Job description

Freight Analyst – Job Description

Job Summary:

A Freight Analyst is responsible for evaluating and optimizing freight transportation processes by analyzing shipping costs, transit times, carrier performance, and market trends. The role involves identifying the most cost-effective and efficient shipping solutions while ensuring smooth operations in the supply chain.

Key Responsibilities:

• Freight Cost Analysis & Optimization
• Analyze freight rates across different shipping lines, carriers, and routes to identify the most cost-effective options.
• Monitor and track shipping expenses, ensuring they align with the company’s budget.
• Negotiate freight rates with carriers, freight forwarders, and third-party logistics providers (3PLs).
• Carrier & Shipping Line Selection
• Evaluate the performance of various shipping lines based on cost, reliability, transit times, and service quality.
• Maintain relationships with multiple carriers to ensure flexibility and competitive pricing.
• Assess the impact of fuel surcharges, port congestion, and trade route disruptions.
• Logistics & Supply Chain Support
• Collaborate with procurement, logistics, and supply chain teams to ensure timely and efficient product movement.
• Provide insights on freight availability and market conditions to avoid disruptions.
• Recommend strategies for reducing transit times and improving delivery reliability.
• Market & Risk Analysis
• Track global freight market trends, fuel prices, and geopolitical factors affecting shipping.
• Assess risks related to delays, supply chain disruptions, and compliance regulations.
• Suggest alternative routes or modes of transportation when necessary.
• Performance Monitoring & Reporting
• Maintain reports on freight expenses, delivery performance, and cost-saving initiatives.
• Utilize freight analytics tools and dashboards to provide insights to management.
• Develop key performance indicators (KPIs) to measure carrier efficiency and identify areas for improvement.