This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Read more Why Expand the Definition of Supply Chain Visibility? The post Why Expand the Definition of Supply Chain Visibility? For years, supply chain technology companies have touted real-time shipment visibility, or even promised complete supply chain visibility, while. appeared first on Talking Logistics with Adrian Gonzalez.
Chuck is the CEO and Co-founder of High Definition Vehicle Insurance (HDVI) , where he leads an experienced team of insurance, technology, and trucking industry experts who deeply understand the challenges of today’s fleets. High Definition Vehicle Insurance, Inc. About Chuck Wallace. Chuck Wallace is the CEO and Co-founder of HDVI.
Logistics come into play with every type of transportation, including air freight and international ocean shipping. Read on to learn about the true definition of logistics as it applies to your cargo, then find out how Trans Global Auto Logistics can help you. The Basics of Logistics for Your Cargo. Scheduling carriers and drivers.
Jeff is the CEO of Tucker Company Worldwide , the oldest privately-held freight brokerage in North America, specializing in notoriously complicated freight, like temperature-controlled, oversized, and high-value, high-security shipments. Jeff Tucker and Joe Lynch discuss the Breakbulk Americas conference. About Jeff Tucker.
Often part of a more extensive supply chain management (SCM) system, a TMS helps companies stay compliant and log the proper documentation involved in the complicated processes of freight movement and fulfillment. Moreover, it streamlines shipment procedures intending to ensure timely deliveries of freight and materials.
The double brokers and ID thieves are most definitely back from the holiday vacation. Meanwhile, latest Bloomberg | Truckstop.com survey shows owners' increasingly pessimistic outlook for freight rates' immediate future, though some optimism remains.
Will freight brokerage pricing evolve toward a discounted, transparent fee model like stock brokerage pricing? Could the Discount Pricing Model Work in Freight Brokerage? The stock brokerage business and the freight brokerage business are clearly different, but they also have enough characteristics in common, that we can compare them.
Some large unicorn startups are targeting freight matching for truckers as a great way to guarantee better utilization of trucks for smaller independent truckers, and offer the additional benefit of helping sustainability. Empty return trips are definitely a source of … Continue reading →
The peak season definition is a continued evolution of the seasons in transportation. Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. When and What Is Peak Season ? They’re usually broken into four seasons: Q1: The Quiet Season.
The freight shipping industry is saturated with many shipping terms that are sometimes confusing even to experienced shippers. One such term is the FOB acronym, which stands for free (or freight) on board. It is a widely used term in the industry, however, not everyone knows the accurate meaning and definition. FOB definition.
Whether you’re a shipper booking freight or a new logistician starting out in the industry, you’ll find that there are many terms you need to understand in order to speak the same language as your transportation provider. The following is a list of logistics terms and definitions that are common within the transportation industry.
Let’s start with some definitions of what a freight forwarder is. A freight forwarder is a person or company that coordinates and organizes the movement of shipments on behalf of a shipper by partnering with carriers who transport cargo by ships, airplanes, trucks, and railroads.
When describing 2020, at last week’s virtual RailTrends conference, Association of American Railroads (AAR) President and CEO Ian Jefferies called it an odd and challenging year, with some definitive caveats.
The definitions are confusing because the space is so dynamic and ever-changing. Freight Payment / Claims Auditing. Non-asset based – companies that don’t own assets like brokerages, service providers, etc. these companies tend to invest in technology. Asset light – companies with assets and brokerage capabilities. Vendor Management.
What does the oldest company on the top ten global technology companies have to do with freight? Here’s What This Has To Do With Freight. The digitization of the freight industry is about improving speed and efficiency. . We mystery shopped the twenty largest freight forwarders for FCL, LCL and air online quotes.
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. Many of us in the business relate to freight as “money”.
Portland, Oregon-based freight marketplace platform and information provider DAT, a subsidiary of Roper Technologies, said this week it is taking steps to expand its service offerings by entering into a definitive agreement to acquire the Freight Market Intelligence Consortium (FMIC) from Chainalytics Inc.,
Learn the definitions of the most common freight shipping terms with our helpful guide and glossary containing every term you need to know for small-business shipping.
The ocean freight contract season is a critical time for businesses involved in global shipping and trade to negotiate advantageous terms and rates for delivering products across international borders. Let’s examine the details of the ocean freight contract season and how companies can successfully manage it.
Many of those employed in logistics understand that the industry has a certain level of complexity with day to day movement of freight. When dealing with project freight, it can be very tricky at times. While every shipment requires close attention to detail and care, project freight can be a different beast altogether.
" We are seeing a paradigm shift in transportation as digital freight brokerages (DFBs) rise above traditional brokerages and redefine the model entirely. That’s why shippers need to rethink their belief that asset based carriers are the “easy button."
I have long argued that companies need to expand their definition of supply chain visibility. Read more Who Is Actually Hauling Your Freight? The post Who Is Actually Hauling Your Freight? It goes well beyond tracking shipments, orders, inventory, and assets in motion. Another Supply Chain Visibility Blind Spot).
