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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.
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.
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
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.
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 →
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.
Original Article: What Shippers and Retailers Need to Know for Peak Season Planning 2022. According to the data, nearly 38% of respondents said they were ensuring clients received enough inventory by shipping early in 2022; 25% were using alternative shipment routes; and almost 19% were contracting long-term slot agreements with carriers.”.
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.
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.
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.
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?
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).
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.
More recently, demand planning applications based on machine learning have improved forecasting by incorporating competitor pricing data, store traffic, and weather data. ML techniques like clustering, data similarity, and semantic tagging can automate master data management.
Original article: How to Improve Exception Management with End-to-End Supply Chain Visibility. Yard exceptions – Deliveries are often marked as completed because the shipment is within a certain distance of the destination when, in fact, the truck is sitting at a truck stop. Normally exception management is tough enough.
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.
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.
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!
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).
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.
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.
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.
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.
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.
This survey-based research gathers quantitative data as well as information on practices or performance drivers. APQC Last Mile Delivery Results According to the APQC data, the most common method of last mile delivery among respondents is via in-house delivery fleet (42 percent).
Billions of venture capital dollars of investment are being poured into companies that can integrate real-time visibility data with transportation to provide a more informed ETA for shippers and carriers. This stage includes emptying the truck upon arrival, and then loading it with the next shipment. Shipment at origin. Final Thought.
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.
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.
A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. And, once implemented properly, having a collaborative, tech-enabled supply chain network powered by free-flowing, actionable data will unlock measurable business value. Faster order-to-cash.
Many shipping lines rely on refrigerated trucks and other advanced shipping services. While every shipment line has its unique challenges and services, technology can add value to many processes, including these core areas: Data analysis that allows real-time data sharing throughout the network. Diversity is also essential.
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.
Three years ago, my colleague Steve Banker wrote an article about the Amazon supply chain , asking if it was the most innovative in the world. In the article, he wrote about Amazon Relay, the acquisition of Whole Foods, Amazon the carrier, and the expansion of its warehousing capabilities. Amazon Trucking.
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.
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.
I always joke that there’s this spectrum because guys who say, “I call the trucking company,” we have an EDI that tells you when the truck arrived and a truck that tells you when the truck picked up. It’s always collecting critical data on location and condition. Everybody has. You mentioned UI.
And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5 And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5
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