Freightos

NOVEMBER 7, 2023

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. In this blog post, I describe the different paths these modes took and where things stand at the close of 2023. Here at Freightos, our vision is to digitalize international freight–air and ocean.

eBook 87

eBook Optimal Sourcing Negotiating Skills Digital 87

FreightWaves SONAR

JANUARY 14, 2021

Finding a balance between spot freight and contract freight remains a top priority for freight managers, shippers, brokers and carriers alike. For a carrier or broker, that amounts to getting the best rate per load – whether spot or contract. Download the White Paper.

Freight 90

Freight Supply Chain Software Supply Chain Planning Software White Paper 90

Freightos

DECEMBER 28, 2023

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Air rates – Freightos Air Index China – N. Even before the diversions, carriers had announced plans for January GRIs to elevate Asia – Europe and Mediterranean rates to above $3,000/FEU.

Negotiating Skills 77

Negotiating Skills Price Reduction Vendor Strategies Cost Reduction 77

FreightWaves SONAR

SEPTEMBER 29, 2023

Maintaining control over freight rates has never been easy for shippers. markets – either shippers or carriers have “control” of the market – for a time, until they don’t. Even during times when the industry is described as “a shipper’s market,” figuring out what to expect has proven difficult at best.

Cost Reduction 52

Cost Reduction Negotiating Skills Resource Reduction Capacity 52

Blue Grace Logistics

OCTOBER 10, 2023

Shippers Navigate Stable Market Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - October 10, 2023 Many of the concerns from earlier this year have dissipated and shippers are beginning to look for lengthier contracts with stable rates.

3PL 62

3PL Supply Chains Case Study Refrigeration 62

MercuryGate

MARCH 23, 2022

Sourcing freight capacity is always subject to market conditions and the balance of both spot and contract freight rates. However, periods of extreme turmoil, like an explosion of e-commerce amid pandemic, lead to a massive strain on resources and a freight capacity crunch.

Capacity 52

Capacity Tips Freight Trucking 52

FreightWaves SONAR

MARCH 1, 2021

Awareness of these challenges can ensure that shippers and LSPs remain prepared for market deviations and overall freight pricing changes. The issue for shippers and LSPs comes from the typical balance, or lack thereof, between freight contract rates and spot rates. Think about it. Limited capacity.

Expense Reduction 98

Expense Reduction Price Reduction Trucking Cost Reduction 98

FreightWaves SONAR

MARCH 11, 2021

The SONAR chart above shows the Intermodal Initial Contract Rate Per Mile (IMCRPM1.USA) USA) vs. the Intermodal Contract Rate Per Mile Final (IMCRPMF.USA) Reporting. Freight market data size consistency matters. The first thing to know about freight market data value is the importance of size and scope.

Optimal Sourcing 98

Optimal Sourcing Data Procurement Freight 98

FreightWaves SONAR

FEBRUARY 11, 2021

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. Benchmarking trucking fleets promotes RFP accuracy and avoids unnecessary rating losses. Benchmarking standards within trucking fleets are continuously changing.

Procurement Analytics 98

Procurement Analytics Trucking Optimization Software Operations 98

FreightWaves SONAR

DECEMBER 22, 2020

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. And that amounts to a renewed trucking RFP process.

Optimization Software 106

Optimization Software Optimization Tips Price Reduction 106

Transporeon

SEPTEMBER 20, 2018

Since the third quarter of 2017, many manufacturers have been regularly confronted by scarcity in the transportation market – a problem they haven’t encountered in years. Despite long-term contracts and fixed rates, shippers are seeing orders refused by carriers that have reliably transported their freight in the past.

Price Reduction 101

Price Reduction Cost Reduction Resource Reduction Capacity 101

FreightWaves SONAR

FEBRUARY 9, 2021

Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Why lagging data contributes to limited insight into trucking rates.

