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Mary O’Connell and Joe Lynch discuss the Bloomberg of Freight. Check Call gives insights into the world around 3PLs and freight brokers. Check Call gives insights into the world around 3PLs and freight brokers. Key Takeaways: The Bloomberg of Freight. Access to freight pricing insights. About Mary O’Connell.
FreightFest 2023 is presented by Truck N’ Hustle. Truck N’ Hustle provides the news, stories, resources, and tools for transportation and logistics professionals to be successful in the trucking business. Rahmel Wattley and Joe Lynch discuss the FreightFest 2023. Rahmel got his start in the trucking business in the early 2000’s.
FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. Freightonomics is at the crossroads of economics and freight. FreightWaves provides current digital intelligence and context to the freight community on a central platform.
Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supply chain stakeholders are using (juggling?) are growing too. are growing too.
Maersk, one of the biggest ocean carriers and global leaders in integrated container logistics, has just launched a brand new innovative online air freighttool tailored to meet the needs of Indian shippers/customers. In a press release , Maersk outlined the new service.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. Present-day, Blythe and her team oversee the management of dozens of websites to help the one-person marketing team flourish.
3PLs also have a big responsibility in resolving the multiple issues faced by carriers, thereby bridging the gap between the shipper and the carrier to ensure smoother movement of freight. Backed by interesting use cases and personal anecdotes, the presenters capture the nuances of carrier management in a compelling manner.
FreightWaves is a freight industry leader in data and analytics, logistics industry news and commentary. FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. What Does FreightWaves Do with Dooner. About FreightWaves.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.
Growing freight volumes may be welcome news for brokers, third-party logistics (3PL) operations and carriers, but with the driver shortage holding back industry expansion, finding freight carrying capacity remains an ever present and larger challenge.
Dooner talked about the launch of FreightWave’s latest media venture, “Back the Truck Up”, which is being hailed as the “Barstool Sports of Freight.”. FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform.
With the Book-It-Now feature, drivers are presented with available BlueGrace loads and pricing to accept and confirm with a single click. Truckstop.com’s market data also shows that spot rates have gone up an average of 20%, year-over-year, for all freight sectors. Commercial Carrier Journal. Aaron Huff, CCJ senior editor. Sep 1, 2021.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. This post is part of a , series of posts that aims to shed light on the many new and innovative freight tech solutions that empower freight brokers to transform digitally.
Find your Purpose to re-engage in your Freight Agent business. We recently held our Virtual Freight Agent Conference and had the pleasure of hosting Ken Coleman of the Ramsey Group as our featured keynote speaker. Super Talents Think of your top three talents as high-performance tools.
For those who are seeking how to be a successful freight broker, they should first look at how they can make themselves stand out. Differentiation for freight brokers is often difficult to achieve. And then there are the different freight broker business models. 3 Tips on How to Be a Successful Freight Broker.
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.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. Meanwhile, in the case of commercial freight, customers might unload their goods much as they do in today’s warehouse receiving operations.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
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.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supply chain managers. Achieving this high ranking among consumers and clients becomes more attainable when modern automation and tools are utilized. Download the White Paper. Request a SONAR Demo.
TIMOCOM will be presenting several innovations at the IAA Transportation in Hanover from the 20th to the 25th of September in Hall 13, Booth C40. The new freight exchange is also much simpler to use on mobile devices, making it ideal for finding freight when on the go across Europe.
Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. The shipper booked the cargo using a Freight Forwarder who issued the shipper with Original House Bills which were deposited with the finance company as security by the shipper.
This session dives into the tools, strategies, and market shifts that are transforming cross-border logistics, offering valuable insights into the future of the industry. Mexico trade is presenting both opportunities and challenges in infrastructure and capacity. Navigate the Growth in Nearshoring: Understand how the growth in U.S.-Mexico
The digital age has presented a wealth of opportunities for the over the road trucking market. As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. But what is the solution to lagging data?
Webfleet, Bridgestone’s global fleet management solution, has launched the EV Transition Tool to support businesses transitioning to electric vehicles (EVs) or expanding their EV fleets. Users can then take the next steps to electrification, supported by our network of expert partners, directly accessible within the tool itself.”
