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Jordan Graft and Joe Lynch discuss freight has an identity crisis, which refers to rampant fraud and double brokering in the transportation business. Jordan also served as an investment professional with TA Associates, a global private equity firm in Boston, Massachusetts, and as an investment analyst for J.P.
SupplyChain Education and Certification – What’s Missing? The world is becoming increasingly interconnected, and supplychain management has become a critical aspect of business operations. In this article, we will rank and describe the top 10 university SupplyChain management programs in the world.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supplychain topics. He is also the founder of the MIT FreightLab – a research initiative that focuses on improving the way freight transportation is designed, procured, and managed. He received a Ph.D.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. More than $728 million is on the way to communities around the nation to bolster intermodal freight infrastructure. And now on to this week’s logistics news.
Beagen has extensive experience in oceanborne commerce and maritime law, with specific emphasis on maritime transportation, Shipping Act issues, supplychain management, international antitrust law, and port and terminal operations. Port X Logistics provides drayage to and from all ports and ramps in the USA and Canada.
FreightWaves anticipates the heavy snowfall and strong winds will delay freight flows in the northeast throughout the week, impacting key freight markets like Harrisburg, PA, Allentown, PA, and Elizabeth, NJ. Source: CNN. Carriers and shippers should prepare for potential road closures on significant interstates, including: I-95.
Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods. 9, according to Xeneta, a Norway-based transportation data firm, reflecting lower freight demand as retailers cut orders and consumer spending continues to decline.
FreightPlus is honored to be recognized as one of the Top 100 Women-Led Businesses in Massachusetts for 2024, a testament to the company’s growth and excellence under the visionary leadership of President Jill Clifford. For more information about FreightPlus and its services, please visit www.freightplus.io.
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. Throughout the supplychain everyone has focused on efficiency, but they’ve overlooked the drivers,” says Dave Kodadek. On the surface, this sounds like a problem for carriers.
Logistics clusters play an increasingly important part in logistics & supplychain management. First, they are self-reinforcing in that logistics clusters use the high volumes of freight they generate to capture economies of scope and scale and reduce costs while improving service quality.
Metropolitan Bostonians take a lot of pride in the marathon as a major part of Patriots Day celebrations across Massachusetts. For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supplychain management.
policies, like OSRA 2022 and strategic efforts to move supplychains from China, are significantly reshaping the ocean shipping industry. Maritime Modernization: Policy Driven Changes in Ocean Shipping”, Joe Lynch and Lauren M. Beagen , the Founder of Squall Strategies and The Maritime Professor, discuss how recent U.S.
store operations by 9 percent over the past year, slashing hundreds of millions of dollars of goods from their balance sheets and suggesting space is opening up in their jammed supplychains. They include Massachusetts, New Jersey, New York, Oregon, Vermont and Washington state.
This post will be published in the fall 2013 issue of MIT CTL’s online newsletter SupplyChain Frontiers. These offerings include various professional courses, a PhD program, and the flagship MIT Zaragoza Master in Logistics & SupplyChain Management (ZLOG) full-time program. Subscribe to Frontiers here.
In the meantime, here’s this week’s supplychain and logistics news: Amazon Plans Air Cargo Service for Chinese Customers (WSJ – sub. warehouses from Chinese merchants selling on its site—taking on a role it previously left to global freight-transportation companies.” Stay tuned for more details in the weeks ahead.
Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supplychain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. A note from Steve Raetz, C.H. employed by an establishment that engages in truck transportation.
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. . Logistics? ? .
Our SupplyChain Matters This Week in SupplyChain Technology column reflects a number of significant recent announcements that depict an ongoing active cycle of tech developments. SupplyChain Matters will feature more in-depth commentary on this development at in a subsequent update.
As supplychain and transportation visibility is a hot topic for Logistics Managers and Directors, 3rd party logistics providers , who adopt this type of technology, are surely to reap the rewards of highly satisfied customers. He later co-founded the Auto-ID Center at the Massachusetts Institute of Technology.
With peak shipping season just around the corner, the logistics industry is looking forward to a smoother supplychain than previous years have provided. Looks for Savings in Freight Broker Contracts. After Eighty Years of Business, Family-Owned Colonial Freight Systems Announces Shut Down. Cash-Strapped U.P.S.
As the logistics industry continues to recover from pandemic-era supplychain disruptions, shippers are adjusting quickly to the expectations of a new normal. Falling ocean rates and volatile fuel costs have logistics professionals across the supplychain searching for innovative efficiency solutions throughout their operations.
Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. Knowing these timelines is crucial to supplychain planning. But knowing the general breakdown of crop production, state by state, can help your supplychain roll with the punches. Massachusetts.
The AGNE website states that while most of its business is in the six New England States (New Hampshire, Vermont, Maine, Connecticut, Massachusetts, and Rhode Island), it has expanded to upstate New York as well. “As On the tailwinds of COVID-19, we needed additional support to maintain our growing and evolving supplychain.