When asked about the key to the success of the Authorized Freight Agent Team at Trinity, our answer is always the same. The Agent Support Team at the Corporate office is dedicated to building strong relationships with all of our Authorized Freight Agents, whether their office is in the next town over or across the country.
LTL ( Less than truckload ) S hipping is one of the best flexible and cost-effective ways to start your freight delivery in logistics. This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How does it work?
As freight transportation costs continue to rise year-on-year, manufacturers, wholesalers, retailers and any other organisations that are part of a supply chain must think smarter about pushing down the cost of moving goods from A to B. Many companies use air freight more for reliability than speed.
The Top 6 Stories in Freight. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. More trucks is definitely a step in the right direction. Need help moving freight across North America? Data shows contract rates up 12% year over year. Trying to time the market exhausts shippers.
Taking steps to expand its e-fulfillment network, Miami-based freight transportation and logistics services provider Ryder System Inc. said earlier this week it entered into a definitive agreement to acquire Industry City, Calif.-based based omnichannel fulfillment and logistics services provider.
based Werner Enterprises, a global freight transportation and logistics services provider and the nation’s seventh-largest truckload carrier, said this week it has acquired Tampa, Fla.-based through the signing of a definitive agreement and closing on the acquisition of 100% of Reed’s stock. Omaha, Neb.-based and RTS-TMS Inc.,
With 2023 underway, it is time to take a fresh look at where things stand, as they relate to key trends and themes germane to all things supply chain, logistics, and freight transportation.
Fort Smith, Arkansas-based ArcBest, a full-service supply chain logistics provider, said late yesterday that it has entered into a definitive agreement to acquire Chicago-based truckload freight brokerage MoLo Solutions LLC.
AMSTERDAM – July 21, 2021 – To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call data definitions. Pilot boarding place (PBP) arrival planning.
Capacity Management for Freight Agencies? This feature shines a light on Parade’s capacity management for freight agents. Here’s Why Many Capacity Management Tools Don’t Serve Freight Agencies Not too long ago, capacity management simply didn’t work for freight agencies that provide logistics solutions to their agents.
The freight forwarder will be the third step, they will arrange transportation of your goods, pack them, take them to a warehouse to store until shipment, and send them along on their journey. A freight forwarder can also provide assistance with insuring your goods against loss or damage.
Blockchain Has Meaningful Impact on Finance as well as Freight Shipping: Heres the How and the Why What Even Is Blockchain? By definition blockchain is a decentralized digital ledger that records transactions across a peer-to-peer network. Walmart shows us that were moving towards transparent freight operations in other sectors too.
European road and parcel freight rates will increase with 8% in the next six months; Global ocean freight rates are stable at a low level, but air freight rates will further decrease by another 5%. The BCI panel expects that the road freight rates will increase with 8% in the next six months.
Prior to joining CarrierDirect, Ryan worked at a variety of logistics companies and even started and exited a few tech-enabled freight brokerage start-ups. The definition is split into 4 different groups: Extroversion vs. Introversion, Sensing vs. Intuition, Values vs, Logic, and Routine vs. Spontaneity.
This essential resource dives into the current state of shipping rates, offering a detailed look at the trends shaping the freight industry. Whether you’re managing day-to-day logistics or strategizing for the future, this report equips you with the knowledge to navigate the shifting freight landscape with confidence.
As a result, demand for airfreight has dropped somewhat, and much of the PPE freight has moved over to ocean.”. Pointing to the freight conversion trend, Kumar says a lot of carriers were reluctant to start doing this in the March-April timeframe. Alternative Transportation Options. Capacity Begins to Come Back.
Inefficiencies and uncontrolled freight costs arise from outdated manual processes, unforeseen delays, and extreme disruptions. Improved shipment visibility solves many challenges, but the “visibility” definition remains debatable and often case-specific. Managing international logistics can be complex and frustrating.
In the diverse and complex world of logistics, it is easy to get carried away with all the terms and definitions. While both third-party logistics and fourth-party logistics act as an intermediate party that has something to do with freight transportation, there are many differences between a 3PL and a 4PL.
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. It’s definitely not the whole story. Which leads me back to my initial tweet.
Transporeon, a leading Transportation Management Platform and a Trimble Company, announced today the launch of Freight Marketplace, a neutral (of equal benefit to both shippers and carriers) deal-making hub for freight procurement. That’s why we built Freight Marketplace to take freight procurement to the next level.
Nearshoring continues to go strong,” said Ben Enriquez, head of Mexico logistics and customs at Uber Freight. Uber Freight data shows that around 75% of the nearshoring activity is coming to the northern territories of Mexico. But there’s definitely been an increase. But there’s definitely been an increase.
In 2020, the top ocean freight ports in the Americas were all located in the U.S., more ocean freight than it did the prior year, according to SCMR’s numbers. According to JOC, freight forwarders in Brazil have seen the length of time between container booking and vessel departure increase. where Los Angeles, Ca., Newark, N.J.,
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content