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Transportation Strategy Profitability Search Search BlueGrace Logistics - February 26, 2024 Transportation strategy plays a pivotal role in ensuring efficiency, cost-effectiveness, and ultimately, profitability for businesses.
We trudge on with our top posts from our main blog categories by page view for all of 2014 from the Cerasis blog by featuring another area Cerasis is an expert in: Transportation. Top 16 Most Popular Transportation Blog Posts of 2014. Read the Full Blog Post. Read the Full Blog Post.
In the rail industry, we believe that mounting pressure from an activist investor may mark a dramatic shift in focus at Canadian National Railway from an approach that balances volume, pricing and margins to an approach that is overly focused on cutting costs and capital expenditures at the expense of service levels.
From a manufacturing perspective, there’s nothing more frustrating than computer downtime cutting into valuable production time and setting a project back by hours, days and sometimes weeks. . Computer Protection: An Expense You Can Do Without? Reduced production . Honestly, that’s pretty alarming. Customer dissatisfaction .
An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management. Defining Transportation Optimization. Learn More.
With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. Download the WhitePaper. Cost reductionstrategies in supply chain management remain focused on getting loads from point A to point B as fast and as affordable as possible.
Inaccurate data leads to unnecessary expenses that can hurt the financial bottom line. This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Lagging data, while better than no data at all, leads to unnecessary expenses and avoidable costs.
As market volatility, delivery expectations and customer experience levels impact supply chain strategy, shippers are looking for new ways to drive operational and competitive advantage from external expertise. Download the WhitePaper: Transportation Optimization: Its Strategic Role in Transportation Management. Learn More.
Ocean freight managers will be able to easily calculate expenses vs profits to secure the best loads. . Multimodal freight lines can keep closer tabs on fees and expenses within all channels. . Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. Download the WhitePaper.
A certain level of fees and freight rating expenses are standard in shipping and transportation. Download the WhitePaper. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point.
These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs.
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. This will help in reducing rampant deadheading. Download the WhitePaper.
Download the WhitePaper. Part of that risk plays into how successful shippers or carriers will be with keeping their overhead expenses under control and maximizing efficiency. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple. Think about it.
Traffic and congestion are expensive and annoying problems for any city and its people. Download WhitePaper. The good news is, curb jockeying isn’t a terribly difficult or expensive problem to fix — and Siemens and other interested parties think they’ve cracked it. It seems to have been getting worse for a while , too.
A great deal of the cost that goes into shipping gets tied up in securing load capacity and budgeting for fees and expenses incurred along the way. Additional expenses are then absorbed by the shipper or passed on to consumers. Knowing predictions for fees and expenses can help shippers maintain a competitive advantage.
Aside from the implementation of automated technology and digital tools, one of the most significant shifts in the shipping and transportation industry focuses on reduced emissions. Why are more and more shippers and carriers working to reduce pollution and lower emissions? Download the WhitePaper.
The total value of resources, man-hours, construction, equipment, maintenance, fees, and other costs must be accurately estimated for expense prediction to be effective. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.
Freight intelligence tools help management develop a more unified freight strategy. The operating ratio is a measure of profitability from linehaul, accessorials and operating expenses, shown in the FreightWaves SONAR OPRAT index. Download the WhitePaper. Make strategic partnerships with brokers and other carriers.
And pre-emptive strategies that help isolate and address real-time problems will inevitably rely on real-time freight data and easy-to-access systems. As the issues build, mitigating efforts become more strenuous, resulting in lost revenue and time, as well as more significant expenses. Download the WhitePaper.
Poor tender acceptance strategies. Download the WhitePaper. In other words, logistics leaders must find and apply proactive data management strategies, including: Developing alternative transportation solutions, such as increasing the number of transportation brokerage partnerships. Empty miles. Here’s the kicker.
Download the WhitePaper. Alignment of rates with market stability grades reduces the risk of rejection and delays. Another critical concern is the ability to align freight rates with market stability grades to reduce the risk of rejection and delays. Shippers may renegotiate with carriers through mini-bids.
Full truckload shipping is generally less expensive than other over the road transportation modes. Yet, shippers should consider using a transportation consolidation program, as explained in the previous blog post, to gain better control over freight stand and stay profitable as shipping rates continue to rise. Download Here.
Capacity will shrink; profits will fall; expenses will rise; disruptions will increase; and opportunities will be missed. Download the WhitePaper. Improve, on average, profits while also reducing overall costs. To ignore it is to ignore the key to continued growth and recovery.
Download the WhitePaper. Remember that those fines amount to extra overhead expenses for carriers, so it’s a cause-and-effect relationship. Unify pricing strategies with freight forecasting tools The final step to getting more from your fleet requires freight forecasting tools.
