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.

8 Freight Shipping Trends Shippers Must Know for 2017

GlobalTranz

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. Freight Rates Will Increase.

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LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

GlobalTranz

For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact. Shippers need to know why freight black swans are increasing, how using LTL to intermodal shipping options can reduce their incidence, and a few best practices to keep the use of intermodal from becoming a black swan itself. Understand freight classes and bands. Freight LTL

Empty-container rush signals worst yet to come for shipping community

The Supply Chain Journal

The international container flow is governed by shipping operators and people who deal with international trade orders. and has been a bellwether for freight pattern shifts over the past two to three years — basically the main convergence zone of freight in the U.S.

2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

That trend also plays into an extended peak shipping season and ongoing tightened capacity in all modes. To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. Contract consistent freight volume.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

How to Reduce Product Damage During Shipping

GlobalTranz

If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer. Packaging and product damage during shipping is extremely common. Many shipping companies will stack pallets on top of one another to maximize their load, so you need to know this important piece of logistical information as well. . When you ship a product , your goal is simple: make sure it gets there in good condition. Freigh

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.

How Will Ocean and Air Market Conditions Affect Your Shipping Decisions?

CH Robinson Logistics

Many of our global shipping customers are up against the clock with Chinese New Year (CNY) approaching, while also navigating potential changes from a new U.S. Demand and disruption in ocean shipping. Ocean shipping capacity and port congestion.

What Is Procurement in Freight

The Supply Chain Journal

For management, one of the most critical aspects of shipping and inventory management is the concept of procurement in freight. This essentially is the process of securing adequate capacity space to haul the freight. Freight Full Truckload Supply Chain Uncategorized

Empty-container rush signals worst yet to come for shipping community

The Supply Chain Journal

The international container flow is governed by shipping operators and people who deal with international trade orders. and has been a bellwether for freight pattern shifts over the past two to three years — basically the main convergence zone of freight in the U.S.

A Shipping Budget Management Checklist: 5 Things for Shippers to Consider

Intelligent Audit

Transportation or shipping cost management is a complicated process that requires many carefully planned and coordinated steps to be done successfully. That crucial step is shipping budget planning. Use of an Automated Freight Auditing Process or Software.

Touchless Fulfillment and Shipping!

Supply Chain Game Changer

Touchless fulfillment and shipping article, and permission to publish here, provided by Jenis Sheth. Supply chains all across the planet are discovering and rediscovering various solutions to make shipping and fulfilment touchless. Touchless Fulfillment and Shipping (New Normal).

The 7 Freight Audit and Payment Best Practices

Intelligent Audit

One critical but often overlooked component of successful shipping and logistics management remains freight audit and payment processes. Following a few recommended best practices makes managing shipping costs easier. Create a Clear Strategy for Freight Audit and Payment.

Green Shipping 101: 9 Best Practices For Eco-Friendly Shipping

ShipBob

Below we share how eco-friendly shipping can help this cause and some of the ways brands are offsetting their carbon footprint. What is eco-friendly shipping? Global impact of shipping on the environment. The global impact of shipping on the environment is eye-opening.

Improving Global Freight Process Management

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. State-of-the-art transportation management systems (TMS) certainly help with planning and execution, but advanced freight audit and payment processes are also vital toward obtaining complete process management results.

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LTL Capacity Best Practices in Times of Tight Freight Capacity

GlobalTranz

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. In a Nutshell The shipping surge will continue.

Smart Sourcing Bots Are Taking On Air Freight Procurement

Supply Chain Brain

One area that’s especially ripe for transformation is in the sourcing of air-freight shipping, for which demand continues to skyrocket as capacity remains scarce

Fed up with cargo congestion, freight forwarders flee O’Hare airport

The Supply Chain Journal

The problem stems from the rush of ad hoc all-cargo aircraft being substituted for grounded passenger jets amid the travel downturn combined with the surge in e-commerce orders, inventory replenishment and ocean shipping backlogs that have companies turning to air to move their goods.

Cargo 83

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. Check out the graph below for the breakdown, in billions, by freight mode.)

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. It is easy to understand why strategy is often set aside to meet immediate needs of getting product shipped out the door.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts. One area that can quickly yield benefits is in parcel shipping.

Freight Rates News October 2015

Freightos

Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters. Seemingly all international freight indices are down. This is good news for international freight forwarders.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. Simple Freight Audits Have Evolved Into Much More Meaningful Value-Props. Freight Audit and Payment freight audit

5 Ways Real-Time Freight Analytics Create Competitive Advantages

Turvo

One of the most significant challenges the shipping industry faces is related to real-time freight analytics. ” Using real-time freight analytics effectively can be a game-changer for companies. It also is making shipping managers change the way they operate.

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! It offers a finely tuned supply chain, with experienced suppliers, that will design, prototype, build and ship products at a fraction of the time it takes elsewhere. 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. Introduction.

Why Logistics Service Providers & Shippers Use Freight Data to Gain Market Share

Turvo

This is where freight data recording and analysis can help with the supply chain’s internal adding value. . The Costs of Not Using Freight Data in Managing Logistics. All of this means shipping providers must take on more financial responsibilities.

Data 52

Freight Rate News November 2015

Freightos

Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. China’s slowing economy is generally bad news for the freight industry.

Technology Is The Key To Supply Chain Orchestration

Gravity Supply Chain

It’s not just the supply chain! Entire logistics networks, manufacturing bases, and workers face a multitude of unprecedented disruption challenges.

COP21 – Freight and Climate Change

Freightos

COP21, the Paris Climate change conference taking place this week got us thinking what the carbon cost was for shipping the TV. A quick check showed that shipping the TV from Taiwan to Nashville (ocean & trucking) led to about 6.7 The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. Finding freight’s contribution to GHG took a lot of digging. .

Trucking Market Q1 Update and 2021 Freight Outlook

Zipline Logistics

It was a tale of two freight markets during the past year due to the global pandemic that reshuffled consumption and commerce. We saw historic freight lows in the winter and early spring, followed by landmark highs in the summer and the remainder of the year.

Vizion’s Quality Data Enables Smarter Container Tracking

Gravity Supply Chain

Gravity partners with Vizion to help businesses make data-driven decisions, increase shipping reliability, reduce risks, and supply chain disruptions.

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.

Shipping bulls are back: First container stocks, now dry bulk

The Supply Chain Journal

Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers. That’s the emerging consensus on how a post-COVID global recovery will play out in ocean shipping. Dry bulk freight rates are not just an indicator for dry bulk shipping.