Data 59

Data Supply Chain Design Software Trucking Logistics Network Optimization Software 59

FreightWaves SONAR

DECEMBER 21, 2020

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.

Trends 98

Trends Freight Demo Purchasing Skills 98

Transporeon

NOVEMBER 19, 2018

Trucking capacity is currently so tight that logistics service providers are turning away record amounts of freight. Rates have been rising, and some shippers have even had to cut earnings outlooks due to rising transportation costs. Spot market rates have gone up 20-30 percent from the same period last year.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 69

FreightWaves SONAR

NOVEMBER 12, 2020

There are many aspects of day-to-day shipping processes that any freight broker must monitor. According to TruckingInfo.com , “Some envision technology in the freight market doing what Uber and Lyft have done in the ride-sharing market or Airbnb in the vacation market.

Supply Chain Software 98

Supply Chain Software Optimization Software Logistics Network Optimization Software Freight 98

Transporeon

NOVEMBER 19, 2018

Trucking capacity is currently so tight that logistics service providers are turning away record amounts of freight. Rates have been rising, and some shippers have even had to cut earnings outlooks due to rising transportation costs. Spot market rates have gone up 20-30 percent from the same period last year.

Optimal Sourcing 48

Optimal Sourcing Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 48

Talking Logistics

MAY 23, 2018

“Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Combating Rising Freight Costs with a TMS.

Negotiating Skills 60

Negotiating Skills Supply Chain Software Modeling Software Optimization Software 60

FreightWaves SONAR

JANUARY 28, 2021

Locality and minimal resources are the defining characteristics of this transportation sector. The for-hire market is also responding to the demand for more capacity. In 2021, market experts predict a surge in freight volume through an acceleration of Class 8 orders at the end of 2020. That much is certain. .

Trends 52

Trends Trucking Manufacturing Procurement White Paper 52

Transporeon

SEPTEMBER 20, 2018

Shippers are feeling the effects of scarce transport capacities in the market. From one day to the next and despite long-term contracts and fixed transport rates, shippers are seeing transport orders refused even by carriers that have reliably transported their freight for years.

Price Reduction 48

Price Reduction Cost Reduction Resource Reduction Capacity 48

FreightWaves SONAR

FEBRUARY 3, 2021

For truckload freight brokers, building a broker book of business is a grind. It’s often difficult to spot these shippers at the beginning of the sales cycle. 3 truckload freight broker tips to identify bad customers. Other ways bad customers push risks onto their truckload freight brokers include: . Slow pay or no pay

Tips 52

Tips Freight Negotiating Skills White Paper 52

FreightWaves SONAR

DECEMBER 15, 2020

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Know the scope and value of a freight spend analysis. The first step to conducting a freight spend analysis is knowing the ups and downs of any analysis.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

FreightWaves SONAR

JUNE 1, 2023

We got by serving customers with these resources … but they weren’t connected. In taking the opportunity to make strategic investments in digital supply chain tools during a market downcycle, when capacity is loose, freight costs are low and customer demand looks shaky, Walmart was bucking the trend among large shippers.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chains 52

FreightWaves SONAR

NOVEMBER 30, 2020

As we’ve been doing every Monday, the SONAR team teaches you about another index (or two) found within SONAR, the freight forecasting platform from FreightWaves. What does RAIL tell freight market participants? freight rail revenue and represents a competitively priced, environmentally friendly alternative to road transport.

Purchasing Skills 59

Purchasing Skills Negotiating Skills Sourcing Strategies Freight 59

FreightWaves SONAR

MARCH 25, 2021

Routing guides are a universal source of carrier freight tendering and action. They apply to all freight parties and are regularly updated to ensure that shippers can keep freight spend under control. Shippers can adjust rates to avoid overspend and higher-than-typical tender rejections. Download the White Paper.

Optimal Sourcing 97

Optimal Sourcing Negotiating Skills Resource Reduction Expense Reduction 97

FreightWaves SONAR

NOVEMBER 23, 2020

Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. Since they act as both carriers and shipper-like entities, the right blend of freight broker resources is essential to maximizing value. Market intelligence tools.

