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billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
AI in Procurement: Enhancing Sourcing and Supplier Management Procurement has traditionally relied on human expertise, manual comparison of supplier options, and analysis of past performance. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
The dashboard is part of a broader Sustainability Hub, which allows companies to collaborate and access freight emissions from FourKites tracked freight. FourKites Sustainability Dashboard also enables companies to identify the highest source of freight-related emissions across the supply chain.
Consumers have embraced e-commerce for price comparisons, ease of purchase anytime and anywhere, and for those participating in subscription services such as Amazon Prime, free shipping, and other benefits. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs.
According to Logistics Management, more parcel carriers are moving heavier parcel shipments to less-than-truckload freight in e-commerce because they’re overwhelmed. This creates a wonderful opportunity for shippers to eliminate the middleman costs by considering the use of less-than-truckload freight options for e-commerce.
Supply Chains (And Freight Rates) Crank Up Again: Freight Rate Update Wk 1. As supply chains crank back into action following the vacation, the January ocean freight GRI (General Rate Increase) stuck, with China-US rates increasing by 27%. The situation is better for air freight. Air Freight Pricing. TRADE LANE.
GlobalTranz’s main service lines are freight brokerage – less-than-truckload and truckload – and managed transportation services. Robinson’s last quarter earnings in North American Surface Transportation, up 10.8% – which many companies would be delighted with – seem paltry in comparison. Robinson and Echo Global Logistics.
On August 13, the DOT announced that Ports in Oakland, Seattle and Tacoma have all been added to its Freight Logistics Optimization Works (FLOW) network, joining the Port of Los Angeles and the Port of Long Beach to round out the five largest West Coast shipping hubs. according to the Walmart Marketplace website. from May’s 2.24
Freight Management. Freight management is driven by time-critical, manual tasks. This will improve the ability for data analytics to be used to improve operations and provide an efficient and scalable freight management workflow. Price Lookup and Comparison. Returns and Refunds Processing.
While large national networks comprise a significant percentage of transportation service providers' shipping options, several challenges present if these are the only OTR freight transportation sources considered, including. Download the White Paper: Over the Road Freight Management Trends. current LTL transportation ?rates
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
in push for freight decarbonization China e-commerce exports, unreliable Red Sea shipping boost air cargo Sephora is expanding its take-back and refillables programs Amazon announced that it delivered to Prime subscribers at its “fastest speed ever” in its quarterly earnings on Tuesday. The initiative is allocating nearly $1.5
10 Tips To Be A Successful Freight Broker! The terms freight broker and freight agent are often confused in the cargo and shipping sector. Freight brokers and agents contribute significantly to optimizing the shipping process. So, what are the differences and similarities between a freight broker and freight agent?
Furthermore, some data may be of minimal use without comparison to and identification of trends and collaborations between data from other transactions within a given warehouse or transportation system. However, most of today’s data goes unused and represents a lost opportunity to the company.
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. Signup Now.
Transportation has followed the same evolutionary pattern, moving upstream from day-to-day freight transactions to an integral component of top-level corporate planning and procurement strategy. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.
Today, warehouses can utilize robots in all aspects of fulfillment processing , including both inbound and outbound freight management. The technology progressed within Amazon and in external technology development centers.
Hard costs: Piece price Tariffs Shipping cost Cost of additional inventory to support longer lead times and supply variability The additional cost of maintaining suppliers in a foreign country Supplier quality (cost of inspection, sorting, rework, returns and scrap) Additional supplier delivery (cost of expediting and premium freight charges) Environmental (..)
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.
Supply Chain Risk Drivers: A Comparison of Risk. The problem is that the acceptance of lanes by the carriers does not force the carrier to accept the freight when tendered. If the carrier does not accept the freight, the manufacturer loses time in moving the freight and is often forced to go to the open market to source freight.
Cost (Line Haul RPM): The rate per mile that is being paid for freight movement before fuel and other incidental charges. When glancing across the different metrics, routing guide compliance may also reflect a decline, which means the load planners are deviating from the established routing plans in order to cover freight.
The freight market has been on the receiving end of several systemic shocks that continue to affect industry providers and shippers alike. And when you add in the current labor and commodity shortages along with an inflationary environment, it is apparent why freight rates have been steadily climbing.
Shipping air inside expensive freight containers has never been a cost-effective approach to transportation. Today though, in the wake of the COVID-19 pandemic, it’s even more critical to try and improve capacity utilisation , given the skyrocketing costs of container freight shipping.
