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Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiatefreight rates a bit better. Shipping costs are a significant part of the supply chain expense.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. Vehicle production costs in the U.S. Negotiating supplier contracts for localized parts production in the U.S.
Nick Dangles and Joe Lynch discuss winning in a down freight market. Nick is Co-founder of Sync Logistics Training is a joint venture between Metafora + Kinetic, a Learning Management Software that gives brokerages the power to transfer years of industry knowledge to new hire employees in an engaging and effective platform.
Rather than acting as a full replacement for human decision-making, AI is being implemented in targeted areas where large data volumes, repeatable processes, and pattern recognition enable meaningful gains in accuracy, speed, and cost efficiency. These systems can adjust plans mid-route in response to delays or congestion.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes.
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. In addition to time, the fuel implications add up significantly both from a cost perspective and in terms of carbon emissions.
Ultimately, they decided to work with Uber Freight. KRONOS felt Uber Freight had a best-of-breed TMS that Uber’s planners could use to plan and execute shipments on KRONOS’s behalf. The new simplified SAP set-up and Uber Freight’s managed trans services have driven significant benefits for KRONOS.
AI Popup #3) AI Popup #3 August 10, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. Internal Training Chatbot: Knowledge transfer is always a challenge.
Matt is the VP of Strategic Partnerships with Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. About Matt Silver Matt Silver is the VP of Strategic Partnerships with Greenscreens.ai. Freight brokers and 3PLs using Greenscreens.ai Greenscreens.ai Greenscreens.ai
The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. Kevin is the Vice President of Sales at Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. About Greenscreens.ai Greenscreens.ai Greenscreens.ai Greenscreens.ai
Blog " * " indicates required fields Email * More Resources Home September 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
Shippers are often challenged when dealing with the freight classification system from the National Motor Freight Classifications (NMFC) book, the code numbers assigned to all products that determine the correct freight class for shipments. A Brief on Freight Classification.
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.
More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
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. The impact of machine learning on shippers’ pricing strategies and operational streamlining through APIs. About Greenscreens.ai
Think of volume leverage like having a stronger negotiating position when you’re dealing with larger quantities. Here’s where it gets interesting – volume leverage isn’t just about getting better prices (though that’s certainly part of it).
Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Initially, the output was published to procurement to design strategic buying strategies. The focus of the transportation suites was on cost mitigation and pricenegotiation.
About FRAYT FRAYT is a nationwide, on-demand, last mile delivery solution that offers businesses an automated web, mobile app, and advanced API platform to efficiently and cost-effectively move their products. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai
Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.
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.
Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. truck, rail, air, sea) to identify the most cost-effective options.
Freight shipping for plastic products is a critical component in maintaining profit margins and delivering value to customers. Effective freight management can reduce costs, streamline operations, and overcome logistical challenges, creating a more resilient supply chain. Penalties from missed delivery windows.
Supply chains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Shippers, despite all obstacles, are expected to reduce freight spending, drive efficiency, and improve customer service every year with incremental improvements year-over-year.
Resolving these issues can require extremely delicate negotiation, or even litigation if necessary. These training programs can give your employees a deep knowledge and understanding of any relevant legal frameworks and industry-specific regulations that they need.
Freight management is crucial for companies around the globe. Effective freight management reduces delays for consumers, helps companies offer Amazonesque shipping benefits and much more. For example, Brexit and uncertainty regarding tariffs will contribute to more negotiations and instability. DOWNLOAD THE FREE RESOURCE HERE.
Yesterday Freightos announced a private beta version of its online instant freight quote marketplace. So obviously, being freight rate nerds, we got to wondering: How much would the logistics of shipping the iPhone 6s from China to the U.S. cost Apple? What would the same shipment cost a smaller company? Bottom line?
Introduction As global supply chains evolve, ensuring cost efficiency is crucial. One way to assess the cost performance of any function within the supply chain is through Cost Performance Index (CPI). What contexts can it be used in and how, as well as the benefits of using cost performance index in supply chain contexts.
Blog More Resources Home September 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) fell 13% to $6,787/FEU.
In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Download the White Paper: Transportation Optimization: Its Strategic Role in Transportation Management. These include: . Learn More.
Having been featured in CNBC, the Wall Street Journal, MarketWatch, Bloomberg, The Loadstar, CBS News, Freight Waves, and Transport Topics, Brashier lends his expertise on US and global supply chain matters. ITS Logistics is known for its strong customer focus and dedication to delivering reliable, cost-effective logistics solutions.
AI Popup #3) AI Popup #3 Charles Marrale July 31, 2024 Dive deeper into freight data that matters Learn More For anyone who has played around with ChatGPT or Midjourney, it’s now clear that AI has the potential to be an incredible tool for enhancing efficiency and productivity. Again, this takes careful and meticulous training.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducing costs. What is Supply Chain Efficiency?
These annual rate adjustments are essential for carriers to keep pace with rising costs, including labor, fuel, equipment, and regulatory compliance. LTL GRIs are carrier-initiated increases to base freight rates, typically effective in January or February. What Are General Rate Increases (GRIs)?
It’s time to make inbound freight a priority and begin reaping the benefits of a program that creates win-win rewards for all supply chain partners. Unfortunately, few shippers make inbound freight a priority, and even fewer consider it a strategic supply chain initiative. Three Steps to Effective Inbound Freight Management.
Tusk’s technology connects your parcel operation to a national network of vetted regional carriers, all with pre-negotiated rates and reliable, predictable service. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. Tusk save Shippers 40% or more on small parcel shipping. The Greenscreens.ai
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.
Expanding the smart package initiative will help UPS strengthen its network efficiency as it seeks to reduce costs in a cooling demand environment. hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates.
The trouble today is finding authentic pairs which also do not cost an arm and a leg. This resulted in meaningful cost savings for our last mile delivery program overall,” he added. Serota said that both sides are “spending a lot of time at the negotiating table, and I am optimistic we will hear good news soon”.
With over 30 years of information technology experience, he combines a broad range of experience in commercial management, operational sales, exceptional revenue growth and driving strategic perspectives in building success factors for clients and partners. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.
According to the American Trucking Association, this is happening in an industry that already faced an average annual driver turnover rate of 99% in 2013, as well as hiring and training costs that range from $3,500 to $5,000 per driver, depending on experience. On the surface, this sounds like a problem for carriers.
Their flagship product, Freedom Pick, streamlines the box-picking process, enhancing efficiency and reducing operational costs. Tusk’s technology connects your parcel operation to a national network of vetted regional carriers, all with pre-negotiated rates and reliable, predictable service. The Greenscreens.ai
But they ran into a pricing challenge; consumers hate price changes (at least, price increases) and like most commodities, the cost of chicken changes. They drew a blank when looking for a chicken farmer that would commit to a fixed price. Which brings us to international freight. Say hello to the future(s).
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