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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.
Kevin Hill and Joe Lynch disucss 4 trends in freight brokerage. Kevin is the Owner of Brush Pass Research , a sales and marketing research firm that helps companies sell to freight brokerages across North America. Previously, Kevin founded CarrierLists, a carrier sourcing platform that was acquired by Highway in 2022.
Similarly, shifting freight from road to rail or waterways offers lower-emission alternatives for long-haul transport. Ethical sourcing is a fundamental aspect of social sustainability. Companies are increasingly adopting electric and hydrogen-powered vehicles to transition away from fossil fuels.
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. Mike Baudendistel and Joe Lynch discuss the CPG supply chain.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. This trend was a while in coming. to 0.85 (Source: ShipBob ). The key takeaway?
The Need For Supply Chain Innovation: Why You Should Watch These Four Trends ? For instance, Maersk and CMA CGM are building end-to-end logistics capability chains, while over USD 6bn was invested by VC investors in freight marketplaces alone through 2019. Source: US Census Bureau. Customer control and ever-rising expectations.
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.
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. 8 Freight Shipping Trends Shippers Must Know for 2017. Freight Rates Will Increase.
With over 25 equipment types, not just Dry Van, Reefer and Flatbed, Farelanes provides truckload freight data analytics services for North America. Data Sources and Accuracy: Farelanes sources its data from trusted nationwide and custom geographic segments, ensuring accurate and transparent real-time pricing information.
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!”
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.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform.
As Asia-Pacific production ramped up, competition was on to source the scarce goods and to get access to the limited transportation capacity available to move these goods to their destinations. And with these increased prices, you see potential profits for logistics service providers and freight cost pressures for importers.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Leveraging historical data with current market trends, and layering human review and intervention provides insight into OTR transportation optimization opportunities. a shipment?doesn’t
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.
The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. Inform yourself on these trends by downloading the Capgemini/Penn State/Panalpnia 2013 18th Annual 3PL Study.
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.
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. Here’s our pick of last month’s news, especially where they plug into broader trends.
The freight market has been on the receiving end of several systemic shocks that continue to affect industry providers and shippers alike. And when you add in the current labor and commodity shortages along with an inflationary environment, it is apparent why freight rates have been steadily climbing.
Demand forecasting in supply chain management is the process of predicting customer demand, supply trends, and pricing fluctuations. Image source: Stefan de Kok 2. weather, social media trends). Companies can also reduce overhead due to overtime and expedited freight by more than 50%.
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. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. E-commerce models exacerbated this trend while supply variability challenged order reliability. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing.
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.
In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Is this the end of the outsourcing trend?
For UPS, “networked for growth” involves migrating its existing networks (Small Package, Freight, Logistics, Forwarding, and Technology) toward a single interoperable network, which would enable the company to provide more integrated and enhanced customer solutions and drive greater process efficiencies and innovation powered by analytics. .
We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. Supply chains will get more regional and focus more on alternate sourcing/ substitution options. Companies will also look to shorten and localize supply chains.
Supply chain woes accelerate reshoring, nearshoring trend. The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. So a quarterfinal run is the reasonable ceiling. trade with Asia.
Look at these 7 supply chain trends as a guide to better your supply chain today. In this article, Professor Burcu Keskin from University of Alabama will share 7 supply chain trends that working professionals should watch. INFOGRAPHIC] 7 Supply Chain Trends as Laid out by Supply Chain Expert. 4) Management of Complexity.
While large national networks comprise a significant percentage of transportation service providers' shipping options, several challenges present if these are the only OTR freight transportation sources considered, including. Download the White Paper: Over the Road Freight Management Trends. current LTL transportation ?rates
For my company FourKites , quality data is core to everything we offer customers, from providing real-time transportation visibility to a host of more advanced data science-based capabilities, such as our patented methods for predicting ETAs for that freight with incredible accuracy. But data can and does go bad in many different ways.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. And now on to this week’s logistics news.
The percentage of purchases made and fulfilled through digital commerce has exploded in the past two years, advancing a pre-pandemic trend by as much as 10 years according to some industry watchers. Their transportation networks are more diverse, in many cases aided by connections to digital freight marketplaces.
The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. million freight containers each year. But this spike put capacity on container ships at a premium, pushing freight rates way up as well.
As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. Do you have the right people in place?
Mr. Wood believes there is a significant trend that is occurring with respect to the trade compliance department in companies. McKee from SAP agrees that many companies have moved past a narrow focus on following the law towards a major trend towards using GTC solutions for duty minimization.
Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies. The results show some of the biggest supply chain management trends in supply chains for 2015.
Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Then, we’ll delve into three of the latest trends and five steps you can take to best manage your returns. The Latest Trends in Retail Returns. The Goals of Customer-Centric Retail Returns. According to the U.S.
While it’s undeniably important to source products responsibly and produce recyclable or reusable products, companies also need to focus on making the transportation and distribution of products more sustainable. greenhouse gas emissions can be attributed to the freight transportation sector. as an example, we see that 7% of the U.S.’
This trend has important implications to supply chain planning. A recent special report by The Economist says that while most people assume that shrinking supply chains are caused by political factors such as tariffs, in fact there are deeper long-term trends at play. But first let’s take a look at the factors driving this change.
These price changes can ripple through supply chains, affecting freight budgets and delivery schedules. How to Tackle It Monitor Market Trends : Stay informed about industry pricing trends and adjust your logistics strategies. Diversify Supplier Base : Work with multiple suppliers to reduce dependency on a single source.
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. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.
For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Should you keep work in low cost geographies, establish sources in multiple geographies, or on-shore work into high cost domestic countries? Geographic Sourcing History.
Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). In many cases, we look at recent trends and simply project them forward, but this assumes that the factors impacting that trend, either directly or indirectly, will remain the same, which is often a false assumption. Further “consumerization” of business IT.
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