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They explore the strategies for scaling these operations, the challenges of managing cash flow and capital, and the transformative impact of technology in the industry. While leading Product at Denim, he has pioneered new capabilities for the factoring space including risk automation and pricing.
Kevin is the Vice President of Sales at Greenscreens.ai , a technology that provides predictive pricing recommendations for maximum broker margins. is a pricing platform specifically tailored for the truckload spot freight market. offers real-time market price predictions that take into account the buying power of your company.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data. Download the White Paper.
The Amplio solutions ensure that you have the inventory you need, when you need it, at the most optimized price so that you can focus on what matters most to you and your business. Schedule an Amplio Demo. Key Takeaways: The Amplio Story. Learn More The Amplio Story. Trey Closson on LinkedIn. Amplio on LinkedIn.
Figuring out how to improve annual request for proposal (RFP) bidding strategies remains elusive for many shippers, especially in the context of knowing when to expand the network to leverage freight consolidation. Why are shippers turning to freight consolidation to reduce transportation spend? Request a SONAR Demo.
Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Can a longer lead time be covered by safety stock in order to negotiate a lower unit price?
Depending on the region, the total jump in fuel prices is more than $3.00 Request a OneRail demo to learn more about how your team can be better equipped to handle surges in demand through all shipping seasons, not just peak season, and scale effortlessly through technology. That’s a staggering jump of more than $2.40
Health-related absenteeism has resulted in reduced output, while transportation delays are echoing the freight challenges seen during the height of the COVID-19 pandemic. Logistics Delays: Reduced driver availability and stricter health regulations at ports could add days to delivery schedules. Whats Happening?
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies.
This is where pest control business software comes in as part of a robust pest control strategy, offering tools to optimize processes, enhance customer satisfaction and drive profitability by bypassing old manual processes. Pricing PestPac does not publish pricing publicly. Pricing Briostack does not list its pricing online.
Judah Levine October 15, 2024 Weekly highlights Ocean Rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $5,565/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 1% to $6,787/FEU. Europe prices (FBX11 Weekly) fell 11% to $3,625/FEU. America weekly prices decreased 23% to $5.43/kg.
That gave rise to a new time pricingstrategy, dimension (DIM) pricing. . Density plays a role in the form of dimensional pricing. DIM pricing considers cubic volume in addition to physical height, width and depth of packages as a factor for price calculations. Capture pricing data for LTL freight.
The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.
However, the sheer amount of fees applied in the process to price freight for a load can amount to quite a hefty sum. . But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. ” This means knowing how a carrier or shipper approaches freight pricing.
In this blog post, we will delve into the intricacies of order management, the role of an Order Management System (OMS), what happens after checkout and how to master your order management strategy with the help of cutting-edge order management systems and order management software. What Is Order Management?
Judah Levine November 15, 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) increased 6% to $1,711/FEU. Europe prices (FBX11 Weekly) increased 11% to $1,381/FEU.
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. But taking that data and turning it into an actionable strategy is challenging, especially if you are pulling the data from multiple platforms.
This feature is particularly beneficial for LSPs preparing tenders or tariff proposals, as it provides a structured approach to pricing. To see our Matrix Creator App in action, click on the image and explore the interactive demo. Minimum Travel Time Optimize routes to reduce time spent on the road.
And if shippers know more about how carriers price freight, they are better able to identify those trends based on market signals and pre-empt carrier pricing changes. . Generate stronger, more proactive carrier pricingstrategies based on near-real-time data insights . Request a SONAR Demo. Consider this fact.
For managers in the transportation industry, freight load pricing accuracy remains a source of confusion and disruption. Remember that carrier pricing is subject to the following: Market conditions can change quickly and shift hour by hour at times. . Click the button below to request a FreightWaves SONAR demo.
Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. Request a SONAR Demo.
Fuel costs: Last-mile fuel costs require careful management as they make up 25% of a truck’s operational costs over volatile price fluctuations. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles? These include: 1.
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. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates.
This means that companies with access to near-real-time data could potentially save by the elimination of lagging data. Spot data and contract data, including paid invoice rates, come together to fuel your strategy. Fuel and energy data also provide useful information in preparing a strategy. Request a SONAR Demo.
