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. . Shipping containers are like scotch. . Is ocean freight pricing broken? COVID-19 Freight Insights Logistics Technology

What is LTL Shipping?

SupplyPike

Learn about: Less-than-truckload (LTL) shipping Advantages of LTL Factors determining shipping rates. Less-than-truckload (LTL) shipping is a system of transporting a smaller shipment than a typical truck filled with one order. LTL freight carriers normally transport small shipments of freight from many companies. When companies opt for LTL shipping, they are charged for the section of the semi-truck that their freight takes up. Freight Class.

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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. If you’re looking to save costs on shipping, take a look at inbound shipping. 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.

FedEx and Freightos – Improving Digital Freight Together

Freightos

About half the products we buy in stores are imported, which means they not only went through a complex shipping process, but also had to be cleared through customs before they could be sold to us. . Freightos.com already makes international shipping easy. For example, we are helping importers turn on a dime and find shipping routes from South East Asia, while China is partly closed by the coronavirus. Freight Insights Logistics Technology

LTL and FTL Shipping: Which is Best for You?

SupplyPike

Learn about: Key differences between LTL and FTL shipping Shipping options offered by Walmart. Did you know that you do not have to hire and pay for a full truck if your freight is much less than a truckload? Freight carriers offer a variety of choices for transporting commercial shipments. Two widely used means of transportation are less-than-truckload (LTL) shipping and full-truckload (FTL). Choosing the right shipping method depends on a number of factors.

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. It won’t be good for many industry players if we don’t work together to build a modern shipping experience with the end user at heart first on our own. Online freight booking.

Too Much Focus on E-Commerce Shipping Practices? The Important Reminder That Logistics Fundamentals Still Matter

Cerasis

Unfortunately, e-commerce shipping practices, although different from traditional retail shipping, still fall short. Supply chain leaders need to understand why logistics fundamentals will continue to shape e-commerce shipping strategy. What’s Wrong With E-Commerce Shipping Practices? In addition, e-commerce shipping practices must consider labor management, specifically loading and unloading, as well as yard management. Leverage freight consolidation programs.

5 Factors That Go Into LTL Freight Shipping Rates

Cerasis

Understanding how less-than-truckload (LTL) freight shipping rates are calculated is critical to surviving and thriving in logistics. Cassidy of JOC.com, overall freight shipping rates are decreasing. Rather than blindly paying these fees, you need to know what affects LTL shipping rates and how you can leverage this information to secure the best possible rate for your LTL shipment. What Goes Into LTL-Shipping Rates?

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.

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 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]

Top 5 reasons shipping rates are changing & what to expect

CargoBarn

Although there are several factors shifting the costs of shipping we will focus on the TOP 5 REASONS SHIPPING RATES ARE CHANGING & WHAT TO EXPECT. Without an influx of new drivers, the industry group predicts it will be 110,000 drivers short by the end of the year. To attract new truckers, businesses are increasing pay and benefits, further raising shipping rates. Diesel price increases have dramatically affected shipping rates recently. Freight Shipping

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. 5) Verify that your shipping department is providing accurate shipment weights on the bills of lading which cover your shipments. What''s else you can you do to reduce LTL freight costs

How Much Does Freight Shipping Cost?

Freight Center

There are several factors that can affect your freight shipping cost, including: Weight. Freight class. Additionally, a few things to consider when selecting a freight shipping carrier include value versus cost, timeframes, logistics network and more. Get an Instant Freight Quote. To get an instant quote from preferred carriers for your freight shipment, use our easy freight quote calculator. Freight Class.

Do I Really Need Full Truckload Shipping?

Cerasis

The question of necessity affects full truckload shipping decisions, and shippers might overlook full truckload options. However, shippers do need full truckload shipping, but they need to know how to take advantage of it properly to avoid ballooning freight spend and shipping costs. The Issue: Shippers Face More Challenges When Trying to Avoid Full Truckload Shipping. Spring shipping has not yet peaked & therefore, shippers need to prepare now.

Truckers Keep Goods Moving

Freight Center

Along with the group of vital positions is that of the freight trucker. Freight ShippingWe are seeing the term “essential worker” a lot these days. And right now, we can’t say thank you enough to the people in the different careers and roles, namely the medical industry, first responders and those who are keeping our stores stocked with food. As we are all aware, these events have had an economic and medical impact all over the world.

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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?

How Much Does Freight Shipping Cost?

