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This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. There is a driver shortage.
Original Article: What Shippers and Retailers Need to Know for Peak Season Planning 2022. Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. What Shippers and Retailers Need to Know for Peak Season Planning 2022.
Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics. One hundred percent of our customers are in trucking and logistics including ~10,000 motor carriers and ~800 freight brokers. During his tenure, they went from $500M to $3B in sales. The Greenscreens.ai
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.
Charley is currently working on a number of freight-related projects including a stealth startup focusing on automating global trade and acquiring logistics business. The podcast interview was based on an article Charley recently wrote called: Top Trends in Supply Chain Technology for 2021. Trend number 4 – Freight FinTech.
From social media, public opinion, company-specific data, and political forums, there’s an unlimited number of news sources available, so finding trusted information is as important as ever. Is this article relevant to what you need? Why was the article written? Each week, Trinity’s Freight Agents receive a Weekly Update email.
The days leading up to Hurricane Milton saw Florida-bound freight diverted elsewhere, with food and beverage and produce customers being the most prominent to send their freight to alternate destinations. If issues persist longer than a week, other parts of the retailer’s network will absorb that freight.”
That legislation is meant to regulate the flow of Chinese data overseas and ensure the gathering of such data is minimized, according to state-run media. That legislation is meant to regulate the flow of Chinese data overseas and ensure the gathering of such data is minimized, according to state-run media.
What are the biggest contributors to freight spend? Is it freight pricing models, capacity constraints, lackluster carrier density or something else? And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best.
Today’s article is from Blume Global and highlights why air freight forwarders must help industry increase air cargo visibility. They need greater access to data to show not only where shipments are throughout the entire journey in real-time, but also their safety and integrity. To read the full article, click HERE.
from their November 2022 peak of $930 million according to non-seasonally adjusted US Census Bureau data released on Monday. from April, the unadjusted Census Bureau data showed, but no more than expected when accounting for seasonality in the late spring. READ THE FULL ARTICLE HERE Wholesale retailers reduced inventories 1.4%
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 would be folly not to take advantage of data availability and accessibility.
In this article, we will discuss why benchmarking is so important, how it works, and how you can use it to maximize your efficiency when shipping goods. Final Thought Benchmarking your freight rates is an essential part of running a successful business in today’s increasingly competitive environment. What is Benchmarking?
That data is pretty staggering! From our seats, we’ve noticed that our most successful freight agents have developed certain habits that propel them to success. So, what ARE the habits of successful freight agents? Being a good listener is a vital habit for an independent freight agent’s success. BE A GOOD LISTENER.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOC Compliance?
The index correlates growth or shrinkage to overall industry volume of freight shipments and product prices. “We Ultimately, the index is built to provide shippers with relevant data that they can use to improve customer experience, logistics capacity management and budgeting. READ THE FULL ARTICLE In fact, 65.8
Does your supply chain depend on container freight shipping? At Logistics Bureau, we have supply chain consultants available to help you improve volume forecasting and attain the most favourable container freight rates possible, even during this period of pandemic-induced turmoil. Adjust to a Carrier-centric Freight Market.
Do you ever think about what would happen if your very best customer for whatever reason stopped moving freight with you? Many Freight Agents found the first several months of the Covid-19 pandemic a cold reminder of why they should always be sales prospecting for new business. Some Freight Agents’ businesses completely failed.
It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market. READ THE FULL ARTICLE BlueGrace SVP of Managed Services Jason Lockard said that the 5.9%
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?
In the fast-evolving landscape of chemical logistics, artificial intelligence (AI) promises remarkable advances, particularly in data management, forecasting, and route optimization. However, despite AI's growing capabilities, the human element remains irreplaceable when it comes to bulk chemical transportation.
Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.
Three technologies have emerged as game-changers for third-party logistics (3PL) and supply chain experts: large language models (LLMs), freight optimization platforms and no-code automation. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.
Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - May 22, 2024 Brian Straight | Supply Chain Management Review May 21, 2024 More shippers are optimistic the market is stabilizing, even as new data suggests freight shipments continue to decline on a year-over-year basis.
