This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. Anthony’s clients varied from construction, trucking, industrial, software, manufacturing, and retail industries. Key Takeaways: Understanding Freightonomics.
From digital freight brokerage and consultancy to software tools, they empower shippers, carriers, and warehouses to move more with less—increasing efficiency, reducing costs, and enhancing service quality. The best freight brokers including Loadsmart have evolved from just securing trucks to providing comprehensive logistics solutions.
She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. The platform offers a wide range of features and tools to help shippers find available carriers and carriers find available loads.
Nick Jensen is the Director of National Accounts at Loadsmart , a digital logistics company, that enables shippers to get quotes, book trucks, and track their freight from pickup to delivery. Rate Guard gives shippers an easy to use tool to control their freight costs and avoid the spot market.
Their platform not only provides highly accurate buy rates but also offers sell price suggestions based on comprehensive data analysis. empowers businesses in the truckload spot freight market with the tools they need to make informed decisions and maximize their success. Greenscreens.ai With 2022 revenues of $3.3
Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Driver wages represent 26% of costs.
Truck fleet management has always been intensely focused on knowledge of the freight market. By using strong management and analysis processes, supply chains can maximize value and stay competitive. A clear vision for how the market and the fleet can work in unison is at the heart of fleet management within the trucking industry.
Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. As explained in a previous blog post, continuous improvement in an organization can be achieved through the use of performance measurement tools via big data. Transportation modes used in procurement and shipping.
Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools.
According to the Tampa Bay Times, there are over 1 million cubic yards of debris still awaiting collection—enough to fill more than 60,000 dump trucks. With enforcement delayed until December 2025, businesses have time to integrate this tool, which streamlines data collection, geospatial analysis, and compliance verification.
Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.
Industrial engineers have used heuristics-based rules, what-if analysis, and physics-based simulation to get predictive and prescriptive insights for several years. AI can help to solve complex delivery constraints and improve logistics costs by finding patterns in data from intelligent sensors on trucks and packages.
In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. On normal days, this can be challenging enough.
A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.
Using an AI tool, I had it look at the 10K's for the top 5 trucking companies and asked it to provide a SWOT analysis for the trucking industry. NOTE: This is Generative AI: Here are the top 5 trucking companies in the US, based on revenue in 2022: UPS Inc. NYSE: UPS) FedEx Corp. Hunt Transport Services Inc.
Instantaneous freight quotes created by a dynamic pricing tool that delivers the right price with guaranteed capacity. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Mode optimization automatically included in each quote.
Instantaneous freight quotes created by a dynamic pricing tool that delivers the right price with guaranteed capacity. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Mode optimization automatically included in each quote.
Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. Trucking delays are rife, and by some accounts, demand for short-haul deliveries has increased 30%. at every step of the way,” Balaji said.
A transportation management system (TMS) , specifically one that includes a freight optimization tool, is one way to analyze and take your load planning process from hours of manual work to minutes through automation and technology. Start saving time and get your free supply chain analysis with Trinity Logistics.
There are different tools, goals, and market dynamics. When it comes to delivery to their own production facilities, “on time” is defined as the truck being at the dock at its appointment time. The company moves 46,000 shipments per year using dry van, temperature-controlled trucks, hoppers, live haul, and other trucks as well.
They dont own trucks they own relationships, systems, and experience. They Give You Tools That Let You Breathe You shouldnt need five emails, two phone calls, and a spreadsheet to know where your shipment is. At GoShip, we believe in clarity, consistency, and giving you the tools (and support) to ship smarter not harder.
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. Why lagging data contributes to limited insight into trucking rates.
Barcode Scanners — Barcode scanners are used at multiple checkpoints to make sure the right items are picked, packed, and loaded onto the right truck. Single Source of Truth — When inventory is coming and going from all directions, order and inventory data is synced to a central platform for easy monitoring and analysis.
Implementing delivery scheduling software and route optimization tools is vital, allowing businesses to update delivery paths in real-time and manage unforeseen situations effectively. Route Optimization : Use tools to find the most efficient routes. Real-Time Tracking : Adjust plans based on current conditions.
