Logistics Viewpoints

AUGUST 8, 2022

There is a need for a more nimble, continuous bidding process. It has spot procurement functionality that you would see in a transportation management system (TMS), and the request for proposal (RFP) functionality you would see in contract planning or procurement solutions. Spot versus Contract Rates. But shippers lack trucks.

Supply Chain Design Software 138

Supply Chain Design Software Supply Chain Planning Software Freight Logistics Network Optimization Software 138

Trinity Logistics

MAY 9, 2022

Here enters the contract and spot markets. Some believe the spot market is the way for shippers to save money and stay on top of capacity, while others think it’s contract. Choosing to use spot rates versus contract rates can be one of the biggest decisions for a logistics manager. WHAT ARE CONTRACT RATES?

Freight 82

Freight Price Reduction Supply Chain Planning Software Logistics Network Optimization Software 82

FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. The ability to accurately predict the volatility of specific lanes and load types can help shippers keep truckload rates under control.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MARCH 7, 2024

For a broker, this means understanding when to bid aggressively vs. less so in comparison to other lanes and the market. SONAR works upstream with industry-leading technology players to understand volume and rejection data at the point of freight tender (shipper to carrier). Let’s assume everyone is.

Capacity 52

Capacity Purchasing Skills Data Supply Chain Software 52

Logistics Viewpoints

MARCH 31, 2022

If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges. With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. Digital Control Towers.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Supply Chain Planning Software Optimization Software Modeling Software 123

FreightWaves SONAR

APRIL 7, 2023

Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. New technologies have made it possible for shippers to efficiently bid out their freight and mark rates to the market regularly, optimizing networks for the right balance of cost and service.

Cost Reduction 52

Cost Reduction Price Reduction Strategy Freight 52

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. Why a contract versus freight view misses the bigger picture.

Freight 90

Freight Supply Chain Software Supply Chain Planning Software White Paper 90

FreightWaves SONAR

APRIL 13, 2021

With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. And by knowing a few things about the risk of lacking data within RFP bidding strategies , it’s much easier to justify investment in a freight data system. Those are the founding principles behind SONAR SCI Lane Acuity.

Negotiating Skills 97

Negotiating Skills Optimal Sourcing Sourcing Strategies Data 97

FreightWaves SONAR

MARCH 16, 2021

On February 16, 2021, final reported rates for reefer contracts were at $2.02. Part of that is obvious due to changing seasons, but it also means it’s time to start thinking about how current contract reefer rates are shaping rate negotiations. However, comparing that with past years’ data, shows a notable decline from $2.05

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

Logistics Viewpoints

JULY 27, 2021

But the industry is watching as the technology opens new opportunities for safety, savings and speed long-haul, raising curiosity on the strength of a compelling business case. An impressive case study to be sure, but alas, the cost of the technology is still prohibitive for most companies. Curiouser and Curiouser.

Supply Chain Planning Software 147

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 147

FreightWaves SONAR

MARCH 15, 2021

Being able to secure loads and maintain long-term shipping contracts is essential to keeping trucks full and keeping the fleet on the road. Being able to secure loads and maintain long-term shipping contracts is essential to keeping trucks full and keeping the fleet on the road. Outdated communications affect contracts.

Optimal Sourcing 72

Optimal Sourcing Procurement Negotiating Skills Data 72

Logistics Viewpoints

JULY 13, 2022

Second is strategic cargo theft, which uses deceptive means to commit theft, including the use of fraud and deceptive information to trick brokers into giving up a load. Third is the use of technology, such as GPS blockers to hide the location of a stolen container or truck. What exactly do I mean by supply chain fraud?

Supply Chain Software 127

Supply Chain Software Supply Chains Manufacturing Procurement Procurement 127

Turvo

JULY 15, 2021

In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. Staying focused on securing loads, carrier capacity, and embracing modern platforms and innovative tools can help shippers keep ahead of the competition. .

