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DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, has announced that it is making a full vessel data set and DeepSea’s automatic model evaluation tool … |
https://maritime-professionals.com/benchmarking-tool-for-shipping-companies/
As we prepare to embark on yet another Truckload Carriers Association (TCA) Annual Convention, I harken back 20 years ago when the TCA leadership reached out to me about the possibility of starting a benchmarking program for trucking, much like the “20 Group” programs found in the automobile and truck dealer industry. I remember those days in 1987 fondly as a member of a Truck Dealer group. It was by far the most important management move I ever made in my career. The benefit of sharing actual...
https://www.freightwaves.com/news/as-i-see-it-from-the-trucking-activist-benchmarking-in-truckload
As announced last month, John Lyboldt, a friend, leader, and colleague, announced his upcoming retirement from his position as president of the Truckload Carriers Association. I wanted to thank John for his impact on the Truckload Profitability Program (TPP) and his leadership and vision that has guided this program to the heights it has attained during his tenure. As John considers the next chapter in his career, I hope he has some time available to consult and aid in the further growth of...
https://www.freightwaves.com/news/as-i-see-it-from-the-trucking-activist-lyboldt-impact
The pandemic has made planning for 2021 extremely difficult for businesses, and shippers are no different. As they look to lock in capacity and rates for next year, several unanswered questions are complicating the process:
Management from some of the nation’s largest truckload carriers spoke recently during the Stephens Annual Investment Conference, and the conclusion they have...
https://s29755.pcdn.co/news/technology-can-help-shippers-navigate-uncertain-freight-environment
The world’s largest retailer has high expectations for on-time delivery. As of Sept. 15, Walmart is requiring suppliers to achieve 98% on-time and in-full (OTIF) delivery. Noncompliance incurs a 3% fine. Previously, Walmart required 70% OTIF for less-than-truckload (LTL) carriers and 87% for truckload carriers.
Walmart is not alone. In response to consumers’ urgent demands for stocked shelves, several other retailers have similar requirements of suppliers and consumer packaged goods (CPG)...
When it comes to freight audit and payment strategy, shippers don’t operate as a monolith. The Journal of Commerce (JOC) just released a freight payment benchmark study that brings urgent transparency to the payment practices of the shipper community.
The study, “Driving Strategic Value Through Outsourcing,” written by Eric Johnson, senior technology reporter at the JOC, aggregates the responses of 77 shippers across all modes, nearly three-quarters of which generate $1 billion or more in...
Workhorse Group is looking to Hitachi to assess its manufacturing and supply chain operations to help speed up electric delivery truck production.
The strategic agreements between Workhorse (NASDAQ: WKHS) and Hitachi America, Ltd. and Hitachi Capital America Corp. includes benchmarking. Hitachi will recommend changes based on its Lumada platform that covers smart manufacturing, data-driven digital solutions and electric vehicle (EV) technologies.
Hitachi Capital America will help Workhorse...
Convoy has launched a new rate quote benchmarking tool that allows shippers to easily see if the spot quote they are being provided is comparable to, higher or lower than the average. Automated quote benchmarking is now available within the Convoy shipper platform.
“Shippers currently spend a lot of time logging into multiple online platforms or contacting several brokers for spot auctions to ensure they get a fair price-to-quality balance. This process alone can increase shipping costs...
https://s29755.pcdn.co/news/convoy-rolls-out-spot-rate-benchmarking-tool-for-shippers
When Chris Henry conceived the idea of benchmarking financial and operational data for trucking companies in North America, he faced resistance.
“Those first 90 days were full of rejections, specifically focused on ‘It will be impossible to get truckers to agree to submit their confidential data for any type of benchmarking purpose,’ with some choice swear words thrown in for good measure,” Henry said.
But he persisted, and with the help of a partnership with the Truckload Carriers Association...
RightShip announced a new program for the dry bulk sector which aims to ensure the highest levels of safety, security and environmental excellence. The new Dry Bulk Management Standard (DBMS) aims to support the improvement of safety and risk management standards within dry bulk ship management and help drive collaboration, conversation and increased standards in the sector.
The draft guidelines and standards have been created after months of collaboration with partners and operators across the...
https://safety4sea.com/cm-rightship-launches-new-dry-bulk-management-standard/