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Carriers move shippers’ freight. For example, if a shipper needs to ship goods from Chicago to Detroit, the TMS will have a record that on this lane, the transportation planner should contact Carrier A first. A public cloud architecture is at the heart of what Emerge is doing from both a procurement and a benchmarking perspective.
The answer is to invest in sustainability benchmarking tools. Sustainability benchmarking is important for a number of reasons. Ultimately, sustainability benchmarking can help companies to understand whether their initiatives are effective and give guidance on how to make improvements.
Why are shippers interested in benchmarking and why are we hearing more about it lately? Benchmarking helps ensure they are getting the most out of their supply chain and also provides a platform for further optimization. What is Benchmarking? What is Benchmarking? Currently residing in Mesa, Arizona.
Matt Harding and Joe Lynch discuss Greenscreens: benchmarking for shipper success. Matt is Chief Technology Officer at Greenscreens.ai , a freight-tech company on a mission to rock the freight world through accurate predictions, actionable insights and cutting-edge technology. About Greenscreens.ai Greenscreens.ai
At Expedite All, he enhances freight safety, leveraging a secure network of 9,000+ small trucks nationwide. Supported by advanced technology, their multifunctional customer portal provides instant booking, quoting, real-time tracking, and other features designed to streamline the shipping process.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.
Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
The sales team can go have those conversations, with real-time lead times and even the factory the product will ship from, with customers. We have benchmarked our SCI (Supply Chain Intelligence) solution; we looked at all the solutions in the industry. Show us the best way to fix the freight delays!”
She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. It was founded in 1978 and has since become one of the leading platforms for freight matching and load board services.
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. On the surface, this sounds like a problem for carriers.
Which brings us to international freight. It’s challenging to get fixed prices for global freight. Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. Hedging for freight price volatility.
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today released the Q4 2022 edition of its Ocean Shipping Index, a quarterly report that offers data-driven insights to better manage the movement of goods around the globe and on key lanes between Asia, North America, and Europe.
Brad Wheeler and Joe Lynch discuss the freight-tech dilemma. Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform.
Containerised Freight Trends, Challenges and Opportunities in 2025: How Can Partnerships Resolve the Challenges and Mitigate Costs? Xeneta’s data comprises over 280 million contracted container and air freight rates and covers over 160,000 global trade routes.
Transportation Management Challenges in E-Commerce Although e-commerce represents an excellent opportunity for shippers, it results in the creation of additional challenges in managing freight spend and moving products. This is regardless of whether freight consolidation was used or not. Faster shipping. Lowered freight spend.
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
Logistics and Freight Trends, Challenges and Opportunities in 2025: How Can Partnerships Resolve the Challenges and Mitigate Costs? Synopsis: This event will delve into pressing issues and upcoming trends shaping the logistics and freight sectors in the coming year.
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. kg of carbon emissions.
Trent Morris has helped many of our clients over the last 2-3 years with their Ocean Freight challenges. Ocean Freight Tips. Freight-related articles have appeared throughout our website, check them out: FreightBenchmarking: What Is It? Why Containerised FreightShipping is Daunting for SMEs.
Understanding freight or trucking rates is vital in your supply chain. Because we still see many companies suffer the consequences of using the wrong freight rate. Related articles on this topic have appeared throughout our website, check them out: FreightBenchmarking: What Is It?
When it comes to managing your freight spend, there are a few options to consider. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. Ultimately it comes down to whether shippers want to manage their freight spend in-house or outsource it. Address Outsourcing Risks Head On.
In his role Peter leads The Journal of Commerce, the historic New York City maritime newspaper founded in 1827, today a team of specialized business journalists focused on the end-to-end international shipping supply chain including shipping, ports, airfreight, trucking, rail and home delivery, addressed to the needs of shippers.
In his role Peter leads The Journal of Commerce, the historic New York City maritime newspaper founded in 1827, today a team of specialized business journalists focused on the end-to-end international shipping supply chain including shipping, ports, airfreight, trucking, rail and home delivery, addressed to the needs of shippers.
