Freight Audit: 10 Freight Invoice Considerations Impacting Spend

Intelligent Audit

While traditionally these programs are called freight audits, it isn’t solely about LTL or FT. Freight Invoice Error Rates Remain a Constant Threat. But how often does a freight invoice contain errors? Single Source of Truth.

Frost & Sullivan: Freightera Among Key Automated Freight Solutions in North America

Freightera

Frost & Sullivan places Freightera among ‘Key Automated On-Demand Brokerage Solutions in North America’ along with Uber Freight and Convoy. 15, 2019 /PRNewswire/ – Frost & Sullivan, the top 25 global market research and analysis firm, just placed Canadian startup Freightera among the leading global freight digitization startups in their new report “Global Digital Freight Brokerage Market Opportunities, Forecast to 2025.”

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What’s Next for a Bubbling Freight Market?

Zipline Logistics

Despite a pandemic that has disrupted many parts of the global supply chain, the freight market has been on a recent tear. Simply put, there is more freight than available trucks, which has severely tightened capacity and driven up rates. What’s Causing Upward Freight Market Trends?

Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. But I’ve seen instances where Freight is one of the top 5 largest expenses within a company. Aside from the cost impact the service implications of a poor Freight management system are enormous.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

In addition, with 80% of global car production requiring parts from China, the shutdown made it difficult for global vehicle makers within China and elsewhere around the world to source parts required for building cars.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

Over the past several months, China has been the main source for PPE. So, it’s important you’re up to date on the latest regulations to avoid your freight being held up. Metered freight solutions. As ocean freight catches up, it can significantly reduce your freight spend.

The Lowdown on Shipping: Parcel, LTL, and FTL

SupplyPike

Freight and parcel shipping. What is Freight? Freight is defined as commercial goods or cargo carried across land, sea, or air. There are several types of freight including truck, rail, air, ocean (vessel), and pipeline. In 2017 alone, over $1 trillion in goods were moved by freight across North America, with truck continuing to be the most heavily utilized mode at $721 billion. Image source. What are the different types of truck freight?

China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Ocean Freight. Air Freight.

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The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy.

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This Week in Logistics News (December 5-9, 2016)

Talking Logistics

The sky and what’s beyond, an endless source of creativity and imagination for kids and adults alike. DAT’s Accelerated Freight Matching Launches with New Load Board App for Carriers and Paperless Onboarding Service for Brokers. R2 Freight & Logistics, Inc. October Air Freight Demand Up 8.2% – Fastest Growth in 18 Months (IATA). Ryder has a network of over 800 service locations in North America today.

Bringing It All Back Home – OTR TMS Supports Reversion to Regional Manufacturing

Supply Chain Collaborator

Will the trend toward a return to “regional manufacturing” boost volumes in over the road transportation in North America as manufacturers move away from Asian overseas operations?

8 Green Freight Trends to Watch in 2017

Freightera

Demand for greener freight transport is coming primarily from the largest companies. Lowest cost freight transport will increasingly be lower emission as well. Freight shippers increasingly realize that you can have both highly efficient low cost service and low emissions at the same time. In 2017 highly efficient firms will continue to source as locally as possible. Long haul overland freight will increasingly move by rail for lower rates and emissions.

This Week in Logistics News (July 15-19, 2013)

Talking Logistics

Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. A natural starting point is the level of single, or sole sourcing, that is put in place. A sole source is a supplier selected because they are uniquely able to provide the materials or components, whether by virtue of intellectual property or other means of going to market with exclusivity.

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Top Trucking Influencers to Watch in 2021

Turvo

The top trucking influencers will remain a valuable source of information. According to the American Trucking Associations , “America’s trucking industry is the lifeblood of the U.S. of all freight transported in the United States in 2019, equating to 11.84

This Week in Logistics News (October 1-5, 2018)

Talking Logistics

For Cloud Logistics, this acquisition will help the company expand its solution footprint (which today is mostly over-the-road and intermodal transportation) and grow its geographic presence beyond North America. Reduce cold chain risk with live temperature control – Track temperature in real-time across cold chains via connections to a wide variety of IoT sources, allowing users to receive alerts as soon as exceptions occur to ensure freshness and avoid loss.

Time to Squeeze Carriers for Better Rates?

Talking Logistics

There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, dropped 0.4 percent in December from November , with December 2015 freight shipments down 2.0

Top 15 Biggest 3PLs in the US - 2017

Material Handling & Logistics

CEVA Logistics (The Americas). CEVA Logistics (The Americas). Source ID. CEVA Logistics provides both freight management and contract logistics services for a range of customers across all sectors. The company provides comprehensive freight forwarding services across all modes, domestic and international, including customs house brokerage and door-to-door ground services. Source ID. Source ID. DB Schenker (The Americas). Source ID.

Parade now utilizes DAT RateView

Parade

The integration - born out of the growing expectation for freight brokerages to become natively digital - will provide Parade customers with access to DAT’s RateView. This will grant them access to current and historical freight rates on more than 65,000 lanes across North America.

