Mon.Sep 19, 2022

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‘Seasonality,’ signs of normalcy, return to rollicking trucking market

Logistics Management

There are signs of normalcy returning after three years of turbulence in the $830 billion trucking market. Recovering from chaotic conditions caused by pandemic-driven economic shutdowns and uneven supply chains nationally and around the world, top trucking executives are breathing sighs of relief—while keeping their fingers crossed.

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The HDVI Story with Chuck Wallace

The Logistics of Logistics

Chuck Wallace and Joe Lynch discuss the HDVI story. Chuck is the CEO and Co-founder of High Definition Vehicle Insurance (HDVI) , where he leads an experienced team of insurance, technology, and trucking industry experts who deeply understand the challenges of today’s fleets. About Chuck Wallace. Chuck Wallace is the CEO and Co-founder of HDVI. He has decades of experience in the insurtech, mobility, and freight and logistics markets — and the intersection between these three industries.

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3 Ways Shippers Can Solve the Carrier Allocation Logjam

Food Logistics

Shippers looking to thrive this holiday season must turn to technology and embrace the latest allocation management practices to avoid encountering more issues.

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An Entrepreneur Explains The 10 Things Needed to Build A Business that Investors Can’t Say ‘NO’ To

Logistics Viewpoints

Bruce Welty, Founder of the Unicorn Locus Robotics. Supply chain management is hot. Investment is flowing into supply chain companies. In 2021, more than $25 billion was invested in supply chain companies in just the first three quarters of the year. One successful private equity backed company is the unicorn Locus Robotics. Bruce Welty was one of the founders.

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Rethinking Supply Chains for Greater Efficiency, Resiliency, and Sustainability

Supply Chains have 3 key priorities: building resiliency, reducing costs and driving ESG performance. Read the new GEP-sponsored report by Harvard Business Review Analytic Services for strategies and digital solutions to achieve these goals.

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Supply Chain Resilience at Critical Juncture

Material Handling and Logistics

"Challenges such as those from active conflict, severe weather, cybercrime, trade policy uncertainty and other risks, make improving supply chains’ resilience a key priority," says Gartner.

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Can an FMC Order Break the Cargo Logjam at Ports?

Supply Chain Brain

The recently enacted Ocean Shipping Reform Act of 2022 gave the U.S. Federal Maritime Commission stronger oversight of how ocean carriers and marine terminals treat shippers. Now, FMC is being called on to wield some of that power.

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Metcalf’s Law Does Not Apply to Supply Chain Management

Logistics Viewpoints

Metcalfe’s law states that the value of a network is proportional to the square of the number of connected users of the system. In short, each new user does not just make the network more valuable; they make the network much, much, much more valuable. The implication is also that there are network effects – it is a winner take all environment; as one network becomes more dominant, it kills the competitors.

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[Video] The Unintended Consequences of Inconsistent Freight Procurement

Talking Logistics

There are a lot of words associated with supply chain management, like agility, responsiveness, and flexibility. There’s one you don’t hear very often, but is also important: consistency, which is defined as “conformity in the application of something, typically that which is necessary for the sake of logic, accuracy, or fairness.” Why is consistency important, Read more [Video] The Unintended Consequences of Inconsistent Freight Procurement.

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FLASH Helps Owners Adapt Urban Real Estate into EV Charging Hubs

NGT News

FLASH has launch its electric vehicle (EV) charging solution that seamlessly integrates into its FLASHOS mobility hub operating system. The solution, built specifically to meet the growing demand for urban EV charging and address unique infrastructure challenges, empowers parking operators and asset owners to leverage FLASH’s entire platform to transform their parking assets into mobility […].

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2023 Gartner Magic Quadrant for Real-time Transportation Visibility Platforms

The 2023 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms (RTTVP) is here. Are you evaluating supply chain visibility for your business but not sure where to start? Get the 2023 Gartner Magic Quadrant to learn: How the 9 real-time transportation visibility platform vendors are positioned The features every supply chain leader should care about Why FourKites was recognized as a Leader for Ability to Execute and Completeness of Vision Get the report now!

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How to Read the Hazardous Materials Table

3PL Insights

The hazardous materials table (§ 172.101) identifies, classifies, and lists the requirements for the transportation of hazardous materials, outlined by the U.S. Department of Transportation. This information is crucial for employee and environmental safety. Any organization that is involved in the storage, handling, and transportation of hazardous materials is required to receive proper training as outlined in 49 CFR § 172.704 by the Pipeline and Hazardous Materials Safety Administration.

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Autonomous Trucking: IVECO S-WAY Ready for Public Road Testing

NGT News

IVECO, the commercial vehicle brand of Iveco Group, and Plus have successfully completed the initial phase of their autonomous trucking pilot, which focused on engineering integration and closed-course testing. The companies say this milestone showcases the technical feasibility and capabilities of the PlusDrive-powered IVECO S-WAY truck and its readiness for the next phase of the […].

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Granholm’s Call to Build U.S. Fuel Stockpiles Is a Losing Proposition

Supply Chain Brain

Diesel futures in New York are trading in the widest backwardation for this time of year in data going back to 2008, meaning the product in storage is losing value each day.

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Ballard Invests in Quantron Fuel Cell EV Platform Development

NGT News

Ballard Power Systems has made a minority equity investment in Quantron AG, a global electric vehicle (EV) integrator and an emerging specialty OEM, to accelerate fuel cell truck adoption. As part of Quantron’s financing round of up to 50 million euros, Ballard’s investment proceeds will be used by Quantron to develop their truck fuel cell […].

