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Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
Erika Voss and Joe Lynch discuss taking the uncertainty and risk out of freight. Erika is Vice President of Information Security at DAT Freight & Analytics, the largest truckload freight marketplace in North America. Erika holds a Ph.D.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Proactively adopting cleaner energy sources ensures alignment with these evolving regulations. Transparent sourcing practices build trust among consumers and investors.
CVSA-certified inspectors will commit a blitz of inspections across North America, creating a sudden strain on resources for both domestic and cross-border freight. The best way to avoid disruption is to source and have readily available resources to expand capacity at a moment’s notice. The overwhelming answer is “yes.”
auto parts are sourced from Mexico, making the tariff impact immediate and severe. Cold storage and processing facilities are increasing inventory capacity, anticipating prolonged trade disputes. Approximately 40% of U.S. Vehicle production costs in the U.S. Conclusion: A New Reality for Global Trade?
Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. Carriers move shippers’ freight. If loads are not accepted by carriers the shipper is already working with, shippers can tap into the marketplace to access new capacity. Scale is Necessary for Freight Benchmarking.
The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. Get Your Free Copy Here. Download White Paper.
Jordan Graft and Joe Lynch discuss freight has an identity crisis, which refers to rampant fraud and double brokering in the transportation business. Highway provides brokers with comprehensive data on carrier equipment to supercharge their capacitysourcing and vetting efforts.
Autonomous Freight Trucks. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. It is a brutal job.
The Freight Market Place with Dave Maddox. Dave Maddox and Joe Lynch discuss the freight market place. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Other past employers that Maddox has worked for are nVision Global, Transplace, National Freight, Inc.,
Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.
We didn’t know how long COVID-19-related shutdowns, and the ensuing port congestion and crunch on carrier capacity, would last. It now seems that port congestion and capacity issues will persist throughout the year. This is where visibility to suppliers and new souring options becomes critical.
Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market. Top causes of capacity constraints include: . High freight volumes across all industries in the trucking market are expected to continue into 2022.?
“However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits. And with these increased prices, you see potential profits for logistics service providers and freight cost pressures for importers.
We have all the connected planning data we get from blue Yonder, all of the product data we get from the product systems, all of the shipment information that’s coming in from the carriers, as well as risk information from Everstream and other sources. Show us the best way to fix the freight delays!” So why do it yourself?
Throughout the past six months, rates and capacity have been highly volatile as the industry deals with other ongoing challenges. Shippers, despite all obstacles, are expected to reduce freight spending, drive efficiency, and improve customer service every year with incremental improvements year-over-year.
In the first half of the year, panic buying drove supply and demand imbalance across the supply chain and caused truckload capacity to tighten. The e-commerce surge tightened truckload, LTL , and small parcel capacity, delaying deliveries, and driving up rates. Home baking was another trend that tightened capacity.
Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update Wk 50. Beyond bad weather and peak season, there are several other contributing factors for the air freight increase, including brisker world trade, burgeoning cross-border e-commerce, and air freight growth for several non-retail sectors. WOW CHANGE.
This shift, which relies on the de minimis US customs regulation that waives direct to consumer packages worth under $800 dollars, is pushing air cargo rates up, and has significant implications for capacity, and regulatory landscapes. rates soared to about $13/kg due to pandemic-driven demand and reduced capacity.
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. As a result, carriers will have less capacity and availability to handle unexpected surges in demand. Understand freight classes and bands.
GlobalTranz’s main service lines are freight brokerage – less-than-truckload and truckload – and managed transportation services. What the heck is going on in this freight brokerage/managed transportation sector? A truck broker helps companies find trucks to carry their freight on lanes they are having difficulty covering.
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? Working smarter.
Custom fabricators have to cope with highly varying demand cycles from many different steel sales customers, and to do that effectively they need capacity. They’re building that capacity with more equipment. Look for the steel fabrication industry to want to add capacity to gear up for the unexpected.
Indicator 2: Freight Spend Seems to Be Spiraling Out of Control. Another indicator of switching from in-house to managed logistics transportation services is expanding freight spend. During times of high market volatility, freight spend will inevitably grow faster than anticipated. This can be a confounding issue.
You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. to $0.40, or about half a percent of the sticker price.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Leverage TMS technology platforms to source OTR transportation capacity in tight markets, keep information in context, and stay informed with real time visibility.?
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. However, freight procurement is changing.
FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. Freightonomics is at the crossroads of economics and freight. FreightWaves provides current digital intelligence and context to the freight community on a central platform.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.
Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
About DAT DAT Freight & Analytics, a subsidiary of Roper Technologies (NYSE: ROP), boasts the largest North American truckload freight marketplace, with data representing over 400 million freight matches and $150B+ in annual transaction data. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.
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.
The Freight Marketplace with Dave Maddox. Dave Maddox and Joe Lynch discuss the freight marketplace. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Other past employers that Maddox has worked for are nVision Global, Transplace, National Freight, Inc.,
As capacity continues to fall short and lead to lost efficiencies, shippers can benefit from leveraging the regional networks of an MTS provider to strengthens their supply chain. Capacity limitations and determining where capacity is and what limits may exist. Download the White Paper: Over the Road Freight Management Trends.
From September to December 2020, China and a few South East Asian countries started to get back to a fair amount of manufacturing capacities and international logistics resumed for essential services, pharma, food, groceries, medical devices, PPE etc. Escalating freight rates and severe capacity crunch. Manufacturing Planning.
Most are capacity constrained. For years Campbells strove to grow the soup category only to lose share in the soup category due to limited manufacturing capacity for the Swanson’s brand. With air capacity limited due to the decline in air travel, companies moving products using cold chain assets will struggle. What To Do?
Media sources are filled with prognostication. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility.
For respondents at the median, 80 percent of total annual packing material consumed comes from recycled or re-used materials and 60 percent comes from renewable sources. For the top performers, however, 90 percent of total annual packing material consumed comes from recycled / re-used materials, and 74 percent comes from renewable sources.
Image source: Stefan de Kok 2. Companies can also reduce overhead due to overtime and expedited freight by more than 50%. The image compares a statistical forecast to throwing 2 dice (left) and its probabilistic forecasting equivalent (right). Lower Obsolescence: Improved demand accuracy reduces overstocking and discount-driven losses.
Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. The freight unit was established in 2001, when FedEx Corporation acquired and merged the assets of American Freightways , Viking Freight and Watkins Motor Lines.
As I mentioned in an earlier post on the growth drivers for the Transportation Management Systems market , transportation visibility tools are one of a number of technologies that are improving performance and helping to reduce freight spend. This is due to the limited capacity on trucks and boats as capacity has shrunk and demand has surged.
About Felipe Capella Felipe Capella Co-founder and CEO of Loadsmart , a leading digital freight technology company. From digital freight brokerage and consultancy to software tools, they empower shippers, carriers, and warehouses to move more with less—increasing efficiency, reducing costs, and enhancing service quality.
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.
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