Today is going to be a fun one, sitting next to me is someone who in no way knows anything about freight, logistics, transportation or any of that. In fact it is one of our supplychain under 30. I am originally from Bridgewater Massachusetts, I am a rising sophomore at the University of Massachusetts Amherst.
Today is going to be a fun one, sitting next to me is someone who in no way knows anything about freight, logistics, transportation or any of that. In fact it is one of our supplychain under 30. I am originally from Bridgewater Massachusetts, I am a rising sophomore at the University of Massachusetts Amherst.
If your freight gets rejected by carriers, this probably means extra work and additional costs because you have to make alterations and go deeper into your route guide to get your freight shipped. Many aspects of supplychains, business processes, and policies can influence the attractiveness of truckload shipments.
It offers a finely tuned supplychain, with experienced suppliers, that will design, prototype, build and ship products at a fraction of the time it takes elsewhere. The agent act as your supplier and supplychain manager. You have essentially outsourced your entire supplychain to them. Where Do I Start?
Today’s Google self-driving car is not far removed from the vehicles that competed in the DARPA Challenge in 2007, according to Sertac Karaman, Assistant Professor of Aeronautics and Astronautics at the Massachusetts Institute of Technology. Karaman believes that self-drive vehicles will gain traction first in more pedestrian settings.
Logistics is one component of the overall supplychain and is impacted by supplychain changes. At the same time, an effective logistics strategy can improve supplychain management and overall supplychain performance. The benefit today is there are many options in logistics to analyze.
It’s difficult to picture the challenges of delivering freight in densely populated megacities without firsthand experience of navigating these population centers. Since 1982, São Paulo’s local government has been implementing and modifying various public policies to control the movement of freight traffic in targeted areas within the city.
In Massachusetts, the state is rolling out the Vax Express this week, which is a partnership between the MBTA and private health startup CIC Health. Starbucks facing supplychain shortages. The coffeehouse chain is having issues with such items as cups, coffee syrups, cake pops, cup stoppers, and mocha flavoring.
Lauren is maritime industry expert & lawyer who specializes in translating FMC regulations and breaking down supplychain silos. Beagen and Joe Lynch discuss big changes at the port brought on by the Ocean Shipping Reform Act of 2022 (OSRA 2022). About Lauren Beagen. About The Maritime Professor. About The Maritime Professor.
” SupplyChains and Sustainability As noted above, when Earth Day began, it was viewed as a protest against a century and a half of industrial development. 3] More often than not, when companies look to do better, they look to their supplychains. ” But: decarbonizing supplychains is hard.
Starting next week, Amazon will start actively recruiting existing small businesses in 23 states including Alabama, Alaska, Arkansas, California, Florida, Iowa, Indiana, Illinois, Massachusetts, Minnesota, North Carolina, North Dakota, New Jersey, New York, Ohio, South Dakota, and Washington. And now on to this week’s logistics news.
Here’s the obvious: supplychains are f*cked. Unfortunately, not all supplychain strategies are created equal. What trends are we seeing in refortifying supplychains and what do we predict will be most successful? And others are much more popular, but their impact and efficacy are low. Two popular trends?
The supplies are needed by doctors in the fight against the deadly Ebola virus, and the holdup highlights a worrying gap in the humanitarian supplychain. UPS collected the pallets on August 18 for Air Freight Consolidated service. This might appear to be a routine shipment delay, but it is not.
Currently, this has not made a substantial impact on the freight market, but we are seeing signs that the industry is beginning to recover. Additionally, according to Freight Waves, “outbound tender rejections have increased week-over-week for the first time since the OTRI peaked at 19.25% on March 28.”. Southeast Logistics.
This points to an ongoing trend, Armstrong notes, "for companies to outsource logistics functions to 3PLs in order to control costs and increase supplychain efficiency." CEVA Logistics provides both freight management and contract logistics services for a range of customers across all sectors. Ryder SupplyChain Solutions.
To effectively track each state’s progress in reopening and how freight is impacted, we will publish a market update for the coming weeks as the country eases out of lockdowns. . Increases in volumes started climbing this week steadily but still down 10-15% year-over-year according to Freight Waves’ Sonar indexes. .
Beagen has extensive experience in oceanborne commerce and maritime law, with specific emphasis on maritime transportation, Shipping Act issues, supplychain management, international antitrust law, and port and terminal operations. The number of ships waiting to enter the biggest U.S. Squall Strategies Website.
For those of us in Massachusetts, with the polar vortex bringing below freezing temperatures, this last part is rather difficult. Warehouse hiring data shows how supplychains flexed up for peak. Similarly, in the United States, government officials continue to ask people to practice social distancing and to restrict travel.
Last March, the Biden Administration announced “the launch of Freight Logistics Optimization Works (FLOW), an information sharing initiative to pilot key freight information exchange between parts of the goods movement supplychain.”[1] Data-sharing and SupplyChain Operations. ”[2].
A common theme is that they are ready to relocate supplychains if the cost of importing Chinese goods becomes prohibitive. One is rearranging our supplychain. Earnings reporting season is underway, and analysts are eager to hear from executives about how an escalating trade war between the U.S. 18 earnings call.
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