcharge or damage to the shippers cargo. ACS: Automated commercial systems, or A.C.S customs.
One wrong decision and freight costs can skyrocket, greatly impacting your profit margins. Freight forwarding is the facilitation of safe, cost-effective shipping of goods from one destination to another. Freight forwarders build a network of reliable carriers and negotiate freight charges on behalf of their customers.
Top View Cargo containers ship logistics transportation Container Ship Vessel Cargo Carrier. More expensive trading costs and new regulations are expected to impact e-commerce companies in the coming years. import export logistic international export and import services export products worldwide.
Presently, their major focus lies on local production, warehousing and strategicsourcing. Oil price fluctuations. Fluctuations in oil prices and oil supply disruptions are majorly caused by political events, supply pipeline issues or weather problems. Optimize sourcing decisions.
Potential Sources of Disruption. Loss of talent/skills. Identifying sources of risk and developing a plan are only part of the story. What alternative plants/factories/sources of supply do they have at their disposal? Unplanned IT or telecommunications outage. Cyberattack and data breach. Outsourcer failure.
They act as an intermediary between the shipper and transportation services, liaising with various carriers to negotiate on price and decide on the most economical, reliable and fastest route. Your freight forwarder is in charge of your precious cargo, so it’s important that you establish a good working relationship with them.
Although container shipping is in dire straits with several other lines at risk of failure or in the throes of restructurings, it is by no means the only source of unpredictability in freight markets. Deciding whether to ship cargo via the U.S. Prepare for the 2018-19 port labor contract negotiations. Labor unrest in U.S.
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