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. As a strategic process, transportation procurement may still seem very tedious and challenging.

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. And until recently, he was an archtypical “insider”, an executive at one of the world’s largest and most respected forwarders, DB Schenker, where he was responsible for the New York market. Declining Freight Rates.

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Bring Out the Best in Your Supply Chain

Kinaxis

Professor of Supply Chain Procurement at Rutgers University), the article discusses some key traits held by the best supply chain managers. The Port of New York and New Jersey was hit hard, and they “had about 24 hours’ notice before Sandy hit,” she said. A Norfolk-based railway company (CSX) then created a new rail route to New York to help get shipments back there until the port was repaired.

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information. Ocean freight is split into 14!

This Week in Logistics News (April 29 – May 3, 2019)

Talking Logistics

I received a few questions yesterday about Indago , our new market research community for supply chain practitioners that benefits charities. Indago is a Latin word that means “to investigate, search out, try to find/procure by seeking.”. Moving on, here’s the supply chain and logistics news that caught my attention this week: Amazon’s Freight Push Rattles Logistics Sector (WSJ – sub. Amazon the Freight Broker. Freight is a very big and very fragmented pie.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. Those that look for new marketing opportunities despite the brittle trading conditions. These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply.

Time to turn around inventory falls by two days says new report

EFT

Customer demands for faster and faster service are having an effect across the supply chain finds eyefortransport’s new D3 2019 report. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder. Ryan White, Director of Freight Initiatives, New York City Economic Development Corporation. Indicative of this is the falling time retailers are taking to get returns back into their stock.

Automation in the supply chain to get major boost in 2019

EFT

A new report and industry survey from eyefortransport finds that automation is the top investment priority for retailers and manufacturers in 2019, particularly within the warehouse. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder. Ryan White, Director of Freight Initiatives, New York City Economic Development Corporation.

Letter from the CEO: Coronavirus Market Update

Transplace

Some LTL carriers are embargoing parts of New York for the NBG Service Center due to the total number of cases of coronavirus in these zip codes: 10801, 10802, 10804, and 10805. Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Also, provide weekly data and reports to operations and procurement teams. Letter from the CEO: Coronavirus Market Update. By: Frank McGuigan, Chief Executive Officer, Transplace.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. In 2017, the company opened a new distribution center in Indiana to accommodate rapid growth.

Letter from the CEO: Market Update April 2, 2020

Transplace

Carriers with business heavily in non-essential retail or automotive are scrambling to find new business to replace the idled capacity. New CLP and CDL issuance / testing restrictions. Many receiving facilities are experiencing a high volume of inbound freight. Some ports such as Savannah’s Georgia Ports Authority (GPA) have proactively opened new space where containers can be stored: +11k TEU additional capacity. Letter from the CEO: Market Update April 2, 2020.

The Top Logistics and Supply Chain Journalists & Thought Leaders to Know for 2020

Shipchain

His works remain expansive—from procurement through reverse logistics and even facilities management for the supply chain itself. . He’s also the author of the blog, Critical Cargoes, where he encourages the industry to upgrade systems and leverage new technology to improve supply chain processes and reduce unnecessary freight spend. . She previously wrote about New York cultural institutions, law firms, and corporate law.

Ryder Places First Medium-Duty Electric Vehicle Order with Chanje Energy and Begins to Roll Out Charging Stations

Supply Chain Network

markets, as well as in the Chicago and New York markets, with the latest technology in commercial electric vehicle (EV) charging. The roll out of our new electric vehicle offering reinforces Ryder’s leadership in commercial advanced vehicle technology solutions and demonstrates our commitment to identifying innovative ways to meet our customers’ transportation needs,” said Dennis Cooke, President, Global Fleet Management Solutions for Ryder. “We

This Week in Logistics News (April 17-21, 2017)

Talking Logistics

JDA Unleashes New Levels of Supply Chain Visibility Across its Portfolio with TransVoyant. Apple Gets Permit to Test Self-Driving Cars in California (New York Times). By aggregating orders from various geographic locations and coordinating apparel assembly processes on a large scale, the embodiments provide new ways to increase efficiency in apparel manufacturing.”. In case you’re wondering, my daughter did pass her driving test a couple of weeks ago.