Fri.May 19, 2023

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LIFO Inventory Valuation Method

Ship Monk

How much is your inventory worth? This is an important question because it determines your company’s tax liability and affects its overall financial picture at the end of the year. There are several different methods, or cost flow assumptions, that can be used to value your assets at the end of the year, as well as determine cost of goods sold (COGS) during the year.

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Elevating Transportation Sales and Marketing with Jennifer Karpus-Romain

The Logistics of Logistics

Jennifer Karpus-Romain and Joe Lynch discuss elevating transportation sales and marketing. Jennifer is the Executive Director of the Transportation Marketing and Sales Association (TMSA) , an association that enables sales and marketing professionals to learn and give back to the transportation and logistics industry through education, connections and resources for close to a century.

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Above the Fold: Supply Chain Logistics News (May 19, 2023)

Talking Logistics

As you read this, I’ll be on a 6-hour drive back home, after driving 6 hours yesterday to pick up my oldest son from college. I also spent a busy two days at SAP Sapphire earlier this week (stay tuned for my takeaways). Needless to say, I’ve logged a lot of steps and miles the. Read more The post Above the Fold: Supply Chain Logistics News (May 19, 2023) appeared first on Talking Logistics with Adrian Gonzalez.

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Cummins’ Accelera Unit Kicking Off Hydrogen Electrolyzer Manufacturing

NGT News

Accelera by Cummins, the zero-emissions business segment of Cummins Inc., has initiated operations for electrolyzer production in Fridley, Minn. – its first electrolyzer production site in the U.S. “Large-scale electrolysis to produce green hydrogen is a key piece in the decarbonization of transportation and industry,” says Amy Davis, president of Accelera.

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Artificial Intelligence and the Transportation Industry

Artificial intelligence has quickly become a feature of everyday life: Using face ID to unlock a phone, communicating with online chatbots, and letting “smart” appliances help manage our homes are just a few of the ways that we interact with AI regularly. Forward-looking businesses are also using AI to transform their operations and gain a competitive edge.

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FMC fines ONE and Wan Hai Lines $2.65mn

Supply Chain Brain

Ocean Network Express and Wan Hai Lines were fined for unwarranted container detention charges by the FMC.

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Interview: Bulk Liquid Carrier Talks Tank Wash Finder and State of Industry

Bulk Connection

In the Bulk Connection blog, we routinely interview individuals that help keep the bulk shipping industry in motion. In this latest article, we interview liquid bulk carrier and Bulk Connection carrier partner, Jim Jones, General Manager of Jeff Foster Trucking , about a variety of bulk transport topics, including the role that the Bulk Connection Tank Wash Finder plays in his daily operations.

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Port of Los Angeles Shipping Volumes Fell 22% Year-on-Year

Supply Chain Brain

Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.

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The Top Job Skills For Working In Logistics

Logistics at MPEPS at UPV

From adecco UK’s website, I find some interesting skils they talk about in logistics industry. My previous work has a close relation with logistics department. My job is to ask the assuming shipping cost and time for pre-orders, provide key information including order package info, receiver’s info etc for them to arrange the shipping and ask the feedback from shipping company.

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Rocky Mount logistics boosted by direct rail access from the Port of Wilmington

Kanban Logistics

The burgeoning manufacturing and logistics hub of Rocky Mount, NC has received another rail-related boost. The new Wilmington-Rocky Mount Express is a new rail line that now connects the Port of Wilmington (North Carolina) with the CSX Connector in Rocky Mount. About the Wilmington-Rocky Mount Express The Express is a 140-mile rail line that extends from the Port of Wilmington to the CSX Connector terminal in Rocky Mount.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Benefits of Using Multiple Delivery Route Planner Software for Your Delivery Business

Loginext

This article provides an overview of the benefits of using multiple delivery route planner software. It explains how it helps businesses to optimize delivery and how it helps reduce fuel consumption. The post Benefits of Using Multiple Delivery Route Planner Software for Your Delivery Business appeared first on loginextsolutions.com.

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Supply Chain Experts Say Costs are Falling

Logistics Business Magazine

Long-awaited price deflation is now happening, says international procurement and supply chain management consultancy INVERTO, part of Boston Consulting Group. Sushank Agarwal, Managing Director at INVERTO, says that businesses must now renegotiate with their suppliers to bring prices down – or lose out to their competitors as price competition heats up: “The coming months are going to see significant price competition as costs come down, especially in certain commodities.

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This Week in Logistics News (May 13 – 19)

Logistics Viewpoints

I have written about drones a lot here in the past, and all the practical (and often times impractical) applications they have been used for. I saw an interesting story earlier this week about how a police department in a small Maryland city is using drones in its effort to thwart illegal dirt bike riding within city limits. Police in Hagerstown are deploying a surprisingly large fleet of low-cost drones and training more than 20 percent of the department’s officers on how to fly them.

GEP 125
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The quality-of-life benefits of movement: Introducing Hope Zvara

Overdrive Online

Is it possible to get through the Roadcheck inspection blitz without passing a single open scale? Flatbed independent Mike "Mustang" Crawford points the way. Long Haul Paul's talk with Zvara details the quality-of-life benefits of basic movement.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.