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Trey is a Brand Ambassador at Lean Solutions Group , a nearshore service provider that delivers high-quality business solutions in staffing, tech, marketing, and sales for U.S.-based Trey Griggs is a Brand Ambassador at Lean Solutions Group and the Founder and CEO of BETA Consulting Group (BCG). About Trey Griggs .
When it comes to major issues, industry events, and new developments, TT journalists get the story first and get it right, keeping readers informed about all aspects of the trucking industry and helping them stay ready for what’s to come.
Two contracts for a total of 24 new container ships were signed by the German shipping company, Hapag-Lloyd, the fifth-largest container line in the world by capacity. Yangzijiang Shipbuilding Group will construct 12 of these new structures, each with a 16,800-TEU capacity. billion to 4.2 billion euros ($4.6 billion to $5.0
Bear Down Logistics utilizes its company-owned assets for drayage and delivery services throughout the State of Florida, while its brokerage division serves all states and excess capacity needs for its customers. Their brokerage division serves all states and their excess capacity needs for their customers.
In that capacity, he led the acquisitions of companies such as Fleetmatics, Networkfleet and Telogis resulting in the creation of Verizon Connect. About Roadz Roadz , a Silicon Valley based fleet-tech company, is transforming the fragmented fleet management industry into an integrated open ecosystem.
Prior to joining Third Axiom, Brad was a key member of the executive team at MODE Transportation where he developed and implemented technology solutions across operations, pricing, capacity, data science, and analytics while also working to design and implement solutions for MODE’s transportation network and managed transportation customers.
Recent research across 50+ procurement professionals found them most concerned with the impact of external factors on operations, with rising costs ( 55% ), geopolitical disruptions ( 45% ) and capacity constraints ( 38% ) at the top concerns. Why Rate Refresh?
Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs. The minimum OTIF percentage varies by industry. White Paper – The 5 Best Practices for a Changing Retail Industry.
His primary goal has been leveraging Coyote’s proprietary technology, people, and capacity to solve pressing customer challenges. Industries included manufacturers, retailers, automotive, food & beverage, CPG and healthcare shippers. Businesses ranged in size from $250M to over $5B in annual revenue. 81% were from the U.S.,
More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supply chain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
Louis and got his start in the industry at Hub Group in the Highway Brokerage division. Louis, MO offering reliable, consistent, quality capacity. About Brian Gibala Brian Gibala is the VP of Sales at LTI Trucking Services, an asset-based truckload carrier and 3PL specializing in temperature-controlled contract service.
Some observers anticipate that the strike will still lead to some capacity and equipment shortages at Asian origins in early November. At the same time, Red Sea diversions’ drain on capacity are still keeping these prices about triple their level a year ago.
He is a globally experienced leader in the maritime industry with extensive operational experience and a proven track record of growing businesses and creating long-term value for customers and stakeholders. Previous industry experience includes president and CEO of Port America Group and president and CEO of P&O Ports North America.
Tech pioneer and founder providing deal flow origination for angels, venture capital firms, corporations and family offices in diverse yet interconnected areas including Industrial AI, IOT, Artificial Intelligence, Machine Learning, Data Science, Operations Technology, Enterprise, Telecommunications, Security & Access Control.
Michelle Sodomka, a Senior Director at Open Sky Group. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. Open Sky Group is focused on consulting and implementation of Blue Yonder ’s warehouse, labor, and transportation management solutions.
The SONAR Lane Score is now available in Descartes Macropoint Capacity. Direct access to SONAR Lane Score within MacroPoint Capacity helps brokers maximize efficiency by bringing in useful data into one platform. Descartes’ MacroPoint Capacity allows a broker to see assets throughout the U.S. freight markets by lane.
Industries such as semiconductors, electric vehicle (EV) batteries, and transportation equipment are at the forefront of reshoring efforts , leading to a fundamental shift in freight demand patterns. Automotive and industrial manufacturing is expanding in states like Michigan and Ohio. Southwest U.S.
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing.
MSC and Maersk’s individual share in the global container shipping industry now stands at 17% each, with MSC up from 16.9% Although in terms of the number of ships, Maersk has the edge, in terms of container capacity, MSC will have a good lead over Maersk. when we did our Annual Review of 2021.
Andrew has been in the logistics industry since 2003 when he founded GlobalTranz after serving five honorable years in the U.S. Having built a reputation for providing some of the best technology in the industry, GlobalTranz quickly became one of the top-10 Truckload and LTL brokers in the U.S. with over a billion dollars in sales.
Andrew has been in the logistics industry since 2003 when he founded GlobalTranz after serving five honorable years in the U.S. Having built a reputation for providing some of the best technology in the industry, GlobalTranz quickly became one of the top-10 Truckload and LTL brokers in the U.S. with over a billion dollars in sales.
Overall, he has executed $30B of combined M&A and investments mostly with UBS Investment Bank’s Technology, Media & Telecom group. It’s hard for Company A to figure out how to lease or allow Carrier B to tap into some of their empty trailer capacity. I think, overall, it’s beneficial to have more capacity in the marketplace.
Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based Echo Global Logistics about various topics, including: the freight economy, how Peak Season went, and rates and capacity, among others.
Jason Traff is the President and Co-founder of Shipwell , a cloud-based TMS solution based in Austin, TX that is transforming the supply chain industry by replacing opaque and manual processes through a tech-enabled, fully connected logistics ecosystem with more than 500,000 carrier partners. About Jason Traff. About Shipwell. Jason Traff.
Now let’s get to the Supply Chain News: Descartes Acquires Sellercloud Descartes Systems Group, a standout provider in logistics solutions, announced its acquisition of Sellercloud, a US-based provider of omnichannel e-commerce solutions. For example, Ryanair was supposed to get 20 deliveries before the end of December.
Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs. The minimum OTIF percentage varies by industry. White Paper – The 5 Best Practices for a Changing Retail Industry.
Logistics Management Group News Editor Jeff Berman recently spoke wirth Matt Pyatt, CEO and co-founder of Austin, Texas-based freight brokerage and transportation management services provider Arrive Logistics.
In mid-2015 his employer opened one of the first industry “Innovation Labs” – a loosely structured group with the single purpose to research and test early-stage supply chain innovations. The Expedited segment primarily provides truckload services to customers with high service freight and delivery standards.
Some carriers have announced blanked sailings in response to the congestion, but may also be adjusting capacity to the lower, post-peak season volumes. As long as Red Sea diversions continue to absorb capacity on an industry level, prices may not fall much further than seen back in April.
More Resources Home A Roadmap for the Future of Logistics The role of neutral booking and payment platforms in logistics Ian Arroyo June 3, 2024 The logistics industry has been undergoing a profound digital transformation, a journey articulated with striking clarity in Freightos’ latest white paper, “Global Freight’s Digital Transformation”.
From that initial success, he and his fellow founders created Lamp Post Group in 2010, a venture capital firm and tech-focused incubator in Chattanooga, Tennessee. In 2016 Ted co-founded Dynamo, an $18 million venture capital fund aimed at revolutionizing the logistics industry.
The Industrial Relations Board ordered operations to resume in Vancouver, Prince Rupert and Montreal, and sent operators and port worker unions to binding arbitration, with ports reopening late last week. Freight news travels faster than cargo Get industry-leading insights in your inbox. China – N. And at $4.00/kg,
With demand stable in those months though, carriers still had just enough capacity and equipment to keep the market balanced and rates elevated but level. Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Ocean peak season’s early arrival together with Red Sea diversions straining capacity and schedules continued to result in worsening congestion, equipment shortages and elevated prices this week.
This has buoyed optimism in the industry. The uptick in rejection now appears to be more of a limit of capacity in certain markets versus carriers hedging their bets on the open load board. Drip, Drip, Drip Speaking of that capacity, there is a reduction happening, albeit a slow drip. As shown in Figure 1.2,
Should these rate increases stick, the common driver supporting them would be the combination of increasing demand with the market’s overall capacity being fully employed due to Red Sea diversions – with Houthi attacks continuing this week – even as the global fleet continues to grow on new vessel deliveries.
2024 is 4th Year in a Row 3PL is Recognized with BIG Customer Service Award April 10, 2024 — Customer service is a 365-day a year duty, but today the Business Intelligence Group is shining an extra light on this critical component to any company’s success by announcing the winners of the BIG Excellence in Customer Service Awards.
Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – N. An increase in transhipment has caused intra-Asia and Asia/S.Asia – Middle East volumes to climb, with congestion and capacity shifts to other lanes also contributing to higher ocean rates on these lanes.
Taken together with reports that utilization levels are over 90% to the West Coast, though closer to 80% to the East Coast, spot rates still above contract levels and likely above break-even mean carriers – for now – are managing transpac capacity successfully. Freightos Air Index data show Asia – N. Europe rates of $3.70/kg
Many rented extra storage capacity and hired additional trucks and delivery drivers as goods leaving the warehouses came in wave after wave. Libiao’s 3D vertical sorter is a highly flexible solution – its capacity can be easily and quickly increased or decreased simply by adding or taking away robots.
With capacity already tight due to Red Sea diversions, rates last week climbed to $4,151/FEU to N. Europe, this demand increase while capacity is already scarce is pushing transpacific rates up sharply with West Coast prices up 33% from the April floor to $3,873/FEU last week and East Coast rates up 19% compared to April to $5,093/FEU.
In fact, Id argue this transition to what is increasingly being dubbed Service-as-Software has more profound implications for industries and workforces than anything thats come before. Service-as-Software is ushering in the era of the digital workforce in the supply chain industry in particular, its already begun.
With the sides still far apart, trade groups are urging the White House to get involved. With capacity already stretched thin by longer routes around Africa, additional delays and backlogs from an ILA strike, or, to a lesser extent, the looming Canadian rail strike possibly in July, would also put more or renewed pressure on ocean rates.
This is not only good news for restaurants and hotels, and other industries that rely on tourism, but that means money is being spent on clothing to go on vacation, meals while enjoying their time away from work, and souvenirs to remember the trip within our country versus being spent abroad. STAY UP TO DATE.
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