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.

2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. Consumer Spending Shifts Will Continue To Impact The Truckload Freight Market. Tips for Controlling Truckload Freight Costs in 2021.

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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.

FedEx Freight reverses service suspensions after outcry from big retailers

The Supply Chain Journal

FedEx Freight (NYSE: FDX ) is walking back its recent abrupt suspension of service to a portion of its customer base after ruffling feathers of key stakeholders that made known their displeasure, according to communications from the company and logistics industry executives.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

Is Amazon In-Sourcing or Creating a New Service? You Already Know

GlobalTranz

The post Is Amazon In-Sourcing or Creating a New Service? E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there. Amazon.read More.

Stranger things: Air cargo becomes value play over ocean freight

The Supply Chain Journal

The price for shipping goods by air is nearly double what it was before the COVID pandemic, but ocean freight has become so expensive – and even slower – in recent months that air cargo actually seems like a relative bargain to many companies. Source: IATA).

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Why Logistics Service Providers & Shippers Use Freight Data to Gain Market Share

Turvo

By their very structure and nature, logistics and supply chain processes require multiple management levels. This is where freight data recording and analysis can help with the supply chain’s internal adding value. . The Costs of Not Using Freight Data in Managing Logistics.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

What Is Procurement in Freight

The Supply Chain Journal

For management, one of the most critical aspects of shipping and inventory management is the concept of procurement in freight. This essentially is the process of securing adequate capacity space to haul the freight. Freight Full Truckload Supply Chain Uncategorized

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

What’s the Difference Between Logistics and Distribution? In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. “Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. What is Freight Management?

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. This is our personal take on logistics news trends. Check out our Top Logistics Providers. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters.

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. State-of-the-art transportation management systems (TMS) certainly help with planning and execution, but advanced freight audit and payment processes are also vital toward obtaining complete process management results.

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Crowdsourced Delivery & Freight Auditing: How Technology Catches Errors & Provides Data

Intelligent Audit

Utilizing crowdsourced delivery and freight auditing within the logistics industry can generate value for those looking to decrease costs. Delivery and freight auditing can help increase the value of crowdsourcing strategies with the right partner.

LTL Capacity Best Practices in Times of Tight Freight Capacity

GlobalTranz

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. Meanwhile, LTL carriers struggle to meet on-demand needs, so shippers need to know a few LTL capacity best practices to ensure their freight can be moved on time and without added costs. Capacity Crunch Freight LTL

This Week in Logistics News (October 5-9, 2015)

Talking Logistics

Having spent much of this week on the road, I am still in catch-up mode with emails and phone calls, so let’s go straight to the supply chain and logistics news that caught my attention: Elemica Introduces New Sourcing Optimization Solution. MercuryGate Offers Leading TMS Solution to Freight Forwarders. APICS Announces New Certification Program Designed for Logistics, Transportation and Distribution Professionals.

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 blog to receive the full blog series via email and stay informed about the latest global logistics news and insight. .

Q3 2021 Trucking Trends and Freight Market Update

Zipline Logistics

The freight market has been on the receiving end of several systemic shocks that continue to affect industry providers and shippers alike. To get a clearer picture of what is happening in the freight market, let’s look at what’s causing this disequilibrium.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. Here are seven strategies to elevate freight management in an organization to build a more competitive supply chain advantage.

Talking Logistics: PINC and project44 Partnership Commentary

PINC

And yet, according to Logistics Management ’s most recent Technology Usage Study, only 8% of companies are currently using a yard management system (YMS). Source: Above the Fold: Supply Chain Logistics News (August 28, 2020). By Adrian Gonzalez.

Amid freight congestion, Matson launches fast-boat service to Oakland

The Supply Chain Journal

We have space on it,” Craig Grossgart, senior vice president, ocean, at SEKO Logistics, told American Shipper. SEKO has left no stone unturned in trying to arrange freight transport for its customers, including reserving an entire vessel for several months. Matson Inc.

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

GlobalTranz

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. These are places on social media and other websites where professionals share their know-how, experience and discuss topics of high interest to the logistics community. Let’s look at five of the top online communities for freight brokers. #1.

The 7 Freight Audit and Payment Best Practices

Intelligent Audit

One critical but often overlooked component of successful shipping and logistics management remains freight audit and payment processes. Create a Clear Strategy for Freight Audit and Payment. Freight audit and payment protocols can benefit significantly from automation.

6 Tips to Reduce Total Logistics Cost Using Freight Data & Analytics

Intelligent Audit

Data collected through automated data collection and logistics cost monitoring adds value. Since logistics costs vary, it is possible to reduce costs by embracing automation and data analytics. Focused efforts will reduce logistics costs. Uncategorized logistics costs

Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. We have exciting news at Freightos – we’re proud to announce that we’ve acquired WebCargoNet , a leading logistics technology provider. But this story is more about a vision for a better future of freight, than just another acquisition. In many respects, this should be a good time for the logistics industry. Two years ago they partnered with ECS Group to offer online freight booking.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

GlobalTranz

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics.

Logistics in the City

Enterra Insights

Logistics in the city might not be as entertaining as the television show “Sex in the City,” however, topically it’s more important. ” Of course, commuter traffic isn’t the only source of urban traffic congestion. ” One big stakeholder group she left out is logistics providers. The challenge of urban logistics. When it comes to urban logistics, the battle isn’t only about traffic flow it’s about curb space.

Insights for Developing, Executing, and Monitoring your Parcel Freight to Meet Demand

CH Robinson Logistics

Customers now expect reliability, speed, and convenience in their small parcel delivery experience and a company’s ability to meet those expectations can even be a source of differentiation. Recognize freight market conditions and current consumer expectations.

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.

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

GlobalTranz

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. For shippers, this means finding a way to handle changes in inventory and replenishment, as well as managing outbound freight and reverse logistics.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. One such problem is the increased risk of invoicing errors in the global logistics landscape.

6 Benefits of Transportation Consolidation Programs & How They Reduce Freight Spend

GlobalTranz

For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. To combat freight spend, supply chain entities have devoted huge investments and deployed developmental teams to find ways to improve efficiency, manage all parts of the manufacturing and shipping process, and eliminate all sources of delays. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates.

Xeneta providing rate transparency in turbulent ocean freight market

The Supply Chain Journal

Xeneta co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever. “In Oslo, Norway-based Xeneta, an ocean freight rate benchmarking and intelligence platform, announced Thursday it has closed its $28.5

Xeneta providing rate transparency in turbulent ocean freight market

The Supply Chain Journal

Xeneta co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever. “In Oslo, Norway-based Xeneta, an ocean freight rate benchmarking and intelligence platform, announced Thursday it has closed its $28.5

Freight Rate News November 2015

Freightos

Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. GET INSTANT INTERNATIONAL FREIGHT QUOTES.