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Sourcing products and raw materials from locations that are near the end-market helps reduce transportation costs. Around a 26 percent increase is expected for this trend, significantly in Europe, while onshoring will increase in North America. Keeping all this in mind can help companies enhance revenue by saving on shelf space and freight cost. Think about the supply chain of virtually every consumer good.

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Sourcing products and raw materials from locations that are near the end-market helps reduce transportation costs. Around a 26 percent increase is expected for this trend, significantly in Europe, while onshoring will increase in North America. Keeping all this in mind can help companies enhance revenue by saving on shelf space and freight cost. Think about the supply chain of virtually every consumer good.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. They have operations in North America and Europe.

Freightera’s New Redesign Takes Instant Online Freight Quotes to the Next Level

Freightera

Shippers can now get instant freight quotes without creating accounts. 7, 2017 – Just in time for the busy fall shipping season, the Canadian startup serving businesses with instant freight quotes and online bookings unveiled its break-through redesign. Freightera also opened the first lanes automating refrigerated less than truckload and full truckload freight. Freightera is creating a unified global marketplace for freight transportation. SOURCE Freightera.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. Digital Freight. I spend the bulk of my time these days reviewing young technology companies primarily in North America, Europe, and Latin America,” said Dan. “I

Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more. Source ID. Source ID. Source ID. Source ID. Source ID. The electronic validation program made its debut at Port Everglades in Florida to exporters needing to ship used vehicles from South Florida to destinations throughout the Caribbean, Central America and beyond. Source ID. Source ID. Source ID. Source ID.

Mitigate Logistics Disruptions Due to COVID-19

Transplace

With access to more than $11 billion in freight-under-management, shippers benefit from artificial intelligence (AI), machine learning, and predictive analytics to make data-backed decisions,optimize supply chain strategies, and mitigate logistics disruptions.

Pillars to a Successful Transportation Experience: Carrier Management

CH Robinson Logistics

Complex routes or freight may require a specialized or dedicated provider. In other words, small carriers own most of the available capacity in North America. Time truly equals money when it comes to air freight. Sources: * IANA. Pillars to a Successful Transportation Experience: Carrier Management | Transportfolio. As the market continues to tighten, what’s your transportation strategy for handling fluctuations? An unclear plan may let you down.

Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

If you haven’t already, start discussions with your freight forward around production planning and forecasting. Backup sourcing options. When there is any kind of delayed start to production, keeping up with the workload poses a challenge, and backup sources may need to be considered.

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

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. oil sector, has created pretty thin capacity margins, especially in the Central North part of the country. Lastly, air freight has been increasing rapidly over the past decade - a trend I suspect will continue.

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Logistics Trends Part 2

BluJay Solutions

Global manufacturers have found ways in which to flex their supply chains to utilize lower cost sea freight rather than more expensive air cargo. Even higher value producers, such as consumer electronics companies, have adopted sea freight strategies, although air cargo uplift is often employed to meet the global demands of new product releases. This has a profound effect on freight forwarders. First Trend: Yield Dilution.

Extreme Global Weather Set to Continue – What’s the Supply Chain Impact (Part 1)?

BluJay Solutions

According to figures issued recently by the UN's World Meteorological Organization (WMO), which monitors global weather, the first six weeks of 2014 saw extreme weather occur almost simultaneously in countries across the globe, from significant snowfall in North America to damaging storms and floods in the United Kingdom, to heat waves in Brazil, Southern Africa and Australia and even snow in Vietnam. .

Seasoned Leadership in Action™ – An Interview with Bronwen Hann, President at Argentus

Supply Chain Game Changer

I consulted with some of the contacts I’d built at the executive level across North America. We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain. Consumers are rightly demanding to know exactly where their products are coming from, and whether they’re ethically sourced. Subscribe Here! Email Address. 6 Reasons Supply Chain Employees Look For New Jobs!

A Gloomy Future for the Port of Los Angeles?

The UCLA Anderson Global Supply Chain Blog

In June 2016, the Panama Canal will double its capacity, and this capacity expansion will undoubtedly reshape the freight flows around the globe, including those transiting through the Port of Los Angeles (click here for a past blog related to this subject). This increase in bottleneck capacity will undoubtedly reshape the freight flows between Asia and North America. Sources: https://en.wikipedia.org/wiki/Panama_Canal. [link] /. Guillaume Roels.

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

GlobalTranz

The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. According to Brian Daniels, the powertrain products manager for Daimler Trucks of North America, drivers are directly responsible for 30 percent of the factors that affect fuel economy. “ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo. Lean is a new way of doing business.

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The need to know

EFT

Softbank pulls investment from Credit Suisse supply chain funds: sources. e-commerce firm planning to keep a minority stake, two sources familiar with the matter told Reuters on Monday. The need to know from Reuters global network of journalists.