Fri.Nov 06, 2020

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How Drones Will Affect the Logistics Industry in the Next 5 Years

Cyzerg

Are drones the future of freight technology? Companies like Amazon and Matternet seem to think so. It’s an interesting time to analyze the potential influence of drones on the future of the logistics industry. Skepticism about the feasibility and legality of incorporating drones in logistics business models is common and understandable. However, logistics industry leaders like Amazon and DHL are already experimenting with this emerging technology—so it’s a great time for logistics business owner

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AAR reports declining October U.S. rail carloads record intermodal volumes

Logistics Management

Rail carloads—at 912,772—fell 6.6%, or 64,634 carloads—annually. Intermodal containers and trailers—at 1,169,874—increased 10%, or 105,966 units, annually on route to the highest-volume intermodal month on record.

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How Edge Logistics uses FreightWaves SONAR as the Backbone for Growth

FreightWaves SONAR

View the Full Case Study. “Edge Logistics is all about data, so we use everything we can find. My career has been very IT-centric. That’s how I learned to be a broker, and that was how we got started back in 2010/2011. And using technology is the way that we built the company. In addition to our own proprietary technology, we use anything and everything in the market that will help us do our jobs better.

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CARB heedlessly running internal combustion off the road

Commercial Carrier Journal

In the fight to lower greenhouse gases, there are other alternatives available to fleets than simply going electric. The post CARB heedlessly running internal combustion off the road first appeared on Commercial Carrier Journal.

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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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U.S. industrial real estate shines during Q3, reports JLL

Logistics Management

The report noted that third quarter industrial leasing came in at 114 million square feet and was paced by e-commerce (15.3 million square feet), logistics & distribution (14.3 million square feet), and 3PLs (7.1 million square feet), as well as traditional retailers (7.1 million square feet), construction materials & building fixtures (9.9 million square feet); manufacturing (2.1 million square feet); and food ands beverage (6.1 million square feet).

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XPO delivers strong third quarter earnings results

Logistics Management

Revenue—at $4.22 billion—was up 1.7%, and net income attributable to common shareholders—at $21 million—fell 51.2%. Operating income—at $223 million—was down 2.7%. Diluted earnings per share came in at $0.83 compared to $1.14 a year ago, and adjusted quarterly EBITDA—at 439 million—was up less than 1% and was the best third quarter EBITDA in its history, coming in ahead of Wall Street expectations by $87 million, or 25%.

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Hino Trucks Awards Purchase Order to Hexagon Purus

NGT News

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a purchase order by Hino Trucks, a Toyota Group company, for three trucks as part of their development plan for Project Z. A development partner in Hino’s Project Z Battery-Electric Vehicle (BEV) program, Hexagon Purus will provide battery packs and powertrain integration on multiple Hino […].

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Flexible Warehousing: A Shortcut to Direct-to-Consumer E-Commerce

Supply Chain Brain

Once COVID-19 is behind us, will traditional business-to-business retail stage a comeback, or is direct-to-consumer e-commerce the new normal? For an uncertain future, one strategy gaining ground is the “warehouse-in-a-warehouse.

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Kenworth, Peterbilt Zero-Emissions Trucks Summit Pikes Peak

NGT News

PACCAR says a Kenworth T680 fuel cell electric vehicle (FCEV) and a battery-electric Peterbilt Model 579EV became the first Class 8 zero-emissions vehicles to drive to the 14,115-foot summit of Pikes Peak in Colorado. Both vehicles navigated the 156 twisting turns and switchbacks during the 4,700-foot elevation gain to the summit. The trucks negotiated grades […].

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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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Five Ways to Build the Continuous Supply Chain

Supply Chain Brain

Given the highly disruptive events of early 2020, many global organizations are seeking ways to harness change. Indeed, industry analysts say leading retailers and brands must now re-imagine their business models in order to survive.

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Where’s the ‘sweet spot’ size for small fleets? And other insights into owner-op growth

Overdrive Online

The answer to the question depends on many factors. Hear several answers, though, from three small fleet owner-ops in this Overdrive Radio podcast, with insights on delegating, liability insurance, retaining the best drivers, and more. The post Where's the 'sweet spot' size for small fleets? And other insights into owner-op growth first appeared on Overdrive.

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Top 5 Five Challenges for Importers in Ensuring Compliance

Supply Chain Brain

The COVID-19 pandemic has brought to light the importance to global trade of business processes that have received little attention in the past. A prime example is import regulatory compliance.

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What the Freight Industry Might Learn from COVID-19

Blue Grace Logistics

When the pandemic began to spread, the world was simply not prepared. Businesses and governments had to scramble to move an unprecedented volume of critical supplies around the world faster than we’ve ever thought possible. Lockdowns caused a massive surge in e-commerce, leaving small and large businesses alike struggling to keep pace with the demands.

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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.

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Driving Warehouse Operational Excellence: Meeting the E-Commerce Challenge

Supply Chain Brain

If your warehouse operations weren’t e-commerce ready before, chances are you’re scrambling to make sure they are now. The COVID-19 pandemic has given a huge boost to the already rising rates of e-commerce sales, which reached $3.53 trillion worldwide in 2019, according to Statista. Whatever turns out to be the medium-term course of the virus, it seems consumer habits will have been permanently changed by life during lockdown.

