How currency changes are affecting logistics providers

The Network Effect

This means more air and sea freight on Europe-North America lanes, cross border feeds from Mexico and Canada, and increases in domestic North American transportation and warehousing for imported products. Therefore, world currency changes do affect logistics providers.

Improving Global Freight Process Management

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. State-of-the-art transportation management systems (TMS) certainly help with planning and execution, but advanced freight audit and payment processes are also vital toward obtaining complete process management results.

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Freight Forwarders’ Ongoing Quest to Increase Revenue & Profit

BluJay Solutions

Despite economic recovery, these continue to be challenging times for freight forwarders. Very few organizations experience more complexity in their business than a global freight forwarder. Download our eBook – A Freight Forwarder’s Guide to Increasing Revenue & Profit.

Soft Market in Air and Ocean Freight and Fluctuating Currencies Inhibit the Growth for 3PLs in Third Quarter 2015

Logistics Viewpoints

Soft market environment in Air and Ocean freight was one of the major reasons for decline in addition to the currency fluctuations. The 3PL market has declined significantly in the third quarter of 2015. The 3Pl market has also witnessed some major acquisitions during the quarter Conway, whose Menlo divisions revenues have historically been party of this analysis, was acquired By XPO Logistics UTi acquired by DSV Some other relevant acquisitions which happened during the […

Blockchain Comes to the Freight Industry

Supply Chain Brain

Fuller, who is also chief executive officer of freight market analytics provider FreightWaves , saw the suitability of a technology that originally was created to support the trading of Bitcoin and other cryptocurrencies. There was a perfect storm in terms of interest in the technology and how it would potentially impact the freight industry,” Fuller says. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

Does Excel excel at Freight Rate Management?


For many of them, Excel is still the default “automated” freight pricing system. Or is rate management doomed to hold back freight sales? Why freight rate management is necessary. Rate management supports tender and spot quote activities for freight forwarders.

Are You Prepared for the On-Shoring Migration to the U.S.?

Supply Chain Game Changer

Is blockchain technology coming rapidly and how will that affect global trading and the currency markets? Change Management Freight and Logistics Guest Blog Post Supply Chain Management Insourcing supplychain supplychainmanagement tradewarsSubscribe Here! Email Address.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

But I read an article in this weekend’s Wall Street Journal – The Revolutionary Power of Digital Currency by Michael J. Already, hundreds of specialized apps are being built on top of the digital-currency blockchain software, which is seen in this context as a kind of base operating system.”.

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Top 10 Reasons Why Santa Has The Best Supply Chain


2 Air freight without the fuel costs. 5 One currency for every country. by Bill DuBois Since the Holiday season is upon us, what better way to celebrate than with a top 10 list, which I hope will put everyone in a festive mood!

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BYOD – win:win for improved supply chain collaboration?

BluJay Solutions

LSPs, freight forwarders, air freight providers, sea freight providers, road haulage companies, handling agents – connected by contract, sub-contract, on a job-by-job basis.

How international shipping can be improved in today’s global automotive supply chain

The Network Effect

The supplier will be responsible for all items listed for FCA above, inclusive of inland freight and any duties/fees payable for import until it reaches the destination. Their manufacturing customer will expect to pick up the freight at the supplier’s named domestic facility.

Blockchain and TMS: A Future Match Made In Heaven?


Those accepting digital currencies, like Bitcoin, are already involved with blockchain, and TMS solutions that generate an ongoing ledger between parties, even 3PLs, may already have developed blockchain-based technologies that are within months, if not weeks, of launch dates.

Logistics Automation and Blockchain: What’s the Potential?


Logistics automation and blockchain have potential applicability to payment processing, freight location monitoring, order fulfillment, and more. In logistics, companies have unlocked the potential of third-party logistics providers, as well as value-added services, like freight consolidation, invoice auditing, and small package handling. Logistics automation and blockchain will have the net effect of reducing work for carriers in freight scheduling and planning.

These Top Manufacturing Technology Trends will Fuel a Focus on Customer Experience in 2018


Everyone seems interested in Blockchain technology in lieu of the crypto-currency craze. Manufacturers can also use Blockchain technology to track inbound freight, including raw materials used in the manufacturing process, explains Industry Week.

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Tailwind launches new web-based application for small to mid-sized trucking companies and freight brokers


November 16, 2016, Vancouver BC – Building on their expertise creating enterprise-grade transportation management systems (TMS), Tailwind is pleased to announce the launch of their new, web-based Trucking Software and Freight Broker Software , available in SaaS (Software as a Service) form.

This Week in Logistics News (March 21-25, 2016)

Talking Logistics

January 2016 North American Freight Numbers. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in January 2016 than in January 2015,” according to U.S. percent of the value of the freight to and from Canada but the total was down 4.0

What Is the Future of and Trends in E-Commerce Logistics?


E-commerce is growing at a phenomenal rate and, powered by the top trends in e-commerce logistics, shippers have an amazing opportunity to increase profitability and reduce freight spend simultaneously. This would include the use of digital payment methods and currencies.

