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Data is a big buzzword across industries, but how about when it comes to logistics? William shares how they transform data into critical actionable information that optimizes and powers operations throughout businesses. Beyond The Data with William Sandoval. Our topic is beyond the data with my friend William Sandoval.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have fully autonomous trucks on the road in 2024.
One hundred percent of our customers are in trucking and logistics including ~10,000 motor carriers and ~800 freight brokers. They also offer specialized coverage options for certain types of trucking businesses, such as hazardous materials haulers and refrigerated truck operators. Mark earned a B.S., The Greenscreens.ai
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Below are some highlights from Seth’s article, 2023 Top 100 Logistics List Highlights Growth for 3PLs. Clevenger, currently based in Alexandria, Va., is a native of northwest Ohio.
This interesting article dissects the BLS (Bureau of Labor Statistics) monthly report. Truck job growth might be slowing, but warehouse jobs are declining. Is that due to increased automation? Or is it due to fewer people wanting the jobs, when … Continue reading →
This article is from Descartes Systems Group and looks at how companies can reduce lead times with real-time data. In this article, we’ll focus on how you can operationally utilize estimated time of discharge (ETD) to improve lead times and enable better planning all along the supply chain. To read the full article, click HERE.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Data Visibility in the Supply Chain. Today, many manufacturers lack that awareness.
Port X Logistics offers a variety of services, including drayage, transloading, trucking, project cargo coordination, and more. Port X Logistics was founded on four pillars: Culture, Service, Tech, and Trucks. and Canada. Visit ey.com/us/private. EY member firms do not practice law where prohibited by local laws.
Recently, Dehoney served as CEO of Manning’s Truck Brokerage, a 50-year-old, logistics company acquired in 2020 by Fitzmark, Inc. The podcast interview was based on an article Charley recently wrote called: Top Trends in Supply Chain Technology for 2021. Trend number 3 – International Ocean Freight Data and Visibility.
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
Living on the road as a truck driver is a difficult job but living on the road as a broke truck driver is even harder. Truck stop prices can sometimes be high, causing you to spend unnecessary dough. According to an article in CDL Life , bringing your own food on the road can save you roughly $1,500 a year alone!
Some areas in Florida have shelter-in-place orders, likely limiting available trucking capacity and shipper operations throughout the end of the week. Now those trucks are not where they thought they were going to be, so now we have to find other trucks there. READ THE FULL ARTICLE It stayed, and it’s helping.
This article is from Emerge and offers tips for trucking companies to decrease their insurance premiums. The number of accidents in the trucking industry is up, and so are insurance premiums. As an industry, trucking associations are advocating tort reform. To read the full article, click HERE.
The American Trucking Association is the largest trade association representing the trucking industry in the U.S. In 1973, the ATA introduced the Truck Tonnage Index, a monthly estimation of the total weight of freight transported by truck in the United States. Data Collection. Importance of Tonnage.
In this edition of “SONAR Indices & Insights,” the SONAR team showcases several operational-focused indices to aid asset-lite and asset-based carriers build trucking KPIs that will inform decisions that yield higher profit margins for those who run a trucking business. OPRAT is segmented into dry van, reefer and flatbed carriers.
In this edition of “SONAR Indices & Insights,” the SONAR team showcases several truck driver indices full of transportation data to aid carriers in staying ahead of any potential truck driver shortage within SONAR, the freight forecasting platform from FreightWaves. Truck to Driver Ratio (TDRAT).
This article explores the key drivers of reshoring, the rise of regionalized freight networks, evolving market trends, and how companies can optimize logistics strategies in this new landscape. Data-Driven Decision-Making in Freight Procurement Advanced Transportation Management Systems (TMS) enable: Carrier vetting and rate comparison.
AI systems get better and more accurate as they collect and analyze more data. ML is a form of AI that enables a system to learn from data rather than through explicit programming. ML is a form of AI that enables a system to learn from data rather than through explicit programming.
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.
Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.
In this edition of “SONAR Indices & Insights,” the SONAR team showcases several mileage-focused indices to aid carriers to build trucking KPIs that will inform decisions to optimize fleet utilization among other freight KPIs. Miles per Truck per Week (MILTR). Miles per Truck per Week (MILTR). Loaded Miles (%) (LOADM).
