Subscribe to our free, weekly email newsletter!


Optimizing Freight Procurement


January 22, 2013

While the United States shipping industry remains vulnerable to a capacity crunch, it is clear that many shippers and carriers could do more to help mitigate the strain on the system through more effective planning. A recent study from U.S. Xpress shows that more widespread and efficient use of transportation management systems, clearer supply chain visibility, improved analytics and more up-to date data could go a long way toward helping to optimize loads and reduce costs for shippers who have come to rely on just-in-time inventory management.

Shippers and carriers have made great strides in this area, yet this study reveals that there is still a significant amount of work to be done and room for these parties to work together to make it easier for both sides to achieve their objectives.

image/article/

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

Total December shipments––at 1,150,810––were 3 percent better than November and up 5 percent annually. And total 2014 shipments––at 14,092,551––were up 5.61 percent, setting a new record for annual shipments during the time which Panjiva has been collecting this data since 2007.

The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in 2009.

The challenge for air cargo operators to fill capacity, and the confidence to add capacity, remain the same as the demand curve for air freight services recovers.

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

Article Topics

Whitepaper · Freight · Procurement · U.S. Xpress · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA