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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.
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.
In transportation, digital freight procurement and asset tracking & data mining are in broad use. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations. The post Top Transportation Technology Trends appeared first on Logistics Viewpoints.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. About FreightWaves.
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.
Here are five trends that all shippers should be keeping an eye on as they plan their ocean freight movement in 2021: The container shortage is still in full force, but it may be easing somewhat. Comparing that to March 2020’s prices, CNBC says freight rates from China to the U.S. rates are up 145% year over year.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
Preliminary November North American Class 8 net truck orders saw both sequential and annual declines, according to recent data respectively issued by freight transportation consultancy FTR and ACT Research, a provider of data and analysis for trucks and other commercial vehicles.
When it comes to the movement of freight, one megatrend driving the need for better technology is the driver shortage. TuSimple – a provider of autonomous freight semi-truck solutions – has said their technology will be operational by 2024. TuSimple is offering freight as a service to shippers and carriers.
Relying solely on manual shipping data analysis continues to yield poor results. And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. By using descriptive and diagnostic analytics, freight management parties begin to see not only what happened, but why.
They offer a Custom Content Growth Model that includes strategies such as brand and content strategy, audience research, competitive analysis, and digital content roadmap. They also serve the trucking industry by offering brand and content strategy, audience research, competitive analysis, and digital content roadmap services.
Freight claims processing is often completed by employees using traditional, inefficient methods, such as spreadsheets. However, freight claims management is important and merits more attention, especially when trendanalysis shows factors leading to recurring claims.
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes.
Making the most out of today’s challenging supply chain trends requires a deep understanding of the market and timely information that helps you achieve a competitive advantage. Q1 2022 Supply Chain Trends and Hot Topics. In our first Market Insights Live! How is C.H. and Global Forwarding Insights web pages.
webinar of 2021, my colleagues and I provided analysis on today’s leading freight shipping topics, including the potential impact of the U.S. We answered questions live, but there were many great freight shipping questions submitted that we didn’t have time to address. Do you expect this trend to continue? (10:25).
Co-hosts Kyle Taylor and Luke Falasca focused on freight forecasting during COVID-19 on this episode of #WithSONAR. 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. It has been recognized by Inc.,
The Top 7 Stories in Freight. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. The California freight market is a mess. The freight markets have re-entered “chaos as usual” territory. As such – the freight market continues to boom. Get the full details here.
Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Measuring performance with transportation KPIs and freight data is getting easier. Budgeting and managing freight costs are critical to overcoming any disruptions and increasing profitability.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By combining order-level management with cost to serve analysis, businesses gain unparalleled transparency into their operational costs.
And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available top freight podcasts. On LinkedIn , I asked my network what they thought were the top freight podcasts in the industry. Join FreightWaves’ hosts Dooner and The Dude twice a week as they discuss all things freight.
Getting a better shipping experience is easy with an optimized supply chain and a robust freight brokerage setup. Creating the perfect supply chain can be a challenge, but freight managers can do some simple yet practical things. Data collection and analysis can be accurately applied to the network.
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.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
Blog " * " indicates required fields Email * More Resources Home August 29, 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.
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. In turn, that slows down contract freight and reduces how much contracted truckers earn.
The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .
Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Often this means contracted volume is the way to go.
Today, freight load management is a major trouble area for carriers and logistics managers within the shipping industry. And the overall industry trucking trends imply an absolute need to grow more strategically. For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption.
Freight transportation makes up over 10% of total global carbon emissions. With rapidly increasing freight demand worldwide, it is expected to become the highest-emitting sector by 2050.1 On the other hand, increased reliance on faster but less eco-friendly modes like air freight during peak seasons could explain carbon increases.
More Resources Home March 12, 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 weekly prices increased 35% to $2.97/kg.
During the Red Sea crisis situation, many freight forwarders are going through difficult situations. But, at the same time, some freight forwarders are enjoying the additional business. The Red Sea Crisis is having a mixed impact on the profitability of freight forwarders due to various reasons.
More Resources Home September 26, 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 weekly prices increased 7% to $3.70/kg.
It has been an unprecedented and bumpy ride for the freight market in 2021. As predicted in our earlier posts, freight rates have skyrocketed to never before seen levels in 2021 due to two main reasons. Freight rates. Going into 2022, there are many unknowns and it is extremely hard to predict freight levels.
Bank , offering a comprehensive analysis of freight shipping rates. Drawing on a wealth of reliable sources, including FreightWaves’ extensive SONAR datasets, BlueGrace Logistics’ operational perspectives, and US Bank’s financial insights, the report delivers a holistic view of current shipping rate trends.
And with these increased prices, you see potential profits for logistics service providers and freight cost pressures for importers. Mr. Ryan’s statements are based on a sound quantitative analysis of what is occurring. These challenges are too complicated to be met without the use of technology.”.
Securing capacity for global air shipments has become more difficult this year as total freight volumes receded and as carriers reduced their flights as a way to offset that drop in volume. The latter is a particular concern for shippers that rely heavily on air freight. What’s Driving the Trend? Total volume fell by 12.6%
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.
There are many variables affecting ocean freight rate fluctuations. Carriers will want freight rates at higher levels to maximize the profits per-vessel, while BCOs will want to ship with the best possible cost out there. Consumer Demand and Vessel Supply Consumer demand and vessel supply have the biggest impact on freight rates.
More Resources Home May 15, 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 weekly prices fell 12% to $3.60/kg.
Bank , offering a comprehensive analysis of freight shipping rates. Drawing on a wealth of reliable sources, including FreightWaves’ extensive SONAR datasets, BlueGrace Logistics’ operational perspectives, and US Bank’s financial insights, the report delivers a holistic view of current shipping rate trends.
So, once the right value to the customers is not given and prices went up in an extraordinary fashion, customers’ perspectives changed, and today we see this trend of commoditization of freight. Unfortunately, commoditization of freight is making the interactions among companies more transactional than relational.
More Resources Home March 19, 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 weekly prices increased 32% to $3.93/kg.
It is something that needs to be practiced more often when it comes to planning and predicting freight rates. For instance, using the trends and seasonality within the Outbound Tender Rejection Index, shown above , logistics coordinators can create responses to RFPs based on like a higher all-in rate.
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