Expedited transportation is something to know about. When to request it. How much weight are your shipping. What is the protect time. These are all considerations when something goes wrong in either the manufacturing timeline, finished goods refinement or shipping scheduling. It doesn't matter where in the supply chain the problem occurred. It matters how you make up the time to avoid the ultimate disaster...a plant or partial plant shut down. At this point you are talking big money. I know if we shut down any portion of an automotive plant in the 80's it was $10,000 per hour for every hour the truck was late. Extrapolate that to today's standards and you can appreciate the severity of tardiness in our business.
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Topics:
Transportation News,
Shipping News,
Industry Trends
The Commercial Vehicle Safety Alliance’s (CVSA) International Road check will take place June 5-7, 2018. Over that 72-hour period, commercial motor vehicle inspectors in jurisdictions throughout North America will conduct inspections of commercial motor vehicles and drivers. This year’s focus is on hours-of-service compliance. Here is a quick summary of the HOS rules:
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Topics:
Transportation News,
Shipping News,
Industry Trends
Perhaps more than most other industries shippers and logistics companies seem to be late to the table when it comes to implementing technology. I know some carriers who operated without a website well in to the 90's. This tardiness to implement that technology which everyone else has adopted may eventually lead to their economic demise. The ability to provide big data driven information and the ability to protect that data have become a critical requirement. Some companies are finding themselves unqualified to bid on contracts if they cannot provide the data and technology required by customers.
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Topics:
Logistics News,
Industry Trends,
Big Data
According to industry experts the biggest weapon a company must have to outperform its competitors over the next 3 years is the Digital Supply Chain. The DSC will dramatically improve revenue and reduce costs while delighting customers. There is little disagreement among logistics professionals that this is the direction supply chain technology is moving. The sheer magnitude of data involved in logistics transactions simply requires digitization for the effective management of the information and efficient operations. So, if we're all in agreement regarding the direction of our industry now is the time for shippers and transportation providers to implement the necessary protocols and personnel to be adequately prepared for the transition to digital based logistics technology. Let's examine the theory behind the DSC and what needs to be done to make the transition.
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Topics:
Supply Chain Management,
Industry Trends,
Big Data
The economy seems to be on a role and, of course, it's happy times at home. Let's look at what is driving this current surge and how logistics plays a key role. Every major economic indicator points to a robust economic outlook. The major indicators are construction, healthcare, energy, agriculture, manufacturing, and transportation. It's the last two sectors which we are most interested in.
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Topics:
Supply Chain Management,
Logistics News,
Industry Trends
The transportation and logistics industry are currently going through some major transformations. The current metamorphosis is creating opportunities as well as challenges. Successful shippers are looking for ways to adjust to the challenges and take advantage of the opportunities. The economy, labor, and I believe, most dramatic, is the technology component which will be the game changer. Astonishingly what seemed like an unrealistic idea ten years ago, today, is now plausible because of technology. From robotics to radio frequency identification technology to blockchain applications, the possibilities are intriguing to say the least. The challenge for supply chain professionals is how to stay current on these applications and how they can give your business the competitive edge that often makes the difference between black and red on the financial statements. Let's cover a few key areas in which every supply chain professional should have a firm understanding.
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Topics:
Supply Chain Management,
Logistics News,
Industry Trends,
Technology
President Trump’s planned trade tariffs effect mainly imported steel and aluminum. Let's take a moment to explore the details of the tariffs and what consequences we can expect.
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Topics:
Supply Chain Management,
Industry Trends,
Big Data
Just as the domestic manufacturing sector is enjoying a strong and steady growth a 6.1-cent jump in diesel fuel prices across the country, during the week ending April 16, have diesel at its highest point of 2018, and its highest since the beginning of 2015. The U.S.’ average price for a gallon of on-highway diesel now stands at $3.104, the highest since the week ending Jan. 5, 2015, when diesel averaged out at $3.137. The increase was spurred by significant increases in all regions across the country, with the most significant increases being seen in the West Coast, which saw a 7-10 cent jump.
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Topics:
Logistics Business,
Shipping News,
Logistics News,
Industry Trends
How digital supply chain management, the broad concept that cloud-based systems, analytics and monitoring of goods, vehicles and other assets via the Internet of Things will improve the way supply chains run, is a major concern for many logistics organizations today. We know its coming, but how many have a clear understanding of the technology and its applications? Similar terms like digitalization or Industry 4.0, digital supply chain management spans multiple technologies and includes its fair share of buzzwords but how will it all work?
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Topics:
Logistics News,
Industry Trends,
Technology
Rideshare service Uber suspended autonomous car testing nationwide after a self-driving car struck and killed an Arizona woman crossing the street. Even though the video appears to show the pedestrian jaywalking as she walks a bicycle across a street the incident raises many more questions about the main concern of, and hurdle, for the practical commercial use of the autonomous vehicle. Uber has halted testing of autonomous vehicles until officials complete their investigation.
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Topics:
Transportation News,
Industry Trends,
Technology