Freight Center

There are several factors that can affect your freight shipping cost, including: Weight. Freight class. Additionally, a few things to consider when selecting a freight shipping carrier include value versus cost, timeframes, logistics network and more. Get an Instant Freight Quote. To get an instant quote from preferred carriers for your freight shipment, use our easy freight quote calculator. Freight Class. Blog Freight Shipping

How Much Does Freight Shipping Cost?

Freight Center

There are several factors that can affect your freight shipping cost, including: Weight. Freight class. Additionally, a few things to consider when selecting a freight shipping carrier include value versus cost, timeframes, logistics network and more. Get an Instant Freight Quote. To get an instant quote from preferred carriers for your freight shipment, use our easy freight quote calculator. Freight Class. Blog Freight Shipping

Augmented Reality and the Future of Shipping

GTG Technology Group

In the field of trucking and transportation, augmented reality may revolutionize the way truck drivers interact with motor-carrier routing messages, the way distribution centers log and mange freight, and the way service personnel address maintenance issues and repairs. Business outcomes associated with the technology may include faster delivery times, better freight arrangements, and less down time.

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

Talking Logistics

Some mornings I would ride my rocket ship, evading asteroids and alien cruisers along the way, and I would barely make it to school on time (I mean, the space station), with just enough fuel to make a safe landing. 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).

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.

How to Ship Them Aliens

Freight Center

Shipping your alien and their UFO is probably your best bet! Luckily, 3PLs have evolved to give you custom tailored shipping solutions no matter what your shipping needs are. How to ship your alien. Everything you can think of, from a roofing nail to helicopter propellers, has a freight class and a National Motor Freight Classification (NMFC) code. Extraterrestrial Being” doesn’t have a freight class or NMFC code (yet).

How These 2020 Food and Beverage Trends Will Affect Your Freight

Zipline Logistics

As we head into 2020, it is now Gen Z who is poised to be the largest consumer group in the globe accounting for “$29 to $143 billion” in direct spending, according to an article in Forbes. We anticipate that shipping temperature controlled , particularly frozen, is a transportation mode that will continue to grow in demand in 2020. So much so that global beer sales have been down for five consecutive years according to the Beverage Information Group.

Global shipping trends: What to expect in 2020

CH Robinson Transportfolio

Now that the fireworks are over and New Year’s resolutions are set, it’s time to prepare for global shipping in 2020. One thing’s for sure, freight forwarding never has a dull moment. . Recapping 2019’s top global shipping disruptors. Before we jump into expectations for this year, let’s set the stage by looking at some of the top events in 2019 that may have affected global shipping strategies around the world. .

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 (November 5-9, 2018)

Talking Logistics

Robinson , Descartes Systems Group , MercuryGate , Transplace , Opus9 , Paragon , and TranzAct Technologies. Okay, turning the corner, here’s the supply chain and logistics news that caught my attention this week: Amazon offers free shipping on all orders for the holidays (CNN). Hub Group To Acquire CaseStack, Inc. Hunt Locked in Freight Revenue Dispute (WSJ – sub. Shipping Rates to Increase for FedEx Express, FedEx Ground and FedEx Freight Services.

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. Shipping routes and truck sales have been severely impacted. 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.

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.

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.

This Week in Logistics News (September 19-23, 2016)

Talking Logistics

PTV Group acquires DPS International Ltd. FedEx to Increase Shipping Rates for Express, Ground and Freight Services. Cass Freight Index August 2016. July 2016 North American Freight Numbers. Mergers/Acquisitions Regulations Supply Chain Technology Trends Transportation Management 3D printing CTSI-Global DPS International driverless cars drones FAA FedEx PTV Group UPS

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What Can Freight Forwarding Learn from Airbnb? – A guest post from Container xChange

Freightos

While people find it easy to book things like accommodations online, container owners and freight forwarders or shippers looking for available Shipper Owned Containers (SOCs) often still struggle to connect with trusted partners. Traditionally, freight forwarders have needed to attend conferences to find new partners, ask people in their existing network “if they know anyone,” search on LinkedIn or even send mass emails to their mailing list with low chances of success. .

5 More Common Sense, Yet Often Forgotten Basics for Less Than Truckload Shipping

Cerasis

A few months ago we wrote a tongue in cheek post about 5 Upfront Tips you can do to save on less than truckload shipping (a capitalization of Less than truckload). We say “tongue in cheek” because when we have distributed some of the fundamental and basic best practices around tips when shipping LTL, experts in social media, primarily LinkedIn Groups, would state how rudimentary, 101, or basic the tips were. Print out whatever you have for that freight.