Resource Reduction 98

Resource Reduction Security Capacity Freight 98

Freightos

NOVEMBER 28, 2023

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Air rates – Freightos Air Index China – N. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Asia – N.

Negotiating Skills 79

Negotiating Skills Price Reduction Vendor Strategies Resource Reduction 79

Blue Grace Logistics

OCTOBER 24, 2022

US LTL Market Softening, But Not By Much: 3PLs Show Submenu Resources. The Logistics Blog®. After two years of back-to-back double-digit rate increases, “the LTL pricing environment has softened significantly in the last 60 to 90 days,” Adam Blankenship, COO of BlueGrace Logistics, told JOC.com Thursday. Whitepaper.

Negotiating Skills 62

Negotiating Skills Price Reduction Digital Case Study 62

FreightWaves SONAR

JANUARY 12, 2021

Stop all the chaos of freight management, and take a moment to think about the trucking market’s consistency. Change is the only immortal aspect of freight management , and it’s time to assess the state of trucking market disruption. The problem is that the idea rarely becomes a reality in the fast-paced trucking market.

Trucking 75

Trucking Industry Demo White Paper 75

GoShip Blog

SEPTEMBER 2, 2022

Here are a few things this guide will help you : Develop strategies to navigate disruptions Plan out your resources accordingly so that you ship your items quickly and efficiently. Forming long-term contracts, growing their networks, and integrating multi-carrier strategies just to name a few. What is Peak Season?

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 52

FreightWaves SONAR

JANUARY 8, 2021

Analytics-driven processes are the go-to strategies for all freight management parties that seek to increase profitability. But there can be problems in carrier freight KPIs creation and use. Here are 18 top carrier benchmarking KPIs that trucking freight carriers should start tracking today. Workforce freight KPIs.

Expense Reduction 104

Expense Reduction Price Reduction Freight Purchasing Skills 104

FreightWaves SONAR

JANUARY 15, 2021

He noted it will be at least six months until the transportation market is not being largely affected by the pandemic. Rates will swing in tandem with the market influences. Rates will swing in tandem with the market influences. Of course, time sensitivity, warehouse capacity, and more factors will influence rates.

Trends 64

Trends Trucking Supply Chain Planning Software Optimization Software 64

Freightos

MARCH 27, 2024

Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. But this effective adjustment is only possible due to the state of overcapacity in the market that prevailed just before the diversions and will likely return once they end.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Modeling Software Optimization Software Negotiating Skills 90

FreightWaves SONAR

MARCH 5, 2021

Much of the debate over freight analytics rests on how well predictive analytics aligned with what was observed in the market. But that concept often falls by the wayside in supply chain analytics, especially when assessing the accuracy of predictions using freight data or a forecasting engine.

Freight 98

Freight Cost Reduction Expense Reduction Price Reduction 98

FreightWaves SONAR

NOVEMBER 13, 2020

Do you ever wonder, “how do freight brokers make money?” Brokers have significant responsibilities in modern freight management, including the creation and execution of loads, tracking service provider performance through carrier scorecards , and much more. But consider the data surrounding freight brokers. Many do, and often.

Freight 66

Freight Demo Resource Reduction Logistics Network Optimization Software 66

FreightWaves SONAR

MARCH 19, 2021

And even if all looks well, there’s an opportunity to correct and address fluctuations within the market by moving freight to the spot market. While that works when spot rates fall below contract transportation rates , there’s another side to consider, which is now available within SONAR SCI Lane Acuity.

Negotiating Skills 11

Negotiating Skills Optimal Sourcing Buyer Training Procurement 11

FreightWaves SONAR

APRIL 2, 2021

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. That’s simply not true.

Purchasing Skills 98

Purchasing Skills Optimal Sourcing Sourcing Data 98