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Erika Voss and Joe Lynch discuss taking the uncertainty and risk out of freight. Erika is Vice President of Information Security at DAT Freight & Analytics, the largest truckload freight marketplace in North America. Erika holds a Ph.D.
Managing OTR transportation through disruption is a complex process. We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Let’s take a closer look at how to turn these practices into action. Across OTR Transportation Modes.
This includes the entry of the order, sourcing, payments, and fulfillment. The most critical applications are order management orchestration, warehouse management, transportation management, and global trade management. Planning and execution is focused on freight moves involving a carrier. You can watch the full video below.
Mary O’Connell and Joe Lynch discuss the Bloomberg of Freight. Check Call gives insights into the world around 3PLs and freight brokers. Check Call gives insights into the world around 3PLs and freight brokers. Key Takeaways: The Bloomberg of Freight. Access to freight pricing insights. About Mary O’Connell.
For example, a black swan event may include both the physical damage and ongoing disruption caused by a hurricane and subsequent bottlenecks, so shippers that know how to isolate the causes of poor visibility and areas that are likely to contribute to worsening of black swan events can effectively reduce their chances of coming to fruition.
The American Transportation Research Institute (ATRI) continues to rank driver shortages, driver retention, and the costs of extensive regulatory compliance on carrier operations as top concerns for carriers. Due to this awareness, freightsourcing is receiving increased interest from shippers. Ease of use is also essential.
Ultimately, sustainability benchmarking can help companies to understand whether their initiatives are effective and give guidance on how to make improvements. The dashboard is part of a broader Sustainability Hub, which allows companies to collaborate and access freight emissions from FourKites tracked freight.
Editor's Note: Today's blog is from Cindy Banker with ProCorr Display and Packaging who is bringing us some great insight on how to reduce product damage. Warehousing eats up about 25% and transportation 60%. Packaging and product damage during shipping is extremely common. Trucking Logistics.
<strong><em>If you think the price of fuel is the only element driving freight costs higher – </em><em>Think again! </em></strong> Introduction. Ground freight was then followed by 8.7% The best indicator of ground freight cost is the US Freight Rate Index, CPM (cost per mile).
CVSA-certified inspectors will commit a blitz of inspections across North America, creating a sudden strain on resources for both domestic and cross-border freight. The best way to avoid disruption is to source and have readily available resources to expand capacity at a moment’s notice. The overwhelming answer is “yes.”
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. That''s why we ask our experts a very simple question " How to improve the operational efficiency in global supply chain?
With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount.
Although applied throughout the organization, Cummins identified the elimination of transportation waste as an area that would have a significant impact. While all have added value, let’s take a closer look at contract carrier freight rationalization. Contract Carrier Freight Rationalization. Contracted Freight Rates.
LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. LTL capacity is quickly becoming harder to find, and full truckload carriers have already started to turn away freight. The added competition will help mitigate rate gains, but it is only a bandage over the problem.
Todays supply chains span thousands of miles, cross continents and oceans, rely on multiple modes of transportation, and involve many supplier tiers. Advanced digital software, enabled by artificial intelligence (AI) like the Blue Yonder Transportation Management solution are purpose-built to address the top causes of shipping delays.
Shippers need more labor to keep their transportation and distribution activities moving, but employees are becoming harder to find and more expensive to retain. As freight carrier rates and fuel prices rise, and competition for customers heats up, their margins are shrinking. In my recent blog post about the U.S.
Yes, we have achieved greater normalcy in transportation. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. The traditional leader values cost reduction but is blind on how to value time. Build in-market sourcing. What is normalcy? Shift in cycles.
Yet ANOTHER capacity crunch in the freight industry as consumers purchase beverages at the highest rate of the year. Beverage season in freight terms typically arrives in mid-to-late May and runs through mid-July. This causes other freight sectors to see spot-market rate increases as capacity moves with the demand of seasonal sales.
For instance, the capacity that is needed per shipment like the 2021 produce season transportation capacity outlook. But automation and sequential tendering processes within an advanced transportation management system (TMS) have given rise to the ability to manage by exception. Cybersecurity Concerns Remain.
Whilst people spend years learning the art of counting money, and businesses grapple on how to account for their revenues and expenses, counting carbon is a relatively new concept. Identifying sources of Carbon emissions. The current practice on how to measure greenhouse gases, is to organize things into three buckets.
With an educational and professional background in finance, Shannon joined the logistics industry in 2012 with Knight Transportation out of Phoenix, Arizona. In the podcast interview, Shannon and Joe discussed how and why Shannon and his partner, John Gamero Co-Founded FreightVana.
These influences are changing shipper and LSP transportation requirements in real time, which creates a need for designing the right solution to address those challenges. Designing a solution to better manage transportation involves a 3-step approach: Evaluate and understand the current state. Design the future state.
