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Ed is Co-founder & CEO at Newtrul , a technology company helping increase efficiencies in the truckingindustry with a digital freight-aggregation platform. Ed Stockman is the Co-founder & CEO at Newtrul, a technology company helping increase efficiencies in the truckingindustry with a digital freight-aggregation platform.
Connectiv is a live events studio that for the past decade has dedicated itself to creating industry leading gatherings. The events we have created attract more than 15,000 people each year and touch on global industries impacting people’s daily lives. POD trucks that are EV and AV. Ludacris was at Manifest.
Velostics’ quick implementation process and yard management solution are also highlighted, along with the importance of reducing turn times and improving handoffs in the industry. Velostics has a proven track record of minimizing manual tasks, errors, delays and demurrage, and increasing operational efficiency and throughput.
His breakthrough came in 2008 with the launch of the Apple AppStore, prompting him to focus on ChaiOne, which created digital solutions based on behavioral science, where he uses data-driven insights to revolutionize the industrial sectors.
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 truckingindustry. Effective truck fleet management is vital for successful daily carrier operations.
When it comes to planning RFPs and figuring out which carrier partnerships to pursue, shipping managers need to be aware of the various trucking carriers with availability. The value of diverse trucking carriers. Each provider offers unique services, coverages and perks depending on the trucking contract and carrier type.
Asset-based trucking leads to several inevitable challenges. These asset-based trucking challenges appear in many various forms and can lead to major expenses, which may cripple and impair any business. Pricing alignment makes for one of the more complicated challenges for asset-based trucking. Pricing alignment.
Benchmarking standards within trucking fleets are continuously changing. While the industry moves toward more cohesive programs to track performance, including profitability per load, the need to boost benchmarking through freight KPIs is absolute. So, it’s important to know the top three benefits of trucking fleet benchmarking.
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.
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). Driver Turnover (%) (DRVTO).
Our goal is to make payments faster and simpler for the logistics industry. I had been advising a company in Atlanta that was focused on helping warehouses invoice and accept payments from truck drivers. Using paper can hurt your company’s perception because the industry is undergoing a technology makeover. RoadSync: [link].
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. It is considerably more important to find talent quickly to fill the ever-growing needs of the freight and shipping industry. The truck driver shortage and its relationship to the capacity crunch.
Connectiv is a live events studio that for the past decade has dedicated itself to creating industry leading gatherings. The events we have created attract more than 15,000 people each year and touch on global industries impacting people’s daily lives. POD trucks that are EV and AV. Ludacris was at Manifest.
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. Download the White Paper.
(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. And knowing what’s happening to market volatility and trucking carriers across the country is critical to maximizing carrier revenue and margins. Request a SONAR Demo.
And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry. That’s the onus of electronic freight tender trucking data when compared to lagging submitted data that may take 7 to 14 days to come in. Download the White Paper.
Operational trucking charges and costs are nothing new. They derive from a confluence of factors, including truckindustry volatility. To that end, here are the top steps for carriers to get more from their fleets and proactively manage operational trucking costs. But how can a trucking company achieve this goal?
And there remain significant problems within the industry. Trucking capacity is tight, and deadheading is the precursor of even stricter capacity. One of the biggest challenges facing the industry right now is deadheading. The problem of deadheading in trucking. Think about it. And it’s essential to understand why. .
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.
Mapping the trucking market assists freight market participants with a flurry of benefits. Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data.
The digital age has presented a wealth of opportunities for the over the road trucking market. As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. But what is the solution to lagging data?
but it is a common result of demand exceeding supply in just about any industry. And the effects are becoming evident as trucking compliance with applicable routing guide requirements deteriorate. 18, implying a direct return to losses in routing guide trucking compliance. Request a demo by clicking the buttons below.
FreightWaves’ Todd Maiden said it best in early December: “Several analysts have published transportation outlook reports for 2021 that are calling for continued strength in the trucking markets. Request a SONAR Demo. Pricing uncertainty in the first half of 2021. Fill out the Form Below to Access a COPY of the White Paper.
(Graphics created by Emily Ricks) There are many attributes to consider when considering a truck freight rate. This is particularly important to weigh because of the impacts that freight rates have on the entire industry. And these fluctuations within the trucking market range from market volatility to the lack of real-time data.
