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
3D printing, also known as additive manufacturing, has come a long way since it was first developed in the 1980s. While 3D printing originated as a tool for rapid prototyping, it has now evolved to cover several different technologies. 3-D printing has been an interesting and convenient solution to part replacement planning. Its applications became popular for a quick solution to create small, insignificant plastic replacement parts. The evolution of 3D printing has seen a rapid growth in the number of companies adopting the technology. The applications and use cases vary across industries, but broadly include tooling aids, visual and functional prototypes, and even end-use parts.
Read MoreTopics: Supply Chain Management, Intermodal Freight, Transportation News, 3D Printing, Industry Trends
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
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
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
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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