Having the data in the first place is important, and that doesn’t happen overnight. I hope that the ability to integrate different data systems gets better. [30:05] 30:05] Who do you think will be successful among the digital freight brokers? . NEXT Trucking is an emerging player with a lot of cap to freight.
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. KPI dashboards and reporting: This is linked to tip #3 above.
Thats what well explore in the article, both as a general indication of the supply chains impact on future business performance, and a guide for potential investors. What should investors look for when deciding which companies offer the most promising possibilities of healthy yields? Which Supply Chain Approaches Will Drive ROI for Investors?
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
Here at Freightos, our vision is to digitalize international freight–air and ocean. But so far air freight and ocean freight have gone in different directions. There is progress in digitalizing ocean freight, but its been slow and inconsistent.
Cassidy | JOC.com September 25, 2023 US shippers uncertain about sales and order volumes this holiday season are likely to increase less-than-truckload (LTL) shipments despite lower truckload rates, data from an industry survey suggests. Seasonally adjusted data for merchant wholesalers showed a 1.39 31 earnings call. a year ago.
In 1973, the ATA introduced the Truck Tonnage Index, a monthly estimation of the total weight of freight transported by truck in the United States. This article shares details on the Truck Tonnage Index, how the data reflects the overall economy, and other ways to interpret the data. Data Collection.
Today’s article is from GlobalTranz and looks at the difficult decision of transitioning in-house logistics to managed services. The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. To read the full article, click HERE.
Expert support is ready to assist with your freight programs. In this article, we will uncover the secrets behind the most popular slots of the year at Yukon Gold Casino and why they have become the go-to choices for players far and wide. Don’t let lack of freight integration stop your progress! Freight Stuck In The Past?
Currently, we are seeing interest rates above seven percent , and the future freight market is not clear. As a Freight Agent, what should you be doing in this uncertain freight market? 1: Have Access to Data and Know It The first part of this tip should be simple. Like a warm blanket on a cold night.
Today’s article comes from Emerge, and looks at how to create full truckload budgets in a volatile market. Whether it’s for ocean freight, air, rail or truck, the fundamental issue with budgeting is that folks are called upon to assign accurate costs to transportation services that will be provided in the future.
Carriers struggle to cope with equipment shortages as transshipment ports see an increase in October cargo rollovers, reveals the latest Ocean Insights data. in October 2019, according to Ocean Insights, the world’s leading real-time and predictive ocean container tracking data provider to forwarders and shippers. from 30.4%
Each week, you’ll learn about another index found within SONAR, the freight forecasting platform from FreightWaves. This week, learn how freight market participants, especially those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freightdata and activity.
In a recent post by Gaurav Bajaj , Solvo’s CEO, Will Urban, former Chief Revenue Officer at Flexport, affirmed this – “data entry, tracking, and basic customer enquiries all consume a vast amount of time.” Artificial intelligence in logistics is not a magic wand that will cure all for freight forwarders.
Nearshoring continues to go strong,” said Ben Enriquez, head of Mexico logistics and customs at Uber Freight. TQL data showed that trade going through the city is up about 8% from last year, now making it the busiest trade port in the U.S. READ THE FULL ARTICLE We’re seeing less activity in the interior of the country.”
And it added that by analyzing revenue forecasts, inventory levels, and order volumes, it provides industry stakeholders with valuable insights into what to expect next quarter and how that reflects the freight market. READ THE FULL ARTICLE increase in neutral inventory sentiment, that translated into a 51.7%
Reprter | Transport Topics June 20, 2023 Now is the time for carriers to position their operations for a long-term balanced marketplace, as declining freight volumes in the post-COVID era signal a return to more normalized demand, logistics experts said. READ THE FULL ARTICLE Happy people produce 15% more than unhappy people.”
If you’re reading this article, more than likely you’re interested in a TMS but are hesitant. A TMS can often end up saving you money in the long term by helping you better manage your freight spend and performance. As mentioned above, most often all your freight is not hauled by the same carrier. No business is too small!
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