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Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industryanalysis.
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. Rate Analysis and Benchmarking: Loadsmart helps clients compare freight rates.
Sarah is a Shipper Sales Manager at DAT , an online marketplace that connects shippers and carriers in the transportation industry. Established in 1978, DAT established itself as the go-to source for industry trends and market intelligence for transportation brokers, carriers, shippers, news outlets, and industry analysts.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. Anthony’s clients varied from construction, trucking, industrial, software, manufacturing, and retail industries.
Those most impacted are industries that require strict timing, including automotive and electronics. Ports can also expand their terminal space and upgrade their equipment to enhance their capacity to deal with large quantities of cargo. Shipping Costs The effects of port congestion are also felt in shipping costs.
He’s been in the freight industry for 10 years and has touched everything from carrier sales to customer operations to account management. The industry today has changed dramatically from when he started, and that’s what excites him the most. About Nick Jensen. Nick Jensen is the Director of National Accounts at Loadsmart.
Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. Why Rate Refresh?
Chris’ passion for understanding US Truckload Freight Market dynamics and predicting the direction of spot and contract rates stems from his work at Coyote over this period where long-term contract commitments were often made based on an expected long-term cost of capacity in the spot market. He earned a B.S. About Pickett Research.
Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. However, the economic slowdown has left many shipping companies with excess capacity, exacerbating the problem of overcapacity in the industry.
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. Joe Lynch and Chris Pickett discuss what’s next for the freight market.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Transforming the $800 billion trucking industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. About Mark McEntire . Mark earned a B.S. About Emerge.
At KataCon 2020, Steve Medland posed a problem that comes up fairly often: The default Toyota Kata process analysis (“grasp the current condition”) involves determining takt times and cycle times for the process, and a lot of processes don’t have an obvious repeating cadence. First some background just to level-set everyone.
Last year was marked with capacity issues and high prices, but today, freight prices have decreased, while capacity has increased. Many of these large retailers have big wallets and volume, so in the future they will get the return on their investments by taking steps to secure capacity with carriers. Let’s not forget U.S.
Moller-Maersk, the worlds second-largest ocean container carrier, has finalized agreements with three shipyards to build 20 new dual-fuel container vessels with a total capacity of 300,000 TEUs. Once phased in, they will replace existing capacity in our fleet, added Cristescu. TEU while focusing on sustainability.
The coming months are going to be a real test of the shipping industry in terms of how it can manage capacity and coordinate to meet the needs of customers. Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. The statistics are startling. Contract Extensions.
Beyond the commercial production of carpets, this industry was born as a local tradition. While all Turkish exports decreased during this period, the carpet industry remained at the same figures and showed a commendable recovery, rising to $2.3 The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping.
The maritime transportation industry is undergoing significant transformation, driven by the increasing need for cost reduction, enhanced operational efficiency, and growing competition within the global supply chain. Expected Developments The Gemini partnership will manage a fleet of around 340 vessels, with a total capacity of 3.7
In addition, limited container capacity and port congestions mean that the long-term charges agreed in contracts between carriers and shippers will be an estimated 200% higher than they were a year ago. Suddenly, an industry that was sailing in the sea, which was previously barely noticed by the masses, became a very visible target.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Some minimal congestion – caused by the three day strike at the beginning of the month – remains at US East Coast and Gulf ports though operations have mostly recovered.
Meat Industry Losses: The U.S. meat industry reported losing approximately $85 million every week during the delays. These figures do not account for the broader impact on other industries like retail and food. So, global shipping capacity is already strained. Export Decline: U.S.
In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions.
Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity. Shipping from Asia is delayed by weeks given soft demand for apparel and other products, and some suppliers are turning to the airline industry — with air travel down by 95% — to reduce delays.
Deforestation Widespread deforestation in the region has reduced the natural water retention capacity of the forests. The post Navigating the Challenge: The Analysis of Reduced Water Levels in Panama Canal appeared first on More Than Shipping. This has a direct impact on the flow of water into the canal’s reservoirs.
Despite labor shortages for supply chain operations, limited warehouse space, congestion and lead time issues, the biggest problem in the shipping industry is still securing market capacity and pricing. How is ocean capacity and pricing looking heading further into 2022? Carriers’ new plans to add capacity to the U.S.
Robinson’s own technology and data from the largest network in the freight industry, our partnerships with research firms and universities help our customers stay on top of the trends that influence their supply chains. In the highly competitive trucking industry, freight rates are determined by supply and demand. Combined with C.H.
The problem of empty container repositioning poses a significant challenge in the international container transportation industry. However, refrigerated containers, or reefer containers, have limited cargo capacity compared to standard dry containers.
He has over 25 years of experience across all functions of the supply chain and IT in multiple industries including consumer products, life sciences, and industrial manufacturing. Shanna has experience in a broad range of industries including oil & gas, health tech, and consumer goods. Final mile capacity demand increases.
Industrial material production, food production, retail sales, and manufacturing continue to all be affected by this problem. Shipping industry analysts reported that blank sailings during the first nine months of 2021 were 7.7 The shipping industry’s reverse trip grew 6-7 times higher than before. Shipping rates.
While we’ve seen layoffs in the tech industry skyrocket over the past few months, we’re now observing them in the shipping industry – in the middle of Peak Season. While layoffs within the tech industry have unfortunately become common place with the current state of the global economy, the shipping industry has largely avoided them.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. However, here is my take in terms of what to expect for ocean shipping and in the broader shipping industry.
Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry.
Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.
The initiative aims to reduce India’s reliance on foreign carriers, improve trade efficiency, and boost its competitiveness in the global shipping industry. The announcement has been welcomed by Indian shippers who have experienced challenges in recent years due to high container freight rates and capacity constraints.
A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. This is in parallel with overall expectations from other industries, as the status quo will be the same for many different sectors. Lower freight rates. There are still big unknowns.
Chris’ passion for understanding US Truckload Freight Market dynamics and predicting the direction of spot and contract rates stems from his work at Coyote over this period where long-term contract commitments were often made based on an expected long-term cost of capacity in the spot market. He earned a B.S. About Pickett Research.
The ability of a military to conduct operations independent of anothers aid is intrinsically linked to the capacity to move, supply and support that force. National fuel supplies , prioritised sovereign defence industries and national manufacturing capacity , economic resilience in an era of globalisation.
Although we are unable to accurately predict the future, we are able to pinpoint some potential problems that the shipping industry may experience in the coming years based on current trends and difficulties. Also, automated and autonomous technologies have the potential to change the shipping industry and displace workers.
policy is over, and all industry stakeholders are positioning themselves according to the potential disruptive policies in the horizon. This front-loading and increased demand will come with capacity constraints, increased shipping costs, and higher rates for warehousing and trucking. Now, the U.S. The risk of unknown U.S.
Bank , offering a comprehensive analysis of freight shipping rates. This recurring publication serves as an invaluable resource for shippers, carriers, and logistics professionals, providing data-driven insights into the dynamic landscape of the transportation industry.
IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. For industry participants, data analysis presents an opportunity to optimize railway operations without adding costly infrastructure. million in 2017 to 3.7
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? The answer is not simple and involves research and analysis across a number of factors. Analysis of employment data. for Q2 2021, relative to Q2 2018.
Pairing advanced technologies with deep-seated industry expertise, Loadsmart fuels growth, simplifies operational complexity and bolsters efficiency for carriers and shippers alike. Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization automatically included in each quote.
Pairing advanced technologies with deep-seated industry expertise, Loadsmart fuels growth, simplifies operational complexity and bolsters efficiency for carriers and shippers alike. Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization automatically included in each quote.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Last week, transpacific ocean rates continued their slide that started early this month. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe rates of $3.70/kg
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