Hanjin Shipping Co. Upsets Global Trade

Posted by Mollie Leon on Fri, Sep, 9 2016 @ 8:57 AM

As the world's seventh largest shipping line by capacity, Hanjin Shipping Co. moves manufactured products and consumer good destined for retailers all over the world. They stopped taking new cargo and U.S. ports began turning away its ships after it filed for bankruptcy protection last Wednesday. U.S. shippers say they are bracing for harsh rate increases, leaving exporters scrambling to rebook, truck, reload and repack.

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Topics: Carrier Selection, Transportation Management, Carrier Booking

Three Imperatives for Managing Carrier Rate Selection

Posted by Kelsey Barker on Thu, Apr, 7 2016 @ 9:00 AM

The annual freight rate contract negotiation process is underway, and it is imperative that shippers fully evaluate their carrier options, utilizing knowledge of historical changes and past performance in their trade lanes. The complexity of freight rate contracts places a strong burden on shippers and NVOCCs to comprehensively understand the proposed rates and surcharges, including any exclusions or exceptions.

Reconciling all of these factors in the carrier rate selection process is a difficult objective for both the partners receiving RFPs to quote, and those reviewing responses. In addition, understanding the carrier's historical on-time performance for a lane is a key factor in deciding whether to award the carrier volume for that lane.

So, how do you ensure your global shipments are contracted with a cost-effective and reliable provider? How do you quickly and accurately quote lanes in an RFP or analyze the response to an RFP? When seeking answers to these questions, shippers and NVOCC's should consider the following as imperatives for managing carrier freight rates.

1. Standardize and centrally manage carrier contracts

Carrier contract formats and verbiage regarding the conditions for applying tariff surcharges vary greatly. Converting various textual contract formats into a standard structure, where services can be easily compared across carriers, enables a solid foundation for centralized management and cost comparison. What this means for your company is a simplified and more efficient process for accessing accurate, fully calculable surcharges and rates to identify the best options.

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Topics: Rate Management, Carrier Selection, Transportation Management, Carrier Booking

OHL Optimizes International Contract Management with Amber Road

Posted by Kelsey Barker on Thu, Apr, 2 2015 @ 9:30 AM

OHL, a leading global third party logistics provider (3PL), has renewed its license of Amber Road’s International Transportation Management solution (ITM). The enterprise solution enables OHL to effectively manage its international portfolio of service contracts, service agreements, rate sheets and variable carrier accessorials.

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Topics: Landed Cost Calculation, Amber Road News, Contract Management, Carrier Selection, Transportation Management, Carrier Booking

Apple Supply Chain Optimization: Then and Now

Posted by Lisa Feroli on Wed, Oct, 8 2014 @ 12:43 PM

There are many things that have attributed to Apple’s success. From its innovative product line to the company’s ecosystem, Apple is continuously a trendsetter. But according to the 2014 Freightos article, "The iPhone 6 Supply Chain: Winners and Losers", a trend that many do not know is the intricacy of Apple’s iPhone supply chain.
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Topics: Transportation Management, Supply Chain Visibility, Carrier Booking, Order and Shipment Visibility

Digital Shipping Platforms Save $684M in Errors

Posted by Kelsey Barker on Wed, Jun, 25 2014 @ 9:49 AM

The shipping industry has finally started to go digital. Until recently, if you wanted to ship a container from San Francisco to Hong Kong, you had to place an order over the phone. with a person on the receiving side. However, those people taking the ordersmake an error 20% of the time, which costs the shipping industry about $684 million a year, according to Ocean Audit, Inc. 

To cut down on shipping entry errors, many companies have turned to digital platforms offered by software firms like Amber Road, or carriers like A.P. Moeller-Maersk A/S.

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Topics: Rate Management, Contract Management, Carrier Selection, Transportation Management, Carrier Booking

Upcoming Webcast: Global Logistics Today and 3PLs

Posted by Emily Thornton on Mon, Sep, 17 2012 @ 9:59 AM

What: Webcast: Global Logistics Today and 3PLs

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Topics: Webinars, Amber Road News, Rate Management, Carrier Selection, Transportation Management, Carrier Booking

Understanding INCOTERMS Changes 2011

Posted by Anthony Hardenburgh on Fri, Mar, 2 2012 @ 4:19 PM

An Inbound Logistics article in October 2003, “Understanding Incoterms,” does an excellent job of explaining the concept of Incoterms, why they are necessary and how they work. We’d like to bring this article up-to-date with a discussion of the changes to Incoterms that began in January 2011.

To recap, Incoterms are an internationally accepted set of standard commercial terms used between buyers and sellers. The terms determine who pays the cost of each transportation segment, who is responsible for loading and unloading of goods, and who bears the risk of loss at any given point during an international shipment.

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Topics: Contract Management, Transportation Management, Carrier Booking

ITMS Benchmark Study: Technology Meets the Challenge of an Unanticipated Freight Volume Rebound

Posted by Emily Thornton on Fri, Dec, 10 2010 @ 7:12 AM

American Shipper has released a new report, based on research gathered by a survey of nearly 300 transportation managers on their international and cross-border transportation management systems, best practices, and processes. ITMS Benchmark Study: Technology Meets the Challenge of an Unanticipated Freight Volume Rebound takes a look at how successful firms are managing international transportation, and looks for emerging trends that will develop in the near future.

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Topics: GTM Best Practices, Freight Audit, Rate Management, Contract Management, Carrier Selection, Transportation Management, Carrier Booking

TSA and WTSA Members Announce New Bunker and Inland Fuel Levels

Posted by Caroline Brown on Wed, Jul, 7 2010 @ 6:52 AM

US-ASIA
TSA members announce a new Bunker formula, effective July 1 - September 30, 2010:

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Topics: Carrier Selection, Transportation Management, Carrier Booking

Change European Shippers Can Count On

Posted by Nathan Pieri on Thu, Nov, 13 2008 @ 3:08 PM

On October 17th all European – based conferences were disbanded. Deregulation of ocean shipping has finally come to pass and we are seeing early signs that beneficial cargo owners (BCOs) and logistics providers alike are scrambling to figure out how to manage transportation costing with a whole new level of rate volatility.

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Topics: Freight Audit, Transportation Management, Carrier Booking