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Joe is Founder and CEO of The Logistics of Logistics , a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. Michelle Sodomka, a Senior Director at Open Sky Group. Nevertheless, she believes the revolution in freight logistics is coming; it is just a matter of timing.
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Below are some highlights from Seth’s article, 2023 Top 100 Logistics List Highlights Growth for 3PLs. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom.
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.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Another rise we’re keeping an eye on is the Outbound Tender Rejection Index, the rate at which carriers are saying “no” to freight where they have paper rates with a shipper.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. from the New York Fed Consumer Credit Panel shows the rise in consumer delinquency particularly in those groups that utilize more than half of their available credit line.
In this article, well outline some of the best practices for both USA-Canada and Canada-USA imports, to help you navigate the LTL import process and provide you with a seamless shipping experience. Our all-encompassing freight shipping guide goes into much more detail about it. Ready to ship? Happy shipping!
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. China overtook the grouping of the Rest of the World countries to reach the highest number of vessels in the world in 2019.
Personal shippers and businesses should be taking advantage of the opportunities presented by the existence of freight forwarders. Hence, it is not surprising that early analysis indicates that 8 out of every 10 participants in the survey had never heard of the term “freight forwarding.” So, what is freight forwarding?
The Top 6 Stories in Freight. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. FREIGHT CHART OF THE WEEK: If you look at one chart this week, make it the outbound tender volume index. It’ll show you exactly what’s going on in North American freight. Get the full details here.
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.
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?
Based on this, there seems to be a natural and immediate view that these lines fit the definition of cartel “ A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. I have reproduced the thought provoking article below.
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. Increasingly I think it’s an ultramarathon.
3PLs that specialize in other services like air freight, sea freight, warehousing, etc. Bigger 3PLs will typically have a carrier procurement group and thousands of partner relationships. Custom’s requirements are ever changing, so hire a company that moves freight daily over these borders. Original article: [link].
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.
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.”
Freight consolidation is one way to save on freight costs and include a ton of other advantages for your shipments such as better security, consistent shipping schedules, and better overall business performance. In this article, we’ll discuss what freight consolidation is and why it’s a great choice for businesses of all sizes.
Yet, as Vivek Vanwari, an ex-VP at Kuehne+Nagel, emphasized in the same article, “in forwarding, the relationship is so important. Nikolai Bozhilov, Executive Chairman of freight forwarder Unimasters, shares that they’ve used “digital labor” in other domains too, including sales, marketing, and financial forecasting.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. ARC Advisory Group began conducting formalized research on the global warehouse automation market in 2014. One of my predictions within that article is that inflation will hinder supply chain resiliency efforts.
container depots, sea or air transit sheds, air de-grouping depots, railway stations, etc.) ; This means the entities exercising release controls on behalf of SARS (e.g. container operators/carriers, container depots, sea or air transit sheds, air de-grouping depots, railway stations, etc.) 91 of 1964) remains unchanged.
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. 17% went bankrupt, went private, or were acquired.
It was recently reported that one of the world’s biggest container logistics companies, Maersk, will only handle cargo from direct shippers, cutting out freight forwarders. 1 carrier stopping its dealings with even a portion of the world’s freight forwarders? It seems to me small freight forwarders, in particular, are at risk.
From a historical perspective, transportation management systems are all about freight savings. The enhancements to the solution are grouped into three main categories: unification, simplification, and performance. This article only touches on a few of the recent capability updates within Manhattan Active Transportation Management.
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.
“The concern I have is there’s nobody new available when the freight comes available. million, as calculated by East Lansing-based Anderson Economic Group LLC. READ THE FULL ARTICLE HERE. You can’t find a driver,” Hitchcock said. “There’s gonna be a shortage of nitrogen fertilizer.”
Dealing with overage, short, and damaged freight ( OS&D) within the supply chain network is a vital part of management’s job. Learning to manage overage, short & damaged freight quickly must be a top priority for all supply chains. Keep Everything in Context, Such as Damage Caused by Weather or Unforeseen Events.
While it was a bit tough to jump right back into the swing of work, I saw an interesting article about workplace conditions when I got back. according to the report, which was released Thursday by the Environment California Research & Policy Center and the Frontier Group. And now on to this week’s logistics news. percent for Q4.
For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Then there is the Russian blockade of Ukrainian ports with which carriers must contend. increase in wages.
As a trucker, being away from friends and family for an extended period of time can be challenging on your psyche, especially because you often transport the freight alone. An article published by Harvard Health speaks to this topic. Truckers for Truckers is just one example of a group on Facebook.
The freight transport and logistics insurance specialist insurer, TT Club is battling to convince cargo interests (shippers), supply chain professionals, and enforcement agencies that the responsibility for mitigating container ship fires rests upon all entities involved in the global supply chain.
Abatement: A type of discount granted to a shipper by a freight forwarder or carrier, typically in response to an overcharge or damage to the shippers cargo. ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls.
According to IMARC Group, the UK logistics market reached £394 billion in 2023 and is expected to reach £664 billion by 2032, with an anticipated growth rate of 6% per year. “Companies often pick the logistics partner with whom they are most familiar and have the greatest trust.
In one article , Mr. Sorenson points out that IBP works better for small manufacturers than large ones. Freight costs and capital intensity are 10 to 15% lower—and customer delivery penalties and missed sales are 40 to 50% lower. Dean Sorenson concurs. Mr. Sorenson has studied integrated business planning for many years.
So that’s the route we’re taking in this article, 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. The answer could be to focus on the execution side of route optimisation. Could Drones Ease Road Congestion?
From there, Allen explained how Envase uses a combination of acquisitions and technology development to assemble a collection of service lines such as Compcare Services, DrayMaster, GTG Technology Group, Infosite, Profit Tools, SecurSpace and Tailwind Transportation Software. Envase Mobile Driver App allows drivers to get more done daily.
Tech That Helps Small to Mid-Size Carriers Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - October 23, 2023 With inflation continually driving costs up and demand for freight down, experts say growth in the freight market will be modest throughout 2024.
This article examines the key risks and possible interventions based on recommendations by crime analysts. Because of the intricate planning involved, these criminals tend to operate in small groups. CargoNet released a report on the 29 th of June indicating that a total of $5.9 What does a cargo heist look like?
Body parts go missing all the time, so we have a blog article that people can look up on our website. I’ve also experienced this where we were moving freight from way down in Mexico all the way to Northeast Philadelphia, New York on a regular basis with million dollars’ worth of stuff. It’s called Where’s My Liver?
Yoon expressed his concern that cooperation only among groups, or blocks, of countries, is a risk and that such coalitions would do nothing to enhance resilience in the global supply chain, saying, “Building up walls and intensifying protectionism cannot be the right solution.” Hunt Transport Services Inc.’s and RDI Last Mile Co.
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