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. Let me break down what you really need to consider.
This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at fortifying warehouse and distribution centers against cybersecurity attacks. Cybercriminals are increasingly targeting this growing sector due to the large amounts of data stored in these systems and their potential value.
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.
So instead of giving a speech on this, I am repurposing this content into an article. When it comes to robotics and supply chain management, the biggest question is when are we going to have autonomous trucks? One of the biggest names in autonomous truck technology was Starsky Robotics. So, what are the mega trends?
A few weeks ago, I wrote an article on the benefits of time slot management. In that article, I highlighted the importance of the network effect on time slot management and related technologies, as well as the main benefits of a time slot management application. The average wait time for all respondents was about 70 minutes.
Throughout this article, we will discuss some of the key logistics trends for 2025 as highlighted by significant global logistics companies, as well as how they may affect business in the coming year. Autonomous vehicles and drones: Autonomous trucks and drones: Lower expenses and faster delivery.
In this article, the main hyped, promising, and solid solutions but widely adopted technologies in supply chain management are discussed. PlanIQ pulls in data from Anaplan and automatically tests several AI/ML algorithms before selecting the model optimized to generate the strongest forecast for a customer’s unique use case.
Having the data in the first place is important, and that doesn’t happen overnight. Video and voice are growing, such as cameras on trucks and Bluetooth headsets. I hope that the ability to integrate different data systems gets better. [30:05] NEXT Trucking is an emerging player with a lot of cap to freight.
In this article, we’ll explore how these technologies can make a difference and enhance port operations. AI-Powered Optimization for Port Operations Data-Driven Decision-Making: AI algorithms analyze historical data, real-time information, and external factors to optimize port operations.
People are protective over their data, and with good reason. In today’s day and age, it just takes one data breach to set everyone off in a panic. Hackers were able to exploit a bug in the software and successfully execute the data breach. Think back to the Equifax cybersecurity attacks of 2017.
Today’s article comes from Emerge, and looks at how to create full truckload budgets in a volatile market. Whether it’s for ocean freight, air, rail or truck, the fundamental issue with budgeting is that folks are called upon to assign accurate costs to transportation services that will be provided in the future.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Time slot management helps to organize warehouse resources to prepare for an incoming truck. One of my predictions within that article is that inflation will hinder supply chain resiliency efforts.
LLMs fueling data-driven decision-making LLMs have stormed the tech landscape in recent years, and their applications in supply chain management are nothing short of transformative. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best. It’s millions of individual transactions that amount to pallets, loads, trucks, rail cars, airplanes and beyond. And it begins with capturing and analyzing data in its raw form.
In this article, you learn what is the OPRAT in SONAR, who in the freight market relies on this index, what the OPRAT index tells freight market participants and a freight market expert’s deeper insight that shows how the OPRAT is used to gain deeper clarity around freight carriers’ operations in the freight industry.
Elenjickal made the point that every year, there are 9 billion hours of wasted time for truck drivers due to planning inefficiencies, especially when it comes to loads not being ready, not being able to be unloaded, or congestion around ports and warehouses.
In this article, the main hyped, promising, and solid solutions but widely adopted technologies in supply chain management are discussed. PlanIQ pulls in data from Anaplan and automatically tests several AI/ML algorithms before selecting the model optimized to generate the strongest forecast for a customer’s unique use case.
The US Department of Labor does not split out job openings for truck drivers versus openings for warehouse workers. But anecdotally it appears hiring truck drivers is even more difficult than hiring warehouse workers. percent of the workforce, according to data released from the Department of Labor.
This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype. Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem.
One of the most important pieces of equipment for any lawn care business is the truck setup. A well-equipped truck can make all the difference in being able to efficiently and effectively provide top-notch services to clients. Here are some key features to consider when setting up your landscaping truck: 1.
This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. According to recent statistical data, vacancy rates for industrial real estate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022.
In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. One of the players in this market, Resilinc, is monitoring 105 million data sources.
Refrigerated trucking can be a complex, but rewarding job. Refrigerated trucking is not only more specialized than dry freight hauling but offers more earning potential, and there are certain times of the year during which you can count on higher freight volumes to keep your company profitable. Cleaning Your Refrigerated Trailer 1.
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