nVision Global

Technology can help shippers navigate uncertain freight environment

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:

  1. Are we in a freight peak?
  2. Is COVID-19 driving rates artificially higher?
  3. Is this the new normal for freight rates?

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

In unpredictable times, technology makes all the difference

white truck on highway

Nearly every shipper has been impacted in 2020 in one way or another. Some, like those dealing in essential goods, have seen business boom. Others have been forced to sit idly by hoping the economy turns around and their goods are suddenly in demand again.

Whichever end of the spectrum you sit on, there is one thing that defines 2020: unpredictability.

The COVID-19 pandemic has brought great uncertainty to the freight markets, with some companies thriving and others struggling. An IBM Institute...

https://s29755.pcdn.co/news/in-unpredictable-times-technology-makes-all-the-difference

The right tech investment at the right time pays off

Avoiding supply chain disruptions

Judy Smith, founder of crisis management firm Smith & Company, has famously said that “there’s always an opportunity with [a] crisis. Just as it forces an individual to look inside himself, it forces a company to reexamine its policies and practices.”

In January, no one thought the U.S. was in crisis mode, but the COVID-19 pandemic changed all that. For companies in the logistics business, there is much that can be learned from Smith, who has guided companies, presidents and countries through...

https://www.freightwaves.com/news/the-right-tech-investment-at-the-right-time-pays-off

White Paper: Oil and Gas Industry Update

In a time of unprecedented economic retraction and revenue loss, it is imperative that shippers monitor and control costs closely.

The situation is even more dire for oil and gas companies. Unfortunately, COVID-19 is not the only major headwind for the industry. Global tensions have been boiling throughout 2020 as Saudi-led OPEC battles with Russia over oil supply. That is not to say that COVID-19 does not pose significant challenges; it has indeed thrown the industry on its head. Futures...

https://www.freightwaves.com/news/white-paper-oil-and-gas-industry-update