Are Ocean Freight Prices Absolutely Broken?

Freightos

Special thanks to Lars Jensen, CEO at Sea Intelligence Consulting and Zvi Schreiber, CEO of Freightos Group for their input and insights for this report. . Is ocean freight pricing broken? The post Are Ocean Freight Prices Absolutely Broken?

National Food Group Selects BluJay’s Transportation Management for Improved Logistics Execution and Customer Experience

BluJay Solutions

Holland, MI – June 24, 2020 – BluJay Solutions , a leading provider of supply chain software and services, announces that National Food Group has deployed BluJay’s Transportation Management platform for improved execution and customer service. National Food Group (NFG) has been partnering with foodservice professionals since 1990 to provide delicious, on-trend menu items, as well as reliable staples every kitchen needs. About National Food Group.

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The Current State of LTL Freight in 2018

Cerasis

Less-than-truckload (LTL) freight is in the midst of a boom. The state of LTL freight offers a grand opportunity to overcome the significant obstacles created through economic growth, e-commerce, and global markets. Average weight per shipment is up for the sixth consecutive quarter, reports Jeff Berman of Logistics Management , and economic growth indicates continued diversion of freight to LTL from full truckload and even parcels to maintain capacity.

[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston. Download the Inbound Freight Management E-Book: Fill out the Form Below.

FedEx and Freightos – Improving Digital Freight Together

Freightos

In addition to express courier shipping, Fedex added road freight, air and ocean freight forwarding, and customs brokering. This addition now enables our 150,000+ registered importers and exporters who search and instantly book multimodal freight on the Freightos.com platform to benefit from FedEx’s world-class US imports customs brokerage expertise as well. . The digital transformation of the freight industry marches forward with each year.

Brewers Supply Group Selects BluJay’s Transportation Management to Deliver Best-in-class Service for Customers

BluJay Solutions

22, 2020 – BluJay Solutions , a leading provider of global supply chain software and services, announces that Brewers Supply Group, Inc., has selected BluJay’s Transportation Management technology and Managed Transportation Services to manage freight for its multiple divisions across North America. BSG estimates savings of about $3 million following implementation, along with efficiency gains due to freight consolidation and dock scheduling in the warehouse.

Looking for Freight Broker Tips? Join These 5 Online Communities.

Cerasis

Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources. Let’s look at five of the top online communities for freight brokers. #1. Freight Broker Tips and Resources (LinkedIn).

e-Freight Solutions for Air Cargo

Descartes

Julie Calcunovitch is Vice President, Air Product Management at Descartes The highly demanding and competitive nature of the supply chain industry demands proactive collaboration amongst trading partners in the air freight community. With the right solution, organizations can realize significant gains in internal efficiencies and processes, as well as have the foundations in place to adapt to newindustry initiatives such as the IATA e-freight program.

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Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. Notable examples include K+N’s partnership with a tech accelerator, DB Schenker’s exclusive agreement with uShip, and here at Freightos, automating freight rate management for several enterprise forwarders. A forwarder who loved their tracking software brought up a bigger problem – managing air freight rates.

LTL Carrier Profile: UPS Freight

The Logistics of Logistics

LTL Carrier Profile: UPS Freight. UPS Freight is the fourth largest less than truckload (LTL) carrier with approximately $2.4B UPS Freight has 6.9% UPS Freight is based in Richmond, Virginia. UPS Freight is a business segment of United Parcel Service, Inc. Domestic Package, International Package, and Supply Chain and Freight. LTL Carrier Profile: UPS Freight Services. LTL Carrier Profile: UPS Freight History.

Chainalytics and Drewry partner to create Ocean Buying Group for small and medium sized shippers

CHAINalytics

Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers. Press Release Transportation Beneficial Cargo Owners Ocean Carrier Ocean Freight Procurement

The State of Digital Freight: The 4×4 Blueprint for Freight 2020

Freightos

The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Online freight booking. See the 2018 State of Online Freight Sales. There is at least 100 times more manual work per shipment in freight forwarding than in Express.

BASF Video Case Study: The Value of Real-Time Freight Visibility

Talking Logistics

A few weeks ago at the Descartes Evolution 2018 User Conference , I had the opportunity to interview William Wehrle, Director of Supply Chain at BASF, and David Bazzetta, Business Advisor – Process Optimization at BASF, about the importance and value of having real-time freight visibility. What were some of the key capabilities BASF was looking for in a real-time freight visibility solution? Benefits of Real-Time Freight Visibility.

