April 2024 freight market update: Key insights Both inflation and the labor market seem to be more resilient to the tightest monetary policy seen in decades. Consumer prices in the US have surprised to the upside for three months in a row. The unemployment rate fell to 3.8% in March as the economy added 300K…
Month: March 2024
As global trade burgeons and logistical complexities intensify, supply chain managers, operations specialists, and logistics professionals navigate a landscape where every dollar saved in freight expenses reverberates through the bottom line. While the years following the pandemic were historically challenging times to be a shipper, the last year saw freight rates melt as demand fell…
By: Mollie LeBlanc, Vice President of Operations, Uber Freight, and Shradha Balakrishnan, Senior Product Manager, Uber Freight More than 80% of the world’s international trade occurs via ocean freight. With hundreds of thousands of containers spread across various ships and routes, shippers who work with ocean carriers need to know where their shipments are at…
At its core, a transportation management system (TMS) is a powerhouse piece of transportation management software that allows businesses to streamline and optimize their transportation operations. Often integrated with other systems like enterprise resource planning (ERP) and supply chain management (SCM), a TMS serves as the nerve center for logistics, helping companies orchestrate the seamless…
With global trade flowing like the tides, the ocean freight industry highlights human ingenuity and the determination to connect markets across vast distances. Valued at a remarkable USD 75 million in 2022 and projected to reach USD 89.9 million by 2028, the industry’s growth is driven by the increasing demand for goods and services worldwide….
Idella Hansen started her trucking career with two pieces of advice from a fellow driver: “Don’t leave the house without a jacket and don’t piss into the wind.” The man had picked her up from the ground after, on one of her first days hauling flatbed, she’d let a chain fly and knocked herself out….