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Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. His expertise extends across a diverse range of industries, including healthcare, energy efficiency, logistics, and technology applications. logistics market. By leveraging comprehensive data analysis, Greenscreens.ai
“With Shipsta’s Rate Refresh feature, we can quickly adapt to changing market dynamics without extensive work required from us or our partners whilst maintaining full track and auditability of all changes in our contracts globally,” said Peter Stockhammer, Head of Global Logistics Procurement at PUMA Group. Why Rate Refresh?
They play a vital role in boosting customer satisfaction and maintaining a competitive edge in the logistics market. This allows a delivery business to anticipate demand patterns and optimize routing effectively, ultimately improving delivery metrics and logistics performance. Start Using RouteManager!
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
Do you dream of breaking up with your current logistics management processes? Managing logistics effectively is crucial for businesses of all sizes. Many growing companies face headaches with logistics management, and for good reason. This makes measuring the success of your logistics difficult! Youre not the only one!
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. And it’s essential to know a few things about enterprise shippers’ top logistics tactics.
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.
One of the most crucial aspects of logistics management is the process of trade agreements and annual negotiations. Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. Download the White Paper.
Relying solely on manual shipping data analysis continues to yield poor results. Outdated analysis and management methods are becoming increasingly more difficult amid lockdowns, supply shortages, and increased consumer demands. And that’s a remarkable advantage in the profit margin-thin world of logistics. Request a SONAR Demo.
But more analyses are a hard-sell for busy logistics managers. According to Talking Logistics with Adrian Gonzalez , “Transportation professionals are so consumed with managing immediate needs that it’s often difficult for them to step back and consider longer term strategic objectives.” Gather data for the analysis.
If you work in logistics, you’ve likely heard the term TMS before. A TMS is a software program that allows you to manage your entire supply chain, including your internal logistics department, suppliers, warehouses, carriers, vendors, etc. I FEAR OF LOSING MY ROLE IN LOGISTICS MANAGEMENT. Not Getting Insight into Your Logistics.
same-day delivery, logistics, courier services, freight) Your mission statement Business objectives and key milestones A snapshot of the market opportunity and how your service fills a need Remember, the goal is to capture attention and make it clear as to why your business will succeed. Competitive Analysis : Who are your competitors?
Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. America weekly prices increased 9% to $2.00/kg.
Where a supply chain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas. An effective active routing program allows for the inclusion of data points and analysis to be factored in. Request a SONAR Demo.
With the digital transformation of the supply chain on the horizon, it is essential to understand what automation would mean for logistics as a whole and how it can benefit your supply chain. Supply Chain and Logistics is Embracing New Technologies. This thought can be daunting to those currently working in supply chain logistics.
Judah Levine January 30, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 38% to $4,099/FEU. America weekly prices increased 2% to $1.98/kg.
One of the most significant challenges facing logistics managers is route optimization. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too. Request your demos below. Request a SONAR Demo.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $2,357/FEU.
Ultimately, it comes down to how good logistics managers get at transportation rate forecasting. Understanding why rate forecasting is so vital and how accurate data and analysis can help improve predictions are essential. Request a FreightWaves SONAR demo now to get started. . Request a SONAR Demo.
Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Europe – N. America weekly prices climbed 1% to $1.84/kg.
Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.
As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Leverage freight data analytics to simplify logistics management. Request a SONAR Demo.
The costs of logistics as a ratio of total expenses are too significant to ignore. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. In most industries, supply chain logistics account for 5% to 50% of a product’s total cost.”
Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU. America weekly prices increased 5% to $2.10/kg.
The intuitive augmented reality app provides data visualization and error analysis by merging machine, sensor and diagnostic information with the real environment using technology most people carry in their pocket. SICK UK unveiled its trailblazing SICK Augmented Reality Assistant (SARA) at Smart Factory Expo 2024 in Birmingham.
Lower attrition rates with data collection and analysis across all movements Carrier profitability attrition rates are often the result of highly profitable loads subsidizing lower profit activities. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
Subscribers receive near-time market intelligence to improve pre-RFP strategy analysis and can identify new market opportunities with little to none native, historical data. David Spencer, the Director of Business Intelligence at Arrive Logistics and #WithSONAR’s co-hosts discussed the outlook for 2021. It has been recognized by Inc.,
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Hurricane Milton battered the west coast of Florida last week. Europe – N. America weekly increased 2% to $1.82/kg.
In today’s fast-paced world, efficient delivery scheduling has become a cornerstone of successful logistics. Implementing predictive traffic analysis and real-time GPS tracking can help navigate these issues, allowing for immediate rerouting if needed for an effective delivery schedule. Start Using RouteManager!
Judah Levine December 13, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $1,603/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.
The company will be using the event to introduce an AI detection camera for vulnerable road users (VRUs) as well as demo its AI-powered post-analysis software, NARA, which was launched earlier this year. “We The post VisionTrack Targets Road Safety with AI Video appeared first on Logistics Business® Magazine.
Could your company be wasting money on a logistics strategy that doesn’t work? Logistics optimization strategies such as improving your load planning processes can be an effective way to reduce freight costs by as much as 10 to 40 percent. Start saving time and get your free supply chain analysis with Trinity Logistics.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Europe – N. America weekly prices rose 2% to $2.14/kg.
It has been and remains a key part of the transportation and logistics puzzle for enterprise shippers today. The world is more connected than ever before, especially in terms of shipment and logistics management. Streamline data collection and analysis. Request a SONAR Demo.
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, Canada’s Labor Minister ended the separate labor disputes – one on each coast – that had resulted in lockouts at Canada’s major container ports. America weekly prices increased 9% to $2.60/kg.
Unlike waiting on data on freight tenders until the bill is paid, audited, and settled, submitted tender data via EDI or API offers a better way to approach predictive modeling of logistics. The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week.
Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization. Europe – N. America weekly increased 1% to $1.88/kg.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis A massive container explosion on a vessel docked at the Port of Ningbo on Friday – the most destructive of several recent container fires – closed the port’s Phase III Terminal for 60 hours over the weekend.
Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization. America weekly prices increased 3% to $2.15/kg.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean peak season’s early arrival together with Red Sea diversions straining capacity and schedules continued to result in worsening congestion, equipment shortages and elevated prices this week.
Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization. Europe – N. America weekly prices fell 1% to $1.61/kg.
Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization. Europe – N. America weekly prices fell 2% to $1.77/kg.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis An early start to ocean peak season – driven by signs of economic recovery in Europe and, in N. Europe – N. America weekly prices fell 2% to $1.66/kg.
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