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Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Many have commented that market balance will be driven more by carrier attrition versus an event that spurs freight volumes. Figure 1.1
Will freight brokerage pricing evolve toward a discounted, transparent fee model like stock brokerage pricing? To answer that question, let’s examine some of the similarities between the two industries. Back in the 70’s and 80’s full-service stock brokerages dominated the industry. The industry leaders, like Merrill Lynch, E.F
Joe is Founder and CEO of The Logistics of Logistics , a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight. Additionally, he helped transportation and logistics companies grow their sales.
Scooter Sayers graduated from the University of Arkansas with a Bachelor of Science in Industrial Engineering and a Master of Business Administration. He began his career in transportation with ABF Freight in 1991 as a Pricing Analyst, progressing through several positions including Director – Rating & Traffic Services.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. There is a driver shortage.
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. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom.
As 2024 draws to a close, the bulk trucking industry remains steadywith capacity holding strong and demand experiencing modest declines in both bulk liquid and dry bulk shipments. While these factors contribute to a stable operating environment, they also bring challenges and uncertainties as we look ahead to Q1 of 2025.
JW Surety Bonds is the largest writer of the BMC-84 Freight Broker Surety bonds and the largest privately owned surety agency in the country with over 70+ employees and 50,000 customers nationwide. JD Weisbrot is the Founder, President and Chief Underwriting Officer of JW Surety Bonds and has been in the surety industry for 22 years.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S. Midwest U.S.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Tiny Shifts, but Big Waves As the threat of the T word continues, the freight market continues to see the pull forward of goods entering the U.S.
01:54] What will the 3PL industry look like in 2025? 12:30] Tell us about some of the trends you think are going to impact the industry over the next five years. Historically, a lot of the industry hasn’t embraced technology. Consolidation will be one of the ways the upper half of the 3PL industry will better compete.
Let’s face it, not many industries have had the spotlight thrown at them quite like transportation! You can Google any number of articles to find some tips and tricks to ensure you are reliable, but to keep it simple you can head back to your writing class! Is this article relevant to what you need? Why was the article written?
With a wealth of experience partnering with industry giants like Procter & Gamble, Unilever, Nestle, and Kimberly-Clark, Tom has been instrumental in developing cutting-edge solutions for warehousing, truck loading, and planning optimization.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Key Indicators to Watch in 2025 Normally we look at over-the-road or port volumes, what carrier rejections look like, and how that is impacting freight rates.
You didnt expect freight to take this much time. Thats when most businesses realize the value of a freight broker. But heres the hard truth: not all freight broker services are created equal. What Is a Freight Broker, Really? Why Use a Freight Broker? Anyone can say theyre a great freight broker.
Nick is the Co-founder of Kinetic , a company that helps freight tech companies increase sales, generate more effective marketing and drive long-term adoption of their product. Nick Dangles is the Co-founder of Kinetic , a company that helps freight tech companies get their products to market faster and with better adoption.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. This has buoyed optimism in the industry. While it is not approaching the levels seen in 2021, the volume index is quickly approaching levels seen in 2022.
Noam is a transportation industry veteran who has always advocated for building solid relationships between 3PLs, brokers, and carriers. Noam is a pioneer and innovator, Noam Frankel has spent more than 35 years building operations and technology in the logistics industry, originally as co-founder and COO of American Backhaulers.
The days leading up to Hurricane Milton saw Florida-bound freight diverted elsewhere, with food and beverage and produce customers being the most prominent to send their freight to alternate destinations. If issues persist longer than a week, other parts of the retailer’s network will absorb that freight.”
3PLs also have a big responsibility in resolving the multiple issues faced by carriers, thereby bridging the gap between the shipper and the carrier to ensure smoother movement of freight. In an interesting new webinar hosted by Emtec Digital, industry stalwarts discuss what goes into the process of carrier management. Date and time.
If you’ve worked in the LTL industry for any bit of time, then you know that it’s always changing. The industry hadn’t felt the void of such a large company since Consolidated Freightways closed 20 years prior. Considering Yellow Corporation was the third largest LTL carrier, what happened to all the freight they handled?
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. One may ask, “Well, why would rates elevate when the LTL industry was operating at less than capacity and nothing has caused an influx of new LTL freight?” Figure 1.2
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Maritime Industry. Trade is the reason all above businesses from 1-5 exist.
