Fri.Apr 23, 2021

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Taming the Freight Market Volatility

MercuryGate

In our last blog post “What Causes Freight Booms and Busts?”, we looked at the reasons behind freight booms and busts. And while the freight market certainly experiences its share of ups and downs, it’s human nature to prefer stability. At the end of the day, we’re all trying to carve out our own little […]. The post Taming the Freight Market Volatility appeared first on MercuryGate International.

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What is Digital Freight Procurement?

Shipsta

Digital freight procurement is the use of digital technologies to rapidly source, compare and analyse bids from carriers. By automating complex tasks and providing greater visibility of data, digital freight procurement helps businesses control freight cos ts and manage risk in their supply chain.

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Trending Sources

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Truck Dispatching Tech Grows

Food Logistics

SmartHop opens two new headquarters during the pandemic, exhibiting the growth of technology in the trucking industry.

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Congressmen Introduce the Clean Commute for Kids Act to Electrify U.S. Bus Fleet

NGT News

Sen. Alex Padilla, D-Calif., and Sen. Raphael Warnock, D-Ga., and Rep. Tony Cárdenas, D-Calif., and Rep. Jahana Hayes, D-Conn., have introduced the Clean Commute for Kids Act to transition the nation’s school bus fleet to zero-emission vehicles (ZEVs) and protect children’s health. The bicameral legislation would invest $25 billion to replace existing diesel buses with […].

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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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Small-business lender Yellowstone to pay almost $10M in fraud settlement

Overdrive Online

A leading provider of a type of small-business funding that has caused problems for small motor carriers will pay more than $9.8 million to settle Federal Trade Commission fraud charges. Much of that sum is intended for refunds to victims.

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More Trending

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Trending Transportation Updates: April 2021 | PLS Logistics Services

PLS Logistics

There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates of April 2021!

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CSA's Achilles' Heel is exposed carrier data. Mitigating issues requires more cooperation

Overdrive Online

In this Overdrive Radio podcast, views on unintended consequences that continue to be big problems for carriers. The entire trucking, enforcement and regulator community should do a lot better, two panelists contend, working together to solve issues.

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Above the Fold: Supply Chain Logistics News (April 23, 2021)

Talking Logistics

Nothing says “I love you” like a new sofa. At least that’s what my wife and I told each other when we bought ourselves a new sofa for Valentine’s Day this past February. It’s a very comfortable sofa. At least that’s what we remember from the showroom; ours hasn’t arrived yet. The delivery date has. Read more Above the Fold: Supply Chain Logistics News (April 23, 2021).

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Volvo Trucks Offering VNR Electric Courses at New California Training Facility

NGT News

Volvo Trucks says it is expanding its North American training footprint with the addition of a 9,600-square-foot location in Hayward, Calif., located near San Francisco. It is scheduled to open June 1. The facility will be the West Coast hub of Volvo Trucks Academy, which provides technical vehicle knowledge, dealer operations training and provides customers […].

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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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U.S. rail carload and intermodal volumes are up, for week ending April 17, reports AAR

Logistics Management

Rail carloads—at 237,607—headed up 25.2% annually, and intermodal units—at 295,610—rose 38.3% annually.

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Small-business lender Yellowstone to pay almost $10M in fraud settlement

Overdrive Online

A leading provider of a type of small-business funding that has caused problems for small motor carriers will pay more than $9.8 million to settle Federal Trade Commission fraud charges. Much of that sum is intended for refunds to victims.

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Axele Announces New Enhancements to TMS Solution

Supply Chain Brain

Axele, a Transportation Management System (TMS) company, has announced new upgrades to its TMS solution for truckload carriers.

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Small-business lender Yellowstone to pay almost $10M in fraud settlement

Overdrive Online

A leading provider of a type of small-business funding that has caused problems for small motor carriers will pay more than $9.8 million to settle Federal Trade Commission fraud charges. Much of that sum is intended for refunds to victims.

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GEP Spend Category Outlook 2024

Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

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FTR’s Shippers Conditions Index takes a step back

Logistics Management

The February SCI, which is the most recent month for which data is available, came in at -11.8, below January’s -9.8. January’s reading marked an improvement over December’s -10.9. FTR said that the fourth quarter of 2020 presented the most difficult market conditions for shippers going back to early 2018.

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Covid pandemic puts spotlight on automation and robots

Logistics Business Magazine

The global pandemic has placed a spotlight on the fragility of modern supply chains and manufacturing processes. Tenuous links in the supply chain were quickly fractured with global shutdowns and the grounding of all travel. Already stressed relationships with international suppliers, overburdened transport systems, a lack of end-to-end supply chain visibility, and outdated processes for monitoring and responding to demand, collapsed in February 2020.

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Types of inventory in warehouses

Globalior

Understanding different types of inventory stockpiles better can lead to supply chain improvement opportunities. Maintaining stock of goods is a cost for the company, while at the same time, this stock is required to create “value” Stocks and the flow of goods are two highly interdependent variables. Hence, proper inventory management results in higher quality operating processes, resulting in a reduction in waste in resources and capacity.

