The Covid virus has presented production challenges for global manufacturing. Food, chemical and personal products companies, among many more, struggle to meet retail demand.
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The Covid virus has presented production challenges for global manufacturing. Food, chemical and personal products companies, among many more, struggle to meet retail demand.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology, Big Data, dimensional pricing
In 1921, an unknown World War I American soldier was buried in Arlington National Cemetery. This site, on a hillside overlooking the Potomac River and the city of Washington, D.C., became the focal point of reverence for America’s veterans. Similar ceremonies occurred earlier in England and France, where an unknown soldier was buried in each nation’s highest place of honor (in England, Westminster Abbey; in France, the Arc de Triomphe). These memorial gestures all took place on November 11, giving universal recognition to the celebrated ending of World War I battle field conflicts at 11 a.m., November 11, 1918 (the 11th hour of the 11th day of the 11th month). The day became known as “Armistice Day.”
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing
Politicians on both side of the isle support the Biden administrations efforts to revive the U.S. manufacturing base. The American Jobs Plan (AJP) was a proposal by U.S. President Joe Biden to spend $2 trillion on U.S. infrastructure over eight years. It is the second portion of Biden's three-part "Build Back Better" agenda, with the first being the American Rescue Plan and the third being the American Families Plan. It was unveiled shortly after Biden signed into law the Rescue Plan in March 2021. Biden had pitched the proposal as "a transformative effort to overhaul the nation's economy".
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
Warehouse technologies can directly impact one of the most critical strategic goals and differentiators for logistics organizations, warehouse efficiency. If warehouse operations run inefficiently, the business is forced to increase its workforce and overhead to maintain acceptable service levels and margins.
Read MoreTopics: Supply Chain Management, Freight Bill Auditing, Intermodal Freight, Logistics Business, 3D Printing, Logistics News, Industry Trends, Technology, Big Data
Officials investigating one of California’s largest oil spills are looking into whether a ship’s anchor may have struck a pipeline on the ocean floor, causing a major leak of crude into coastal waters and fouling beaches, authorities said Monday.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing
The debate over whether density-based pricing will succeed in toppling the traditional National Motor Freight Classification’s (NMFC) based pricing in the LTL industry is an ongoing debate. Carriers are pushing for dimensional pricing to manage the margins on lightweight shipments. This is the basis of the argument. Under the NMFC classification density was taken into consideration as was packaging and commodity but it was largely based upon weight. Back in the day, carriers in a battle over business after deregulation, were offering FAK (Freight All Kinds ) tariffs to get the business. This strategy ultimately led to unprofitable operation ratios, subpar delivery performance and ultimately the bankruptcy of some major carriers. Major national freight carriers in recent years have declared the days of beating up the carrier on rates is over. Unlike in the past, the LTL industry today has a massive volume of smaller shipments. There is also the challenge of completing same-day deliveries or time definite deliveries. Likewise, these shipments are not always of consistent size and density, making it difficult for shippers to sustain adequate profit margins.
Today, if you want dependable service, you’re going to have to pay for it. Let’s see if we can offer a cursory education on dimensional pricing.
Topics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, 3D Printing, Logistics News, Technology, dimensional pricing
Trucking rates out of the Northeast have been steadily rising resulting from a spike in demand from shippers using the Port of New York, Philadelphia, and New Jersey as an alternative to the congestion in the California ports of Los Angeles, Long Beach, and Savannah.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology
Transportation capacity remains on a downward trajectory while prices and utilization are increasing at a steady rate. A heavy flow of inbound containers, as providers try to catch up on depleted inventories and consumers remain active, is driving the demand side. Delays at the ports and on the rails, and a lack of equipment and trucks, is keeping capacity stretched and prices high.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology
Digital transformation is now the overriding priority for most manufacturers and retailers, with the adoption of digital technologies aimed at improving efficiency and effectiveness in the shorter term while providing the opportunity to grow a leaner operational protocol in the future. The focus is definitely on the efficiency of operations relating to technological applications as we enter 2022. The big question is are you ready? If not, perhaps we can help. Here are some interesting predictions from a reputable international research firm, IDC, which highlights key areas of technological applications regarding the impending digital revolution of the international supply chain.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology
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