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Space freight is becoming more accessible, offering a new dimension for logistics operations. For logistics professionals, the cost and limitations of space freight require careful evaluation to determine practical applications. The materials and engineering involved in refurbishment reduce costs only incrementally.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
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. . This trend moved forward in exciting ways in 2019. Neither are freight forwarders. .
The freight shipping industry is evolving rapidly, driven by technological advancements and shifting trade dynamics. As we approach 2025 and beyond, several key trends are shaping the future of freight shipping. Companies like GoShip are leveraging AI technology to improve freight matching and reduce inefficiencies.
Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. Let’s dive into the latest manufacturing trends. WHAT ARE THE LATEST TRENDS IN MANUFACTURING? Now, increasing output isn’t a new trend in manufacturing. DIVERSIFYING WORKFORCE.
Here are five trends that all shippers should be keeping an eye on as they plan their ocean freight movement in 2021: The container shortage is still in full force, but it may be easing somewhat. Comparing that to March 2020’s prices, CNBC says freight rates from China to the U.S. rates are up 145% year over year.
In this edition of “SONAR Indices & Insights,” the SONAR team will explain another index found within SONAR, the freight forecasting platform from FreightWaves. In this article, you learn what the RESL Index is, what it may tell various freight market participants, and what the RESL Index can do for each freight market participant.
In this blog, we’re going to dive into some of the latest trends in the food and beverage industry. TRENDS IN THE FOOD AND BEVERAGE INDUSTRY. One of the well-known trends in the food and beverage industry is the continued growth of cold chains. This makes sustainability one of the top trends in the food and beverage industry.
Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner?
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. An example can be seen the Los Angeles market. Imports on the Rebound? For the past 14 months, much of the conversation around U.S. container import volume has been gloomy.
Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. LTL shipping rates would historically depend on freight class and the cost per hundredweight . Download the White Paper.
As a Freight Agent, you might think proof of your business growth is solely measured based on your revenue size. Choosing to look beyond the numbers for growth and instead embracing a growth mindset can revolutionize your approach as a Freight Agent. A curious Freight Agent isn’t afraid to ask why certain routes may be preferred.
In this blog, we’re going to dive into some of the latest trends in the food and beverage industry. SUSTAINABILITY Growing climate issues are making sustainability a common trend in almost all industries. This makes sustainability one of the top trends in the food and beverage industry. As a result, hiring workers in the U.S.
So, going into 2025, I would like to focus on current congestion data, global trends and what U.S. For example, numerous ports are still severely congested today. increase), as shippers front-loaded freight and amid trade uncertainty. exporters can expect in the new year in regard to cargo fluidity. shippers to deal with.
At the heart of CTSI-Globals portfolio is its TMS, which supports essential logistics tasks such as load planning, routing, parcel management, and freight auditing. With a global footprint, CTSI-Global manages $30 billion in freight annually and employs 500 staff across multiple countries.
Similarly, shifting freight from road to rail or waterways offers lower-emission alternatives for long-haul transport. Patagonia serves as an excellent example of this approach, incorporating recycled materials into its products and offering repair services to minimize waste while maintaining a strong brand commitment to sustainability.
(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.
Which has better shipping freight rates? CONTRACT RATE PROS/CONS SPOT MARKET PROS/CONS HOW TO GET YOUR BEST SHIPPING FREIGHT RATE ON THE CONTRACT MARKET HOW TO GET YOUR BEST SHIPPING FREIGHT RATE ON THE SPOT MARKET WHAT HAPPENS WHEN A CONTRACT IS BROKEN? Spot freight rates are short-term transactional quotes for moving freight.
There are many variables affecting ocean freight rate fluctuations. Carriers will want freight rates at higher levels to maximize the profits per-vessel, while BCOs will want to ship with the best possible cost out there. Consumer Demand and Vessel Supply Consumer demand and vessel supply have the biggest impact on freight rates.
Air freight forwarding emerges as a key player in this scenario, offering speed and reliability that can significantly impact business operations. However, it’s important to choose the right service provider, as not all freight forwarders are created equal.
The freight forwarding and project cargo sectors, always at the heart of global commerce, are adapting and evolving. Drawing from industry insights and the pulse of current trends, let’s explore the intricate tapestry of what the remainder of the year and beyond might unfold. Example: Consider the Suez Canal obstruction.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Consider this example. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity.
