Download Digest INDUSTRY NEWS At the top of the list, this week is the cost of fuel. The Rockfarm FSC index shows diesel now at $3.14 per gallon midway through March, a 16% increase in expense since the beginning of the year. As we can see by the chart below, the cost of crude has […]
Download Digest In many small to midsize shippers, the contract that exists between shipper and broker is a broker-generated contract the Transportation Intermediaries Association (TIA) supports for its associated members. The TIA contract is a preferred agreement that allows a broker to formalize its relationship with the shipper. Throughout the past decade, many larger shippers […]
Download Digest Industry News Carrier 2020 Q4 earnings reports have been positive as 2020 ended strong with XPO reporting its highest quarterly revenue at $4.67 billion. LTL motor carrier SAIA reported a net income of $40.2 million while truckload carrier Werner posted a 25% jump in net earnings to $60.6 million. Jumping to maritime financial […]
Download Digest The approach to the TMS journey for shippers varies widely based on the size, resources, and complexity of the organization. The larger the organization, the more apt that an outside consultant may be engaged. The smaller the organization, the more often you will find an operations or logistics manager spearheading the search with […]
Industry News Download Digest Pent-up demand triggered the fourth-highest sales volume for Class 8 trucks in December as volume rose past 50,000 units for the second straight month. Amazon has moved from leasing to purchasing aircraft with its first purchase of 11 used Boeing 767-300 planes. Competition for drivers is heating up with large carriers […]
Download Digest By all comparisons, 2020 raised the bar in presenting us with challenges to overcome both professionally and personally. Though the resounding response to 2020 becoming past history versus living history has been, “See ya.” There have been a number of lessons learned that we can use to keep our professional lives busy for […]
WHAT TO WATCH FOR IN 2021 AS WE WIND DOWN 2020 Download Digest • Federal Motor Carrier Safety Administration’s Drug and Alcohol Clearinghouse reported positive test results for 46,000 drivers through October. To date, less than 10% of the drivers who tested positive have completed the return to work process after testing positive for drugs. […]
Download Digest According to CargoNet, the third quarter of 2020 saw an increase of 23% in cargo theft events in comparison to the third quarter of 2019. The risk of fraud and theft in the non-asset trucking arena requires continuous vigilance, great processes and caution. Capacity is still tight, which creates a situation whereby the […]
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