When I hit publish on today's blog, we will have published 659 blog posts on the Cerasis blog, with our very first blog post coming nearly 3 years ago to the day. . If you are a regular reader (or heck even if you are not) what you will see from our blog is a focus on education.
You can shift all your crucial equipment to an area of your facility where the threat of damage is greatly reduced. What’s more, if it can’t be repaired you’re looking at a replacement and that’s an expense you can do without. nd whitepapers, for use by Armagard's marketing team.
As explained by the Small Business Chronicle , “Projected costs are based on prior sales numbers and anticipated increases in expenses. Observed] costs result when money is actually spent on the various supplies, services and other expense categories used by the business.” Download the WhitePaper. USA and FWSR28.USA
Automated truckload freight quotes reduce delays. The key to reducing issues and overcoming the obstacles is to automate the process of managing truckload freight quotes. Download the WhitePaper. By knowing current shipping expenses, trends and competitor rates, managers can better select and organize freight loads.
Email and fax don’t cut it. Download the WhitePaper. Aside from labor costs and energy use, transportation costs comprise a shipper’s most significant expenses. As reported by Forbes , “Many companies, for example, have moved to e-commerce[…]This means shipping via B2C channels versus B2B channels.
Download the WhitePaper. In other words, real-time data reduces confusion and streamlines collaboration with all supply chain segments to book more loads, execute more loads, track more loads while in transit, and audit all movements. SaaS-based freight brokerage software is critical to staying competitive.
Such applications of freight technology allow carriers to improve their systems across the board, improving profit margins, reducing load times, streamline shipping, and many more benefits. Download the WhitePaper. This struggle can finally come to an end through the use of modern analytics and data management.
And by using analytics, freight managers can promote increased insight into reefer efficiency, recognize when it’s time to rethink bidding strategies and determine which lanes and rates across contracts, as well as the spot market, are costing the business more money than necessary. Download the WhitePaper.
We recently partnered with Keep Truckin, released a new whitepaper, launched the Delivery Experience Manager for Final Mile logistics, won the Blockchain Innovation Award at #DataccioConnect Singapore, queued up our next industry webinar, joined the United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT), and a lot more.
Here are five things to cut out on the manufacturing floor that will improve performance…. However, what’s often overlooked is the role that the surrounding environment has on reducing manufacturing floor performance. 5 key things to cut to improve manufacturing productivity. Cut dust out of the equation.
Freight brokers have had to quickly switch from expense accounts to cameras. It is called a ring light and it provides enough front light to eliminate any shadows that happen when you only use your normal indoor lighting. . Download the WhitePaper. 2020 has been the year of video in sales.
Of course, its additional benefits, like reduced costs and simplicity in back-office work, help too. Download WhitePaper. Unfortunately, shippers may be unaware of overspending on full truckload shipments, as well as all other modes, for several reasons, including: frequent high claims expenses and high cubing charges.
We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . We are now on the 4th of our 5 main blog categories we will feature as we wind down the year. Download the Free WhitePaper Here.
The fees and expenses incurred still must be paid for somewhere along the chain. Download the WhitePaper. Considering that, it’s easy to see how increased transportation data use can translate into more meaningful pricing strategies. Overcoming obstacles with smart data and freight load management.
Hey, I just reviewed this whitepaper and its pretty interesting.Drewry has always been a subtle shill for the ocean transport industry (and there is nothing wrong with that.the industry needs the support)and they remain bullish on China. A whitepaper from the London-based firm, Will China's Apparel Supply Chains Become Uncompetitive?,
Myth #3 - Industrial Facilities Are Expensive. Utilizing desktop equipment for industrial computing purposes not only saves you money in the short-term, but it also cuts costs in the long-term. Yes, there are industrial facilities that pay upwards of $500,000 for industrial computing systems.
Develop a strategy – The first step on the road to export marketing success is to develop a strategy and be clear about the reasons why you’re exporting. Identifying your reason(s) for exporting will ultimately help you to put the infrastructure in place to execute your strategy and commit to it. Which of these applies to you?
Resource savings and better usage of available assets Improved focus and better platforms help reduce overall costs. Download the WhitePaper. Things get done faster and with less overall expense. Let’s take a closer look at them and how they maximize supply chain efficiency and profitability.
View all Infosys blogs. WhitePapers. |. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. heard its expensive, very expensive, we dont even go near to it! Strategy, an engineering framework, failure mode analysis maybe.phew!
Access to data and proper analysis are both essential to maximize profits and reduce costs. Download the WhitePaper. Combined with advances in automation and machine learning, it is easy to see how mundane tasks and jobs can be eliminated. trillion in 2010 to more than $6.7 trillion in 2018.
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