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6 Things to Consider as You Plan Your 2016 Budget

CH Robinson Transportfolio

dollar rises against foreign currencies, U.S. It becomes imperative that your service provider has the ability to effectively load every import container with domestic freight or exports to help ensure efficiencies, reduce carbon footprint, and create collaborative value to the ocean carriers.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains


This is an essential step in taking advantage of blockchain technologies, especially cryptocurrencies, which some consumers and supply chain partners will be using within the next few years as a primary currency.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

August 2015 North American Freight Numbers. on, and can be shown in nearly 60 different currencies. Guests can then designate the country they would like to ship to and also choose their currency. The Cubs finally made it to the World Series.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

There are two sides of a bitcoin: a cryptocurrency that enables anonymous individuals to facilitate transactions using a decentralized digital currency without a middleman (such as a bank or credit card company). [1] Christopher Tang.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

There are two sides of a bitcoin: a cryptocurrency that enables anonymous individuals to facilitate transactions using a decentralized digital currency without a middleman (such as a bank or credit card company). [1] Christopher Tang.

8-Step Importing Guide For First Timers


Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. International Currencies & Taxes. Simply define the currencies that you trade in and exchange rates for the currency pairs.

3 Questions to Ask Your Global Logistics Provider

CH Robinson Transportfolio

What volume of freight do they handle? A versatile, non-asset based forwarder that can optimize your supply chain, offer a variety of service options, and provide freight consolidation can add efficiencies that can also save you money.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats


Transportation and freight costs are reduced. Currency exchange issues are reduced. Premium freight capacity improves. This is the first post in a two part series on our update on Reshoring.

8-Step Importing Guide For First Timers


Here, landed cost includes the original price of the product, transport fees, customs, duties, taxes , insurance, currency conversion and handling fees. International Currencies & Taxes. Simply define the currencies that you trade in and exchange rates for the currency pairs.

The Business Case for a Global TMS


Managing global freight is ladened with challenges. The global TMS functionality necessary to support execution control are: Freight contract management. Freight Invoice Auditing. Delivers immediate access to negotiated freight contracts and quantity commitments. .

This Week in Logistics News (July 16-20, 2018)

Talking Logistics

The Cass Freight Index – June 2018. It’s not a new saying, but it’s found new currency in today’s hyper-competitive and dynamic business environment. The closer my vacation date gets, the more work piles up for me to get done before I leave. How does that happen?

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

One of the greatest advantages of a TMS is the ability to have control tower visibility across multiple modes, geographies, and a wide range of stakeholders (business partners, customers, customs brokers, freight forwarders, and third-party logistics providers).

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Doing Business in the Czech Republic


The Czech Republic has 41 airports with paved runways, most of which can handle large freight planes. Despite joining NATO in 1999 and the European Union in 2004, the Czech Republic has not adopted the Euro and still uses the Czech koruna as its official currency. .

Toyota and USPS See Opportunities for Blockchain Technology in Supply Chain Management

Talking Logistics

Of course, bitcoin as it exists today also has the potential to transform freight audit and payment and other supply chain finance processes, especially for small suppliers and transportation providers.

Pulling the curtain back on blockchain in logistics


All of our lives revolve around freight and logistics in some way--it is the single largest industry on the planet and is projected to be valued at over $15 trillion within the next few years. This, in turn, can lead to delayed shipments, increased freight spend, and so on.

This Week in Logistics News (May 12-16, 2014)

Talking Logistics

March 2014 Freight Transportation Services Index (TSI). In addition… The application has also been extended to enable both buying- and selling-side capabilities for analyzing, collaborating on and creating freight agreements with a comprehensive strategic freight management solution. Additionally, the collaboration portal allows for real-time collaboration between shippers, logistics service providers (LSPs) and freight forwarders and their carriers.

5 Things to Know Before Negotiating Ocean Shipping Contracts This Year

Talking Logistics

Still, if you had ocean freight in 2016, the memory of the bankruptcy of the Hanjin shipping line may linger in your mind. But let’s be smart about it and not get hung up on the latest buzzwords like crypto-currencies and blockchain. The 2018-19 contract season for ocean shipping is here, and it’s time to think about the best way to approach negotiations.

Mexico Back in the Supply Chain Spotlight

Talking Logistics

We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. Currency is stable and inflation is under control. . Watch the short clip below where he discusses three key challenges: imbalance of freight during peak season; the visibility black hole at the border; and the need to build in flexibility. The carrier is only responsible for carrying your freight, unless you contracted them for insurance.

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Blockchain for the Supply Chain – What’s It All Mean?

Supply Chain Collaborator

While most people don’t even understand this exciting new technology beyond the notion of its role in the rise of “crypto-currency”, there are practical uses for it across many critical business functions.

5 Features that Differentiate a Global TMS


As a wider range of shippers globalize their logistics networks, TMS solutions capable of managing international freight transportation have become a key part of supply chain management strategies. But they help you bring a worldwide view of freight transportation management into focus.