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Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution.
Dave is the Director of Product Management at Revenova, the industry’s exclusive provider of CRM-powered transportation management systems (TMS) for freight brokers, 3PL/4PLs, carriers and shippers. Dave Romanchuk and Joe Lynch discuss the right tech stack for brokers.
Sean Smith and Joe Lynch discuss scaling your SMB freight brokerage. 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. The role of freight factoring and back-office solutions for managing finances.
Kevin Coomes and Joe Lynch discuss navigating the freight downturn in the logistics and transportation space. About Kevin Coomes Kevin Coomes , the Vice President of Sales at Greenscreens.ai, is an accomplished freight tech professional with over 15 years of sales, business development, and start-up experience spanning two countries.
Corey spent over a decade at STG Logistics, the nation’s leader in containerized freight, and XPO Logistics, where he built operational, financial, and back-office solutions to help companies and users across the globe. for more information and to schedule a demo. Visit www.portpro.io
Michael is the CMO and Co-founder of Revenova , the industry’s exclusive provider of CRM-powered transportation management systems (TMS) for freight brokers, 3PL/4PLs, carriers and shippers. The company provides CRM-powered transportation management solutions (TMS) for freight brokers, 3PLs, carriers and shippers.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Ed is Co-founder & CEO at Newtrul , a technology company helping increase efficiencies in the trucking industry with a digital freight-aggregation platform. Ed Stockman is the Co-founder & CEO at Newtrul, a technology company helping increase efficiencies in the trucking industry with a digital freight-aggregation platform.
Flexibility in a Volatile Market: As pricing and freight capacity fluctuate, procurement professionals need to adjust rates quickly without lengthy RFP processes. This innovation is part of Freightos’ vision for comprehensive freight digitization, bolstered by its acquisition of Shipsta. Why Rate Refresh?
More Resources Home October 22, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices were level at $3.81/kg. Europe – N.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Freight brokers are continually looking for the latest and greatest ways to add value and keep costs under control through new freight brokerage software. SaaS-based freight brokerage software is critical to staying competitive.
The freight market is always changing; that is why you need the freight forecasting platform with the most current data and insights. Watch the episode below: SONAR is the only freight forecasting platform that combines contract tender data with spot rate data to create predictive freight rates. Request a SONAR Demo.
And even the freight management analytics of five years ago do not necessarily respond well to today’s shifting and changing market. And that all begins with deploying advanced freight management analytical resources and tools that actively work to lower all risks, ranging from detention through final mile management.
There are many aspects of day-to-day shipping processes that any freight broker must monitor. According to TruckingInfo.com , “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market or Airbnb in the vacation market. Transportation costs are among the most critical of these.
(Graphics created by Emily Ricks) Responsible freight management parties have a duty to understand how their enterprise goals impact others. These include: Risk of higher freight spend through waiting costs. USA and IMCSIF.USA to prioritize your use of intermodal based on accurate freight market rates. Risk of loss at terminals.
What are the biggest contributors to freight spend? Is it freight pricing models, capacity constraints, lackluster carrier density or something else? And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best.
When it comes to establishing truckload freight quotes for customers, it is essential to use automation to get the most accurate results and offer the most competitive rates. To that end, let’s take a closer look at the value of truckload freight quotes that use automation. Automated truckload freight quotes reduce delays.
Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Since they act as both carriers and shipper-like entities, the right blend of freight broker resources is essential to maximizing value. Near real-time data. Market intelligence tools.
Due to the ramifications of the COVID-19 pandemic over the last year, the freight business has experienced marketplace volatility. According to PS Market Research , shippers and freight management parties expect to see a tremendous growth rate of 8.0% Checking incoming freight from the source is vital.
And the freight routing guide is the best place to begin. Prescribes routes based on shipment size and origin The freight routing guide is a series of instructions that indicate the modes, service levels and other requirements for each inbound and outbound shipment. Labeling is a critical aspect of any logistics operation.
Optimizing truckload freight spend is essential in today’s freight market. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Choose the right carrier based on landed freight spend. Download the White Paper.
Book a Demo T he Inspiration Behind Freightos Enterprise A little over a year ago, my team and I embarked on an extensive listening tour, sitting down with nearly one hundred enterprise shippers and BCO senior executives from the supply chain and logistics sectors. Our approach with Freightos Enterprise is fundamentally different.
Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. Shippers’ primary operation is not moving freight; it’s processing food, or manufacturing auto parts, or selling office supplies. Request a SONAR Demo. Request a SONAR SCI Demo.
We understand the complexities and frustrations involved in freight forwarding. Importing freight to the US comes with challenges, ranging from outdated technology to inefficient communication. Problem: Lengthy Email Threads: Communication is critical in freight forwarding, but long email threads can bury essential information.
However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls. Download the White Paper.
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supply chain. Freight calculators can also help with budgeting to ensure suppliers, drivers, employees, and third-party members are all covered. Why are logistics calculators so popular.
Big data and predictive freight rates in the digital supply chain are nothing new. Regardless of segment, the need for technology and insight via real-time predictive freight rates that can explore the specifics are critical to success. Even worse, predictive freight rates using outdated data may do more harm than good. .
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Spot rates continue to rise as freight flows to the spot market – particularly on the West Coast. Request a SONAR Demo. Request a SONAR SCI Demo.
Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Measuring performance with transportation KPIs and freight data is getting easier. Budgeting and managing freight costs are critical to overcoming any disruptions and increasing profitability.
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.
However, the applications of real-time freight data remain disparate and lack value. Let’s give you the top 10 warehouse KPIs to track that will inevitably impact freight management. Since on-time delivery accounts for both inbound and outbound freight , it has a natural effect on the full supply chain. On-time deliveries.
Asset-based carriers have found using predictive freight rates improves their business. According to Transport Topics , the majority (66%) of freight management parties believe analytics will be essential to staying competitive in the near future. Additional uses of predictive freight rates for asset-based carriers.
Once weather like the snowstorm in Colorado or the one seared into Texans’ Valentine’s Day memory hits, it’s easy to predict what is going to happen next—the freight market in the area halted to a stand-still and strangled capacity , as also reported by The Dallas Morning News. Capacity signals for the freight market.
The transportation of freight not needing the entire space of a truck is LTL freight. Trucking rates vary depending on the type of freight, load size and destination. Why changes in parcel or truckload rates impact LTL Freight. It is much like rideshare for freight shipments.
Freight demand tends to climb leading into a storm and then falls off in the markets heavily affected in the days immediately following severe weather (and the length of disruption depends on the damage done). The problem that FEMA faces currently is that the freight market is tighter than it has been in recent history.
(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Broken down to reefer, dry van and flatbed.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Leadership Perspective We’re not just changing a name.
Co-hosts Kyle Taylor and Luke Falasca focused on freight forecasting during COVID-19 on this episode of #WithSONAR. Know more, faster – and find just what you need with SONAR’s freight intelligence around the activities and hallmarks of the freight market! Get a Demo of SONAR's Lane Scorecard.
Understanding freight trends from the beginning of the supply chain all the way through to delivery is important for all parties involved. Identifying trends in the maritime market is also important, because increased ocean freight impacts domestic transportation markets as freight arrives on shore.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. Request a FreightWaves SONAR or a SONAR SCI demo by clicking the button below to get started. Request a SONAR Demo. Request a SONAR SCI Demo. Download the White Paper.
One of the most popular tools that drives the supply chain to new heights is the process of intermodal freight shipping. Freight management parties need to know the vital data points that can help keep intermodal lanes moving smoothly and efficiently while also keeping shipping rates and costs under control.
And despite freight market volatility, the freight market continues expanding. According to Globe News Wire , “The Freight and Logistics Market are estimated to grow at a CAGR of approximately 5% during the forecast period.” Connect your scorecard resources to freight forecasting platform tools, such as SONAR Lane Scorecard.
The best freight brokers ask the right questions in freight broker sales when prospecting for new business. The 5 Questions the Best Freight Brokers Ask when Prospecting. This is one of the most important qualifiers for the best freight brokers when prospecting shippers. Sample questions the best freight brokers ask: .
In the current economic climate, characterized by volatile freight rates and limited capacity and equipment, importers face unprecedented challenges. Expedited ocean freight services have emerged as a viable option, offering significant benefits in these turbulent times.
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