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Nicaragua: ‘It’s scary to listen to the sounds of nature’

World Food Programme Logistics

WFP teams assist hard-hit indigenous communities as Hurricane Eta courses across the Caribbean People salvage wooden beams to rebuild destroyed structures. Photo: WFP/Photolibrary By Sabrina Quezada Ardila The World Food Programme (WFP) is working with local authorities to respond to the damage caused by Hurricane Eta which battered Nicaragua on Tuesday.

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Photos: Patriotic graphics from fleets around the country

247 Customs Broker

The trucking industry is full of military veterans and patriotic citizens that put their pride in the military on full display through graphics on their… The post Photos: Patriotic graphics from fleets around the country appeared first on 24/7 Customs Broker News.

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EU Funding Granted to Develop a New Assistance System

Logistics Business Magazine

ELOKON GmbH, the supplier of safety and assistance systems for the intralogistics sector, is developing a new assistance system to enable multiple VNA forklifts to operate simultaneously in the same narrow aisle. This is based on the use of artificial intelligence (AI) and wireless mesh networks. ELOKON’s digital co-pilot AngELO will enable forklifts working in visibility-limited high bay racking to be networked with other vehicles and the surrounding infrastucture by means of data technology.

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How to Conduct Workplace Incident Investigations to Create Safer Workplaces

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents. It also highlights the significance of CSA Z1005 as a risk management standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.

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Fine Arts Logistics Market Next Big Thing

247 Customs Broker

Fine Arts Logistics Market Global Fine Arts Logistics Market Size, Status and Forecast 2019-2025 is latest research study released by HTF MI evaluating the market,… The post Fine Arts Logistics Market Next Big Thing appeared first on 24/7 Customs Broker News.

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Podcast | Are There Positive Signs of Economic Recovery?

Supply Chain Brain

The coronavirus pandemic has plunged the U.S. and global economies into dire straits.

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Government urges all businesses to appoint a freight forwarder post-Brexit

247 Customs Broker

The government is urging all businesses to appoint a freight forwarder to handle post-Brexit customs decelerations for imports and exports. The recommendation comes in the form… The post Government urges all businesses to appoint a freight forwarder post-Brexit appeared first on 24/7 Customs Broker News.

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Inventory Carrying Costs & How They Impact Profitability

EazyStock

Maintaining cost-effective inventory levels is critical for any manufacturer, wholesaler, supplier or retailer. But just how much inventory is the right amount to hold? How can you ensure you have enough to cover fluctuating demand without over-stocking? How long can you hold ‘healthy’ stock until it becomes excess or even obsolete? Most businesses struggle to find an optimized balance between these two costly challenges.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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This Week in Logistics News (October 31 – November 6)

247 Customs Broker

As I wrote earlier this week, the election is behind us – well, maybe not. With record numbers of mail-in votes still being counted, a… The post This Week in Logistics News (October 31 – November 6) appeared first on 24/7 Customs Broker News.

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S&D Coffee and Tea Roasts Logistics and Transportation Costs With PINC

PINC

Using PINC Yard Management System (YMS), America’s largest custom coffee roaster has reduced detention costs and eliminated yard inefficiencies while improving visibility and productivity across the supply chain. Since 1927, S&D Coffee & Tea has been making delicious beverages for consumers worldwide. Made from top-quality ingredients, its coffees and teas are not only tasty, but they’re also produced in a very sustainable, eco-friendly manner.

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Supply Chain Excellence Awards 2020: Construction Supply Chain Excellence Award Shortlist

247 Customs Broker

XPO Logistics are shortlisted twice, with two different customers in the shape of British Gypsum and Etex, alongside Tesco with FitOut UK and Battersea Power Station… The post Supply Chain Excellence Awards 2020: Construction Supply Chain Excellence Award Shortlist appeared first on 24/7 Customs Broker News.

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Sustainability has arrived in Supply Chain Management

Logistics Business Magazine

Sustainability in supply chain management remains a hot topic despite the Covid-19 pandemic.The results of a recent study by consulting firm Miebach Consulting GmbH suggest that a successful turnaround towards sustainability can be achieved if consumers first rethink and transform this new way of thinking into action and demand. Nevertheless, according to Thorsten Gensmer, Director, Miebach Consulting , companies should not sit back: “Those who think ahead now and lay the foundation for su

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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Assistance-system-granted-EU-funding – Logistics Business®

247 Customs Broker

6th November 2020 ELOKON GmbH, the supplier of safety and assistance systems for the intralogistics sector, is developing a new assistance system to enable multiple… The post Assistance-system-granted-EU-funding – Logistics Business® appeared first on 24/7 Customs Broker News.

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Automation Hardware vs Software

Logistics Business Magazine

Integrator Witron recently promoted IT specialist Johannes Meissner to CEO of its service division WIOSS. Logistics Business talks to the 30-year company veteran about the often complicated trade-offs between hardware and software within warehouse automation. As an IT specialist, does your appointment to the management board as CEO herald new times at Witron, away from hardware toward software?

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Assistance system granted EU funding

247 Customs Broker

6th November 2020 ELOKON GmbH, the supplier of safety and assistance systems for the intralogistics sector, is developing a new assistance system to enable multiple… The post Assistance system granted EU funding appeared first on 24/7 Customs Broker News.