Supply Chain Software 97

Supply Chain Software Capacity Trucking Logistics Network Optimization Software 97

Parade

MARCH 18, 2021

By tracking both carrier rates and customer rates in real-time, it enables freight brokerages to make competitive bids on both ends. Meanwhile, the added data visibility allows brokers to forecast future contracted freight and plan accordingly. Accurate truckload rate benchmarks depend on insight into current loads and market behavior.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

By tracking both carrier rates and customer rates in real-time, it enables freight brokerages to make competitive bids on both ends. Meanwhile, the added data visibility allows brokers to forecast future contracted freight and plan accordingly. Accurate truckload rate benchmarks depend on insight into current loads and market behavior.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

Parade

MARCH 18, 2021

By tracking both carrier rates and customer rates in real-time, it enables freight brokerages to make competitive bids on both ends. Meanwhile, the added data visibility allows brokers to forecast future contracted freight and plan accordingly. Accurate truckload rate benchmarks depend on insight into current loads and market behavior.

Negotiating Skills 78

Negotiating Skills Price Reduction Tools Cost Reduction 78

FreightWaves SONAR

NOVEMBER 23, 2020

Successful freight brokerages combine networking and business skills to add capacity through carrier sourcing to secure more customers’ loads. In times of disruption, market volatility grows so severe that companies can no longer realistically expect their contract carriers to meet the demands for RFP answers. Near real-time data.

Resource Reduction 98

Resource Reduction Security Capacity Freight 98

GlobalTranz

JULY 1, 2021

As supply chains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events.

Transportation 126

Transportation Vendor Strategies Cost Reduction Supply Chain Software 126

CH Robinson Logistics

FEBRUARY 18, 2022

Using the optimization functionality, you can manage complex, multi-leg shipments, as well as LTL and less-than container load (LCL) shipments, in one system. It enables you to store your contract carrier pricing and enables cost based optimization. Carriers can use a TMS to virtually bid, shipment by shipment. Rate Management.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Supply Chain Software Modeling Software 62

Talking Logistics

OCTOBER 30, 2018

Many are leveraging technology to time their offers of capacity to optimize profitability. Though they’ve always relied on internet load boards, posting services and other tools determine when and where loads are available, today they’re leveraging these technologies to “lie in wait” for opportunities to optimize their margins.

Optimization Software 60

Optimization Software Supply Chain Software Material Savings Logistics Network Optimization Software 60

Logistics Viewpoints

AUGUST 5, 2022

FedEx has agreed to buy an ownership stake in the logistics technology vendor Berkshire Grey as part of a multi-year deal to stock its fulfillment centers with the tech firm’s robotic order fulfillment systems. So I guess we better start stocking up for Halloween now. FedEx agrees to buy 10% stake in Berkshire Grey.

Supply Chain Planning Software 135

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Purchasing Skills 135

Talking Logistics

OCTOBER 24, 2017

As early as January, you could see that spot rates were ticking upward, and many shippers were trying to get out ahead of the spike and line up contracts with preferred carriers early in the year. Some were putting more of their loads up for bid earlier, or committing to two-year contracts.

Capacity 60

Capacity Tips Optimization Software Logistics Network Optimization Software 60

FreightWaves SONAR

APRIL 29, 2021

Deciding on the timing of freight bids. Using SONAR data in contract negotiations with carriers and 3PLs. . The difference has been not only offering products that customers are seeking, but also the impact of scale and supply chain sophistication that many smaller chains could not match. . Those use cases include: .

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Trinity Logistics

AUGUST 31, 2022

To start, you’ll need access to the right technology. One such piece of technology is a transportation management system (TMS). For example, carriers who bid low on a request-for-proposal (RFP), proceed to decline tenders, or provide poor service can cost your company. Not interested in reading? COST ALLOCATION.

Cost Reduction 79

Cost Reduction Negotiating Skills Expense Reduction Logistics Network Optimization Software 79

Trinity Logistics

NOVEMBER 30, 2021

Am I looking for more help than just technology when it comes to my logistics? When shopping around for your own transportation management software, you’ll want to look for these capabilities: Rating and contract management This will help you with managing freight rates, sourcing, contract management, and bid RFP tools.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 85

Transporeon

APRIL 9, 2019

New technologies create new opportunities. The right digital solution will also enhance loading/offloading processes, cut truck congestion and waiting times, and improve on-site safety. The right digital solution will also enhance loading/offloading processes, cut truck congestion and waiting times, and improve on-site safety.