Next, researchers looked at freight attributes of shippers. Leader Group 1, which used more asset carriers than brokers, achieved an 82% rating; Leader Group 2 used more brokers than asset carriers and achieved 81% (for comparison, Laggards achieved 46%). On time delivery (OTD). Asset carriers and brokers could both be high performers.
The increase in the volume and use of digitized freight data has made the need for – and lack of – industry data standards all the more acute. Here’s How We Get There Part of the frustration stems from comparisons to other, similar industries including air travel for passengers. are growing too.
Load consolidation means less trucks on the road to deliver the same freight, which is important as far as carbon emissions. By comparison, 85 percent of orders are accomplished in one delivery for those at the 75th percentile.
In Making the Case , we’ll explain how a modern, feature-rich and user-friendly TMS can reduce your freight spend, improve service levels, streamline your logistics functions and give you more control over your end-to-end supply chains.
Faster service, great capacity usage and direct connectivity with freight companies means better access to service providers. Freight Marketplaces : Cargomatic is a prime example of the rebirth of freight marketplaces. Robots : Robotics have the power to change the entire freight industry. ZDnet , @talk19 ]. Let us know!
For comparison, they spent $3.4 Wages for truck drivers rose at a double-digit pace last year as companies laid out hefty salaries, bonuses and benefits packages to recruit workers in a market marked by tight labor conditions and high freight demand. But as the pandemic eased, demand softened. In June 2022, Americans spent $2.5
Tools to Streamline both FTL and LTL Brokerages Tai has a lot to offer freight brokerages that handle both FTL and LTL business. LTL brokerages have access to side-by-side price comparisons pulled directly from EDI-connected LTL carriers, shipment tracking, and automated dispatching. Tai TMS is a TMS for , modern freight brokerages.
Implementing new technology is a complicated process, but it can be simplified as follows: Integrate systems that control both inbound and outbound freight. The most sophisticated of existing systems kneel in comparison to some of the modern, SaaS-based, platforms.
Carriers, freight forwarders, and shippers that were dealing with the China to North America trade lanes were already operating in crisis mode. They are predicting Ocean is going to increase 2-3x from $10,000 to container to over $30,000 per container and that Air freight spot rates and lead times are going to increase 3-4 times.
This tremendous growth was driven by freight shipping, which scaled in size but didn’t significantly improve underlying technology, getting bigger, not getting smarter. In an era that has embraced data technology for improving everything from entertainment to finance, freight is still manual. Annual Imports.
Theres no need to engage in complex comparisons via rate shopping or to settle for sub optimum service. Why You Need To Audit Parcel Shipping Spend To really drive logistics ROI, shippers especially high volume shippers need to audit their parcel freight spend. But the best multi carrier shipping software includes audit capabilities.
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces that it has expanded its partnership with Uber Freight to provide a real-time rating solution within e2open’s Transportation Management System (TMS) application.
Brick-and-mortar locations that have not ventured into the realm of e-commerce will falter in comparison to companies that have already embraced e-commerce. Any cases involving lost or damaged shipment should be addressed immediately, so it may be necessary to outsource claims processing or implement automated freight claims processes.
And, in comparison to the previous high-water marks, which were set just three months ago in the fourth quarter of 2021, they show growth of 7 percent and 25 percent respectively. After all, trucks move 70 percent of all freight in the US from transporting goods on land to those that come off a cargo ship or a train.
Such real-time data and visibility functions allow for supplier comparisons as well as overall emission source contributor identifications, which can be focused on for improvement. Arcstone provides several ways for the data of suppliers to be passed. It can be done via EDI, API or via a web portal.
Reports indicate that returns are higher when products are sold online, with an average return rate of 30% for ecommerce purchases, in comparison with 10% for brick-and-mortar sales. As a result, regardless of freight costs, seamless mail-in returns to the distribution center or ecommerce site are almost better for retailers.
We continue our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). Our first post covered the Top 5 Freight Management blogs of 2016. e-Book] The Ultimate Guide to Manufacturing, Supply Chain, Logistics, Transportation, & Freight Metrics & KPIs.
The SmartWay Program Since the Great Recession, the freight industry in the United States has experienced significant growth , with over 51 million tons of goods transported daily. However, this growth has also led to rising concerns about the environmental impact of global freight transport. The SmartWay Program is a U.S.
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