The major challenge faced by customers of real-time visibility data had always been how to operationalize what could quickly become overwhelming quantities of fast-changing information. This includes resolving issues autonomously, calling carriers, rerouting freight, and executing bookings.
These reports are how companies like Walmart, Target, Amazon, and others track your performance as a supplier. And if you’re not hitting the right numbers, your transportation strategy could be quietly eating into your margins. These infractions typically count against your scorecard. Was it a packaging issue?
Today’s digital networks enable continuous real-time optimization where demand signals update instantly across all nodes, inventory positions adjust dynamically, and transportation and warehouse plans reconfigure automatically in response to changing conditions. Second, visibility is expanding from enterprise-centric to ecosystem-wide.
By the end of this blog post, you will be able to not only understand what cost performance index is, but also know how to calculate it. What contexts can it be used in and how, as well as the benefits of using cost performance index in supply chain contexts. What is the Cost Performance Index (CPI)? The research paper by Winanda et.
Carrier Network Diversification A fundamental aspect of building a resilient transportation strategy is ensuring diversity within the carrier network. The post How to Build a Resilient Supply Chain appeared first on FreightPlus. Establishing Inventory Buffer Zones Inventory management is a critical aspect of a resilient supply chain.
Freight Audit may not be the sexiest aspect of transportation management, but that doesn’t mean it doesn’t play a critical role in helping companies effectively manage and control their transportation spend, as well as provide valuable insight to drive continuous improvement.
For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. Transportation takes time. Right Service.
These price changes can ripple through supply chains, affecting freight budgets and delivery schedules. How to Tackle It Monitor Market Trends : Stay informed about industry pricing trends and adjust your logistics strategies. This unpredictability can create capacity challenges and increase transportation costs.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. What it doesn’t necessarily mean is simply transporting those Chinese mega-factories to another hemisphere. It could even entail some degree of domestic production.
“This year, I believe we’re going to see higher investments in supply chain technology as well as a change in leadership styles to complement these investments,” says Radu Palamariu, MD of Alcott Global and Global Head of Supply Chain & Logistics Practice, co-author of From Source to Sold. Legacy tracking methods (eg.
Transportation is a complex system, and even minor inefficiencies can have a ripple effect. This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. We’ll delve into each challenge and explore potential solutions: 1.
The Green Corridor: The Emissions of Work – How to Make a Green Working Culture by Timothy Foote , Founder of Susymbio In this month’s Green Corridor, I wanted to talk about the emissions generated by a workforce physically going to work. We can see the exhaust coming out of tailpipes from cars and trucks.
Spiraling transportation costs, tariff shifts and increased expectations for customer service sparks new interest in supply chain planning. Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. In transportation planning, carriers are assigned by strategic bidding.
But how to do this was very ambiguous. The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions. A 4PL is a company that plans and executes transportation on behalf of their customers. One of those companies was Aera Technology.
How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Increased Shipping Costs, Delays, and Transportation Issues. How Labor Shortages Have Hurt the Supply Chain. How Businesses and Supply Chain Professionals are Responding to Disruption. Source: Consultancy.UK. Image source: Fortune.
How to properly optimize your logistics network with network design. Ten candidates that can service 5,000 customers means the transportation table must contain 50,000 rows of statistically consistent data. Inbound sourcing costs and constraints need to be part of the objective function. The Challenge.
We’ve been providing manufacturing companies and shippers with a web-based transportation management system since 1998, before web-based TMS was as prolific as it is today. In the 1980s, most tech geeks were still busting their brains over how to develop personal computers and entertainment consoles for the masses.
Lost labels and mislabelled freight result in delays, loss of customer confidence and damage to your business reputation. To combat the problem here’s a way to improve freight labeling for transport and logistics management. Lost labels and mislabelled freight are irritating. Mislabelled freight is also prone to damage.
Let me find new routes, new supply chain sources, new ideas. The more data you put into that, you’ll be able to create new scenarios on how to solve those types of things. “AI, digital twins, computer vision, I would say the intersection between those three is quite amazing,” Agmoni told FreightWaves in an interview.
Logistics & Transportation Failures: Port congestion, rising freight costs, and fuel shortages. Increased costs due to emergency sourcing. Regulatory Compliance: Ensures adherence to industry laws, ESG policies, and ethical sourcing. Get Access Now How to Implement a Resilient Procurement Strategy?
For transportation and logistics – the revolution to decarbonize is likewise well underway. As a sustainable logistics consultant I’m often reading up on how technology is evolving in the energy sector. Fossil fuel proponents like to claim that oil and coal are the only “rainy day” energy source out there.
In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs. What is Freight Management?
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