Supply Chain Planning Software 48

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Price Reduction 48

World Food Programme Logistics

OCTOBER 16, 2020

Photo: WFP/Arete/Saiyna Bashir Let the bidding begin WFP procures most of its required food through competitive bidding. Photo: WFP/Damilola Onafuwa The United Nations World Food Programme is the 2020 Nobel Peace Prize Laureate. The Prize recognizes WFP’s work highlighting the link between food security and conflict.

Food and Agriculture 98

Food and Agriculture Security Purchasing Skills Procurement 98

FLS Transport

JANUARY 4, 2021

DATs Load-to-Truck Ratio chart provides some context to available capacity over the year: Note: We went from wildly available capacity in week 15, to a capacity crunch reminiscent of ’17 – ’18. Happy New Year indeed…. The year 2021 is here! And with it, it brings a fresh start, new opportunities, and hopefully greener pastures for everyone.

Freight 52

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

Talking Logistics

JUNE 7, 2018

Shippers are paying higher rates, and even with offering higher rates many shippers are seeing rejected loads from the same carriers they relied on for capacity in the past. Carriers are making load acceptance decisions based not only on price, but also on the strengths of the partnerships they have. What does all of this mean?

Supply Chain Planning Software 60

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Optimization Software 60

Logistics Bureau

JANUARY 8, 2019

This recent technology is what drives Bitcoin and other so-called cryptocurrencies. This recent technology is what drives Bitcoin and other so-called cryptocurrencies. In a supply chain, it can apply to anything from self-executing supply contracts to automated cold chain management. Supply chain has become complicated.

Supply Chain Design Software 85

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimization Software 85

Logistics Viewpoints

JULY 29, 2022

Starting next week in selected cities, consumers will see new features in the Uber Eats app and website designed to make grocery shopping more convenient, intuitive and reliable, San Francisco-based Uber Technologies said Thursday. Toy companies are always looking for the next big thing. And for Mattel, that next big thing might be Space X.

Price Reduction 133

Price Reduction Cost Reduction Logistics Network Optimization Software Supply Chain Design Software 133

CH Robinson Logistics

SEPTEMBER 28, 2021

Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains.

Trucking 116

Trucking Blog Supply Chain Planning Software Supply Chain Design Software 116

Blue Grace Logistics

SEPTEMBER 2, 2021

Others struggle to keep track of data while working on multiple platforms—whether it’s booking loads, exchanging digital documents, or tracking payments. No longer a stand-alone tool for routing and carrier selection, the TMS is fast becoming a central communications hub whose spokes extend deep into the supply chain ecosystem. DC Velocity.

Logistics Network Optimization Software 62

Logistics Network Optimization Software Optimization Software Supply Chain Software Transportation 62

CLX Logistics

JULY 1, 2020

The right outsourcing provider also assists with things like contract management, insurance, and compliance, while promoting greener and more sustainable processes and methods throughout your operation. Modern technology and systems help logistics analysts and managers get up-to-the-minute reporting on all aspects of your supply chain.

Optimization Software 40

Optimization Software Outsourcing Optimization Logistics Network Optimization Software 40

Transporeon

MARCH 5, 2018

Shippers and carriers can become better partners by being easier to work with, sharing information, billing and paying faster, unloading and loading quicker, and guaranteeing business for a certain timeframe. Use digital technologies to connect carriers and shippers for better communication and collaboration. billion tons of freight.

Capacity 48

Capacity Logistics Network Optimization Software Cost Reduction Price Reduction 48

Transporeon

APRIL 2, 2019

When your chosen carrier’s alliance partner omits your port of load, how do you ensure your backup provider is not a member of the same alliance? So what’s going on with ocean freight rates? It looks like they are marching upwards through 2017, which means shippers need to take early action now. More M&A activity is certain in 2017.

Price Reduction 48

Price Reduction Cost Reduction Negotiate Pricing Freight 48

Talking Logistics

MAY 23, 2018

These solutions, when properly implemented , routinely achieve automation levels as high as 80-90% for critical logistics processes like rating, routing, tendering, spot bidding, carrier management, freight audit/settlement and more. “Freight spend is up 15% year over year and it is eating into the bottom line!

Negotiating Skills 60

Negotiating Skills Supply Chain Software Modeling Software Optimization Software 60