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He is responsible for driving strategy, customer engagement, and industry analysis. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx. Prior to his career in logistics, Adamo worked in pricing and analytics at a deregulated energy provider.
Immigration policy proposals suggest stricter controls, which could reduce the available labor pool in industries such as physical security, commercial cleaning, pest control and landscaping. Lowering the Corporate Tax Rate The new administration has indicated there may be an even further reduction to the 21% rate established by TCJA.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer.
Kevin is the Vice President of Sales at Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. is a pricing platform specifically tailored for the truckload spot freight market. offers real-time market price predictions that take into account the buying power of your company.
Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. As a result, the company had to lay off workers and reevaluate its entire strategy – even as tariffs are paused – due to a lack of supply chain flexibility.
Flatbed Messenger eliminates empty miles by matching Home Depot’s dedicated capacity to Loadsmart shippers who need flatbed services. Enterprise brands looking to reduce empty miles from their dedicated/private flatbed capacity can reach out directly to flatbedmessenger@loadsmart.com for more information.
Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Reduce shipping and inventory costs to gain pricing flexibility. It should have robust tools for data analysis, reporting, tracking, forecasting and managing inventory.
From 2006 to 2020, Chris played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics (a UPS Company), a leading provider of non-asset based 3PL solutions across North America and Europe. The next 3 bullet points are cut and pasted from the Picket Research website. He earned a B.S.
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?
Boosting Sales in the Logistics Industry: Proven Strategies for Growth In todays competitive logistics industry, increasing sales requires a combination of strategic planning, advanced technology, and a customer-centric approach. Below are key strategies to enhance sales and drive revenue in the logistics sector.
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. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.
Previously advised companies on corporate strategy and M&A in Brazil and New York for 8 years. Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. About Felipe Capella. About Loadsmart.
ISO provides a neutral, single source of truth for logistics performance, eliminating siloed systems and human analysis. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins. The Greenscreens.ai
Throughout her career, Sarah has been recognized for developing and executing sales strategies that help clients choose the best products for their needs. The platform also includes features like credit reports, fuel price data, and broker authority information to further assist users in their decision-making process. The Greenscreens.ai
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. The merger of fleets may reduce market competition, leading to higher prices and fewer options for smaller carriers.
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.
You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.
Flexibility in a Volatile Market: As pricing and freight capacity fluctuate, procurement professionals need to adjust rates quickly without lengthy RFP processes. Partnership-First Approach: By eliminating the burden of frequent, large-scale tenders, shippers preserve key relationships with providers, ensuring collaboration over competition.
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.
The specific focus of this article, is on traditional Third Party Logistics (3PL) contracts and the types of pricing mechanisms available for use within warehousing contracts, and does not cover other very important aspects such as: Planning and management of the selection process. So reducing costs post implementation can be very difficult.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.
High Shipping Costs With tariff-related price increases, businesses may consolidate shipments to maximize efficiency and reduce the per-unit cost of transportation. Businesses pass on the rising costs of these logistics to customers, which raises the retail pricing of a variety of goods.
Earlier this week, OPEC+ announced a significant production cut of the world’s oil output. The cut, announced Monday, means OPEC+ will produce about 1 million fewer barrels of oil a day. Here’s why: in general, oil production levels directly affect tanker shipping prices.
Despite this, bloated inventories due to reduced consumer demand are still putting pressure on warehouse rates, leading to a new inflation warning for consumers. However, with demand now lower-than-anticipated, warehouses are operating at reduced capacity, leading to higher warehouse rates.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Reverse Logistics Strategy 1: Don’t do it! Clearly, successful reverse logistics cannot be left to luck.
Judah Levine October 15, 2024 Weekly highlights Ocean Rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $5,565/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 1% to $6,787/FEU. Europe prices (FBX11 Weekly) fell 11% to $3,625/FEU. America weekly prices decreased 23% to $5.43/kg.
Every shippers challenge in freight cost reduction is likely to be unique, but the following ten ideas might provide some inspiration when youre seeking ways to move more for less. In these cases, customers can benefit too, by reducing the number of inbound shipments they need to handle.
From 2006 to 2020, Chris played key leadership roles (including Chief Strategy Officer from 2010-2020) at Coyote Logistics (a UPS Company), a leading provider of non-asset based 3PL solutions across North America and Europe. The next 3 bullet points are cut and pasted from the Picket Research website. He earned a B.S.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies.
Let’s put a major multinational – Saint-Gobain – under the microscope to illustrate how this kind of analysis. It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building. Who is Saint-Gobain? Compagnie de Saint-Gobain S.A. and Data Science.
Previously advised companies on corporate strategy and M&A in Brazil and New York for 8 years. Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. About Felipe Capella. About Loadsmart.
Ben is VP of Account Management at Loadsmart , which is transforming the future of freight, they leverage artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. No more back and forth emails and phone calls haggling over pricing. About Ben Buchanan. About Loadsmart.
Ben is VP of Account Management at Loadsmart , which is transforming the future of freight, they leverage artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. No more back and forth emails and phone calls haggling over pricing. About Ben Buchanan. About Loadsmart.
Falling domestic prices will make U.S. The congestion in ports has started to ease gradually and the chances for exporters to find reservations and load at more competitive prices will increase. Undoubtedly, this situation, together with the situation in the domestic market where prices are falling, will lead U.S. The Market.
Such price differentials are particularly prominent regarding premium or preferential services. Even with the higher quotes and prices, there is no guarantee of premium space. The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence Maritime Analysis. Wrapping Up.
This feature is particularly beneficial for LSPs preparing tenders or tariff proposals, as it provides a structured approach to pricing. Minimum Travel Time Optimize routes to reduce time spent on the road. Input Based on Dataset: Save Time and Reduce Errors Manually re-entering data is now a thing of the past.
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. kg China – N.
Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.
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. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.
Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Again, these are changes that can add to your cost-to-serve, and, during your transition, you might not have had time to look for ways to reduce expenditure. Rework – due to errors.
Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.
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. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU.
Fuel costs: Last-mile fuel costs require careful management as they make up 25% of a truck’s operational costs over volatile price fluctuations. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024.
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