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Accurate freight and transportation data is particularly important. Seizing control of freight and transportation spend can improve operating income by five to 10 percent, and boost stock prices by 10 to 20 percent, according to an Accenture study, From a Shipper’s Market to a Carrier’s Market. Freight Invoicing Reports.

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment

RELEX Solutions

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment. Musti Group Nordic is the leading pet supplies and accessories retailer in the Nordics, with 121 Musti & Mirri stores in Finland, 127 Arken Zoo and Djurmagazinet pet stores in Sweden, and also 18 Musti stores in Norway. Musti Group at a Glance. Company name Musti Group Nordic Oy. – Matti Salmi, Purchasing Director, Musti Group Nordic. Retail Case Study musti-group-en

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How to Protect Your Freight From Cargo Thieves

GTG Technology Group

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. The post How to Protect Your Freight From Cargo Thieves appeared first on GTG Technology Group. Industry News cargo thieves GTG gtg technology group idle trucks low-tech security protect your freight smart transportation management software tracking devices transportation technology

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Inbound Freight TMS & Integration: How Shippers Gain Max Efficiency

Cerasis

Inbound freight management remains an afterthought for most shippers, but the average company spends more than 40 percent of its annual freight budget on inbound freight, reports the Aberdeen Group via Logistics Management. The post Inbound Freight TMS & Integration: How Shippers Gain Max Efficiency appeared first on Transportation Management Company | Cerasis. Inbound Freight TMS Inbound Freight TMS

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I was hired as an accountant for an on-demand air charter operator that moved executives and high priority freight. 04:25] There’s an approach to freight savings that you use at Customodal, and I was hoping you could describe that to the audience. Most transportation providers help their customers save money by reducing freight costs – negotiating better rates, finding cheaper carriers, volume, different modes, etc. [00:21] Opening / Introduction. [00:42]

Use Softer Freight Market in Q1 to Begin Hard Focus on Building Carrier Relationships

Kane is Able

2018 was a tough year for both shippers and carriers as constrained capacity led to delayed shipments and higher freight prices. But this slight grace period does provide shippers a golden opportunity to build and strengthen relationships with a select group of strategic carriers. Supply Chain Challenges 3PL Outsourcing Freight Transportation Truck Drivers

Expert Advises How to Reduce LTL Freight Costs

Supply Chain Opz

He has extensive knowledge and experience in logistics & LTL (less-than-truckload) industry and today he will explain to you about 8 ways that you can use to trim LTL freight costs instantly. 7) Check to see how close your standard shipment weight is to the minimum weight required to qualify for the lower rate applicable to the next larger weight group. What''s else you can you do to reduce LTL freight costs

Above the Fold: Supply Chain Logistics News (August 23, 2019)

Talking Logistics

Robinson, and Descartes Systems Group for your support! News This Week in News Transportation Management Systems BestTransport China tariffs Descartes Systems Group Domino's Pizza Elemica Logistics Leaders for T1D Cure Starship Technologies Uber FreightOur Logistics Leaders for Type 1 Diabetes Cure Team jerseys are on order! A big thank you to our Century Team Sponsors BluJay Solutions, C.H.

Is Powerloop Good for the Freight Business with Andrew Kelley

The Logistics of Logistics

Overall, he has executed $30B of combined M&A and investments mostly with UBS Investment Bank’s Technology, Media & Telecom group. 1:15] How’d you get into the freight business? 3:07] Tell us about Powerloop and its implications on the freight business. Uber launched Uber Freight a few years ago. Now, Powerloop is the latest offering from Uber Freight. People say that the ELD mandate is the reason that the cost of freight has been surging.

Top Trends in Freight Forwarder Digitization

Freightos

What does the oldest company on the top ten global technology companies have to do with freight? Here’s What This Has To Do With Freight. The transformation of a tech giant and the freight industry’s current process of digitization share some key principles: whether selling AI tools and consulting or freight, the ability to adopt new technologies by listening to what customers want can be key to any transformation. Threat from Carriers and Digital Freight Forwarders?

Freight Volume Rebounds to Pre-Pandemic Levels

Zipline Logistics

As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Regional Freight Volume Update ? . Each group oversees freight that enters their region and plans for specific market trends in their respective states.