10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Original Article: 10 Reasons the Retail Industry Should Invest in a Last-Mile Delivery Solution. Every industry has dealt with the fallout or repercussions caused by COVID-19 -related disruptions to the supply chain.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. First, local freight that is destined for ocean travel will now need to find another port of departure, likely destinations the ports of NJ/NY; Philadelphia; and Norfolk, VA.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Freight Volumes Stagnant As the U.S. Capacity Declining To further illustrate the impact of freight volumes on capacity, Figure 1.2
Trent Morris has helped many of our clients over the last 2-3 years with their Ocean Freight challenges. Here’s the overview of the discussion: Brief Industry Update. Ocean Freight Tips. Freight-related articles have appeared throughout our website, check them out: Freight Benchmarking: What Is It?
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. This has buoyed optimism in the industry. GOOD NEWS, BUT… Consumer spending is the biggest driver of the U.S. JUST SOME GOOD LUCK?
So you want to become a freight agent? Because of the reputation that the Authorized Agent Program at Trinity Logistics has, we are often asked how to get started in the industry. We’ve put this article together to help you kick off your freight agent business. How do you get started? Getting Started: Education.
Let’s start with some definitions of what a freight forwarder is. A freight forwarder is a person or company that coordinates and organizes the movement of shipments on behalf of a shipper by partnering with carriers who transport cargo by ships, airplanes, trucks, and railroads.
Gain insights into the latest trends in ocean freight from an international logistics perspective and discover how the industry is evolving in terms of global shipping operations. 12 Smart Ways to Reduce Your Freight Costs
There has been a lot of talk in the news and industry publications about the struggles facing the supply chain industry. Even we have discussed the challenges logistics providers must overcome in recent articles like “ The State of U.S. What is Ocean Freight? Benefits of Ocean Freight. Rail and Ports.”.
AI in Logistics: Optimizing Routing, Freight, and Carrier Coordination Among the most data-rich areas of the supply chain, logistics operations stand to gain significantly from AI in supply chain automation. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Michael Leto , CEO of Emerge , has been in the transportation industry for over 21 years and played an active role in creating one of the largest and fastest-growing 3PLs in the country. About Michael Leto.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. LIKE TRACKING A HURRICANE I’m sure we’ve all felt like we were in a bad storm over the past few years when it comes to the freight market, and particularly, shipping rates.
From our seats, we’ve noticed that our most successful freight agents have developed certain habits that propel them to success. So, what ARE the habits of successful freight agents? Being a good listener is a vital habit for an independent freight agent’s success. The best freight agents never stop learning.
Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. As we all know, the freight market is cyclical. Why are the rates not cheaper if freight volumes are less than what we saw a few years ago? Will it happen tomorrow?
Personal shippers and businesses should be taking advantage of the opportunities presented by the existence of freight forwarders. For example, a recent survey of 100 randomly selected people showed that many are not conversant with shipping industry terminologies, let alone the services. So, what is freight forwarding?
The problem of empty container repositioning poses a significant challenge in the international container transportation industry. This article aims to investigate the use of non-operating reefer (NOR) containers as a solution to the empty container repositioning problem.
Heading into the home stretch of 2023, conditions in the bulk trucking industry remain lukewarm: not bad, not great for both shippers and carriers. In this article, we’ll break down what we’re seeing out there from a bulk freight 3PL viewpoint. Capacity is fairly stable, but costs aren’t budging all that much.
Heading into the home stretch of 2022, conditions in the bulk trucking industry remain largely unchanged since the beginning of the year. In this article, we’ll break down what we’re seeing out there from a bulk freight broker viewpoint. Capacity is still a concern, and the truck driver shortage continues to loom large.
In this article, we will discuss why benchmarking is so important, how it works, and how you can use it to maximize your efficiency when shipping goods. Benchmarking is the process of comparing current performance against current industry standards or previously established performance levels. What is Benchmarking?
Do you ever think about what would happen if your very best customer for whatever reason stopped moving freight with you? Many Freight Agents found the first several months of the Covid-19 pandemic a cold reminder of why they should always be sales prospecting for new business. Some Freight Agents’ businesses completely failed.
Chris is the founder of The Freight Coach , a company that stages transportation companies ranging from traditional freight brokerages, asset-based trucking companies looking to expand into brokerage, as well as technology companies looking to implement their product into the industry. About The Freight Coach.
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