logisitcs

It is time for brokers to leverage integrations as selling points

Connectivity has become a hot topic in the logistics industry. Shippers are increasingly embracing integrations as a way to connect with partners, save money and automate tasks. That means brokers are being pushed to up their integration game. 

Bitfreighter CEO, Brad Perling, founded the company with the goal of helping brokers scale integrations and provide the connectivity shippers crave. 

“I felt there was nobody out there that really wanted to help brokerages do that,” Perling said. “It is...

https://www.freightwaves.com/news/it-is-time-for-brokers-to-leverage-integrations-as-selling-points

Will the carrier pay my cargo claim? The answer may surprise you

As supply chains become more global and intricate, the risk of loss or damage to goods in transit increases. On a long enough timeline, challenges such as extreme rigors of transit, long voyages, extensive handling and rehandling, inclement weather, targeted theft, and impostor schemes guarantee losses.  

In the absence of shipper’s interest cargo insurance to protect the cargo owner against financial loss, carrier’s liability is all that remains, and cargo owners are often disappointed by the...

https://www.freightwaves.com/news/will-the-carrier-pay-my-cargo-claim-the-answer-may-surprise-you

Old-school RFP processes are keeping shippers in the past

Historically, the RFP process has been laborious, expensive and exclusive. Shippers have aimed to work with as few carriers and brokers as possible while locking in rates on an annual basis. Over the past couple of years, market shifts and capacity constraints have illuminated the flaws in this unsustainable process. 

“For many years, if you talked to shippers, their whole goal was to limit the amount of carriers that had access to them. If a shipper could use one carrier for everything, they...

https://www.freightwaves.com/news/old-school-rfp-processes-are-keeping-shippers-in-the-past

Looking ahead: Industry could be in for a steadier ride in 2022

It’s no secret the logistics industry has faced significant pandemic-related volatility throughout the past two years. With 2021’s elevated rates and strained capacity, many shippers are holding out hope for significant rebalancing in the new year. They may need to wait a little longer, however, as experts suggest current market conditions could last well into 2022.

David Spencer, Arrive Logistics director of business intelligence, expects most of 2021’s challenges will bleed into 2022. Relief...

https://www.freightwaves.com/news/looking-ahead-industry-could-be-in-for-a-steadier-ride-in-2022

Outlook, trends and hot topics for transportation in 2022

As 2021 draws to a close, companies across the logistics industry are beginning to wonder what next year will look like. Shippers are eager for a break from sky-high rates and severely constrained capacity. That break, however, may not be coming anytime soon. 

“I think we’re going to see slow improvements. There are several factors that are just driving this to be a sustainable problem,” said Jim Monkmeyer, President of Transportation & LLP, DHL Supply Chain North America.  

Many of the...

https://www.freightwaves.com/news/outlook-trends-and-hot-topics-for-transportation-in-2022

Emerging cell and gene therapies bring unique supply chain challenges

The global medical and pharmaceutical industries are rapidly evolving, and the types of treatments available to patients are expanding on a near-daily basis. These exciting innovations tend to be fragile and often carry unique supply chain challenges, as evidenced by the rollout of the coronavirus vaccine earlier this year. 

Cell and gene therapies are some of the most promising areas of emerging medicine, offering patients relief — and sometimes even a cure — from diseases that have otherwise...

https://www.freightwaves.com/news/emerging-cell-and-gene-therapies-bring-unique-supply-chain-challenges

Locomation’s autonomous truck platform promises serious cost, emissions savings

Carrier profitability is tight. The driver shortage is worsening. Sustainability efforts are in the spotlight with a focus on the greening of commercial transportation. Trucking industry insurance rates continue to climb due to fatal accidents and costly verdicts. While there are technological solutions to remedy some of the problems individually, a complete autonomous truck platform is well positioned to rectify all these issues at the same time, Locomation. 

Most often, hesitation surrounding...

https://www.freightwaves.com/news/locomations-autonomous-truck-platform-promises-serious-cost-emissions-savings

Universal Logistics rebounds after pandemic-related earnings decline

Universal Logistics Holdings’ (NASDAQ: ULH) earnings bounced back in the third quarter after pandemic-induced lows during the prior three-month period. 

The Warren, Michigan-based truckload and logistics company’s net income rose to $13.6 million for the third quarter and earnings per share of 50 cents. Second-quarter net income was $6.2 million, down 69% from the same period last year, and 23 cents per share.

The third-quarter results were a 261% turnaround compared to the same quarter in 2019,...

https://www.freightwaves.com/news/universal-logistics-rebounds