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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

The world of supply chain and logistics has been plagued with volatility, disruptions, and increased regulations. Several issues are converging simultaneously, creating a precarious path forward. In this webinar, we will talk about the current status of the supply chain and what the successful and unsuccessful paths forward will look like. Join demand planning and SIOP expert Lisa Anderson for a riveting discussion evaluating the geopolitical landscape and looking at the bigger picture to create

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Efforts to Derail a Potential Logistical Nightmare

ShipLilly

President Joe Biden of the USA has reported that a tentative deal has been reached to avert a potential railroad strike that threatens to disrupt the supply chain. Early indications are that companies and unions have reached a deal that could prevent the first national rail strike in the last two decades. This comes at a time when supply chain bottlenecks are shifting away from the East and towards the Gulf Coast.

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New Fully Electric Axle Extends Range for Volvo Electric Trucks

NGT News

Volvo Trucks has unveiled a new, fully electric rear axle at the IAA transport show in Hannover, Germany. Freeing up space for more batteries, the new e-axle means even longer range for Volvo’s battery electric trucks. Volvo Trucks has six different models in serial production. The new e-axle allows even more batteries on the truck […]. The post New Fully Electric Axle Extends Range for Volvo Electric Trucks appeared first on NGT News.

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FedEx CEO Says He Expects the Economy to Enter a "Worldwide Recession"

Supply Chain Brain

The CEO’s pessimism came after FedEx missed estimates on revenue and earnings in its first quarter. The company also withdrew its full year guidance.

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Women the focus of new trucking initiative

Commercial Carrier Journal

The initiative, which launched at the end of summer, aims to accelerate the rise of women throughout all trucking industry professions and help eliminate roadblocks by advocating on issues that affect women in the workplace.

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Future Focus: Constructing Unshakeable Stability in Your Manufacturing Supply Chain

Speaker: Jay Black, Senior Account Executive

We’ve all heard the buzzwords to describe new supply chain trends: resiliency, sustainability, AI, machine learning. But what do these really mean today? Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. Stability has become key in this post-COVID world, and will remain key moving forward.

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Labor, Returns, Sustainability – Annual 3PL Study Reflects Thematic Concerns of a Recovering Industry

Supply Chain Brain

The 2023 Annual Third-Party Logistics Study, released Sept. 19, examines back-to-basics principles for supply chain professionals, the ongoing talent crisis and the rise of reverse logistics.

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Women the focus of new new trucking initiative

Commercial Carrier Journal

The initiative, which launched at the end of summer, aims to accelerate the rise of women throughout all trucking industry professions and help eliminate roadblocks by advocating on issues that affect women in the workplace.

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New Convoy offering focuses on increased depth and insights into shippers’ freight

Logistics Management

Entitled Hi-Fi visibility, the company explained that this offering gives shippers detailed, real-time updates across trailer pools and shipments hauled by Convoy-connected carriers, as well as robust analytics geared towards improving supply chain health. Shippers are able to access Hi-Fi Visibility through TMS integrations, APIs, and Convoy’s shipper platform, said Convoy.

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5 Features to Look for In Fleet Dashcams to Improve Fleet Management Operations

RasTrac

When it comes to fleet tracking, you must keep track of everyone and everything, ensure optimal efficiencies, and reduce the risks of legal liabilities. Fleet dashcams are an excellent tool to enhance your fleet’s monitoring and location tracking capabilities.

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ESG Reporting: It Is Inevitable, But It Doesn’t Mean That It Must Be Complicated

In these challenging times, climate change must inevitably be a top-of-mind priority. We need to act now by making the right decisions. 2022 was the year of corporate commitments to sustainability, and 2023 is the year where promises become proposals, mission statements become metrics, and aims become actions. New regulations have been set regarding the corporates, and they must comply.

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September 2022 Freight Market Update

Trinity Logistics

Stay up to date on the latest information on conditions impacting the freight market, curated by Trinity Logistics through our Freightwaves Sonar subscription. Not Interested in Reading? check OUT our Video Instead! SPOT OR CONTRACT? Do I stick to my routing guide? Or do I want to take my freight to the spot market ? Up until the early part of this year, most shippers probably answered these questions with an answer like, “whoever can get me a truck first.

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Supply Chain Disruptions: A Wake-up Call to Re-evaluate Supplier Contracts

Supply Chain Brain

Businesses today find themselves facing a wide range of economic and legal challenges, resulting in the inability of suppliers and buyers to meet contractual obligations.

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Transporeon appoints Chief Network and Strategy Officer

Logistics Business Magazine

Transporeon , a leading Transportation Management Platform, has appointed David Landau as Chief Network and Strategy Officer. Landau, described as a savvy supply chain expert, shares Transporeon’s mission to bring transportation in sync with the world and envisions the role of an intelligent platform acting as the operating system of large transportation networks in the cloud.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Remember when you were managing your eCommerce business out of your garage? Back then you didn’t need to know about holding costs because Mom and Dad let you store your inventory for free. It wasn’t until your business took off and they kicked you out that you began incurring holding costs a.k.a. carrying costs, and needed to learn what those are. So what exactly is holding cost?

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

In today's competitive business landscape, providing a seamless return experience and maintaining an efficient supply chain are critical to customer satisfaction and loyalty. Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. Efficient return management stands as a crucial strategy for optimizing the supply chain.