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
Many global multinationals accelerated their investments in digitizing data during the pandemic. According to Colin Masson, a director of research at ARC Advisory Group, the opportunity to mine these vast quantities of data to achieve business value is “NOW.” Mr. Masson leads ARC’s research on industrial AI and data fabrics.
Their flagship course, Understand LTL: Building an LTL Brain , was released in November 2022 and is designed to make LTL less frustrating and intimidating. The course is unique in that it uses humor, visual appreciation, deep thinking, and lightbulb moments to help students learn about LTL. The Greenscreens.ai
CTL offers a range of educational programs, including a master’s program in supply chain management, executive education courses, and online courses, all of which focus on preparing students for careers in the transportation and logistics industry.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Peter is Vice President in the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. About Peter Tirschwell.
Tim Higham and Joe Lynch discuss the free TMS, which is of course AscendTMS. About AscendTMS AscendTMS is a transportation management system (TMS) used by freight brokers, 3PLs, trucking companies, and shippers to manage their entire business operations. You can be confident that your data is safe and secure when using AscendTMS.
Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. The problem of deadheading in trucking. And there remain significant problems within the industry. Think about it.
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. 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.
Knowing about her blogging side hustle, the executive team allowed her to take on the additional responsibility of the company’s digital marketing initiatives where over the course of 5 years, orchestrated two website redesigns, implemented an inbound marketing initiative, and established a sales outreach plan. 00:36:05] Starting a Podcast.
Truck fleet management has always been intensely focused on knowledge of the freight market. 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. Streamline data capture and analysis. Supply chains exist as data-driven entities.
Until now, the bulk of big data has come from social, machine and transactional data sources. The broader rollout of 5G will increase the capacity of the network and further enable the proliferation of video data. Additionally, the data garnered from AI-assisted monitoring can help to identify habits to improve driver behavior.
Are you using your trucking assets as efficiently as possible? The needs to improve fleet asset utilization and to maintain better control over trucking costs are absolute. And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Have you taken any steps to increase capacity utilization?
Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. True, they may know how to roll out big data in a single warehouse, or they may have heard their competitors used branded systems for implementing this new technology.
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.
Freight and truckingdata 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. And it’s important to know why tendered, non-paid data can add so much weight.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.
Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. Throughout the supply chain, data-driven transportation management’s success is only as good as the data quality and integrity in use.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Of course, it all depends on the ability to stay strategic. .
How do truck drivers eat healthy while over the road? Truck drivers can have jam-packed schedules with little time to think about their food choices. While truck stops and fast food joints are often full of food loaded with sugar, sodium, or to-go greasy food. TABLE OF CONTENTS. Skip ahead to the sections you want to read most!
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. Recruiting truck drivers is not only the top challenge for carriers, but it will always remain one of the highest priorities. The truck driver shortage and its relationship to the capacity crunch.
Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Rate transparency that empowers the shipper to know exactly what they are paying for.
Of course, some of the industry leaders like Loadsmart are delivering these innovations today. Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. Rate transparency that empowers the shipper to know exactly what they are paying for.
Now imagine doing that with a whole fleet of trucks, each one needing to make 20 or 30 deliveries in a day – that’s essentially what route optimisation is. If youre choosing route planning software that integrates with vehicle tracking, you shouldnt let the valuable data go to waste.
Transportation analytics is among the most effective tools in trucking contract negotiations. Using real-time data , freight managers can finally begin to recognize their opportunities for better business relationships. A common problem in the process of annual trucking contracts derives from limited network contracts.
The most high-tech things it could do were make phone calls and send text messages, all hand-crafted in T9 of course. Fast forward fifteen years and now my cellphone also doubles as my HD camera, portable music device, library, fitness tracker, and of course, my means to call and text.
But dedicated managers have found a solution to help improve this part of delivery: data. Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Benefits of Data for Last-Mile Delivery.
Forklift telematics systems deliver the vital statistics data that every warehouse or distribution centre manager needs to get the most from their materials handling equipment budget. Are drivers operating the trucks safely? For example, how busy are they during their working day?
Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. That’s 258 operational facilities in the US and another 486 distributed around the world (see map below, data from MWPVL ). Let’s Talk About Boats, Ships, and Trucks. Amazon Fulfillment. billion to $21.7
From the last half of 2017 through today and beyond, a slew of market forces, some predictable and some unexpected, have combined to create a very real truck capacity shortage in the United States. The past, present and future market forces causing today’s extreme truck capacity shortage include: Strong Economy. Holiday Season.
Every shipping mode and method can benefit from access to accurate, real-time freight data. For instance, consider these top uses of data and calculators within existing systems: Trucking metrics can benefit from clear data highlighting key areas of profit and loss within the fleet. Download the White Paper.
Use Real-Time Data to Inform Your Returns Management Strategy. The ability to collect data is meaningless without the ability to analyze the data to inform data-driven business decisions. However, not all supply chains have the capacity or resources to aggregate the massive stores of data available.
An intimate relationship exists between truckload providers and ocean import market data. operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks). The national economy depends on trucks to deliver nearly 70% of all freight transported in the U.S. That one is the simplest of all.
This achievement underscores how L3 and L2+ autonomous heavy-duty trucks have been successfully deployed across the line-haul logistics sector, including express delivery, less-than-truckload (LTL) transportation, as well as contract logistics. This also reflects the significant value that autonomous trucks offer logistics operators.
Of course, there is the migration from retail to ecommerce. [17:29] 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]
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.
Unfortunately, interpreting the data received is never straightforward. Erratic behavior in said data can lead to inaccuracies and confusion for carriers if the activity fails to conform to set standards. Even worse, data that isn’t monitored amounts to lost opportunities for improved efficiency.
Those who think trucks, trains, ships and planes define the 3PL market may be in for a surprise. It is tempting to immediately map these ideas onto physical warehousing, kitting and localisation services, truck fleets, railroad wagons, and the like, with their armies of operators, drivers and maintenance staff.
Here’s what’s happening this week: Wild rate swings and record-setting rates have led to shipper bid fatigue North America Class 8 truck orders up 146% year over year. Data shows contract rates up 12% year over year. STAT OF THE WEEK: North America Class 8 truck orders were up 146% year over year in January.
The tour management application allows the retrieval of ETA (Estimated Time of Arrival) predictions as well as movement and disruption data from any computer. The OnTime Navigator data thus enables the people involved to better react to unexpected developments in the transport process in the wake of the corona crisis.
Of course, you can never be covered for everything, but a little bit of proactive management will go a long way. For instance, GPS data helps you keep track of trucks and alert you when things go wrong. A comprehensive safety policy is crucial for any trucking company. Make an All-Encompassing Driver Safety Policy.
Commercial trucks do take a heavier toll on our highways than lighter vehicles. The heavier the truck, the more damage it does to our roads, which is why a scaled tax structure based on a truck’s configuration and weight. billion if imposed on all commercial trucks. But it’s a small piece of a massive puzzle. The Battle.
And the trucking trends will reflect both the hope for a return of normalcy and the reality of some new, permanent shifts in the industry. With that in mind, it’s important to realize that carriers can use the top 10 trucking trends to find a long-term value-prop coming out of the most in-demand periods for carriers in history.
Ever since the Covid-19 pandemic started, truck drivers have become more distract ed. Besides having open roads, data pulled from companies like Truce Software find that phone use is rising. No matter what the road conditions are like, every truck driver has the responsibility to keep themselves and others safe. Empty Roads.
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