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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.

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Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. TRAMES is all about International Freight Orchestration (IFO). a) Across the various actors in any single transport chain. c) Digital Freight Forwarders.

Top Transportation Management and Transportation Articles of 2015

Cerasis

We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . We will then conclude the 5 main categories by featuring the top 10 freight articles of 2015. Top 10 Most Read Transportation Management and Transportation Articles of 2015. We hope you find the following top 10 transportation articles from 2015 educational and helpful!

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

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.

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.

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. Do your research when selecting transportation routes. When drivers do need to stop for a long period of time, arrange rest breaks at safe truck stop locations with adequate security measures.

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10 Tips To Be A Successful Freight Broker!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who work as intermediaries between shippers and carriers. Licensed freight brokers operate around the country in various markets, helping make the transport of goods a reality for their customers. The post 10 Tips To Be A Successful Freight Broker!

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

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.

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.

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.

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic. Transportation information is foundational to managing any global supply chain.

Blockchain is Coming to Transportation – Here’s How

Talking Logistics

The transportation industry has long discussed blockchain with a healthy dose of skepticism or has taken a wait-and-see approach to its adoption. A modern, multi-modal Tier 1 TMS can now take data from all sources, cleanse it and use it. Even though most have little-to-no IT support or technology, they dominate a mode of transportation that can’t be ignored. Think about it as another type of API/EDI – as a different way to communicate securely between partners.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Five Main Stakeholders Involved In Transportation Decision

Abivin

There are five main stakeholders involved in the transportation decisions: the shipper, the receiver, carriers and agents, the government and the consumer. To understand the complexity of the transportation environment, it is helpful to be aware of the role and perspective for each party 1. The shipper (consignor) All transportation process begins with a company transferring its goods from a warehouse to another place such as distributors , customers or even another warehouse.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Ambient and/or temperature-controlled storage of supplier freight.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. Only motivation is to save money on freight rates.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. 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. For blockchain to become a viable tool for freight, commercial standards need to be put in place.

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. Hand them to a carrier to transport to a plant: add another block.

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.

Five Main Stakeholders Involved In Transportation Decision

Abivin

There are five main stakeholders involved in the transportation decisions: the shipper, the receiver, carriers and agents, the government and the consumer. To understand the complexity of the transportation environment, it is helpful to be aware of the role and perspective for each party 1. The shipper (consignor) All transportation process begins with a company transferring its goods from a warehouse to another place such as distributors, customers or even another warehouse.

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. Blog Feature Transportation best practices bid strategies Ocean Freight ocean procurement sourcing strategies transport procurement

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

Supply Chain Network

With maritime transport growing at an average rate of over 8.5 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). And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global.

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.

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.

Pillars to a Successful Transportation Experience: Carrier Management

CH Robinson Logistics

Pillars to a Successful Transportation Experience: Carrier Management | Transportfolio. As the market continues to tighten, what’s your transportation strategy for handling fluctuations? Companies with supply chains that span more than one continent often have shipments, whether inbound or outbound, being transported to various regions of the world to contend with. Transporting goods such long distances nearly always comes with additional nuances to plan for.

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.

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What 2017 Reveals for Transportation Management Software in 2018

GTG Technology Group

Top Trends in Transportation Management Software Development. Those that do will transform into innovative companies that offer customers the best in transportation service. Less than a decade ago, most transportation companies expected to be able to continue operating the way they always had. However, with the arrival of transportation management software (TMS), businesses that quickly embraced change started to edge out competition. Freight “Uberization”.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. One of such software is transportation management system (TMS) which is a subset of supply chain management regarding transportation operations (Mei & Eliot, 2017). TMS has become an indispensable tool in a growingly competitive and complex transportation landscape. TMD Security GMBH.

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.

The Definitive Guide on Produce Season Transportation Impacts

Zipline Logistics

Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. Even if you don’t grow or ship produce, your transportation performance and spend can still be directly impacted. When crops are moved at high volume, available capacity is diminished as carriers devote a sizable portion of their fleets to produce season transportation.