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Anne Reinke and Joe Lynch discuss the state of freight. As a collective voice for freight brokers, 3PLs, and other intermediaries, TIA plays a pivotal role in shaping industry policies and promoting best practices. Features 21 showcase presentations with innovations that will advance the industry. The Greenscreens.ai
Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform.
The “Freight Transportation Forecast: 2020 to 2031,” was released this week by the American Trucking Associations (ATA) and conducted by IHS Markit. This publication is described by the ATA as an annual projection of the state of the freight economy.
Last week, I gave the keynote presentation at the Dangerous Goods Symposium , sponsored by LabelMaster and the DG Exchange. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint. The second of the transportation trends is innovation in TMS.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. Present-day, Blythe and her team oversee the management of dozens of websites to help the one-person marketing team flourish.
Key Takeaways: Understand the Complexity of Cross-Border Shipping: Discover the complexities of cross-border freight, which spans multiple stages and demands expertise in each country’s processes to ensure seamless operations. Mexico trade is presenting both opportunities and challenges in infrastructure and capacity.
Tucker kicked off his presentation by describing market conditions as “red hot right now,” for various reasons. One reason has to do with more freight moving in 2021 compared to the same period a year ago, as the market is roughly 12 months into a pretty significant increase in freight activity and a resulting capacity crisis.
So, going into 2025, I would like to focus on current congestion data, global trends and what U.S. increase), as shippers front-loaded freight and amid trade uncertainty. Not to base your cost on the lowest ocean freight but to a median freight based on 2-3 different ocean carriers. September being the highest with %14.4
What typically happens when freight's good? It's not possible now, noted presenters in this Overdrive/ATBS seminar, held at MATS. Sit in on the presentation in full via video here. Fleets flood the market with new equipment, driving rates down.
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. LTL shipping rates would historically depend on freight class and the cost per hundredweight . Download the White Paper.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Freight consolidation (commonly referred to as retail consolidation, or simply consolidation) is not a new concept. Those are the founding principles behind SONAR SCI Lane Acuity.
And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available top freight podcasts. On LinkedIn , I asked my network what they thought were the top freight podcasts in the industry. Join FreightWaves’ hosts Dooner and The Dude twice a week as they discuss all things 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.
Later, this trend followed into Europe, next to North America and then South America. This was a real stress test for all importers/exporters’ supply chains, and its main providers – ocean carriers, freight forwarders, truckers, and warehouses. Freight rates from Asia to the U.S. Service levels from carriers had tumbled.
However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Avoid destinations with a lower likelihood of an empty backhaul One significant aspect of freight management to consider is the risk of empty backhauls. Download the White Paper.
Not surprisingly, some of the trucking trends that move drivers forward will also be those that present new challenges and opportunities for such a vital industry as commercial driving. 2017 Trucking Trends. Whether you’re shipping freight or consumer packages, the automated future is dawning now!
Running defined lanes within a restricted area, the yard trucks present an easy use case for moving freight from point A to point B autonomously. The post Transportation Trends: First Autonomous Spotters, Then Autonomous Trucks. ZF revealed autonomous Terminal Yard Tractor to the world last year.
As a freight broker , you know the importance of staying ahead of trends in your business. 2014 was a dynamic year for shipping and freight, and 2015 might present us with some surprising changes as well. One month in, here are our predictions for freight brokers in 2015: Manufacturing Comes Home.
Robinson , highlights 8 trends that will have an effect on the truckload market this year. But there are several trendspresenting themselves that will help us redefine what “normal” means for truckload in 2018 and 2019. Below, we explore 8 trends that will have an effect on the truckload market in 2018. Read More at C.H.
The most recent edition of the DAT Truckload Volume Index, which was recently issued by Portland, Oregon-based freight marketplace platform and information provider DAT presented a bit of a mixed bag for spot truckload volumes and rates, with reefer and dry van volumes and rates up for the first three weeks and the final week of the month less than (..)
Indeed, the transition has taken place so swiftly that some companies may still need to fully grasp the present or future possibilities to exploit distribution performance as a competitive advantage. Meanwhile, in the case of commercial freight, customers might unload their goods much as they do in today’s warehouse receiving operations.
Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity. But this is 2020. It’s that simple.
These and other factors drove up freight rates and created capacity crunches that flowed right into 2022. Right now, the US is experiencing a shortage of more than 80,000 truck drivers, according to the American Trucking Associations, which estimates that about 72% of the nation’s freight transport moves by trucks. High Demand.
Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. The shipper booked the cargo using a Freight Forwarder who issued the shipper with Original House Bills which were deposited with the finance company as security by the shipper.
2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port congestions along with the usual documentation and visibility issues that we have been facing for years. Take the survey.
Editor's Note: This is a guest blog from our friends at Bryant Surety Bonds where they discuss the current, potentially fragile state of the freight broker industry. Is the Freight Broker Industry in Decline? Does the fact that more freight brokers leave during these three months signal that the freight broker industry is declining?
Q3 2023 Shipper Rate Report Q3 2023 Shipper Rate Report The Shipper Rate Report —presented in partnership with U.S. Bank and BlueGrace Logistics —is a quarterly publication using freight payment data from U.S. Capacity has left the market due to the lack of spot freight over the past 12 months.
In 2018, tender reject rates have reached as high as 25% in late July, and although they’ve fallen to nearly 14% more recently, that’s still a significant volume of freight moved via the spot market. Unsurprisingly, carriers are feasting on their advantage in this atmosphere. Consider the potential savings.
Explore the world of freight in the heart of Europe. WOF EXPO allows you to be either exhibitor and present your company in the best possible way and create unique brand awareness or come as a visitor and participate in many presentations. The post World of Freight Expo appeared first on Logistics Business® Magazine.
Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper.
True transportation cost analysis goes well beyond benchmarking to analyze, monitor and forecast trends that can be used to the shipper’s advantage. A trend that continues among shippers nationwide is better monitoring and utilization of analysis within the supply chain. origin and destination pairings.
Brokerage leaders are turning to this strategy for their freight business. Many small and medium-sized brokerages find themselves entering the freight brokerage market with a specialized niche. While it is possible to continue revenue growth, you work extremely hard during down periods in your freight business just to remain stable.
I gave a keynote presentation on emerging technologies (drones, driverless trucks, 3D printing, blockchain, etc.) Research Analyst at Baird, gave a comprehensive of overview of global economic trends. 20, compared with three in the same week last year, according to online freight marketplace DAT Solutions LLC.
Of all the various freight broker sales tips, setting the hook is essential for getting and keeping a prospect’s attention. . Or it could be a conference presentation or webinar your prospect just delivered. . 7 freight broker sales tips for building the hook. #1: 7 freight broker sales tips for building the hook. #1:
A look at the supply chain trends and technology that will come into play in 2018. While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. The Uberization of Freight. Investing in Innovation.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Top Five Transportation Trends ; Chris Cunnane. Last week, I gave the keynote presentation at the Dangerous Goods Symposium, sponsored by LabelMaster and the DG Exchange. Steve Banker and Chris Cunnane.
The very high freight rate level presently is sustained by severe bottleneck effects, and the problematic issue is that the ripple effects from the Suez incident will further postpone the ability to re-balance container flows as well as handle port congestion.
In 1973, the ATA introduced the Truck Tonnage Index, a monthly estimation of the total weight of freight transported by truck in the United States. The anonymity of the survey and companies participating prevents us from understanding the percentage of tonnage each company accounts for or the type of freight being shipped.
At the same time, exciting new trends dictate a future that promises to be more streamlined, efficient, and customer-centric than ever before. Let’s take a closer look at the newest trends in last mile delivery. What Drives Trends in Last Mile Delivery? The Newest Trends in Final Mile Delivery. Customer Expectation.
Successful freight brokerages recognize that digital transformation continues to upend the industry. And disruption continues to evolve and present new challenges, including a misplaced perception that digital technology will threaten such companies’ success. However, that is not all bad. Capacity is finite.
same-day delivery, logistics, courier services, freight) Your mission statement Business objectives and key milestones A snapshot of the market opportunity and how your service fills a need Remember, the goal is to capture attention and make it clear as to why your business will succeed. B2B, last-mile, freight)? through 2027.
Here i want to underline social trends and coming transformational changes in the logistics marketplace. Society’s shift from ownership to sharing goods, assets and services through digital platforms has been one of the most revolutionary trends of recent years. And they continue to change. Logistics Marketplaces.
With the Book-It-Now feature, drivers are presented with available BlueGrace loads and pricing to accept and confirm with a single click. Truckstop.com’s market data also shows that spot rates have gone up an average of 20%, year-over-year, for all freight sectors. Commercial Carrier Journal. Aaron Huff, CCJ senior editor. Sep 1, 2021.
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