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Editors Note: The following is an excerpt of a research report published recently, The State of Digitization in Freight Forwarding 2025. The research, conducted by Adelante SCM and commissioned by Magaya, highlights digitization trends and priorities in the freight forwarding industry.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
When people refer to “Ugly Freight”, they’re typically referring to challenging items that give logistics managers headaches because they don’t fit neatly into standard shipping containers or onto regular pallets.
Today marks a pivotal moment for the transport industry as Women in Transport launches its second annual Women in Transport Equity Index Survey , a global benchmark for tracking diversity and equity in the transport sector. Equity and diversity are vital to the future of transport, and we’re proud to lead this essential work.”
A research study conducted by The Journal of Commerce and FourKites surveyed hundreds of international shippers, exploring how their usage of global supply chain visibility technology has evolved since the onset of global disruptions caused by COVID-19.
A Logistics Management readership survey of more than 100 freight transportation, logistics, and supply chain stakeholders found that there is strong sentiment that the 2021 Peak Season will be more active than it was a year ago, with 78% of respondents indicating that will be the case, with 16% contending it will be similar to 2020, and 5% expecting (..)
A Logistics Management reader survey of 100 freight transportation, supply chain, and logistics stakeholders continued to reinforce how inflation continues to affect things, from both an operational and business perspective.
The disproportionate increase in freight volume compared to capacity availability inevitably sent freight prices skyrocketing across all major trade lanes, causing widespread anxiety amongst shippers. For shippers, vessels idling at sea would mean extended lead times on freight delivery, fomenting chaos downstream.
Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. As noted by DC Velocity , “ most freight forwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than they felt last year.
Brenny shares insights into her Minnesota-based company, which hauls unique freight like granite for the Smithsonian and steel bases for windmills, and how they support their drivers through transparent lease purchase programs and customized trucks. Christopher’s Trucker Relief and Development Fund.
The company faces an emphasis around technology and has been the only insurance agency recognized on the Freight-Tech 100 list each year since its inception. Freight-Tech 100 recognizes the most innovative and disciplined companies in freight. Key Takeaways: The CTO Perspective. and fear of missing out (FOMO).
Those interviewed said they expect a rebound during the second half of 2024 with half of the participants saying they believe freight volumes will increase by 5% during that period.
Port Everglades’ landside operations resumed Thursday morning and waterside operations are expected to resume Thursday, pending channel and berth damage surveys. If issues persist longer than a week, other parts of the retailer’s network will absorb that freight.” The whole supply chain is one big network.
Marine Cargo Survey Practices. Analyze data obtained from survey, formulates recommendations pertaining to vessel capacities, and writes report of findings. The method of gathering information during a survey is perhaps a personal preference and will come with experience. Take photos and document findings to produce a report.
Some of their notable clients include third-party logistics providers, freight forwarders, trucking companies, and technology companies serving the logistics industry. They are committed to helping their clients achieve their marketing and business goals through creative and effective solutions.
After several record setting years, 2023 saw shifts to the freight market. How did the 2023 freight market affect shipper and carrier businesses? Carriers are still concerned about low rates, operating costs, and low freight volumes hurting their businesses. Most look to continue to put most of their freight on the spot market.
Meanwhile, latest Bloomberg | Truckstop.com survey shows owners' increasingly pessimistic outlook for freight rates' immediate future, though some optimism remains. The double brokers and ID thieves are most definitely back from the holiday vacation.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
A new survey shows wages for truck drivers rose at a double-digit pace last year, as companies raced to recruit workers in a market marked by tight labor conditions and high freight demand.
New survey reveals the top pain points that logistics and supply chain management professionals continue to manage through, including higher freight costs, capacity constraints, severe labor shortages, and port slowdowns—all disruptions that are still forcing shippers to re-engineer their supply chain operations.
Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 The index correlates growth or shrinkage to overall industry volume of freight shipments and product prices. “We READ THE FULL ARTICLE
solution combines aggregated market data and customer data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to a company’s individual buy and sell behavior. Episode Sponsor: Greenscreens.ai Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.
With the onset of the COVID-19 pandemic approaching the three-year mark next month, it is fair to say that how freight transportation, logistics and supply chain practitioners approach their operational processes has seen some changes over that time.
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. . We mystery shopped the twenty largest freight forwarders for FCL, LCL and air online quotes.
Despite Hapag-Lloyd’s earnings report from earlier this week, market research firm Xeneta’s latest analysis of the shipping industry indicates freight rates have finally peaked, after skyrocketing throughout the first half of 2022, and will normalize throughout the rest of the year. The Evidence.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By analyzing detailed cost breakdowns, companies can identify and trim unnecessary freight costs. It offers a holistic view of operational efficiency, cost structures, and customer satisfaction.
As a result, capacity remains tight, and freight rates continue to increase. With logistics experts estimating that high freight rates will remain through 2022, maybe even 2023, now is not the time to stress over transportation costs. FREIGHT MARKET OUTLOOK. Freight rates have jumped 26.6 FINDING CAPACITY.
Personal shippers and businesses should be taking advantage of the opportunities presented by the existence of freight forwarders. For example, a recent survey of 100 randomly selected people showed that many are not conversant with shipping industry terminologies, let alone the services. So, what is freight forwarding?
Also expected to throw a wrench into the works in 2025 is an anticipated shift to a more carrier-friendly freight market by the second quarter of the year.
Many of those employed in logistics understand that the industry has a certain level of complexity with day to day movement of freight. When dealing with project freight, it can be very tricky at times. While every shipment requires close attention to detail and care, project freight can be a different beast altogether.
The Top 6 Stories in Freight. Here’s what’s happening this week: Layered TMS integrations now deliver major advantages to shippers Freight volume bounces back after multi-week slide… remains high C.H. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. FLS can help.
And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available top freight podcasts. Managers, team members, and anyone involved in freight tracking, shipping, logistics or management can benefit from the information and insight provided in these great freight, logistics, and supply chain podcasts.
Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.
The Top 6 Stories in Freight. Here’s what’s happening this week: LA is now the top freight market with 5.4% Here’s what’s happening this week: LA is now the top freight market with 5.4% The hottest stories in freight can be found here, in the Weekly Freight Report: 1. FLS can help.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights. This survey which was answered by over 300 Shipping and Freight Professionals across the world collected and analysed data on three key aspects of Impact, Preparedness, and Recovery.
Whether you're a trucker looking for opinions on your side of the brokered-freight transparency debate, or a broker looking to understand your service providers, these survey results shine more light on one of trucking's most important topics.
It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market. BlueGrace SVP of Managed Services Jason Lockard said that the 5.9%
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.
When asked about this for the 2021 MHI Annual Industry Report , 53% of the supply chain professionals surveyed said they are investing in robotics and automation technologies, while 54% are investing in cloud computing and storage. Freight document management is sped up dramatically by incorporating AI into the process.
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