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Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. TRAMES is all about International Freight Orchestration (IFO). a) Across the various actors in any single transport chain. c) Digital Freight Forwarders.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

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The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight is unique. Freight sourcing is as unique and complex as the transportation industry itself.

How Collaborative Transportation Management Provides Access to More Freight Capacity

Turvo

Fortunately, shippers, carriers, brokers, and third-party logistics providers (3PLs) that take the time to consider how collaborative transportation management can benefit operations have an opportunity to increase efficiency and available transportation capacity.

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. Tracking global commerce activity across the entire transportation lifecycle – beginning with planning, including execution, and through settlement—is key for businesses to thrive on a global level.

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Top Transportation Management and Transportation Articles of 2015

Cerasis

We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . We will then conclude the 5 main categories by featuring the top 10 freight articles of 2015. Top 10 Most Read Transportation Management and Transportation Articles of 2015. We hope you find the following top 10 transportation articles from 2015 educational and helpful!

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. Best-in-class global transportation is based on command and control competencies that create flexible and resilient transportation capabilities.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re Here are some details from the press release: LeanFleet allows shippers to plan and execute their private fleet and contract carriers on the same platform, providing visibility across the entire transportation network.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

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. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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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. Yet there is so to learn about it - and learn it fast, so that you can be a competitive member of the transportation community. 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.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our Logistics Newsletter to receive regular industry updates . The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

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. Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. Freight Logistics

Freight Rates News October 2015

Freightos

Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters. Seemingly all international freight indices are down. China to restructure/shut down some “zombie” industries.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . It is rare today to read the Wall Street Journal or listen to an earnings call without hearing about the impact of rising transportation costs.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products. Best-in-class global transportation is based on command and control competencies that create flexible and resilient transportation capabilities.

How Does Transportation Affect Logistics?

Abivin

Transportation is an inseparable component of logistics. While the sights of trucks and trains carrying products of a company or parked at a business facility are common, few people understand how much the economy depends on economic and reliable transport. Image Source) 1. What is transportation? Transportation is one of the largest industries in the world. Transportation is a key element in the logistic chain. Image Source) 2.

10 Tips To Be A Successful Freight Broker!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who work as intermediaries between shippers and carriers. Licensed freight brokers operate around the country in various markets, helping make the transport of goods a reality for their customers. Gain Experience in the Industry. Subscribe Here!

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Intra-company and intercompany, across the supply chain and across the globe, from the operator level to the management suite, information on all aspects of production, manufacturing, sourcing, and distribution is increasingly visible and accessible at all levels, so that appropriate decisions can be made and applied. Gaining end-to-end visibility across your transportation processes delivers: $32.00 Freight Cost Management eliminates post-audits and disputes.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. 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. For blockchain to become a viable tool for freight, commercial standards need to be put in place.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. The connecting element is the availability of transport details and accurate data.

COP21 – Freight and Climate Change

Freightos

The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. But zooming out to freight as a whole, we found that the freight industry’s contribution to total GHG (Green House Gasses) is about 10% for developed countries (and much more for developing countries). Finding freight’s contribution to GHG took a lot of digging. . and Green Freight Europe.

The State of the Freight Broker Industry: Hundreds Leaving Soon?

Cerasis

Editor's Note: This is a guest blog from our friends at Bryant Surety Bonds where they discuss the current, potentially fragile state of the freight broker industry. According to data provided by My Carrier Resources, more brokers leave the industry between September and November than during other months of the year. Is the Freight Broker Industry in Decline? Why are more freight brokers leaving now than during other months? Freight Broker Info

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

Want a Better Supply Chain? Here Are 4 Reasons to Outsource Your Transportation Management

Talking Logistics

Now more so than ever, corporations understand the tremendous impact logistics and transportation can have on their overall business performance and are taking meaningful strides to optimize their supply chain operations. While some organizations have the human capital, industry depth and expertise, and IT infrastructure to manage their transportation on an insourced basis, a majority do not. Source: Armstrong & Associates.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 GPCA confirms GCC chemical industry’s key problem is ensuring a smooth flow of raw materials to reach production plants across the globe for finished good production.” But the chemical industry is still lagging in digitisation.

7 Steps to Pick and Implement Freight Analytics During Peak Season

Intelligent Audit

A well-thought-out freight analytics plan can make all the difference in maximizing profits, reducing costs, and staying ahead of the competition. Several other factors can play into the growing shift toward data-driven freight management. Source Your Data Connections.

7 Freight Costs Considerations That Will Have Shippers Rethinking In-House Transportation Management

Cerasis

Freight costs are eminently controllable, however, efficiently managing this major budget item requires expertise. In the complex world of modern transportation, companies lacking the experience to professionally handle the intricacies of transportation management are sure to find controlling shipping costs an extreme challenge. Here are just some of the typical issues that businesses encounter in undertaking self-management of freight transportation management.

How Cummins Power Generation Used Lean Six Sigma to Achieve Significant Transportation Savings

Talking Logistics

Now more than ever, companies – regardless of industry – are looking for ways to improve customer service while also cutting costs and growing the top line. 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.

How Technology Empowers Freight Brokers to Work Smarter, Not Harder, to Drive Profitability

Talking Logistics

Working smarter, not harder, is critical for everybody in transportation today, but it’s especially important for freight brokers in light of the increased competition in the marketplace and the ever-more demanding expectations of shippers. What does “working smarter, not harder” mean for freight brokers? What are the biggest drivers of cost and inefficiency in the industry? Current challenges for freight brokers. Brokers use many sources to find capacity.

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic. Transportation information is foundational to managing any global supply chain.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Blockchain is Coming to Transportation – Here’s How

Talking Logistics

The transportation industry has long discussed blockchain with a healthy dose of skepticism or has taken a wait-and-see approach to its adoption. The industry has traditionally struggled with visibility, but there have been some significant advances of late. A modern, multi-modal Tier 1 TMS can now take data from all sources, cleanse it and use it. Even though most have little-to-no IT support or technology, they dominate a mode of transportation that can’t be ignored.

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Are there other transportation trends to watch and why

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Five Main Stakeholders Involved In Transportation Decision

Abivin

There are five main stakeholders involved in the transportation decisions: the shipper, the receiver, carriers and agents, the government and the consumer. To understand the complexity of the transportation environment, it is helpful to be aware of the role and perspective for each party 1. The shipper (consignor) All transportation process begins with a company transferring its goods from a warehouse to another place such as distributors , customers or even another warehouse.