(Graphics created by Emily Ricks) Carriers frequently find themselves frustrated when costs eat away at their profits and they have limited pricing visibility. Financial losses or declining profitability certainly make cost-cutting a priority. Using freight indices assists significantly in finding the most appropriate pricing ranges.
How carriers create data-driven pricingstrategies. Request a SONAR Demo. To help carriers learn how to apply and deploy data more effectively, this white paper will explore: The uses of data to allocate and manage assets. The applications of analytics to navigate market volatility.
Shippers want a significant reduction in the stress of logistics. With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. Request a SONAR Demo.
Traditional fixed-price contracts, once the bedrock of stability, are yielding to the pressures of market dynamism, unable to keep up with the factors impacting the markets. It beckons us to lead with vision, ensuring our strategies are as dynamic as the markets we navigate. Get Your Custom Report Now!
There’s a broad range of options to reduce rates and increase carrier revenue. Track truckload freight accessorial costs As reported by Inbound Logistics , “Carriers price accessorials, such as liftgate or non-commercial delivery, at a premium. Review transportation pricing and contracts regularly.
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.
Supply chain leaders continue to focus their efforts on finding the right mix of assets used, market positioning and carrier freight pricingstrategies. When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy.
Ty Findley, managing partner of Ironspring Ventures, conducted a roundtable discussion titled The Next Chapter on Last Mile, with Penny Register-Shaw, chief strategy officer of The FRONTDoor Collective, and Bill Catania, founder and CEO of OneRail, on Tuesday during day two of FreightWaves’ Future of Supply Chain event in Rogers, Arkansas. “We
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.
Increasingly, however, it is also critical for shippers, brokers, and carriers to know when rates ebb and flow allowing freight market participants to adjust budget forecasts, know how a carrier prices freight rates, and understand the services offered to justify the rates carriers are offering. Request a SONAR Demo.
Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. Average length of haul (ALOHA) There’s a perception that tracking fuel prices and the balance of freight between spot versus contracted movements are the most important KPIs. That should sound extremely familiar.
But they don’t so much win them on service – they win on price (that’s something that Freightos research actually showed too). That’s good for the big customers – the Starbucks, Walmarts and Apples, who demand (and get) business class service for an economy price ticket. REQUEST A FREIGHTOS DEMO. But It’s About To Change.
Improve end-to-end visibility to reduce idle time and wasted resources. Analytics-driven processes must continue to remain the primary strategy for all managers today to improve profitability and increase revenue per driver and per load. Idle and dwell time during loading and unloading can get reduced. Price per mile driven.
The fundamentals of a Freight Rating System match a user’s shipping and freight characteristics and a carrier’s service and price options. These elements go beyond price and should be taken into consideration as to how they can provide additional benefits to a shipper. Find out how pricing is made available to shippers.
In the image below, use the following as your guide to interpreting: Blue = outbound tender rejections for the Dallas market, which measure service, capacity and price. That’s the information needed to know when you’re about to experience some route guide and price volatility. Capacity signals for the freight market.
May 28, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 13% to $4,917/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 18% to $6,323/FEU. Europe prices (FBX11 Weekly) climbed 6% to $4,876/FEU. America weekly prices decreased 3% to $5.69/kg.
As demand for e-commerce accelerated, notes John Koetsier of Forbes , trucking carriers gained extreme favor in pricing power. In turn, carrier freight pricing guidance must be attuned to the fluctuations within individual needs, and that’s despite the use of end-to-end trucking analytics.
Carriers simply need to know where to send trucks and the proper freight rating or pricingstrategies to use. That will go a long way in reducing operating ratios and increasing fleet utilization. Carriers need an advanced dashboard that puts the information front and center, creating an intuitive pricing process.
Centralization and Standardization These platforms centralize procurement tasks, reducing the reliance on multiple spreadsheets and allowing for a more organized approach to managing bids. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.
Most of the freight moves under a more consistent pricing structure or “ contract ” rates. Compliance levels fell rapidly, leading to surging spot pricing. Unlike previous years when the market was more stable, shippers will have a tough time finding the sweet spot that balances price and service/compliance levels.
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