As we wrap up 2019, it’s not too late to prepare for the conditions of the changing transportation market and review expectations for the coming year. Here’s a brief update about the transportation market in the final quarter of 2019.
The retail industry is evolving and adapting to new consumer demands which is shifting the supply chain landscape. Retailers expect more supply chain visibility, shorter delivery times, and real-time connectivity from shippers and carriers. Compliance programs vary by retailer but the intent is consistent across the industry—have the right product in the right location at the right time while removing waste. I recently participated in a webinar to discuss the changes in retailer expectations and how companies can successfully navigate retail compliance programs. Here are a few of the key takeaways to consider: » Read More
On August 14, 2019, the Federal Motor Carrier Safety Administration (FMCSA) released the long awaited draft rule updating certain parts of the hours of service (HOS) rules. » Read More
For many in the supply chain industry, a cyclical pattern of tension and slack is a familiar occurrence. While freight volumes and the supply of trucks and drivers constantly strive for equal balance, they often fall short. Here are the five key freight trends worth watching in late 2019.
Our industry’s cyclical pattern of tension and slack has become familiar to many of us. Freight volumes (demand) and active supply (trucks, drivers, trains, and containers) seek balance, but often fall somewhere across the balance spectrum. Currently, we are early in a shift from high tension to low. As such, there are several new trends to keep an eye on as we move into the second half of 2019. You can read the most up-to-date blog post here.
It’s been nearly a year since the electronic logging device (ELDs) mandate went into effect. Some had predicted that the industry would see mass carrier bankruptcies or a flurry of acquisitions of smaller carriers by larger ones, but that hasn’t been the case. Instead, thanks to the strongest truckload shipping market since deregulation in 1980, the ELD mandate’s effect on the market is playing out in other ways.
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.
Making the Most of Truckload, LTL, and Intermodal Strategies in 2018 | Transportfolio
Supply chains are not limited by a specific mode or service. Freight migrates from one service to the next in the broad freight economy, seeking where it is served best. Accordingly, we now need to watch trends in a multitude of services to best understand what is affecting each service and be open to change if necessary.
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For most people, surprises can be wonderful— but, as shippers, you’d like to avoid them at all costs because of the time and funds they can waste. Your best bet to avoid unexpected trouble? Develop a comprehensive truckload strategy so you’re prepared to handle just about anything. » Read More
How to Use Freight Attributes to Your Greatest Shipping Advantage | C.H. Robinson
With the end of the year quickly approaching, some industries enter their busiest transportation season and others hit a shipping slowdown. Whether your supply chain’s seasonal surge is now or not for several more months, your execution strategy has a big part to play—perhaps bigger than you realized.
We understand that getting your products to customers is likely your top supply chain priority. But there’s no reason not to get the best possible combination of price and service. In a previous post, I discussed aligning with service providers to best serve your freight attributes. Today, we’ll dig into how to and why you should accurately represent your freight.