Market Analysis Understanding your market is crucial for any business. Competitive Analysis : Who are your competitors? You may also include a brief description of the equipment or vehicles you’ll use, such as vans, trucks, or bicycles. local businesses, healthcare, e-commerce companies) Key differentiators (e.g., through 2027.
The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. We couldn’t imagine going back to the old way of conducting our RFQs.
The bridge was a vital link for commuters, tourists, and truck drivers, who had to find alternative routes or modes of travel. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.
An early adopter of UgoWork solutions and beta tester operating one of the largest 3PL operations in Canada shared, “UgoPilot’s analysis of raw data provides insight that translates into action. Elevating industrial battery management UgoPilot redefines energy management and battery intelligence for industrial trucks.
Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis. Logistics strategies will leverage expert insight The best enterprise shippers look for ways to improve trucking costs and operations with big data applications. Download the White Paper.
But, its most significant innovation yet was unveiled very recently with Tesla’s electric semi-truck. Debuted with much fanfare and drama by none other than the firm’s quirky CEO Elon Musk, who drove the truck to the podium himself, the electric semi truck looked highly futuristic. download ebook.
This moment goes beyond analysis and reflection; it is the right opportunity to redefine strategies and outline new plans that not only drive results but also guarantee a prominent place in the market. Autonomous vehicles and drones: Autonomous trucks and drones: Lower expenses and faster delivery.
Especially when it comes to applying big data to solve the largest problems facing the trucking industry. Based out of California, Peloton Technologies is pioneering the use of vehicle to vehicle communication to tackle two of the trucking industry’s largest problems – fuel and safety. for the lead truck in a platoon.
According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. Which is why even knowing precisely where in Kansas the truck carrying your bolts is traveling, and when it will arrive at your plant, still doesn’t move you beyond problem admiration.
2) Establishing A ‘Green’ Truck Fleet. WFP is able to monitor the performance of its global fleet of over 800 trucks through the Fleet Management System, which monitors spare parts, fuel usage and vehicle utilisation rates of every WFP-owned truck. 3) Ensuring The Right Aircraft For Each Operation.
Over the past year, as the nation struggled to deal with the global pandemic and the changes it brought with it, truck carriers have sustained the country in many ways. Fleets typically lack the tools and resources needed to properly monitor and analyze the volume of data they receive to make critical decisions.”
The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. A communication and training tool In addition to these practical uses, digital twins can also help improve communication and collaboration within warehouses. come with any of them.
According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” The value of supply chain predictive analytics. Request a SONAR Demo.
All the sites we instal have this data waiting to be used and we have the software tools capable of analysing this data, to inform our decisions on the most appropriate, proportionate actions to take. Automation also reduces or eliminates the use of more polluting forms of materials handling equipment such as lift trucks.
They operate, both their own fleet and a dedicated fleet, that has 5,300 trucks. These trucks range in size from semitrucks to delivery vans. The company uses a network design tool from Coupa. This is an important analysistool for maintaining a well-run supply chain. Coupa’s maturity model is quite detailed.
In a world where schedule reliability is below 30%, vessels are omitting ports on a regular basis, chassis/trucking are scarce, and supply chains are completely untangled, exceptions are also the regularities that needs to be taken care of. Currently, I observe that there are significant challenges with technology integration in shipping.
And the overall industry trucking trends imply an absolute need to grow more strategically. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. The best and only successful way to overcome flawed data analysis is to use effective technology.
The second annual report on cargo theft worldwide, issued by TT Club , confirms the overwhelming targeting of cargo trucks compared to all other modalities. We are particularly keen to draw attention to the dangers of such informal parking and encourage the provision of more secured truck stop facilities.”
According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. Current State of Driver Availability Statistics The trucking industry, which is pivotal to the economy, is grappling with an unprecedented shortage of drivers.
Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Quite simply, freight rating challenges are not a problem limited to trucking carriers. Now, the industry is changing yet again.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content