Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

LogiSYM Digital 2020: COVID-19 Is A Wake-Up Call for Supply Chains to Ramp Up Business Continuity & Security – LogiSYM August 2020

The Logistics & Supply Chain Management Society

With COVID-19 disruptions, many companies are grappling with security issues and facing challenges to stay in the game. With the boom of eCommerce and the shift towards last mile delivery, information security gaps will mean gaps in supply chain.

8 Freight Shipping Trends Shippers Must Know for 2017

Cerasis

The freight industry of today is evolving rapidly. It is no longer bound by the traditional constraints of the economy, and Amazon is gearing up to begin expanding to be the best of the global freight shipping providers. As a result, your company needs to think about these freight shipping trends and how you can prepare to respond to them as soon as possible. 8 Freight Shipping Trends Shippers Must Know for 2017. Hours of Service Will Become Core to Freight Operations.

LTL Capacity Best Practices in Times of Tight Freight Capacity

Cerasis

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

Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?). WebCargoNet’s focus has been more on the carrier-forwarder relationship and has also placed more focus on air freight. Freight Insights News

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. In 2014, Vitalik Buterin and his team developed a public, open-source blockchain-based computing platform that is known as Ethereum. This incident really calls the security of public blockchains into question. Christopher Tang.

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

How to Protect Your Freight From Cargo Thieves

GTG Technology Group

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. Cargo thieves can take advantage of opportunities for crime, such as low security at a cargo hold, to steal thousands of dollars worth of cargo. When drivers do need to stop for a long period of time, arrange rest breaks at safe truck stop locations with adequate security measures. Utilize Low-Tech Security. Sources: [link].

Cargo 36

Renewed Focus on Supply Chain Security as Hackers Target Container Terminals

BluJay Solutions

However recent reports from Europol, Europe's crime fighting agency, highlight that ocean freight is now a target for criminal on criminal activity, with an ongoing court case involving organized criminals recruiting hackers to bypass port security systems in order to locate and intercept containers where illegal drugs had been hidden in order to be smuggled into Europe. Source: BBC News.

10 Tips To Be A Successful Freight Broker!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! Licensed freight brokers operate around the country in various markets, helping make the transport of goods a reality for their customers. Currently, more than 17,000 freight brokers work in the United States, either as independent businesses or as part of a team. However, not all freight brokers experience the same degree of success in their profession. The post 10 Tips To Be A Successful Freight Broker!

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Fuller, who is also chief executive officer of freight market analytics provider FreightWaves , saw the suitability of a technology that originally was created to support the trading of Bitcoin and other cryptocurrencies. There was a perfect storm in terms of interest in the technology and how it would potentially impact the freight industry,” Fuller says. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

How Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. Doing so can help freight brokerages automate unnecessary grunt-work, streamline operations, and scale carrier engagement. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. Brokerage data is typically shared via a secure email or webpage.

How Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. Doing so can help freight brokerages automate unnecessary grunt-work, streamline operations, and scale carrier engagement. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. Brokerage data is typically shared via a secure email or webpage.

How Parade Secures and Protects Your Freight Brokerage’s Data

Parade

Freight brokerages who want to benefit from technology solutions like Parade must first be willing to give their technology partners access to data about their carriers and load opportunities. Doing so can help freight brokerages. So, in this post, I outline Parade’s approach to securing your data and ensuring your privacy. We pride ourselves on maintaining separation of data amongst our customers, protecting their privacy, and securing their data.

Blockchain: A Single, Immutable, Serialized Source of Truth

Material Handling & Logistics

Blockchain technology could help introduce higher levels of security to and confidence in supply chain transactions. A blockchain is a secure, digital ledger of data, organized in blocks that are linked together sequentially (hence the name). First, it’s important to understand that each link in the blockchain is completely secure and unbreakable. Acquire the source materials: add a block. And so on, from source to end-customer receipt.

How Technology Empowers Freight Brokers to Work Smarter, Not Harder, to Drive Profitability

Talking Logistics

Working smarter, not harder, is critical for everybody in transportation today, but it’s especially important for freight brokers in light of the increased competition in the marketplace and the ever-more demanding expectations of shippers. What does “working smarter, not harder” mean for freight brokers? Current challenges for freight brokers. The current growth economy, where demand consistently outpaces supply, places a premium on freight brokerage services.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. According to Seaport Global Securities LLC analyst Kevin Sterling, between 60,000 and 100,000 drivers are needed to meet the demand for trucking services. Technology Comes to the Aid of Freight Companies. According to Zencargo, the process of securing container quotes may cause companies billions of dollars a year in terms of hours wasted.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. According to Seaport Global Securities LLC analyst Kevin Sterling, between 60,000 and 100,000 drivers are needed to meet the demand for trucking services. Technology Comes to the Aid of Freight Companies. According to Zencargo, the process of securing container quotes may cause companies billions of dollars a year in terms of hours wasted.