A Trucking Economics Lesson: How rates will respond to market changes in 2020

CHAINalytics

So much so that our freight benchmarking group developed a new … The post A Trucking Economics Lesson: How rates will respond to market changes in 2020 appeared first on Chainalytics. Blog Feature Freight Market Intelligence Consortium Supply Chain Consulting Transportation contract freight rates contract rates freight benchmarking Freight Rates Transportation Benchmarking transportation economics Transportation Procurement trucking

Divided consumer spending habits drive freight imbalances

DAT Solutions

In a lot of ways, the current imbalances in freight networks reflect the divided purchasing habits of two very different groups of consumers. . Market Update

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Ten Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliers

Material Handling and Logistics

Both inbound and outbound freight require carefully choreographed steps for a successful dance. According to analyst firm Aberdeen Group, a business can spend more than 40% of its annual freight budget oTen Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliersn inbound operations. A more efficient inbound freight program streamlines processes to achieve greater savings. Implement a dynamic rate allowance program for freight costs.

This Week in Logistics News (December 5-9, 2016)

Talking Logistics

DAT’s Accelerated Freight Matching Launches with New Load Board App for Carriers and Paperless Onboarding Service for Brokers. R2 Freight & Logistics, Inc. October Air Freight Demand Up 8.2% – Fastest Growth in 18 Months (IATA). On my morning walks to grade school, I would pretend to be an astronaut, jumping in zero gravity over the sidewalk cracks, my backpack filled with oxygen.

Teamsters and UPS Freight Union Members Move to Strike, UPS Freight to Shut Down in the Interim

Cerasis

UPS Freight, has started to empty its network of freight and is refusing inbound shipments with delivery dates after November 8, 2018, reports William B. The actions taken by UPS will place a considerable burden on LTL shippers, and it is essential to understand what this move means for the shipper that routinely uses UPS Freight. What Happened With UPS Freight and the Teamsters Union? What’s Happening With UPS Freight Between Now and November 7?

This Week in Logistics News (October 13-17, 2014)

Talking Logistics

Spot Market Stays Strong: September DAT Freight Index. Teamsters Make History With First Ever Organizing Victory at FedEx Freight. economy boosts freight (Reuters). Meanwhile, Amazon has formed an interesting partnership with Connect Group to launch same-day delivery service in the UK. Demerged from WHSmith in 2006, the group delivers 40m newspapers and 14m magazines a week to its 30,000 UK customers including supermarkets, independent retailers and petrol stations.

The National Truck Driver Shortage is Threatening the Freight Industry

Elementum

The trucking industry, which moves 70% of US freight, has been facing a driver shortage for the past 15 years. The hour-of-service regulation has affected the industry’s productivity, hence the need for more trucks and drivers to move the same amount of freight. part of a minority race or ethnic group and 38% bilingual, ” said Jane Jazrawy, CEO of CarriersEdge. The industry is short 48,000 drivers, and its severe turnover rate— 87% in 2015 —isn’t helping.

A Transportation Management System or Managed Transportation Services? Why Not Both?

Logistics Viewpoints

Last year the ARC Advisory Group did a study on the ROI a shipper would get by having their transportation managed by a third party logistics firm. Survey results indicate that MTS relationships are generally successful from both freight savings and service level perspectives. Logistics Outsourcing Logistics Service Providers Transportation Management Systems Filtration Group Managed Transportation Redwood Supply Chain Systems TMS

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. Uber Freight: Transportation Facility Brand Managers. The same ratings and reviews also are available to shippers within Uber Freight’s shipper platform.

Capacity Crisis: Four Mistakes Shippers Make Regarding Density-Based Freight

Cerasis

The freight & transportation landscape is reaching critical mass. Capacity is a very real problem impacting companies in all verticals, especially those who ship density-based freight that present further challenges. Not Properly Dimming Your Density-Based Freight. It’s no secret that the growth in the economy coupled with shortage of drivers and the ELD mandate has led to a serious capacity crisis in Less than Truckload and Full Truckload freight.

Flyjac Selects BluJay’s Freight and Transportation Management Solution to Enhance Customer Experience

BluJay Solutions

Headquartered in Chennai in Southern India and founded in 1990, Flyjac Logistics is one of the leading integrated logistics solutions providers in India, specializing in freight forwarding, warehousing and transportation management. In 2010, Flyjac Logistics was acquired by Hitachi Transport System Group, Japan. The post Flyjac Selects BluJay’s Freight and Transportation Management Solution to Enhance Customer Experience appeared first on BluJay Solutions Ltd.

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