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LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space. Real-time tracking allows carriers to adjust on the go, while AI and machine learning enhance load planning and reduce deadhead miles.
About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. Focused on logistics, manufacturing, and distribution channel strategies, Jonathon helps organizations make confident decisions for bold growth. The Greenscreens.ai
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.
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. Strong and versatile logistics strategies depend on this data. Download the White Paper.
Creating and sticking to the right truckload shipping strategy can enhance your overall efforts, save money, and increase profitability. Generally, truckload shipping strategies are created to make your freight more attractive to carriers, reduce costs, decrease risks and claims , and increase overall shipping efficiency.
With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line. Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability.
Every step of the process that brings your product from creation to your consumers’ front-door can cut into those margins and reduce your profitability. This is simply because you represent a larger potential business opportunity for a carrier so they will offer rate reductions to earn your business.
Knowing about her blogging side hustle, the executive team allowed her to take on the additional responsibility of the company’s digital marketing initiatives where over the course of 5 years, orchestrated two website redesigns, implemented an inbound marketing initiative, and established a sales outreach plan. 00:36:05] Starting a Podcast.
What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.
A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.
Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Can a longer lead time be covered by safety stock in order to negotiate a lower unit price?
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. Distributors must be able to deliver high-quality components at competitive prices.
A well-optimized supply chain can help you reduce costs, improve delivery times, and enhance customer satisfaction. This blog post will explore key strategies for streamlining your supply chain from sourcing to delivery. In today’s competitive ecommerce landscape, a streamlined supply chain is crucial for success.
In this blog post, we’ll discuss key strategies to help you navigate the shipping challenges of 2025 and beyond. Carrier Consolidation: The dominance of UPS and FedEx creates a duopoly, giving them significant pricing power. Strategies for Combating Rising Costs Don’t worry, though!
Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. Why are shippers turning to freight consolidation to reduce transportation spend? That’s the simplest question to answer.
You can cut costs without cutting corners. According to industry research, businesses that optimize their shipping strategy can reduce costs by up to 30%. Ship Smarter by Consolidating Your Shipments One of the easiest ways to reduce costs is to consolidate shipments whenever possible. The good news?
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models. Firefighting is the norm.
Key Shipping Trends for 2025 Let’s explore the key shipping trends for 2025 and discover practical strategies for logistics providers to implement, ensuring they remain competitive and responsive to these upcoming changes. At 3PL Links, we prioritize tools that simplify route management, reducing delays and ensuring on-time deliveries.
This type of system helps you monitor current inventory, forecast demand, and reduce unnecessary storage costs. By automating these processes, you eliminate guesswork, minimize stockouts, and avoid over-ordering. Clear, open lines of communication ensure that everyone is on the same page and reduces the risk of operational mishaps.
Insulating against disturbances to the supply chain through critical weather strategies has proved effective in cutting down delays and costly overages. With such disruptions come reductions in workforce, tightened capacity, fewer logistics options, increased risks and increased costs. More Hurricanes.
Health-related absenteeism has resulted in reduced output, while transportation delays are echoing the freight challenges seen during the height of the COVID-19 pandemic. Logistics Delays: Reduced driver availability and stricter health regulations at ports could add days to delivery schedules. Whats Happening?
Understanding truckload freight rates can significantly impact your shipping budget and logistics strategy. mile), while Midwest lanes offer more competitive pricing (approximately $2.41/mile). Operational Factors Fuel Costs: With diesel prices averaging $4.15/gallon, per mile nationwide, with refrigerated at $3.12
Time To Read: 3 minutes Pricing is a critical aspect of any service-based business, determining not just the revenue but also playing a pivotal role in profitability, sustainability, cash flow and market positioning. Competitive Positioning: Pricing models play a key role in determining how a small business positions itself in the market.
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
By working closely with suppliers, organizations can improve the quality and reliability of their in-bound supply chains, reduce costs, and increase their overall efficiency. The common goal for all categories of product is that they must be available at the right time, right quantity and right prices.
Time To Read: 3 minutes Pricing is a critical aspect of any service-based business, determining not just the revenue but also playing a pivotal role in profitability, sustainability, cash flow and market positioning. Competitive Positioning: Pricing models play a key role in determining how a small business positions itself in the market.
Retailers and wholesalers are trying to put the brakes on that shift, changing inventory and transportation strategies to minimize costs and slow down rather than speed up supply chains, according to BlueGrace Logistics, which produces a quarterly LogisticsConfidence Index (LCI).
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace.
Plenty of cost-cuttingstrategies are being employed by Supply Chain Management leaders, but the potential long-term implications often remain unseen. Speaking of implications, let’s delve into the top cost cuttingstrategies that businesses implement but could negatively impact supply chain performance: 1. Achieving 99.5%
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Europe prices (FBX11 Weekly) fell 11% to $3,625/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 8% to $4,118/FEU. America weekly prices decreased 23% to $5.43/kg. China – N.
In the context of cross-industry implementation of continuous-flow and lean manufacturing, delivery volumes are shrinking and delivery times are being reduced. At the same time, competitive pressure is increasing and all parties are trying to cutprices and costs. Adapt the freight allocation strategy to handle scarcity .
These can be critical problems for companies looking to increase productivity and reduce expenses in logistics operations. Automation in logistics is like putting technology to do the heavy lifting, reducing errors and saving time. In addition, errors are also reduced, as the robots follow only the programmed instructions.
Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. Truckload spot prices can move up or down by 40% within a single calendar year. That underpriced freight may be rejected more often and end up in the spot market, costing the shipper more than had the rates never been reduced.
The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.
In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?
In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. This reduces last-minute disruptions and improves overall supply chain resilience.
However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. ” This means knowing how a carrier or shipper approaches freight pricing.
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.
Welcome to my blog series, where we delve into the dynamic world of the land transport industry. From advancements in autonomous vehicles to the impact of sustainable transportation solutions, this blog series aims to keep you informed, engaged, and at the forefront of this rapidly changing field.
Adam White Promoted to VP of Marketing Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search Adam Blankenship - July 29, 2024 BlueGrace Logistics Promotes Adam White to Vice President of Marketing TAMPA, FL (July 29, 2024) – BlueGrace Logistics (BlueGrace), a leading Third-Party Logistics (3PL) provider (..)
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU. Europe prices (FBX11 Weekly) increased 11% to $1,381/FEU. Asia-Mediterranean prices (FBX13 Weekly) climbed 1% to $1,551/FEU.
Previously, Erik was the Director of Strategy at AFN, a Chicago-based truckload brokerage. Prior to his time at AFN, Erik was the Executive Vice President of CarrierDirect, a boutique strategy consulting firm and advised companies such as Werner Enterprises, Worldwide Express, and BlueGrace Logistics. Loadsmart Blog.
That gave rise to a new time pricingstrategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Capture pricing data for LTL freight.
If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Are Your Profit Margins Declining?
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