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

Lost labels and mislabelled freight result in delays, loss of customer confidence and damage to your business reputation. To combat the problem here’s a way to improve freight labeling for transport and logistics management. Lost labels and mislabelled freight are irritating. Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. Freight Logistics

The Wisdom of the Crowd (Sourcing) Doesn’t Apply to Commercial Shipping

Supply Chain Collaborator

More than a year ago, the Supply Chain Collaborator blog examined the trend toward crowd sourcing and wondered aloud whether an “Uber for commercial shipping” was imminent. Sixteen months later, a virtual lifetime in the technology realm, the crowd sourcing economy shows no signs of slowing with numerous solutions emerging across a host of industries. Tucker nails this important distinction in this passage, “ Freight isn’t people.

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Well, with so much complexity, one would certainly require a reliable and transparent source to carry such enormous data and activities. How will blockchain impact freight forwarding? Transparent & secure. The blockchain database is transparent and secure which makes payment process and settlement order easily accessible across different ledgers. 20Cube Logistics is a global freight forwarding, Customs clearance, and warehousing service provider.

How to prepare for freight market shifts in 2020

CH Robinson Transportfolio

As we begin 2020, we can anticipate more balance in the transportation marketplace, according to industry sources. In terms of available freight, economic and market analysts suggest for-hire truckload volumes will be plus or minus 0.5% It’s not just about the economy and freight movement in the market. Now is the time to employ a forward-thinking approach to secure all modes of transportation, including truckload, LTL, and intermodal. 2020 brings balance.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Unloading of local freight and de-stuffing and palletising of international freight. Ambient and/or temperature-controlled storage of supplier freight. Phoenix Freight: 3PL and 4PL Provider. Another provider of note is Phoenix Freight, which is based at Port Botany.

Advanced Strategies for Successful Ocean Freight Procurement

CHAINalytics

When it comes to ocean freight transport, shippers have benefited from almost a decade long “down-cycle” as far as rates are concerned. Over that period of time, shippers were able to secure capacity from a variety of competing carriers at a lower cost. However, bankruptcies, consolidations, and the reorganization of carrier alliances has drastically reduced … The post Advanced Strategies for Successful Ocean Freight Procurement appeared first on Chainalytics.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). However, in order for these advanced systems to function effectively requires that Supply Chain Professionals seek out and find the most accurate and diverse possible sources of useful data on all aspects of their supply chains.

Mexico Back in the Supply Chain Spotlight

Talking Logistics

A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. has a surplus of natural gas; it’s a cheap energy source that helps Mexico continue to be competitive. . Finally, I asked Troy about security, if it’s as bad as we read in the papers.

Mexico 166

Technology Fuels Freight Logistics: Jeff Tucker in Wall Street Journal

DAT Solutions

Jeff Tucker 's guest column in yesterday's Wall Street Journal pointed to the pivotal role of technology, including DAT Load Boards , in freight logistics today. Jeff also highlighted the contribution of freight brokers to the efficient movement of cargo. Jeff has been a leader in freight logistics since 1992; he is president and CEO of Tucker Company Worldwide and Chairman of the Transportation Intermediaries Association. domestic freight transportation and logistics.

Achieving the Integrated Global Supply Chain

Supply Chain Network

The results are achieved when extraneous costs are removed and product can optimally move from source to end-user with minimal friction. Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

All must agree to the precise form of that document before the release of international freight and the transfer of funds. At the same time, technical standards are needed to govern the various processes that are unique to freight transportation and other logistics-related services. Standards are also needed for shoring up blockchain security. I do not believe that saying something is immutable is necessarily saying something is secure,” says Perez.

US Spending Cuts to Create Issues for Freight Forwarders Through Cargo Processing Delays

BluJay Solutions

As the US Federal Government begins to implement a Sequestration program of mandatory spending cuts to address its budget deficit, effective March 1, the Department of Homeland Security is warning of potential delays to the processing of inbound air and sea freight shipments. And the resulting delays in processing cargo imports are set to impact heavily on the logistics industry, with logistics services providers of all types affected, in particular freight forwarders.

Cargo 60

Security and TMS: What Intermodal Carriers Should Know

GTG Technology Group

Many companies shy away from adopting new technology solutions because they fear security risks. With appropriate security measures, cloud TMS products will contribute to business efficiency. Security Risks in the Intermodal Transportation Industry. In freight transportation, a cyber security threat can cause delays, contribute to a cargo-stealing conspiracy, compromise sensitive data , or put digital systems at risk. Sources: [link].

The ELD Mandate and Fresh Produce Logistics: What Shippers Need to Know

CH Robinson Logistics

Regardless of the HOS-tracking mechanism a carrier uses, shippers can implement certain practices in the produce industry that better optimize carriers’ time and help make fresh produce more competitive in the freight market. ELD and HOS exceptions apply to certain vehicles and carriers, during planting and harvesting periods, and for the transportation of agricultural commodities within a 150-air mile radius from the source of the commodities.