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K Group on the road with fully electric chilled deliveries

Logistics Business Magazine

Thermo King , a leader in transport temperature control solutions, has worked with K Group to test successfully the electric E-200 refrigeration unit paired with the electric-powered MAN eTGE van in its food delivery operations in Finland. K Group is the third-biggest retail operator in Northern Europe, with over 1500 grocery stores in Finland under the Kesko Food brands: K-food, K-Citymarket, K-Supermarket and K-Market.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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What is inventory management?

Globalior

Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. This activity is fundamental in stock management. However, what does the term “inventory management” really mean? Let’s try to define this phrase better. Proper inventory management has a positive impact on warehouse organization and leads to improved efficiency and productivity levels.

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For Vaccine Distribution, Fleet Managers Need Better Real-Time Data

Supply Chain Brain

The connection between fleet managers and the COVID-19 vaccine rollout is more important than many people realize.

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Panasonic’s long-anticipated acquisition of Blue Yonder is a done deal

Logistics Management

Panasonic formally said earlier today that it will acquire Blue Yonder by purchasing the remaining 80% of shares of Blue Yonder, for $5.

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Podcast | Four Mistakes That Companies Are Making in Their Parcel-Shipping Strategies

Supply Chain Brain

Thanks to the pandemic and heavy customer demand, parcel shipping is currently mired in “chaos.

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Mastering Order Management: Backorders & Out-of-Stock Inventory

The unfortunate truth is that you will always have low stock and backorder issues with your supply chain. But that doesn’t mean you can’t be prepared to handle them. This brief video explores some of the primary drivers of inventory issues – and how modern technology and best practices can mitigate these issues and ensure a superb customer experience.

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Radnor Hills gains efficiency with robotic palletisers

Logistics Business Magazine

Robotics and automation specialist RMGroup has installed three of its end-of-line robotic palletisers for award-winning soft drinks business Radnor Hills. The move has enabled the manufacturer to benefit from process efficiencies throughout its production. Manufacturing a wide range of spring waters, flavoured waters, functional waters, school compliant drinks, premium sparkling pressés, fruit juices and own-label brands, Radnor Hills first approached RMGroup in 2018 to investigate automating an

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April is Distracted Driving Awareness Month

Penske Move Ahead

Advancements and updates in technology have added distractions to virtually every aspect of modern life, but they have become increasingly troublesome to drivers. And while 48 states have enacted texting bans to prevent dangerous and deadly consequences on the road, drivers continue to use their smartphones behind the wheel. Common distractions: Talking or texting on your phone Eating and drinking Talking to people in your vehicle Fiddling with the stereo, entertainment or navigation system "Eve

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Cyber security and attacks in the logistics industry

Logistics Business Magazine

Cyber security services company BlueVoyant has published a new report on cyber security in the logistics industry. Its analysis of 20 worldwide shipping and logistics companies overviews why many organisations in the supply chain sector urgently need to look at how they can become more resilient against cyber threats, given the sensitivity of distribution networks to disruption and the global reliance on supply chain firms.

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This Week in Logistics News (April 17 – 23)

Logistics Viewpoints

Thirty-six years ago today marks either one of the greatest marketing blunders or success stories of all-time, depending on how you look at it, of course. Concerned that it was losing market share to other soft drinks, and the fact that in some blind taste tests consumers preferred the sweeter taste of Pepsi, Coca-Cola changed its formula and released New Coke.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

How can businesses gain a competitive edge in an era marked by relentless competition and economic fluctuations? The secret is mastering strategic cost management strategies. This GEP bulletin, "Strategic Cost Management Approaches to Unlock Growth and Increase Profitability," breaks this down into clear, actionable steps. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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Packaging firm invests in sustainable products

Logistics Business Magazine

As part of its continued focus on product innovation for the sustainability market, one of Europe’s leading packaging suppliers, Southgate , is developing a range of new, eco-friendly packaging solutions. The investment is part of the company’s ongoing, pioneering activity to lead the industry in developing sustainable packaging products. In the past year, Southgate has launched several new sustainable products including another Paper Tape Dispenser and Void Fill, with many more innovations to c

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Republicans counter Biden’s $2.25 trillion with proposal one-fourth as big

Logistics Management

A group of Senate Republicans lead by Senator Shelley Moore Capito, R-W. Va., unveiled a $568 billion infrastructure proposal as a counteroffer to President Biden’s $2.3 trillion American Jobs Plan.

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Manhattan Associates again named leader in Gartner report

Logistics Business Magazine

Manhattan Associates Inc. has been named a Leader for the third consecutive year in Gartner Inc.’s Magic Quadrant for Transportation Management Systems. Changing consumer delivery expectations, reductions in store sizes and locations and the desire to maintain business continuity have created a growing need for transparent and unified transportation solutions.

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