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He also partnered with companies across multiple industries and modes of transportation (OTR, Drayage, Intermodal, Global forwarding, LTL, Supply Chain Warehousing/ Transloading, Expedited Air, Road, and Water). for more information and to schedule a demo. Visit www.portpro.io
Summary: Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs Velostics offers a comprehensive solution to streamline transportation and logistics operations. The platform’s data-driven insights and yard management capabilities further optimize operations and support informed decision-making.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. Kevin’s journey in transportation and logistics began in China, where he managed ocean and air imports for his own venture, Phoria Energy Solutions. By leveraging comprehensive data analysis, Greenscreens.ai
As customers increasingly demand rapid and reliable delivery, optimizing this final leg of transportation becomes essential for businesses aiming to enhance customer satisfaction and operational efficiency. Data-driven approaches, such as predictive analytics, facilitate real-time adjustments in delivery operations.
His breakthrough came in 2008 with the launch of the Apple AppStore, prompting him to focus on ChaiOne, which created digital solutions based on behavioral science, where he uses data-driven insights to revolutionize the industrial sectors.
Nothing in life comes for free, especially in the transportation and shipping industry where predictive freight costs carry so much weight. Ultimately, it comes down to how good logistics managers get at transportation rate forecasting. It cost money to make money and even to try and save money.
Sean is VP of Product at Denim , a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. About Denim Denim is a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data.
Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. Part of acting on them immediately derives from the size of the data collected and how it can be transformed into meaningful insights. Freight market data size consistency matters.
Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.
Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry.
Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Market dynamics of freight management can turn on a dime.
The risks associated with chemical manufacturing include the storage and transportation of raw materials, finished products, and waste. We needed to model the data in a way that we can do simple searching. We spent hours and hours looking for data, whether it was for audits, compliance, or just basic troubleshooting.
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.
Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. And that’s especially true when considering new carriers or using other modes of transportation. Download the White Paper.
At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. SCCN solutions allow trading partners to collaborate across defined trading partner processes based on a common data model. SAP’s Business Network is a supply chain collaboration network.
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. It has been and remains a key part of the transportation and logistics puzzle for enterprise shippers today. Streamline data collection and analysis. Download the White Paper.
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. Download the White Paper.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
Today’s shipping and transportation industry has changed in several ways, even over just the last few years. This is seen exceptionally well when looking at rail capacity and transportation rates for the modern supply chain. Data access to see savings compared to truckload and other shipping methods.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.
This service joins different methods of long-haul shipping to help smooth overall transportation hand-offs. It can also refer to the transportation of shipping goods over short distances. Global supply chains rely on multimodal transport to ship goods from manufacturers that are far from their end customers.
Volatility has become commonplace in transportation management. In other words, supply chain leaders need to validate and measure the success (read “accuracy”) of data source analytics and how well they stack up to the observed market conditions. Request a SONAR Demo. Fill out the Form Below to Access a COPY of the White Paper.
Starting a delivery and transportation business can be incredibly rewarding, but like any venture, it requires careful planning. For a delivery and transportation business, your executive summary might include: A brief description of the services you’ll provide (e.g., through 2027. Research is key here. B2B, last-mile, freight)?
Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. And that may very well include outsourcing to 3PLs, brokers or other transportation providers as needed, explains the Harvard Business Review. Think about it. And it’s essential to understand why. .
Tracking market trends within truckload rates relies heavily on data and analysis. Managers don’t want to learn that they are essentially paying a higher transportation rate with one carrier when another freight carrier offers a much more competitive truckload rate. Data-driven insights provide a rubric for guiding RFP processes.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Without clear budgeting and cost-prediction measures, the transportation network will be unable to accurately plan for increases and decreases in expenses.
(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”
During times of disruption and recovery, as seen now in the transportation industry, keeping up with the changing pace is essential. Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. last year and $2.19 the year prior. last year and $2.19 the year prior.
Through data-driven transportation management , carriers can finally become more strategic and tactical, thriving through good and bad times. Achieving that goal hangs on a carrier’s ability to capture meaningful data. Autonomous processes are only as valuable as the data that powers algorithms and decision-making.
For instance, if you know more detail and have insights around freight market volatility, you can assess the risk in every lane and its effect on tender acceptance , providing the ability to drill down into meaningful steps that are clearly defined to improve transportation management. How contract data amounts to tactical bidding management.
As Freightos Procure , we’ll continue to innovate and enhance our enterprise procurement solutions, helping you optimize freight spend, streamline RFQs and tendering processes, and make data-driven decisions with confidence. SHIPSTA, now integrated into Freightos Procure , continues to lead the way in agile procurement solutions.
Due to the previous surge of China as the world’s factory over the last two decades, much of the global carriers’ business has revolved around transporting cargo between the U.S. And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Download the White Paper.
Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.
Therefore, enterprises need to know how to apply transportationdata to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Improved on-time shipping performance begins with effective transportation benchmarking. The data is present. Implement turnkey analytics.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
Within the ever-changing shipping and freight management market, there is an underlying need to know and understand shipping data trends running throughout the industry. Transportation analytics is rapidly evolving into the next age of discipline for the supply chain.
During the event, Rishi Mehra, director of operations and strategy, and Kelly Williams, product manager, had just seven minutes to present a Rapid-Fire Demo of Engage Lane: an agile transportation procurement platform that streamlines the relationship between carriers and shippers and helps them uncover better ways to move freight.
Transportation optimization is the new standard for efficiency. The sum of that freight tech volume is somewhat ironic – data overload and an inability to manage due to the inefficient use of several systems. Freight tech APIs collect data in near real-time. Remember that manual data re-keying and sharing can be problematic.
A certain level of fees and freight rating expenses are standard in shipping and transportation. But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. The fact remains that within freight transportation protocol, trucking capacity is finite.
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?
Improved railway fluidity is one of the few areas where transportation networks are improving, but even in that mode, terminal congestion remains rampant. From there, we recommend using a variety of data sets in SONAR to help quantify the degree of inflation or deflation in rates you should expect for the freight you are putting out to bid.
With decreasing carrier or trucking compliance come increasing transportation rates, which was reiterated several years ago by Inbound Logistics. Optimizing this function with so many uncertainties makes budgeting transportation spend a nightmare. Request a demo by clicking the buttons below. Request a SONAR Demo.
This “SONAR highlight reel,” which we plan to publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Maritime data suggests that further shipment delays, elevated ocean rates and a strained domestic transportation network should be expected. Request a SONAR Demo.
Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. This sector covers important activities relating to procurement, transport, and storage of goods. Measuring performance with transportation KPIs and freight data is getting easier. Think about this.
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