A bill of lading is one of the most important documents in the shipping industry. A BOL is a legal contract for securing freight transportation services specifically describing the content of the shipment, delivery instructions, title transfer and payment terms. Always be aware of section 7 if you are not utilizing an established 3rd Party Logistics provider. The working notion of Section 7 is that it relieves the shipper of its normal obligation to pay freight charges where the party who was otherwise supposed to pay them fails to do so. That’s basically so, but it’s the way Section 7 accomplishes this that’s important. Post a reply for details.
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Topics:
Supply Chain Management,
Third Party Logistics,
Transportation News,
Reducing Freight Rates,
Logistics Business,
Maximizing Routing Efficiencies,
3D Printing,
Logistics News,
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
The speed and volume of global supply chain transactions has steadily increased every year except for the Covid months. The volume trend is expected to continue while the speed and security requirements of transactions is increasing to keep pace with demand. To leverage this technology to its fullest potential for predicting future performance and optimizing operational efficiency, the collection and analysis of enormous amounts of data must be completed in real time. By utilizing this technology, the logistics supply chain is poised for all processes to become faster, more reliable and more secure.
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Topics:
Third Party Logistics,
Reducing Freight Rates,
Logistics Business,
Technology
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
The end of Covid may be in sight. With that in mind we must prepare for supply chain fluctuations as we emerge from this pandemic. Rarely have supply-chain leaders faced more complex, changing conditions than they have during the COVID-19 pandemic. We’re in uncharted territory. Not only should our planning be focused upon post-Covid planning but to also must include future pandemic readiness planning. We were woefully unprepared for this one.
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Topics:
Third Party Logistics,
Intermodal Freight,
Transportation News,
Reducing Freight Rates,
Logistics Business,
Maximizing Routing Efficiencies,
3D Printing,
Logistics News,
Industry Trends,
Technology
Canadian Truckers Alliance Protest Is Gaining Traction
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Topics:
Supply Chain Management,
Third Party Logistics,
Intermodal Freight,
Transportation News,
Logistics Business,
Maximizing Routing Efficiencies,
Freight Bill Audit,
3D Printing,
Shipping News,
Logistics News,
Industry Trends,
Technology,
dimensional pricing
Cellphone providers are set to deploy 5G service in select areas this week. Airline CEO’s are warning 5G could affect airline operations. In a letter sent Monday to United States transportation and economic officials and obtained by NBC News, the CEOs of major carriers said that the launch could ground flights and leave "tens of thousands of Americans" stranded overseas. The airlines warned that the 5G signals risked interfering with safety equipment pilots rely on to take off and land in inclement weather.
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Third Party Logistics,
Intermodal Freight,
Transportation News,
Reducing Freight Rates,
Logistics Business,
Maximizing Routing Efficiencies,
3D Printing,
Logistics News,
Industry Trends,
Technology,
Big Data
The ongoing driver shortage has prompted the Federal Motor Carrier Safety Administration to solicit the OMB on a proposal to fast track a controversial driver training program. The pandemic exacerbated longstanding workforce challenges in the trucking industry, including recruitment, high turnover rates, an aging workforce, long hours away from home, and time spent waiting–often unpaid–to load and unload at congested ports, warehouses, and distribution centers. The Truck Action plan is a three-year apprenticeship program to allow carriers to employ drivers between the ages of 18 and 21 for hauling freight across state lines. Current regulations require drivers to be 21 or older to operate a truck in interstate commerce. Drivers under 21 can haul within a state subject to state laws.
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Topics:
Supply Chain Management,
Third Party Logistics,
Transportation News,
Reducing Freight Rates,
Logistics Business,
Maximizing Routing Efficiencies,
3D Printing,
Logistics News,
Industry Trends,
Technology
These last two years have presented both logistics planners and provider with the most volatile supply chain environment in decades. Supply chains have been severely impacted by COVID-19. A recent Statista survey found nearly 72% of businesses suffering detrimental effects related to the pandemic. Now, even as disruptions persist, supply chains the world around have begun picking up the pieces and charting new territory to recover. Here are some strategies a qualified 3PL can help you deploy to manage what may be ahead.
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Topics:
Supply Chain Management,
Third Party Logistics,
Transportation News,
Reducing Freight Rates,
Logistics Business,
Maximizing Routing Efficiencies,
Logistics News,
Industry Trends,
Technology
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