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Chuck is the CEO and Co-founder of High Definition Vehicle Insurance (HDVI) , where he leads an experienced team of insurance, technology, and trucking industry experts who deeply understand the challenges of today’s fleets. High Definition Vehicle Insurance, Inc. About Chuck Wallace. Chuck Wallace is the CEO and Co-founder of HDVI.
The peak season definition is a continued evolution of the seasons in transportation. Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. When and What Is Peak Season ? They’re usually broken into four seasons: Q1: The Quiet Season.
Often part of a more extensive supply chain management (SCM) system, a TMS helps companies stay compliant and log the proper documentation involved in the complicated processes of freight movement and fulfillment. Moreover, it streamlines shipment procedures intending to ensure timely deliveries of freight and materials.
In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?
The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources. Because data sources matter to assess accurately and objectively the over the road trucking market. . Download the White Paper.
As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” has changed to “ Is the data meaningful ?” If you are in search of meaningful data it is imperative to understand its building blocks or foundation. Where is the data coming from?
If they’re grabbing the freight in Laredo after a pickup in Mexico, then sure, that was really easy for them. There’s seven times more freight going from south to north than north to south. Mexico is definitely more challenging. [13:00] The whole reason we started was to service cross-border freight.
Cerasis is by legal definition a freight broker. Although our claim to fame is our web based TMS freight rating technology, the Cerasis Rater , which includes a technology suite of products and integrated managed transportation services , it is in our interest to understand the future of freight and how we as freight brokers fit in.
Today begins our series about electronic data interchange or EDI in transportation. In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry.
The Top 6 Stories in Freight. Data shows contract rates up 12% year over year. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. More trucks is definitely a step in the right direction. Need help moving freight across North America? Get the details here. FLS can help.
AMSTERDAM – July 21, 2021 – To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call datadefinitions. Pilot boarding place (PBP) arrival planning.
Road freight is also getting smarter, more efficient, more connected, and safer. Certain trends in the transportation and trucking industry are placing a focus on certain road freight technology. What are the key technology trends in road freight? What are the key technology trends in road freight? Automation .
Achieving end-to-end supply chain visibility has always been (and remains) a top priority for companies, but over the past few years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. How does freight visibility impact OTIF?
The digitization of freight is one topic that has generated a lot of industry buzz and animated discussion over the past couple of years, but also a lot of confusion and questions. What exactly is freight digitization? Defining the digitization of freight. Is Blockchain part of freight digitization? The value proposition.
Capacity Management for Freight Agencies? This feature shines a light on Parade’s capacity management for freight agents. Here’s Why Many Capacity Management Tools Don’t Serve Freight Agencies Not too long ago, capacity management simply didn’t work for freight agencies that provide logistics solutions to their agents.
Combine this with the fascination in industry for “big data” and you have a recipe for a specialised, cloud-based archiving language. This reduces freight costs of recycling projects, as well as, utilizing materials for reconstructive purposes or profitable recycling efforts. Infographics Technology cloud computing'
Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). The S&P 500 works because it taps into real, live data , with a representative sample selected by a committee of analysts along with the right methodology. The underlying premise dates back further, even for freight. A New Freight Index.
Blockchain Has Meaningful Impact on Finance as well as Freight Shipping: Heres the How and the Why What Even Is Blockchain? By definition blockchain is a decentralized digital ledger that records transactions across a peer-to-peer network. Walmart shows us that were moving towards transparent freight operations in other sectors too.
There are many terms in logistics to consider, such as last mile logistics and last mile delivery , but they end up sounding confusing because all freight has a last mile portion. Blockchain : A unique traceability service-ledger that builds immutable blocks of information and prevents all risk of tampering with data.
The best solution is avoiding freight damage, but how do you measure for it? Let’s start with a definition and some background. . First is the fact that excessive containment force can damage freight by crushing them. This requires periodic sampling, and a consistent system for tracking and logging the data. .
This essential resource dives into the current state of shipping rates, offering a detailed look at the trends shaping the freight industry. Powered by FreightWaves’ cutting-edge SONAR data, combined with BlueGrace Logistics’ operational know-how, this report delivers a well-rounded analysis of market dynamics.
Since 1956, the shipping container has changed global freight operations. Definitely worth a gander. By pairing up historical data with maps, an assistant history professor came up with some stunning maps that show the different in global shipping lanes since the 19th century. 10: 8 Crazy Freight Facts.