Getting a better shipping experience is easy with an optimized supply chain and a robust freight brokerage setup. Creating the perfect supply chain can be a challenge, but freight managers can do some simple yet practical things. Examples would be some traditional forms of material handling equipment.
As shippers either figuratively or literally flipped the calendar page over to 2022, the hope was that at least some of the capacity crunches, driver shortages, labor issues and freight rate increases that took hold in 2021 would begin to heal themselves and create a more balanced transportation marketplace. Unfortunately, this didn’t happen.
Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. As a result, freight cost changes go unnoticed and surpass budget limitations.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
trends including the adoption of electric vehicles, with all the attendant disruption this will have on engine production and spare parts logistics. According to John Manners-Bell, Ti’s CEO, “The automotive sector may become unrecognizable in time, driven by trends often referred to as Industry 4.0. Printer-friendly version.
When it comes to the movement of freight, one megatrend driving the need for better technology is the driver shortage. TuSimple – a provider of autonomous freight semi-truck solutions – has said their technology will be operational by 2024. TuSimple is offering freight as a service to shippers and carriers.
Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Quite simply, it costs money to ship freight and the amount can vary significantly by region, zone, mode and more.
An iGPU (integrated graphic processing unit) is a current example. As an example, if we have congested lanes, the system will automatically flag that we have a potential risk of delay based. For example, we’re working on telling the solution that it has a budget. Show us the best way to fix the freight delays!”
Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. Some examples and benefits of digitalisation in shipping are. Here is a real life example. For example, seafood products are best shipped at -20°C (-4°F) or lower.
The latest information coming from freight forwarders and experts in logistics points towards the expectation that US imports will remain high throughout October 2020. For example, by the 28th of August 2020; the Asia-US West Coast rate was $3,639. A recent survey of factories in China seems to point towards this trend.
Example: Retail giant Zara uses real-time data from its stores to adjust inventory dynamically. Example: Amazon’s fulfillment centers are famous for using robotics to streamline order processing and packing. Example: A manufacturing firm faced potential delays when a hurricane disrupted operations at a key supplier.
Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. And in freight management, a delay of a day or even hours can amount to significant delays and a poor customer experience. In general, this results in a preference for contract freight among shippers and carriers alike. Consider this.
Although it’s hard to know for sure, here are three trends that are likely to shape the supply chain industry over the next 12 months. One example is multi-shoring. For example, 57% of carriers are now leveraging freight exchange platforms to find additional capacity when their own network reaches exhaustion.
In modern freight management, the word of a broker is an unbreakable bond. And the results are proving SONAR’s value as a market trends and planning resource. We also worked across our carriers to collect data from our network and understand where rates were trending. View the Full Case Study. Greg Morrow.
The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .
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). For example, the Outbound Tender Volume Index (OTVI) is a 7-day moving average of shippers’ requests for capacity.
Securing capacity for global air shipments has become more difficult this year as total freight volumes receded and as carriers reduced their flights as a way to offset that drop in volume. The latter is a particular concern for shippers that rely heavily on air freight. What’s Driving the Trend? Total volume fell by 12.6%
Reason for the drastic increase in freight prices . Probable events that will lead to a downfall in freight prices. In recent months, businesses and shippers have been plagued with abnormally high freight rates. Freight prices have climbed over 500% in the last year. . Why have freight rates been on the rise?
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. .
Less than Container Load (LCL) is a term used to describe the transportation of small ocean freight shipments not requiring the full capacity of an ocean container. What are the charges for an LCL shipment and how are LCL shipment freight rates determined? Ocean freight: the base rate for ocean freight. Why use FAK?
As of mid-2024, importers shipping goods from Thailand, Cambodia, and Indonesia to the United States face significant challenges due to space shortages and rising freight rates. Rising Freight Rates: Freight rates have surged significantly. Increased Costs: The surge in freight rates translates to higher costs for importers.
After, he was the CEO of Freight Mango, a Global Digital Freight Marketplace focused on streamlining and automating global trade. ? Top Trends in Supply Chain Tech with Charley Dehoney. Since August 2021, he has built and lead ZEBOX AMERICA, based in Arlington, Virginia. Learn More About Disruptive Tech In The Supply Chain.
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