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The vocabulary used in transportation can be confusing. Shippers” are companies that have goods that need to be transported. It has spot procurement functionality that you would see in a transportation management system (TMS), and the request for proposal (RFP) functionality you would see in contract planning or procurement solutions.
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.
Matt Harding and Joe Lynch discuss Greenscreens: benchmarking for shipper success. Summary: Greenscreens: Benchmarking for Shipper Success Discover how technology is revolutionizing the shipping industry in this insightful podcast. Experienced shipping managers’ faster reaction to benchmark data for carrier negotiations.
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? Currently residing in Mesa, Arizona.
Trusted by over 1,400 shippers—including 13 of the Gartner Supply Chain Top 25 and 78 Fortune 500 companies—DAT iQ delivers real-time insights, benchmarking, and forecasting tools that optimize operations, mitigate risk, and improve profitability for supply chain shippers.
Insights into the North American supply chain from Descartes’ 2024 Global Transportation Management Benchmark Survey The role of transportation management has become more critical than ever as companies strive to balance efficiency, cost, and customer satisfaction.
Alex is also the President of Reefer Van Network , a prominent player in the refrigerated transportation industry, specializing in the safe and efficient delivery of temperature-sensitive goods across North America. Reefer Van Network (RVN): A specialized division within Expedite All focused on refrigerated freight transportation.
Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.
Mike Hane, Director, Product Marketing, TMS at Descartes Does your company view transportation as a competitive weapon? The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). A TES is generally mode specific and lack optimization capabilities, but for shippers with simpler transportation requirements, that is often all they need.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.
Data-Driven Insights: DAT offers advanced analytics, providing shippers with actionable insights to optimize transportation decisions and mitigate risks. RateView Analytics: DAT helps manage transportation costs with accurate market data, allowing shippers to set realistic budgets and adjust rates during volatile conditions.
Vetting 3PLs and transportation management services providers is a complex topic and shippers may not know where to begin. To find the right logistics transportation services partner for your unique business needs, shippers should consider these five crucial characteristics. . Focus on Carrier Procurement and Management.
Mike Hane, Director, Product Marketing, TMS at Descartes Does your company view transportation as a competitive weapon? The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. At Stifel, he had primary coverage of the railroad, rail equipment, and truck equipment sectors.
We trudge on with our top posts from our main blog categories by page view for all of 2014 from the Cerasis blog by featuring another area Cerasis is an expert in: Transportation. These tips include how you yourself can better manage your transportation department and maximize resources. Read the Full Blog Post.
In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability.
We have all our factories, both in-house and outsourced, all of our distribution centers, and our transportation network on the Blue Yonder foundational system. We can run a plan simulation to maximize revenue, maximize shipments, maximize the customer experience, or minimize transportation costs.
Sarah is a Shipper Sales Manager at DAT , an online marketplace that connects shippers and carriers in the transportation industry. 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.
BENCHMARKING is recognized as one of the best ways of improving business performance. In this episode, you will understand why you should benchmark your supply chain and how you should do it effectively. Robobyrne: How to Benchmark Your Supply Chain. Benchmarking Success: The What, Why, How of Supply Chain Benchmarking.
Business benchmarking is recognised as one of the best management tools around. But what exactly is supply chain benchmarking and why is it so important? In business, a benchmark is a measure of performance. How to benchmark? The What, Why, How of Supply Chain Benchmarking. The Origins of Benchmarking.
As the supply chain world continues down its digital transformation path, digital brokers can play an integral role in easing capacity constraints, opening up new lanes, and providing a benchmarking tool for shippers. It is certainly an exciting time for the TMS market.
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. The answer is to benchmark your freight, of course. What is Freight Benchmarking?
Transportation cost savings is usually cited as the number one reason companies invest in a transportation management system (TMS), but does the value go beyond that? During our conversation, Chris shared some insights and advice from some TMS benchmarking studies he conducted recently. Transportationbenchmark studies.
The podcast delves into the substantial costs of detention, the benefits of benchmarking and scorecarding, and the potential of generative AI in improving logistics operations. Velostics’ primary customers are shippers, large distribution companies, 3PLs, and brokers with managed transportation offerings.
FourKites CEO, Matt Elenjickal One of the two leaders in the real-time transportation visibility market is FourKites. This allows the company to do some interesting benchmarking. Calling the FourKites platform a real-time transportation visibility solution is a misnomer; This is a real-time supply chain visibility solution.
Expected Transportation Capacity Issues. The concern and dialog about the transportation capacity issues for our country have bridged the past two decades and beyond. If the many components of logistics and supply chain management do not engage effectively with the transport workforce and manufacturing skills gap of the U.S.,
Most recently, the APQC has conducted best practice and benchmarking research on digital transformation. This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Mark’s 34 years in transportation and logistics includes experience with Transplace, where he held the position of Sr. Hunt Transport, Inc. in Transportation and Logistics from Arkansas State University.
I am continuing to work on my latest Transportation Execution and Visibility Systems study, which looks at the total size of the market, the forecasted growth through 2026, and the leading suppliers across a number of categories including industry, region, customer size, and mode. These changes can add significant time to the ETA.
When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. She asked me, ‘What was the impact on total costs?’
APQC and the Digital Supply Chain Institute (DSCI) have conducted best practice and benchmarking research on MDM. APQC is a member-based nonprofit that conducts benchmarking, best practices, and performance improvement research. Achieving Data Mastery. They offer several tips.
In the fast-paced world of logistics, efficient transportation is paramount. To stay competitive and sustainable, businesses must maximize their transportation vehicle utilization. References: Department for the Environment, Transport and the Regions. Road Freight Transport and the Environment. Kearney, A. Mackie, P.
Felipe Co-founder and CEO of Loadsmart , where they provide logistics solutions powered by industry experts and next-gen technology that lower costs, increase efficiency, and digitize transportation. Capella’s journey from law/finance to co-founding LoadSmart, leveraging technology in transportation.
There are a variety of ways that companies can manage their transportation spend. The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). For supply chains, sustainability is symbiotic with profitability.
Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. Creating dashboards in this step will also enable you to benchmark your KPIs before proceeding with the following steps on your journey and help you measure the before & after results. . On-time-in-full performance of distribution centers.
The most obvious intersection point is transportation. Transportation is a huge contributor to greenhouse gas emissions. Körber is looking at using its Transportation Spend Optimization solution to help decarbonize the transportation sector.
Managing yard and warehouse operations has long been one of the thornier aspects of transportation logistics. Yards are a choke point between transportation and warehousing — and wherever you have choke points, you have a higher risk of inefficiencies that drive up labor costs, detention fees and delivery commitments.
The proximity to main customers, a more resilient value chain and reduction of transportation costs favor decentralisation of production. Luc has worked with a wide range of clients in the areas of supply chain optimization and analytics, operational improvement, SCOR implementation, strategic benchmarking and technology deployment.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. The transportation team supports 13 production facilities. There are different tools, goals, and market dynamics.
And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5 The vehicle will make its inaugural trip from Indiana to California, where it will be featured at the Advanced Clean Transportation Expo. CMA CGM is offering 5 billion euros ($5.48
This assessment goes beyond typical industry analyses by examining transportation technology applications and partnerships, as well as benchmarking existing 3PL performance. It provides tailored insights on procurement, transportation, global trade, and warehousing, offering solutions that integrate data, analytics, and automation.
One challenge to this approach, however, is that many shippers focus exclusively on price when making their transportation decisions. The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. We don’t shop rates. We look for value and long-term partnerships.
Using KPIs for performance measurement ensures that you are continuously evaluating your business activity against a static benchmark. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Why Are KPIs Important?
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