Explore the world of freight in the heart of Europe. WOF EXPO allows you to be either exhibitor and present your company in the best possible way and create unique brand awareness or come as a visitor and participate in many presentations. The post World of Freight Expo appeared first on Logistics Business® Magazine.
Turvo, provider of the world’s leading collaboration application designed for the supply chain, recently announced a new partnership with ocean freight visibility management technology solution provider OpenTrack. OpenTrack tackles data fragmentation and resolves conflicts to present the source of truth in ocean visibility.
Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche. While it is possible to continue revenue growth, you work extremely hard during down periods in your freight business just to remain stable.
Produced for the Council of Supply Chain Management Professionals (CSCMP) by Kearney and presented by Penske Logistics, the annual report offers a snapshot of the American economy via the lens of the logistics sector and its role in overall supply chains. freight brokers that shuttered their doors since the 2023 report was released.
Transportation costs: Freight rates, fuel and labour costs, and other transportation expenses. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Inventory levels: Current or expected inventory levels at various locations.
same-day delivery, logistics, courier services, freight) Your mission statement Business objectives and key milestones A snapshot of the market opportunity and how your service fills a need Remember, the goal is to capture attention and make it clear as to why your business will succeed. B2B, last-mile, freight)?
Market volatility insight presents value to carriers that learn to recognize how trends lead to challenges and why those challenges represent opportunities for improvement. These trucking costs all present an ongoing concern for carriers, and unless carriers are prepared, they will lose sight of the bigger picture.
This is due in part to LTL carriers working through the surplus of freight, selecting and deselecting freight that contributes to yield. Use these five strategies to help navigate today’s market and improve shipment performance for your LTL freight. Diversify your capacity network. Create a pick schedule that carriers value.
Freight Rate Volatility Economic slowdowns lead to heightened competition among shipping lines, with companies bidding for a smaller pool of available cargo. This competition can result in landslide of freight rates, making it challenging for shipping companies to maintain profitability. Source: Company Reports, Linerlytica 2.
The publication is produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global consulting firm Kearney and presented by Penske Logistics. “I I think the pandemic made shippers realize that, in general, it is important to have more than one tool in your tool kit and more than one arrow in your quiver.
The evolution of cargo tracking from traditional methods to sophisticated digital tools marks a significant leap in how logistics companies manage and monitor shipments. This blog will explore how these tools work, their benefits, and their impact on the logistics industry.
The Uberization of Freight. People are trying to automate as much of the order-to-cash process as possible - however, there are hurdles that make the fully automated “Uberization of Freight” difficult for both buyer and seller. 2018 will be about predicting the future, not just about understanding the present.
Of all the various freight broker sales tips, setting the hook is essential for getting and keeping a prospect’s attention. . Or it could be a conference presentation or webinar your prospect just delivered. . 7 freight broker sales tips for building the hook. #1: 7 freight broker sales tips for building the hook. #1:
If you have shipped before, then you know how important it is to understand how freight billing works. Freight billing is an unavoidable part of the process for every shipper. Without the knowledge of best practices for freight billing, it can be easy for small businesses to get caught up in freight billing mayhem.
The factors driving the tight freight market seem to be sticking around forever, like your in-laws at Christmas. To do that, we recommend using the the SONAR Supply Chain Intelligence tool to determine: Whether your carriers are charging rates in line with the market. Meet the new year, same as the old year?
The fundamental freight broker skills that lead to success in freight sales are the same skills that lead to success in life. All of the following freight broker skills are difficult to master, some take quite a bit of trial and error, and others are just down right scary at first. Online writing . Deck-building.
Our academic research continues to show that contracted freight in a hierarchical route guide provides great service and price. However, it also shows that some freight does not do well in a committed route guide. So you probably are wondering: should I be moving some of my truckload freight from my route guide to the spot market?
In a recent article, Peter Rentschler, CEO at CarrierDirect, discussed why freight brokerages should focus on better utilizing their existing Transport Management System (TMS) to increase operational efficiency, rather than investing in upgrading their systems or purchasing something new. The reality is: it depends.
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