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Keeping shipping costs under control is no small task — and unpredictable freight fuel surcharges make it even tougher. These added charges help carriers deal with fuel price volatility, but they can shift dramatically from week to week. To stay ahead, you need a clear strategy for understanding and forecasting these charges.
Through innovative technology and strategic collaboration, CrimsonLogic and Newage are set to enhance efficiency and transparency in freight management and customs processes. This integration, which went live last month, aims to simplify customs compliance for freight forwarders across North America — starting with Canada.
Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Reducing dependency on fossil fuels can mitigate these risks and improve operational predictability.
are expected to rise by $3,000 to $12,000 per car, forcing manufacturers to either pass costs to consumers or cut production. production at its South Carolina plant to reduce reliance on North American imports. This includes: Increasing domestic supply chain investments, reducing dependence on cross-border components.
Most organizations have public commitments to reduce their carbon footprint, with some of the more aggressive goals promising net zero emissions as early as 2040. Freight transportation makes up over 10% of total global carbon emissions. Reducing emissions from transportation is crucial to achieving organizations sustainability goals.
Just when shippers catch a break, the landscape shifts again, forcing procurement teams to adjust strategies in real time. tariffs are reshaping freight. tariffs are reshaping freight. Xenetas data comprises over 500 million contracted container and air freight rates and covers over 170,000 global trade routes.
As businesses grow, so do the complexities of managing freight logistics. Whether you're a small startup or an established business, choosing the right freight shipping service provider can be a game changer. A freight broker serves as the intermediary between shippers and carriers.
It's a collaborative relationship that can streamline and elevate your freight shipping operations. With expertise, technology and carrier access, a skilled 3PL company can help you unlock greater efficiency, reduce shipping costs and build supply chain resilience. Are we using the optimal mix of freight shipping modes for our needs?
Whether you're shipping less-than-truckload (LTL) or truckload (TL) freight , one document keeps your shipment moving smoothly: the bill of lading (BOL). More than just paperwork, it serves as a contract, a receipt and a key legal reference throughout your freight's journey. Getting it right ensures your freight moves smoothly.
In alignment with its end-to-end supply chain strategy, Blue Yonder will now be able to assist its customers in automating the collection and exchange of shipment data from logistics suppliers, facilitating accredited and traceable emissions calculations across all transportation modes, including air, inland (truck, rail, barge), and sea.
By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. The company says its new approach uses agentic AI to transform consumer feedback into profitable retail growth strategies. AI can help.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. In response, major freight operators have recently acquired advanced battery technology firms to accelerate fleet electrification.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Yet, researchers and industry experts argue the labor market functions well when freight demand is strong. A December 2024 study by Professors Jonathan Phares, Jason Miller, and Stephen Burks, published by the Association for Supply Chain Management, shows carriers hire drivers when freight demand rises and reduce staff when it falls.
Freight and cargo tariffs are essential components of international trade, especially in a global hub like Dubai. This guide will break down the various elements of freight tariffs, providing insights into how businesses can manage and predict shipping costs more effectively. What Are Freight and Cargo Tariffs?
Companies now must make strategic decisions regarding pricing, shipping, supply chains and overall logistics. Create Short-Term and Long-Term Shipping Strategies Tip: To successfully navigate import tariff challenges, it's essential to have both short-term and long-term shipping strategies in place.
Demand forecasting in supply chain management is the process of predicting customer demand, supply trends, and pricing fluctuations. To help you stay ahead, here are four strategies that supply chains leaders are using to win at demand forecasting. weather, social media trends).
Demand forecasting in supply chain management is the process of predicting customer demand, supply trends, and pricing fluctuations. To help you stay ahead, here are four strategies that supply chains leaders are using to win at demand forecasting. weather, social media trends).
Historically, this holiday period is characterized by heightened freight activities driven by an increase in consumer spending and the need for timely distributions of goods as various industries prepare for summer events and promotions. The Fourth of July is a significant benchmark for the U.S. Chart: SONAR.
In April, freight company HLS Group reported 80 canceled sailings from China as trade tensions with the U.S. To keep operations and supply chains stable amid the volatility of today’s global trade dynamics, companies need a freightstrategy that can flex under pressure. intensified. That means going multimodal.
railroad landscape, creating a single-line transcontinental network poised to redefine freight transportation. By eliminating interchanges at major hubs like Chicago, Memphis, and New Orleans—a common bottleneck in the current system—shippers can expect reduced transit times and potentially lower costs.
