Welcome to the June 2021 issue of JBF Freight Transportation Industry Bulletin, a monthly newsletter curated by the JBF Consulting team, with a focus on supply chain, transportation, logistics and of course freight.
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In This Issue
One can only say “WOW!”
Freightos spot rate index shows Asia to US west coast trade lanes closing in on $7000 / FEU while east coast spot rates are just a tad south of $10,000. To be clear, this is just the spot rate and does not include the “premium” surcharges that carriers are applying on top of the spot.
Stories of BCOs offering in excess of $15k / FEU are prevalent, and even that is not guaranteeing a coveted spot on N. American bound container ships. Read the full update…
Mike Mulqueen and Joe Lynch discuss freight tech trends on a recent episode of Logistics of Logistics podcast.
Shipper of Choice, yay or nay?
From a "mode-agnostic" point of view, for years shippers have been told if they are a “Shipper of Choice” they’ll be protected in the marketplace from rate increase, capacity constraints, so we want to know if you agree.
Insights From the Blog
From time to time, even the most straight-forward and seemingly simple engagements go sideways.
While not an exhaustive list by any means, these six items are often the critical ones to give some thought and consideration to ahead of the go-live.
MEME of the Month:
The List Goes On…
Sounds familiar to anyone?
IGNITE 2021 - Aug 3 - 5 in San Antonio
Mike Mulqueen will be moderating a panel at the Ignite 2021 conference hosted by PCS Software Inc in San Antonio, TX!
In order to prevent Solution Quality Decay, we advise our clients on the concept of “Stewardship”. It can sometimes be difficult for business leaders to wrap their heads around the concept as it relates to technology. READ MORE…
“We're witnessing a period of time where we're seeing a supply chain globally that can take some punches, it can really adapt in a conflict. A lot of these things, they're seen as like a disaster or a setback. But some of these situations, they're recovering fairly rapidly. It's a super dynamic environment. And I think we're seeing a supply chain that's not a static anymore, which is exciting.”
Griffin Holub, Functional Consultant at JBF
Has Your Business Changed in the past 18 months?
If you answer YES, then it’s probably time to reassess your TMS. If you’re like most businesses this past year has been a dramatic shift in your transportation network and operations. Where do you now focus your attention?
The fine print: This newsletter is being provided to the reader as a general overview of current market conditions and contains information compiled by JBF Consulting from a variety of sources. This newsletter is provided solely for general informational purposes and is not intended to be, nor should it be construed by the reader as, specific advice or a solution tailored to a particular company or client. Before acting on any information, you should consider the appropriateness of the information provided to your company’s circumstances and it is recommended that you seek independent advice if you have questions specific to your own objectives.
JBF Consulting makes no representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability for any representations (expressed or implied) regarding information contained in, or omitted from, this newsletter.