Following up on our earlier segment on data, we recently had an opportunity to participate in a truckload RFP, and as a result, attempted to not only make sense of the current market, but more importantly, predict the future market. As we look at the volatility in the market with states mitigating the impact of […]
Industry News YRC Worldwide (YRCW), parent to YRC Freight and regional LTL carriers Holland, New Penn and Reddaway, announced the U.S. Treasury will provide a loan of $700 million under the CARES Act. The loan agreement calls for the U.S. Treasury to receive 29.6% equity ownership in YRCW. Class 8 retail truck sales fell 43.5% […]
Regardless of your spend under management, TMS technology is more easily engaged today than it ever has been. Cloud based platforms are dominating the market. According to Orbis Research in an article published by GlobeNewswire (2020), the global Transportation Management Systems (TMS) market size is expected to gain market in the forecast period of 2020 […]
Industry News JOC’s Truckload Capacity Index (TCI)(TCI) continued its decline for the 4th straight quarter as large carriers eliminated capacity. The large carriers reduced capacity upwards of 4% by reducing their independent contractors and foregoing hiring new drivers. DAT Solutions has acquired Freight Market Intelligence Consortium (FMIC) from Chainalytics. The acquisition highlights the market is […]
Read the full feature from Inbound Logistics! Rockfarm Mission Statement Rockfarm’s Mission Statement is to lower our clients’ supply chain “cost to serve.” Since our inception, our goal is to deliver visibility of the true cost to serve the market. Whether at the unit or part level, seeing the cost to serve our clients’ customers […]
Last year, Market Watch rolled out a press release stating a 14.8% growth in TMS technology by 2024. Acceptance of a TMS, Transportation Management System, is gaining ground due to ease of implementation and low cost. TMS is becoming accepted by shippers regardless of size or complexity. The evolution of TMS has become generally accepted […]
LTL general rate increases (GRI) have or will be taking effect as we kick off 2020. The formula behind each one will vary by carrier to include the approach the carrier takes with each individual account. The sophistication level with each carrier and how they apply their own “secret sauce” to pricing your business is […]
2019 has shown that technology adaption in supply chain is moving at a rapid pace. What is now available is an array of technology solutions that can directly address the concerns of shippers. The key concerns for shippers still remain cost reduction, enhancement of the customer experience and controlling market variables that impact carrier pricing. […]
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