A waning demand for trucking services could be the early warning sign of a recession, data analysts and experts say. The trucking industry has long been an accurate measurement of the country’s industrial stability. When demand for trucking services is high, we are producing goods for transport at a strong level. When trucking demand falls, it means the economy’s slowing down. Coming out of the pandemic the trucking industry was strong suggesting a solid recovery. 2022 is suggesting the recovery may have stalled.

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Topics: 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

On March 10, 2022, the Commodity Classification Standards Board (CCSB) issued Supplement 1 to NMF 100-AU. The National Motor Freight Classification® (NMFC®) class code changes will go into effect on April 9, 2022.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Industry Trends, Technology, dimensional pricing

Just when you thought the pandemic was coming to an end Shanghai is in a strict lockdown attempting to contain a resurgence of Covid cases. Shanghai authorities began an immediate lockdown of the city’s 26 million residents late on Sunday after mass testing found "large-scale" COVID-19 infections throughout the financial hub. “Even a sporadic and short-live Covid resurgence could bring notable shocks to consumption and continue to weigh on consumer confidence for months after the Covid wave subsides,” Bank of America analysts wrote. With the exception of falling crude oil prices, all of the fallout will likely have negative effects worldwide.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Freight Bill Audit, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing

Reshoring is the practice of bringing manufacturing and services back to the U.S. from overseas. It’s a fast and efficient way to strengthen the U.S. economy because it helps balance the trade and budget deficits, reduces unemployment by creating good, well-paying manufacturing jobs, and fosters a skilled workforce. Reshoring also benefits manufacturing companies by reducing the total cost of their products, improving balance sheets, and making product innovations more effective.

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Topics: Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, dimensional pricing

Super shippers are renting entire cargo vessels @ $200,000 per day to ensure seasonal deliveries.  Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing

As we steadily emerge from the Corona Virus the Transportation industry is experiencing a myriad of changes.  The trucking industry has had to react to unprecedented changes in operational and management procedure. Most everyone in any trucking or logistics company has had to adapt to the new normal. So, what is the new normal today and what can we expect in the coming years. There have been a myriad things that have impacted the way the industry has functioned and there have been several elements that have changed the way we work within the industry.  Let’s examine some trends and try to make some predictions for the future of trucking.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing

With the economic recovery gaining steam amid an uncertain pandemic path, companies are scrambling to deal with increasing commodity prices, supply constraints, and higher wages caused by labor shortages. According to the U.S. Division of Labor Statistics in December, the Consumer Price Index for All Urban Consumers rose 0.5 percent, seasonally adjusted, and rose 7.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.6 percent in December; up 5.5 percent over the year.

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Topics: Third Party Logistics, Freight Bill Auditing, Reducing Freight Rates, Maximizing Routing Efficiencies, Shipping News, Logistics News, Industry Trends

Supply chain issues are slowly improving but Covid related supply chain and logistics hurdles remain; namely, port congestion and related container backlogs, the ongoing need for more truck drivers to over-the-road motor carrier capacity, inflation and the labor outlook. Look to 3Pl’s to help manage the lingering these supply chain challenges.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology, dimensional pricing

To enlighten those less informed about the Transportation industry I routinely remind them that everything around their home, work and recreation areas spent some time on a truck at one time. The sheer size of the United States requires a reliable distribution infrastructure. Just consider what the railroad did for the opening up of the west and feeding the rest in the 1800’s. The need for transportation is much greater today. We built the national infrastructure. Now we must continuously support it; literally, every day.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Freight Bill Audit, 3D Printing, Shipping News, Logistics News, Industry Trends, Technology, dimensional pricing

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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Topics: 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