Freightos

DECEMBER 6, 2023

Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Europe prices (FBX11 Weekly) increased 3% to $1,243/FEU.

Negotiating Skills 118

Negotiating Skills Price Reduction Optimal Sourcing Vendor Strategies 118

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news.

Negotiating Skills 127

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 127

FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. Even with the big decline last year, spot prices have averaged 2%. Consideration of backhaul opportunities to eliminate deadheading in trucking.

Price Reduction 94

Price Reduction Freight Resource Reduction White Paper 94

FreightWaves SONAR

FEBRUARY 26, 2021

Without clear insight into current activity, carriers cannot price loads effectively and will see declines in overall profitability. According to Trucks.com , “But reducing the number of miles that carriers drive empty – also known as deadhead miles – has proven to be a more elusive challenge. Request a SONAR Demo.

Trucking 96

Trucking Freight Price Reduction Cost Reduction 96

Shipchain

MARCH 13, 2019

For example, initiating a recall is streamlined through blockchain by showing all movements of affected shipments. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Tracking data while in transit reduces damage and ensures drivers maintain compliance. Trucks in the U.S.

Supply Chain Planning Software 119

Supply Chain Planning Software Waste Reduction Logistics Network Optimization Software Freight 119

FreightWaves SONAR

MARCH 22, 2021

For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. For example, if there is a darker red shading, you can expect that the shipping rates for space in a truck will also elevate on a cost per mile basis. Sign up for a demo here or by clicking the button below. .

Capacity 98

Capacity Price Reduction Demo Cost Reduction 98

WorkWave

MARCH 26, 2024

Let’s delve into this topic to understand its significance and explore strategies for optimizing delivery routes to enhance customer satisfaction. By minimizing fuel consumption, reducing vehicle wear and tear, and optimizing driver schedules, businesses can cut down on operational costs associated with logistics.

Optimization Software 105

Optimization Software Optimization Logistics Network Optimization Software Cost Reduction 105

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., While that’s an example of a particular warehouse, it has a natural implication for carriers. Consider the following example. Request a SONAR Demo. Empty miles.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98

Freightos

JULY 30, 2024

Judah Levine July 30, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $7,628/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $9,824/FEU. Europe prices (FBX11 Weekly) fell 1% to $8,369/FEU. America weekly prices decreased 2% to $5.22/kg.

Price Reduction 118

Price Reduction Supply Chain Software Data Freight 118

Logistics Viewpoints

SEPTEMBER 25, 2023

Greenhouses can be constructed to be like semiconductor clean rooms which would eliminate the need for pesticides. Greenhouses can be located near population centers and the growing season can occur all year long; this improves the freshness of food while reducing GHG emissions. With the Affordable Care Act, those days are gone.

Supply Chain Software 114

Supply Chain Software Food and Agriculture Logistics Network Optimization Software Inventory Reduction 114

FreightWaves SONAR

JANUARY 21, 2021

As a few examples, these are four critical KPIs to focus on: Owner-operator to driver ratio – A lower ratio here means more opportunities for in-house drivers who bring more affordable rates. . Boost fleet asset utilization with pricing and tendering data at your fingertips. Request a SONAR Demo.

Data 98

Data Sourcing Strategies Tips Optimal Sourcing 98

WorkWave

SEPTEMBER 18, 2024

When crafting a price increase notice for your pest control services, prioritize personalized communication. Clearly detail the reasons for the price increase, such as rising operational costs or investments in advanced pest control technologies. Remind customers that higher prices mean better quality 6.

Price Reduction 52

Price Reduction Material Savings How To Cost Reduction 52

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. For example, any redundant process needs current data, which provides shippers with several benefits. Get started by requesting a FreightWaves SONAR demo by clicking the button below.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

FreightWaves SONAR

MARCH 5, 2021

Instead, knowing how well those truckload rates stack up is critical to maximizing their use and pricing or buying strategies. For example, if ocean shipping imports surge, how will that affect the overall state of predicted truckload rates. Request a SONAR Demo.

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. Studying competitors is an integral part of market research as it helps the medical courier business gain insights into their strengths, weaknesses, and overall strategies. GET A FREE DEMO 2. Start Using RouteManager!

Material Savings 93

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 93

FreightWaves SONAR

MARCH 5, 2021

Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent. As an example for these negotiating capabilities, let’s take a look at the following lane, Los Angeles, CA to Dallas, TX. Utilizing the SONAR Lane Signal dashboard for carrier sales.

Negotiating Skills 98

Negotiating Skills Modeling Software Sourcing Strategies Logistics Network Optimization Software 98

FreightWaves SONAR

MARCH 24, 2021

One of the best strategies of risk management is diversification of assets or revenue drivers. Brokerage leaders are turning to this strategy for their freight business. You see examples of this strategy in large brokerages today. Examples of portfolio diversity in the freight business.

Freight 72

Freight Price Reduction Cost Reduction Inventory Reduction 72

Ship Monk

FEBRUARY 9, 2024

Established companies will have years and years of quantitative data to work with, enabling them to identify trends and better understand the effects that marketing campaigns, pricing, seasonality, and other factors have on their merchandise. Qualitative data is more subjective.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Trinity Logistics

MARCH 6, 2025

Youve prioritized TMS capabilities, analyzed vendors, and sat through several system demos. If the TMS integrates with your companys OMS or account software, you can drastically reduce the time it takes to process an invoice. Taking a phased approach significantly reduces that timeline.