As it is with most problems there is a lack of a clear and concise definition, according to an MIT study which conducted a survey of the apparel industry only to find wildly different results. Another explanation for being slow to act is inaccurate data coming from upstream, assuming there is data to be had at all.
Supply chain visibility data tracked by project44 indicates that berthing delays are causing a huge build-up of export containers within port terminals and creating a big spike in container dwell times globally. . According to latest data from project44, export containers at the Port of Los Angeles took an average of 11.85
Nearshoring continues to go strong,” said Ben Enriquez, head of Mexico logistics and customs at Uber Freight. TQL data showed that trade going through the city is up about 8% from last year, now making it the busiest trade port in the U.S. But there’s definitely been an increase. with growth expected to continue.
Is The Freight Industry Ready For SOLAS? In the run up to the July 1, 2016 requirement that there must now be a verification of the gross mass of packed containers, Freightos research has determined that only one third (36%) of FCL freight quotes are still being saved with a weight. Reliable data flows may not be in place.
Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. The interface standards allow carriers, ports, terminals and other service providers involved in a port call to exchange event data in a uniform way, enabling automated data exchange.
That said, the path to supply chain visibility is filled with questions – from how to achieve it; what tools are required; to – most significantly – what insight is the business looking for; what data do you need and have available; and how to connect disconnected data sources and convert those into automatic action. from containers).
Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Lack of visibility and insight into common observable costs. . origin and destination pairings.
However, new software solutions that provide clean, accurate freightdata are a huge step forward in making the carrier RFP process more efficient and effective. The process typically starts with gathering data from their freight payment provider or system. It’s the definition of a “lose-lose” situation.
However, new software solutions that provide clean, accurate freightdata are a huge step forward in making the carrier RFP process more efficient and effective. The process typically starts with gathering data from their freight payment provider or system. It’s the definition of a “lose-lose” situation.
Transporeon, a leading Transportation Management Platform and a Trimble Company, announced today the launch of Freight Marketplace, a neutral (of equal benefit to both shippers and carriers) deal-making hub for freight procurement.
While this integration was a step forward in rate transparency, it didn’t address the complexities of flatbed freight, an important sector for both Trucker Tools and the industry. This was definitely a customer-driven request, and it’s something that we’re really excited about,” said Trucker Tools CEO Kary Jablonski.
Today, the definition of supply chain resiliency has been changed in ways that have caused ripple effects. Getting a better shipping experience is easy with an optimized supply chain and a robust freight brokerage setup. Creating the perfect supply chain can be a challenge, but freight managers can do some simple yet practical things.
The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player. Online freight booking. Open data standards.
Mutual customers of TAI Software and FreightWaves SONAR have an easier viewing of SONAR data. The new partnership brings SONAR data right into TAI’s transportation management system (TMS), eliminating the need to toggle between multiple applications. SONAR is definitely making a splash in the broker market.
Poor visibility in freight allocation is a leading reason shippers experience difficulty in managing freight, and this problem is evidence of a disconnect between the person managing freight and company stakeholders. Yesteryear, freight allocation was simpler. Download Here. New Series.
“Freight spend is up 15% year over year and it is eating into the bottom line! Supply chain management leaders, especially in transportation, are under heavy fire from CFOs for the dramatic increases in freight spend that are eroding the profitability of shippers in every industry. Combating Rising Freight Costs with a TMS.
Uber Freight released its first Facilities Insights Report on June 20th, based on truckers rating their experience with facilities that they use for loading and unloading freight. Uber Freight will provide this feature with hopefully the same advantages, but within a freight context. stars and 4.31
Recognize freight market conditions and current consumer expectations. When developing or reviewing your current small parcel strategy, freight market conditions and current customer expectations are key factors to consider. As you execute parcel freight, you want shipments to move efficiently while mitigating costs.
The rest of the year could be characterized by relatively low rates and volatility Like it or not, freight market volatility is here to stay. The loss of predictability The domestic freight market was relatively stable after the Great Recession, which trended right in line with economic growth.
And according to Brian Straight of FreightWaves , a routing guide is a living document that enables faster transportation management and keeps freight spend under control based on lane volatility, seen also within SONAR SCI Lane Acuity. What is a routing guide : a list of preferred carriers for tendering freight.
Having worked with machine learning technologies for over a decade, I can definitely say it is no joke. Parade is extremely fortunate to have developed our Customer Success best practices from experiences with some of the most innovative freight brokerages in the world.
Having worked with machine learning technologies for over a decade, I can definitely say it is no joke. Parade is extremely fortunate to have developed our Customer Success best practices from experiences with some of the most innovative freight brokerages in the world.
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