In an environment of increasing freight costs, greater pressures on supply chains, and ever-expanding competition, shippers need to focus on where they can cut costs and increase operational efficiency. One such area that offers the greatest opportunity is shipping network optimization. download ebook. download ebook. download ebook.
Although CMA CGM is best known for being a large container shipping company, it is also the parent of CEVA Logistics. The Wall Street Journal (WSJ) published an article on the increasing use of machinery to create made-to-fit boxes for more efficient fulfillment shipping. The machines then label and seal the packages.
Some have automated, gateless check-in; some direct the drivers to check in with the shipping office. Case-in-point: my company FourKites will collaborate with 16 other supply chain industry leaders — including BlueYonder, e2open, Oracle, Uber Freight, and JB Hunt, to name a few — as part of the Scheduling Standards Consortium (SSC).
Shippers face more challenges than ever before when it comes to managing freight spend and allocation. While many other questions exist, freight management in today’s world is built on the internet, speed, use of data, and staying attractive to drivers. The Freight & Transportation Management Trends to Know in 2018.
The call for sustainable shipping is getting real. Pressure is coming from all sides for companies to adopt more sustainable shipping practices. For shippers worried about the pressure to green up their shipping operations, and the associated costs and resources required, there’s good news. Maximize Local Fulfillment.
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. Use of Freight Rate Benchmarking.
To win accounts with ecommerce companies that require one or two day shipping to the entire country, 3rd party fulfillment companies may partner with fulfillment companies in other regions. Third-Party Logistics Warehouse Benchmark Report. Lean More About The Future of 3rd Party Fulfillment. Andy Lloyd. 3PL Central.
IQAX is an independent entity with a deep understanding of ocean shipping and a strong heritage in global trade digitalisation and logistics visibility. Logistics & Supply Chain Management Society (LSCMS), Supply and Distribution Group Launches Global Logistics Service Provider Benchmarking Index. People and Halal Supply Chains.
However, the diversity of the supply chain, and the importance of timely shipping and customer service, presents a unique challenge at best through several festive celebrations all year long. Benchmark DC Systems to Handle the Volume. Be it Christmas, the New Year and New Orders, a new budget, Thanksgiving returns, etc.,
The use of full truckload shipping is rising in popularity, resulting from its lower cost as compared to less-than-truckload (LTL) shipping. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Benchmarking progress and use of all transportation modes.
Logistics and Transportation Expenses: Understanding Their Role in the Cost of Doing Business : As logistics and transportation expenses take a larger bite out of every sales dollar, companies must continually analyze their freight expense relationship to their overall cost of doing business. Read the Full Blog Post. Read the Full Blog Post.
There are many ways to view data, but those that are particularly useful in supply chain analytics are reporting, score carding, dashboarding and benchmarking. Benchmarking. An analytics platform for the supply chain also allows for benchmarking. Take freight rates, for example. Reporting and Score carding. Dashboarding.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your ocean freight prices. The answer is to benchmark your freight, of course.
The pressure on companies’ logistics networks to drive out cost and time from the shipping process is greater than ever before. For example, the expectation of fast delivery aside, online shoppers expect unreasonably cheap or free shipping. Even Amazon lost a reported $7B on shipping in 2016. A Revolution In The Warehouse.
As the transportation market continues to be undersupplied, many freight shippers are delving deeper into their route guides and going to the spot market to gain tender acceptance. Identify how you can save on the spot freight market and compare your rates to the DAT national average by checking out Market Rate IQ —C.H.
Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?
Subsequently, LSS projects were developed to address waste in several key areas: contract carrier freight rationalization, ship day alignment, Asia-to-US / Asia-to-Europe container optimization, CNG truck costs and impact. While all have added value, let’s take a closer look at contract carrier freight rationalization.
Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. SAP Announces Second Quarter and First Half Results 2013.
The recently implemented TMS-using transportation department works hard with the TMS tools to gain visibility into carrier rates, shipment planning, order tracking, tendering/carrier assignment and freight settlement. The post TMS SuperUser Secrets – Benchmarking Using TMS Data appeared first on UltraShipTMS.
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