Transportation analytics is among the most effective tools in trucking contract negotiations. As explained by Logistics Management , “ it has become an increasing challenge for the logistics industry to stay on top of new advances in business processes. Trucking contracts are not necessarily built for disruption.
Tracking the top key performance indicators for shipping industry success, or supply chain KPIs , means boiling them down the essence of these 10. And by looking at the markets with the highest rates, indicated by the share of the treemap and color intensity, it’s possible to prioritize truck schedules better. Wait times.
And ultimately, eliminating the need for excess trucks on the road helps the carrier costs overall and allows for available resource management. Optimizing the routes for trucks will remove some of those additional and time-consuming stops. Emissions are still released if a truck sits without moving.
The truckingindustry moves more than 70% of America’s freight, and gross freight revenues from trucking exceeded $726.4 So, let’s take a closer look at how a blockchain trucking platform will enhance efficiency and profitability for truck drivers. billion in 2015, reports TechCrunch.
Whether your shipments are going by truck, rail, airplane, or ship, you can expect fuel prices to affect your bottom line. When gas prices rise, the per-mile cost of operating trucks goes up. In 2021, per-mile trucking costs reached a record high. Purchasing new trucks is an investment, but it can pay off in the long run.
Containers moving seamlessly from ship to port to truck to warehouse. That was until Malcom McLean had an idea while he was waiting for his truck to be unloaded at the docks. Malcom McLean was in the trucking business. He had a small fleet of trucks and carried loads of tobacco and cotton to the docks for his customers.
Truckload rates have a significant impact on the industry, whether intermodal or single-lane shipping modes get utilized. The transportation of freight not needing the entire space of a truck is LTL freight. Trucking rates vary depending on the type of freight, load size and destination. This is why it is known as a TL shipment.
Freight and trucking data 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. Why lagging data contributes to limited insight into trucking rates. Think about it.
Since the industry is heading towards near-full automation and digital transformation , automated freight quotes will naturally lend themselves to improved back-office management. It is important to remember the most common issues and delays that trucking operations face will happen across the entire fleet. Request a SONAR Demo.
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.
Let’s juxtapose that against trucking fuel efficiency rates of around 10-20% of that amount. That effectively means rail is up to 10X more efficient than sending a shipment by truck. When capacity is ample among trucking carriers. Request a SONAR Demo. Request a SONAR SCI Demo. Shorter hauls.
And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . There are many ways for shippers to take advantage of technology and advancements within the industry, but three key methods are essential for utilizing trucking data to source capacity.
Companies in the over-the-road truckingindustry constantly strive to boost efficiency. With so many factors to consider, businesses in this industry may find it challenging to narrow down exactly where they should focus their time and money. This can greatly assist with capacity issues in the over-the-road trucking market.
The song was built using a demo track from John Lennon dating back to the 1970s and a guitar track from George Harrison from 1995. The song was supposed to come out back in 1995 as part of The Beatles Anthology, along with Free as a Bird and Real Love , two other tracks culled from 1970s Lennon demos.
As the industry settles following the biggest peak season in history, now is the time when shippers will start rethinking their annual contracts. And now is also the time when carriers typically start thinking about what new rates to ask for in trucking RFP bids or when working with more freight brokerages.
Among the shipper of choice tips, offering reliable delivery windows with accurate and on-time truck arrival, communications, and proper documentation will significantly strengthen that reputation. The best examples of shippers of choice provide services along several trucking routes. Give trucking carriers various shipping modes.
Less-than-truckload shipping, also known as LTL shipping, is nothing new within the transportation and shipping industry, but it has become more of a game-changer in recent years with freight rate prediction. Every inch of space available in delivery vans, trucks, semis and cargo crates is valuable. Request a SONAR Demo.
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. Now, the industry is changing yet again. Quite simply, freight rating challenges are not a problem limited to trucking carriers.
But again, there are factors that disrupt this otherwise standard trucking RFP process. Unfortunately, disruption and market volatility – sudden changes within the industry – will often have a dramatic effect on the spot market. Freight management remains an industry in which balance reigns supreme. trucking market.
Few areas of the economy carry more confusion or misconception than the for-hire truckingindustry. The for-hire industry comprises independent contractors, owner-operators, small brokerages, subregional carriers and more. Capacity concerns will remain a leader in for-hire trucking trends. Download the White Paper.
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