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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.”
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.
Using digital tools to help deliver great customer experience. . 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. . Neither are freight forwarders. .
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.
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.
BlueGrace describes this report as an important tool for measuring expected expansion or contraction within the logistics sector. increase in positive revenue expectations was driven by stronger confidence in order volumes, stabilizing freight rates, and improved efficiency in logistics operations.
The challenges facing third party logistics providers The survey highlights accuracy, timeliness and cost-effectiveness as the top priorities in goods delivery, named by 57% and 31% of supply chain professionals respectively. Vice-President for International Business at Netradyne.
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 ocean freight sector is facing a particularly high amount of uncertainty right now thanks to ongoing container shortages, port congestion and lack of capacity. In surveying the global ocean market right now, Bennett says there’s not much additional tonnage available. Covering the Demand. Identify and Focus on Priority Shipments.
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.
With all industries understanding its importance have moved ahead with digital and online platforms, the freight forwarders have also embraced the technology. In a recent survey, it was said that around 92% of freight forwarders are partnering themselves with technology to optimize their processes and to add value to customers.
" Download the Survey Results “The North American Over-the-Road Transportation Survey: Q1 2018 Capacity & Pricing Update" to see how market forces are shaping the trucking businesses and carrier capacity today. . "In Now is the time to take action to combat carrier capacity issues.
Now more than ever, companies are searching for tools that maximize both their stability and flexibility when facing the future. It’s important to consider these ten factors when considering automated document processing technology to add value and resiliency to the freight industry. Do Enable Real-Time Document Sharing Capabilities.
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. . – Kristi Montgomery, VP of innovation, Kenco.
Last month, Adrian Gonzalez’s blog post on value-added services for third-party logistics providers (3PL) provided statistical evidence from a survey that supports the transformational trend in the trade and logistics space. Read more The Need to Exceed: The Race to Become an ‘xPL’.
But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.
More than a year into a freight capacity crisis that shows little sign of weakening, it’s time for all parties involved in logistics and freight transportation to meet this issue head on. Freight Capacity Crisis: How Did We Get Here So Quickly? And then freight volumes took off, which has left everyone struggling to keep up.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
WAITING, WAITING, WAITING… According to a recent Trucker Tools whitepaper, wait times at shipper and receiver locations have increased compared to a year ago. Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. Freightwaves also collected data on driver wait times.
According to a survey, 64.3% When it comes to shipping freight, business owners need to know their margins when estimating and analyzing shipping prices. It’s easy to think of freighting as one-dimension suits all, but there is a lot to consider, as you will see. Freight Weight and Dimensions. Let’s dive in!
According to a survey by Convoy , 69 percent of respondents said reducing deadhead miles is important to them. Usually, this happens once a driver has made a delivery to the receiver, and they don’t have freight to pick up until their next destination. In fact, 36 percent of trucks travel empty in the U.S.
In response, major freight operators have recently acquired advanced battery technology firms to accelerate fleet electrification. Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services.
In 1973, the ATA introduced the Truck Tonnage Index, a monthly estimation of the total weight of freight transported by truck in the United States. The ATA creates the tonnage index through a series of surveys of its members. Yet the ATA Trucking Tonnage Index has proven to be a valuable tool in evaluating the state of the U.S.
While the industry moves toward more cohesive programs to track performance, including profitability per load, the need to boost benchmarking through freight KPIs is absolute. Tasks such as annual freight rate discussions and contract bids are more productive and accurate. Greater financial insight is an invaluable tool.
As per a Statista survey, eighty per cent of consumers say they’d return a product they received that was damaged in shipping. With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. Shipping damage is a massive threat to any products that travel on the supply chain.
Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Internal tools have a way of making the company appear better than it truly is. Increase Lead Time for Carriers Wherever Possible.
Manufacturers need to focus on their core in order to stay competitive, and technological tools, such as our Cerasis Rater, a transportation management system , allow for streamlined process in managing transportation, giving back precious time, money, and focus to our manufacturing customers. Run War Rooms for Daily Battle.
Jeff Berman | Logistics Management December 11, 2023 BlueGrace described this report as an important tool in measuring expected expansion or contraction within the logistics space.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
Whether the broker realizes it or not, carriers can switch between brokerages and platforms to find freight anywhere. They have access to near-infinite opportunities on loadboards, have direct relationships with shippers, and leverage new digital freight matching technology. Here’s what we think.
It’s the process of seeing the promised results from the implementation and adoption of digital tools. A recent Haven publication, the “State of Freight Digitalization,” revealed some surprising details about why companies continue to face roadblocks to freight technology adoption.
” ( Source) Global freight, with its blend of structured processes, unpredictable variables and high frequency, is perhaps the most fertile playground for the AI revolution. Download the full survey results View results The Motorboats vs Container Liners AI adoption trajectories diverge when comparing SMBs to larger enterprises.
C-TPAT survey gives members chance to sound off Are companies who participate in the Customs-Trade Partnership Against Terrorism really achieving tangible efficiencies by partnering with the U.S. CBP turned to the University of Virginia to help design and conduct the survey. government to secure their international supply chains?
The pandemic, and the greatest supply chain crisis it brought along with it, made these tools and solutions more useful. One thing that we cannot deny is that the recent developments have closed the gap between the larger freight forwarders and the small to midsize freight forwarders who have the means to invest in these areas.
This is part of the larger customer experience tool kit the company has rolled out. The tool kit gives customers more visibility and flexibility over their order; they can change delivery timeslots and locations in real-time. Koerber In July, Koerber acquired enVista’s omni-channel and global freight audit and payment services.
Nikolai Bozhilov, Executive Chairman of freight forwarder Unimasters, shares that they’ve used “digital labor” in other domains too, including sales, marketing, and financial forecasting. Artificial intelligence in logistics is not a magic wand that will cure all for freight forwarders. and bakes really good cookies.
This estimate is according to responses provided by 83 percent of the manufacturing executives who participated in a survey conducted as part of an industry study by the Manufacturing Institute and Deloitte Consulting LLP. Skills Shortages. skilled production workers. researchers. machinists. scientists.
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. Since the Industrial Revolution, manufacturing has been synonymous with factories, machine tools, production lines and economies of scale.
According to DAT Freight & Analytics, van load-to-truck posts are up 219% over prior year, signaling that there is massive demand for more truck drivers. A survey from the International Road-transport Union (IRU) revealed that women and youth have had their misgivings with joining this industry. Fast & free freight quoting.
According to the Institute for Supply Management , 75% of the 600+ businesses surveyed in the United States experienced supply chain disruptions. Find reliable software with AI mapping, analysis, security systems, predictive tools, and customer service solutions. . Partnering with a Logistics Expert.
Whether the broker realizes it or not, carriers can switch between brokerages and platforms to find freight anywhere. They have access to near-infinite opportunities on loadboards, have direct relationships with shippers, and leverage new digital freight matching technology. Here’s what we think.
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