We live in an on-demand world. When consumers click to purchase a product one day, they expect it to be on their doorstep the next—or even sooner. These demands on the supply chain are affecting our customers of every size. » Read More
It’s been my privilege to work with MIT graduate students as they research service and pricing in the truckload market. Now, it’s time to see how your truckload strategy compares to the practices Leaders use to get the best performance and pricing.
How to Use Big Data to Reduce LTL Spend
In any area of competition— whether it is sports, games, or business— you need carefully crafted, comprehensive strategies that will enable your team to win. So, how do you start building a winning strategy? You start with data.
Today, transportation companies around the world are working to redefine business strategies that will enable them to win in the short and long term by reducing operational costs. With the right data, anything is possible. Having access to data like demand plans, forecasts, budgets, and KPIs is the difference in being a laggard or a leader. » Read More
When someone mentions the Internet of Things (IoT), people often think of smart devices, wearables, or even how your heating at home regulates itself. However, the influence of the IoT goes far beyond that. More specifically, it’s impacting the logistics world and global supply chains.
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3 Benefits of LCL Shipping | Transportfolio
One way global shippers can deal with tight transit times and fast changes in demand is to keep a lot more inventory on hand. But there is another way. You can use less than container load (LCL), which enables you to ship more frequently and still lower inventory costs.
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Last December, the electronic logging device (ELD) mandate went into effect for the broader carrier community, marking a change in how professional truck drivers and commercial motor carriers log hours of service (HOS). The federal ELD mandate, which states that fleets previously using paper logbooks needed to equip their trucks with ELDs, went into full enforcement—which includes issuing non-compliant drivers with out-of-service citations—on April 1, 2018, with the exception of a limited 90-day waiver for the transportation of agricultural commodities that remains in effect until June 18. » Read More
After a strong finish in 2017, flatbed demand has continued to soar in 2018 resulting in historic supply and demand imbalances across North America. » Read More
When you’re picking carriers to move your freight, there may seem like an overwhelming number of options. In fact, there’s an estimated 206,600 for-hire full truckload carriers in the United States. Yet despite all the options, securing the equipment you need can be challenging—especially during a tight market.
How many orders can you honestly describe as perfect? Before we answer that question, we should first consider why perfection is so important for food and beverage shipping. If you’re like many other food and beverage companies—or companies in general—you are probably seeking opportunities to accomplish some or all of the following:
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What is normal for the truckload industry? That may seem like a difficult question considering how rapidly things change in our industry—especially in the last calendar year. But there are several trends presenting themselves that will help us redefine what “normal” means for truckload in 2018 and 2019.
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