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.
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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
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
As if things weren’t challenging enough along comes hurricane Ida causing all manner of disruption to the Gulf states. One million without power for quite a while, hospitals limping along on generators and commerce in the region is at a standstill.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Industry Trends
As we struggle to combat Covid-19 and other mutant strains of the virus, through this year and beyond, logistics planners may want to keep their eye on some key factors affecting the supply chain. You may find some of these topics affecting your planning strategies in the coming years.
Read MoreTopics: Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology
Natural disasters are just one cause of disruptions to supply chains. They usually result in widespread damage to several firms and facilities at the same time. This has a severe impact on an industry and significant time is often required for recovery from these occurrences. Other global events have conspired to drive international supply chains towards the breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists. A new worldwide wave of the COVID-19 variant, natural disasters in China and Germany and a cyber attack on South African ports have all conspired to severely affect the global supply chain.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Big Data
There are so many unanswered questions surrounding the effects of the Covid-19 Virus to date. Where did the standard flu go? Is the Covid-19 virus threat over? Will the Covid variant force us back to a global lockdown? The stock market seems to think perhaps.
Read MoreTopics: Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Shipping News, Industry Trends, Technology
As we confidently emerge from the Corona Virus the industry is experiencing a myriad of changes. Since the pandemic, 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 numerous things that have impacted the manner in which the industry has functioned and there have been numerous 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.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Technology, Big Data
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