Supply Chain Planning Software 62

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Procurement Solutions 62

FreightWaves SONAR

NOVEMBER 9, 2020

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. The local price is an average of those various prices.

Purchasing Skills 52

Purchasing Skills Price Reduction Data Cost Reduction 52

Freightos

JULY 11, 2017

For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. Forwarders Are Cutting Cost Of Sale. Researchers, like Drewry, see freight digitalization hitting the sales process first , reducing the cost of sale. Freight digitalization will reduce their cost to sell and serve.

Purchasing Skills 81

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 81

FreightWaves SONAR

MARCH 4, 2021

Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. Assuming 100 loads per week and a $100 price tag per load would amount to $10,000 in freight spend, but evidence suggests SONAR users realize a savings of 2% through more informed and strategic carrier partnerships.

Supply Chain Planning Software 130

Supply Chain Planning Software Freight Optimization Software Resource Reduction 130

FreightWaves SONAR

MARCH 15, 2021

It can also show how a user’s targeted benchmark rate compares to the industry, the overall market, peers and at a pricing level. Additional implications include RFP strategy, knowing when to onboard new carriers, new lanes, hire more drivers or plan next distribution center sites. . Request a SONAR Demo.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Freightos

DECEMBER 3, 2024

For example, PUMA , the fastest sports brand in the world, first used Rate Refresh in July and has seen significant improvements in efficiency, speed, and quality of the complete rate management on a global scale. Built-in Efficiency: Refresh helps BCOs spend less time managing tenders and more time making strategic decisions.

Optimal Sourcing 62

Optimal Sourcing Procurement Logistics Network Optimization Software Price Reduction 62

Freightos

DECEMBER 3, 2024

For example, PUMA , the fastest sports brand in the world, first used Rate Refresh in July and has seen significant improvements in efficiency, speed, and quality of the complete rate management on a global scale. Built-in Efficiency: Refresh helps BCOs spend less time managing tenders and more time making strategic decisions.

Optimal Sourcing 62

Optimal Sourcing Procurement Logistics Network Optimization Software Price Reduction 62

EazyStock

MARCH 17, 2021

The recent US-China trade war, Brexit, even the COVID-19 pandemic all sparked new regulations that caused prices and tariffs to fluctuate wildly and interrupted supply chains globally. Demand can also surge unpredictably – one recent example is the sudden increase in demand for personal protective equipment (PPE) with the spread of COVID-19.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 78

WorkWave

AUGUST 22, 2024

In this article, we will explore 11 proven sales strategies that can help you increase your flower shop sales and cultivate lasting relationships with your clients. However, it’s vital to exercise caution and avoid over-ordering, as this can lead to waste reduction challenges and increased expenses. GET A FREE DEMO 7.

Optimization Software 52

Optimization Software Cost Reduction Price Reduction Expense Reduction 52

WorkWave

JUNE 10, 2024

By accurately calculating overhead costs, field service businesses can ensure they are pricing their services competitively and making informed decisions about their operations. Examples of fixed overhead costs include rent, insurance premiums, property taxes, and salaries of non-production staff.

Negotiating Skills 52

Negotiating Skills Cost Reduction Expense Reduction Optimization Software 52

EazyStock

MARCH 4, 2021

Here are six inventory optimization strategies to improve inventory turnover without damaging stock availability: Know your inventory items’ position in their product life cycle. This is so you can monitor their demand more closely and come up with strategies to reduce stock levels before the items become obsolete and have no demand.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59

Blue Grace Logistics

JUNE 22, 2021

This extraordinarily high demand for freight capacity has caused freight prices to increase as well. Ocean freight prices in the China to North America trade lane have increased by roughly 150% in the last year , while the China to North Europe trade lane saw a massive 575% increase in the same period. Want a free BlueShip Demo?

Capacity 71

Capacity Freight Supply Chain Software Manufacturing Procurement 71

Parade

JANUARY 3, 2022

For example, if you’ve got a carrier that says they hate L.A. Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay. #3. Brokers can block out all L.A.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

JANUARY 3, 2022

For example, if you’ve got a carrier that says they hate L.A. Having carrier preferences as updated as possible can help get more quotes from carriers so that brokers and , freight agents have more options on each load, giving them better odds of getting them covered at a price they can stand to pay. #3. Brokers can block out all L.A.

Sourcing Strategies 78

Sourcing Strategies Optimal Sourcing Price Reduction Capacity 78

Parade

FEBRUARY 10, 2022

Here are a couple of examples of how these partnerships can streamline operations , and multiply the benefits of these systems: · You can post directly to DAT load boards from the Parade platform, even setting up Book Now loads to streamline interactions between brokers and carriers. You read that right.

Vendor Strategies 78

Vendor Strategies Capacity Price Reduction Networks 78

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. High inflation rates are seeing price increases for everything from products and components to commodities and utilities, creating a global cost of living crisis. Supply chain infrastructure investment reduces. in 2023 and 4.3%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

RPA Labs

JANUARY 27, 2022

For example, it’s possible to pull dates, prices and other data from scanned invoices to be easily copied and pasted into a system with an OCR. For example, quality AI-powered chatbots can help problem solve and interact with customers in real-time. Put the Power of Complete Automated Processes to Work With RPA Labs .

Automation 74

Automation Logistics Network Optimization Software Document Data 74

FreightWaves SONAR

FEBRUARY 2, 2021

The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. Request a SONAR Demo. Freight Segment.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

EazyStock

JUNE 16, 2022

Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI was once only seen in science fiction. What is machine learning?

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52