The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing.

Local Sourcing, Global Supply Chain

BluJay Solutions

Yet the company is at pains to make it clear this is part of a global operations strategy, with devices continuing to be assembled in China and Brazil and components presumably continuing to be sourced from emerging markets based on cost and quality.

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. Capacity Crunch Freight LTL

Is Amazon In-Sourcing or Creating a New Service? You Already Know

Cerasis

The post Is Amazon In-Sourcing or Creating a New Service? E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there. Amazon.read More.

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Source: SGX, Freightos Baltic Index.

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

Cerasis

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. How To Determine Freight Class: Density Calculator & Printable Resource. Freight LTL

Freight Audit and Payment: An Untapped Source of Working Capital

Inbound Logistics

To compete in this fast-paced economy, companies must look for every efficiency possible within their supply chain

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 index jitters.

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.

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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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. WebCargoNet’s focus has been more on the carrier-forwarder relationship and has also placed more focus on air freight.

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.

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. A sourcing agency will typically do one of the following roles: A.

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update W50

Freightos

Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update Wk 50. According to Zvi Schreiber, CEO of Freightos, “The air freight spot market is playing an increasingly prominent role in holiday supply chains. About The Freightos International Freight Index.

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. Freight Insights New

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.

COP21 – Freight and Climate Change

Freightos

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. . Click the button on the right to see our sources.

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. Here are seven strategies to elevate freight management in an organization to build a more competitive supply chain advantage.

Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

The post Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa appeared first on Chainalytics. Blog Transportation coupa Freight Procurement freight sourcing sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

Top Four Ways to Score Savings Using Freight Optimization Tools

Talking Logistics

This could mean taking shipments from multiple sources and consolidating them into the lowest possible number of vehicles and shipments, using mode shifting to yield benefits across the supply chain. TMS and freight optimization technology make this holistic strategy much easier to execute.

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Be more Strategic about Your Supply Chain Sourcing

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. So just how strategic are you when it comes to sourcing transportation capacity?

6 Trends Affecting Inbound Freight Management!

Supply Chain Game Changer

Successful inbound freight management depends on a strong logistics management program. Shippers need to have a robust set of controls in place, a high-quality inbound freight routing guide , automated tracking technology, reporting capabilities, and much more. Shippers need to understand the trends throughout the industry affecting inbound freight management and how to plan accordingly. Congress Will Affect Successful Inbound Freight Management. Subscribe Here!

LTL Carrier Profile: UPS Freight

The Logistics of Logistics

LTL Carrier Profile: UPS Freight. UPS Freight is the fourth largest less than truckload (LTL) carrier with approximately $2.4B UPS Freight has 6.9% UPS Freight is based in Richmond, Virginia. UPS Freight is a business segment of United Parcel Service, Inc. Domestic Package, International Package, and Supply Chain and Freight. LTL Carrier Profile: UPS Freight Services. LTL Carrier Profile: UPS Freight History.

Looking for Freight Broker Tips? Join These 5 Online Communities.

Cerasis

Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources. Let’s look at five of the top online communities for freight brokers. #1. Freight Broker Tips and Resources (LinkedIn).

Spend Matters Awards Chainalytics For Transportation Procurement Innovation

CHAINalytics

Press Release Transportation Award Chainalytics freight sourcing ocean procurement sourcing optimization Transportation Procurement transportation sourcing Truckload procurementAtlanta, GA (April 22, 2019) — Chainalytics, a recognized global leader in supply chain consulting, analytics, and market intelligence, is excited to be named a 2019 Provider to Watch by Spend Matters. “We’re We’re thrilled that Chainalytics has been recognized as a Provider to Watch.

6 Benefits of Transportation Consolidation Programs & How They Reduce Freight Spend

Cerasis

For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates. How Do Transportation Consolidation Programs Reduce Freight Spend?

Freight Rates News December 2015

Freightos

Freight Rates News. Freight and logistics trends that rate in the news. Check out our roundup of nearly 100 digital logistics/supply chain sources. OUR TAKE There is a lot more flexibility with parcel delivery, but some aspects of this change also applies to freight.

CFO Beating You Up Over Rising Freight Costs? Hit Back with a TMS

Talking Logistics

Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry.

Two Important Questions About the Future of Freight Moves

Talking Logistics

Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S.

Transport Procurement: Effectively manage freight costs in a dynamic market

CHAINalytics

The post Transport Procurement: Effectively manage freight costs in a dynamic market appeared first on Chainalytics. Uncategorized FMIC Freight Market Intelligence Consortium Freight Procurement freight sourcing transport procurement Transportation Bid transportation management Transportation Procurement

Blockchain: A Single, Immutable, Serialized Source of Truth

Material Handling & Logistics

Acquire the source materials: add a block. And so on, from source to end-customer receipt. Always Available: A Shared, Distributed “Source of Truth”. No source vendor means there is no need for a recurring contract or service provider relationship.

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. Sources: [link]. The post How to Protect Your Freight From Cargo Thieves appeared first on GTG Technology Group.

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The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard

CHAINalytics

However, this article will focus primarily on the tools aspect of the sourcing … The post The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard appeared first on Chainalytics.

Overcoming Ocean Freight Procurement Hurdles in 2019

CHAINalytics

Many organizations are consistently missing the mark with their transportation spend due to contract rate increases and fluctuating spot rates on ocean freight lanes.

Guest Viewpoint: What’s Driving Freight Costs Higher?

The Logistics of Logistics

<strong><em>If you think the price of fuel is the only element driving freight costs higher – </em><em>Think again! </em></strong> Introduction. The latest Master of Logistics 20 th Annual Study of Transportation and Trends Study reports that in 2011 the highest percent of transportation costs was ground freight at 76.1%, of which US long haul trucking holds a major position at 64.4%. Ground freight was then followed by 8.7%

No Crystal Ball Required: The Future of Freight Forwarding

BluJay Solutions

Recently Kewill worked with Transport Intelligence to examine the state of the global freight forwarding industry. The resulting report, “ The Future of Logistics – What Does the Future Hold for Freight Forwarders?

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. Tucker nails this important distinction in this passage, “ Freight isn’t people.