article thumbnail

Transforming Freight Benchmarking

Logistics Viewpoints

Carriers move shippers’ freight. For example, if a shipper needs to ship goods from Chicago to Detroit, the TMS will have a record that on this lane, the transportation planner should contact Carrier A first. Google maps would be an example of this kind of application. Scale is Necessary for Freight Benchmarking.

article thumbnail

What Is an Automated Freight Settlement?

GlobalTranz

Unfortunately, there remain opportunities to recapture freight spend within the freight settlement process that automated freight settlement could solve. Consider this example. According to Inbound Logistics, the costs of failure to consider automation in logistics and freight settlement is.read More.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.

article thumbnail

Freight Market Intelligence: Data is crucial, but context is king

Freightos

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Freight 156
article thumbnail

Freight Cost Volatility Impacts on Inflation – An Analysis

Freightos

The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). Freight rates as a forward looking indicator of CPI. Let’s start by taking a look at global ocean freight prices.

article thumbnail

Who Is Actually Hauling Your Freight? (Another Supply Chain Visibility Blind Spot)

Talking Logistics

End-to-end supply chain visibility also involves, for example: Knowing where the manufacturing/production facilities of your suppliers (and their suppliers) are physically located, and which parts or materials are. Read more Who Is Actually Hauling Your Freight? The post Who Is Actually Hauling Your Freight?

article thumbnail

De-Carbonising Road Freight Operations: Bridging the Know-Do Gap

The Logistics & Supply Chain Management Society

For example, Maersk ordered eight 16,000 TEU vessels to be operated on carbon-neutral methanol fuel, while DHL has purchased large amounts of sustainable aviation fuel and ordered 12 all-electric cargo planes. These are some examples of large players making bold moves, often involving low-carbon fuels and related engine technology.