The one definitive in supply chain is that every action has a series of reactions. Those reactions drive policy, practice, behavior and a multitude of other conditions on the ground that we all manage. In the case of COVID-19, the impact goes even deeper from a psychological perspective in how we begin to mitigate risk […]
INDUSTRY NEWS Download Digest September class 8 truck orders cleared 31,000 units, the highest volume since 2018. The order rate surged beyond the replacement level of 22,000 monthly units. German truckload broker, Sennder, acquired Uber Freight’s European business unit in an all-stock deal to bolster its growth and eliminate a competitor. The acquisition adds 50 […]
In today’s truckload rate environment, volume LTL and partial truck routing options become viable from both a cost basis and service standpoint. The lack of truckload capacity presents opportunities to reduce order quantities down to LTL size shipments in order to find routing options. The options rest in both traditional LTL carrier routing and partial […]
INDUSTRY NEWS Download Digest DAT Solutions, a freight and analytics company, reported that its average national dry van rate, excluding fuel, rose from $1.81 per mile in June to $2.22 per mile in August and $2.40 per mile to date in September. (joc.com September 2020) RLS Logistics expanded its national network of cold storage providers […]
Many companies may lose sight of the entire order lifecycle as visibility to inbound shipments take back stage to outbound shipping operations. Gaining visibility to inbound supplier shipments enables improvement in planning and scheduling and can positively improve profitability through lower freight expense. Companies that focus on inbound freight management enable total cost to serve […]
A freight factoring company is a financial third party that provides funding to a carrier at a discount to the actual receivable owed to the carrier by the shipper or broker. Freight factoring typically comes with two options. The first is when the factoring company takes most of the ownership of the carrier receivable and […]
INDUSTRY NEWS Download Digest Roadrunner Transportation Systems continues its transformation to focus on its LTL business after announcing plans to spin off its 3PL business, Ascent Global Logistics. The spin off to shareholders is expected to be completed in August. As a sign of our current environment, UPS exceeded 2nd quarter forecasts with a […]
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 […]
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