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Curtis has spent 16 years in the LTL industry – 8 of those with Old Dominion Freight Line, and the last 8 with Reconex, FreightPlus, and Understand LTL – which he recently launched as an LTL focused education firm. For carriers, it presents an opportunity to expand their market share and increase their profitability.
Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supply chain stakeholders are using (juggling?)
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.
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.
A career business journalist, Peter has served as a maritime reporter, West Coast Bureau Chief, Editor in Chief and Publisher of The Journal of Commerce, over the course of his 30-year career with the JOC beginning as a maritime beat reporter in the early 1990s. the world’s largest container shipping conference, now 23 years old.
Market Review: Past, Present and Future. The past, present and future market forces causing today’s extreme truck capacity shortage include: Strong Economy. economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped. What are the real causes? ELD Mandate.
Taking ownership of your Freight Agent business is important to be successful. It’s been nearly three weeks since we traveled to the magical city of New Orleans for our much-anticipated 2022 Freight Agent Conference. Some of Trinity’s Freight Agents mingling. Some of Trinity’s Freight Agents mingling.
However, freight shipping is the one activity that presents significant barriers to overseas-market entry, as you may have discovered if your business is starting to look across international borders for its next step in expansion. Container shortages and sky-high freight rates have spared no enterprise, regardless of its scale.
For those who are seeking how to be a successful freight broker, they should first look at how they can make themselves stand out. Differentiation for freight brokers is often difficult to achieve. And then there are the different freight broker business models. 3 Tips on How to Be a Successful Freight Broker.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Of course, no disruption comes close to those that have been experienced to date in 2020. Poor supply chain visibility remains a top problem for most supply chains.
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. Meanwhile, in the case of commercial freight, customers might unload their goods much as they do in today’s warehouse receiving operations.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Those are the founding principles behind SONAR SCI Lane Acuity.
As a freight broker , you know the importance of staying ahead of trends in your business. 2014 was a dynamic year for shipping and freight, and 2015 might present us with some surprising changes as well. One month in, here are our predictions for freight brokers in 2015: Manufacturing Comes Home.
More Resources Home TPM24: Key Takeaways on Geopolitics, Technology and Other Drivers of Ocean Freight in 2024 Judah Levine March 27, 2024 S&P Global’s TPM24 is the major annual North American gathering of shippers, forwarders, carriers and logistic technology providers.
While passenger electric cars have seen widespread adoption, transitioning the freight industry to electric trucks has proven to be very challenging, for multiple reasons. So let’s dive right into the major challenges standing before the green and electric freight truck revolution.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally.
Editor's Note: This is a guest blog from our friends at Bryant Surety Bonds where they discuss the current, potentially fragile state of the freight broker industry. Is the Freight Broker Industry in Decline? Does the fact that more freight brokers leave during these three months signal that the freight broker industry is declining?
Shipping air inside expensive freight containers has never been a cost-effective approach to transportation. Today though, in the wake of the COVID-19 pandemic, it’s even more critical to try and improve capacity utilisation , given the skyrocketing costs of container freight shipping.
Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Inventory levels: Current or expected inventory levels at various locations.
Does Parade Work for Open Deck Freight Brokers? Experts predict that open deck transportation will be a , $378 billion market by 2023 , so of course, there are plenty of freight brokers out there who facilitate the movement of open deck freight. Does Parade Work for Open Deck? Yes, and Here’s Why.
announces that their “Essential Guide to Freight Claims Management” Webinar is now open for registrations by shippers of all sizes. Cerasis will present educational material covering all things freight claims on June 6 th , 2017 at 10 AM CST. An Introduction to the Laws Governing the Freight Claim Process. Cerasis Inc.,
in 2020 and will hit EUR557 billion by 2025, Simon Wong, CEO of the U-Freight Group , says his company is ready to meet the ever-increasing challenges of providing logistics services to this rapidly expanding sector of global trade. The post U-Freight sees e-commerce logistics opportunities appeared first on Logistics Business® Magazine.
By presenting the Incoterms in diagrams, I am able to remember the terms easily. This course must be attended by stakeholders involved in the import and export of IMDG cargoes. Interesting course which helps me gained knowledge and understanding of IMDG Code. The course is useful and helpful to my work.