The adoption of AI in supply chain automation is enabling companies to make more accurate decisions, reduce cycle times, and better manage complexity. Use Cases: Spend Analytics: Machine learning models analyze historical purchasing behavior to identify opportunities for cost reduction, supplier consolidation, and policy enforcement.
If your business depends on freight shipping, you've likely felt the effects of a world that seems to change overnight. When tariffs rise, fuel prices spike or international trade agreements shift, those cause ripples across all freight modes — truck, air, rail and ocean. Natural disasters. Tariff swings.
Home Tariffs, Peak Season Lulls and More – July 16, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Europe prices (FBX11 Weekly) increased 4% to $3,509/FEU. Europe prices (FBX11 Weekly) increased 4% to $3,509/FEU. China – N.
Subscribe The Supply Chain Carbon Footprint ReductionStrategy! Companies across the globe are making concerted efforts to reduce their carbon footprints, ensuring that their practices are environmentally friendly while also maintaining efficiency and cost-effectiveness. Key Strategies for Reducing Carbon Footprint 1.
Home Container rates surging as shippers rush ahead of deadlines – June 10, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. America weekly prices fell 1% to $5.27/kg.
Against this backdrop, one factor stands out as both a risk and key opportunity: pricing. To be precise, the ability to adjust pricing and pricingstrategies in real-time, grounded in data and tailored to specific markets, has emerged as the most effective way to shield and even grow profits.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
To achieve greater product differentiation and reduce expenses, companies are outsourcing design and development work to contract manufacturers (CMs) and other domain experts. Historically, manufacturers would offshore their operations to reduce labor costs; however, times have changed. Moreover, U.S.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
At Expedite All, he enhances freight safety, leveraging a secure network of 9,000+ small trucks nationwide. Expedite All: A freight brokerage company that connects smaller carriers and owner-operators with shippers needing expedited shipping services.
That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses. It cuts costs yet helps maintain product quality and smooth operations. Negotiate better contract terms.
Supply chain software provider Descartes announced Wednesday that it is cutting its workforce by 7%, or roughly 200 people. The action is in response to “uncertain times for customers” as a rapidly changing trade landscape weighs on the freight industry.
AI has the potential to truly eliminate these boundaries by integrating departmental workflows. AI also improves the efficiency and cost-effectiveness of supply chain operations, both in terms of automating processes, and finding ways to refine pricingstrategies and take advantage of forecast trends. And the cherry on top?
Neal Huffman and Joe Lynch discuss Farelanes: real time lane pricing for everyone. Neal is the Chief Executive Officer and Co-founder of Farelanes, a company specializing in providing real-time lane pricing data for the logistics industry. Farelanes Gold: Aimed at shippers, offering comprehensive pricing insights.
The logistics industry is navigating a period of rapid change as economic shifts, rising fuel costs, regulatory updates and digital transportation are accelerating the need for flexible logistics strategies across the supply chain. Fill out the form below to view the full report!
And instead of lamenting their detrimental impact after the fact, logistics professionals would do better to learn lessons and develop strategies to be prepared for the inevitable next disruption. To determining which tools can help execute that strategy.
Los Angeles-based tech logistics company Warp announced Friday it has secured a $10 million Series A round to scale its AI-powered freight network via robotics and automation. Warp’s approach doesn’t just optimize freight,” said Ally Warson, partner at Up.Partners, in the release. “It It redefines it.
The purchase price for the acquisition was approximately $112.7 Cost Reduction Initiatives Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. Additions to property and equipment (1.9)
FedEx has been dabbling with dynamic pricing since it launched its Network 2.0 strategy in 2022 during its investor conference. "I Indeed, the use of dynamic pricing in the parcel market is helping FedEx and UPS to protect their revenue per package as volumes, in general, slip.
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There are many ways an organization can cut supply chain costs. While there are no short-term fixes, enterprises should prioritize areas where they can make the quickest gains to reduce costs. This involves rigorous supplier selection, negotiation of pricing, quality standards, and delivery schedules, fostering trust and consistency.
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