Considering Yellow Corporation was the third largest LTL carrier, what happened to all the freight they handled? In July, whispers began of a possible union strike that would effectively halt YRC’s freight network. No customer wanted their freight stuck in limbo if Teamsters were to go on strike against YRC. So, what happened?
The Cooperative Logistics Network – an international alliance of more than 320 hand-picked freight forwarders – has launched its Online Logistics Academy. The future of the freight forwarding sector is constantly evolving. These training programmes can be completed at the students’ suitable pace.
Market dynamics of freight management can turn on a dime. Simultaneously, shippers must realize market volatility and other factors contribute to higher freight spend and uncertainty. Seeing market volatility and conditions at any point will inevitably allow shippers to recognize when freight spend will shift.
As a disclaimer, WebCargo , a Freightos Group company, does offers digital services to global forwarders and carriers, including online sales portals, digital eBooking, multimodal rate management and the Freightos.com freight marketplace. . The Freight Game of Thrones. The Maersk Shift: Where it started. Driving the Maersk Shift.
However, if you know what critical freight management KPIs or key performance indicators to track, you can know exactly how to change processes to decrease costs, which will result in savings for the end user. Federal Power Over Freight Management KPIs. This freight management KPIs measures a broad scale of maintenance as well.
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? As a Freight Agent, this is where you can come in as a valuable resource for your shipper and carrier relationships.
Freight is digitizing itself now at real scale. Crucially, the platform concept means that airlines don’t need to build one-off connections with each freight forwarder and that forwarders don’t need to update dozens of APIs a year. Q: What does it mean for the freight industry as a whole? The next stage is really 10,000,000.
Editor’s Note: This is a blog by one of our affiliate partners, Global Vision Group , a Federal Maritime Commission licensed Non Vessel Operating Common Carrier (NVOCC) and Ocean Freight Forwarder (OFF). What Is The Best Course Of Action To Deal With These Problems? Is Full container freight not moving?
Investing in technology to improve the capabilities of your supply chain team as part of a strategic initiative yields better results throughout all phases of the freight market cycle. retailers needed to find new ports of destination for their containerized freight and required insight into port conditions in unfamiliar markets.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. Trucking rate predictors utilize freight and trucking data to provide shippers and LSPs with a wealth of knowledge and actionable insights to streamline strategic positioning. Think about it.
There’s been a slow, persistent march towards increased digitalization and, yes, increased transparency, in the freight industry. This week the Journal of Commerce invited me to advocate for transparency at TPM in a debate where the other side was argued that freight prices will remain private. This can happen in logistics too.
Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources.
Today we finalize our most viewed articles from the Cerasis blog by featuring the most read freight articles published in 2015. We have published now over 650 articles, and so you should almost find anything related to manufacturing, supply chain, logistics, transportation, and freight. . Top Freight Articles of 2015.
Port congestion, delayed processing, and massive delays in sea freight are the result. The partial closure of the port of Yantian, one of the most active ports in the world with around 100 ship berths per week, exacerbates the already tense situation in the Asia-Europe sea freight market. Following restricted port operations.
Next, researchers looked at freight attributes of shippers. Those 80% of the loads in 20% of the lanes typically present attributes that the asset carrier community is most interested in. Laggards tend to use low-performing suppliers, and many of them use asset carriers across all freight attribute types. On time pickup (OTP).
This includes both outbound and inbound freight. The second most common problem is looking for ways to cut their freight cost. For example, a routing guide compliance problem could present itself as a carrier billing issue. Say a particular lane should have its freight hauled by carrier A, but instead, carrier B is used.
For many, the process of actually finding and setting up the right shipment for any freight – full load or LTL – can be the hardest part. Identify factors that impact your freight shipping costs. With this freight data, you are able to see how changes in you shipping patterns can affect your overall cost. Lane Analysis.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. And they present a host of logistical challenges. Pete Buttigieg, U.S.
But logistics is a tricky industry and there are easy ways to waste money when shipping freight. We’ve put together the 3 most common ways to waste money when it comes to freight shipping and what your business can do to stay ahead of the game. Costly adjustments post-shipment can wreak havoc on your freight budget.
Of course, it has long been the case that publishers target their readers. My job is not to determine for the reader what they should think, but to present information from all sides of an issue, with a proper degree of analysis and context, and let them come to their own conclusions. Which leads me back to my initial tweet.
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