PowerFleet

Weathering downturns with real-time visibility

Whether or not the market is in a downturn depends on whom you ask, but one thing’s for sure: Increasing capacity isn’t easy. With fuel costs remaining high, and with equipment and workforce shortages, fleets are having to reassess their strategies.

“The cost to increase capacity is extremely high,” said Matt Harris, senior vice president of sales at PowerFleet, explaining that demand and capacity volatility pose serious challenges.

When a downturn seems imminent, private fleets and truckload...

https://www.freightwaves.com/news/weathering-downturns-with-real-time-visibility

Amid high costs, carriers can find ways to do more with less

Carriers find themselves in a hard place: The operating costs are increasing as the market for their services diminishes.

With rising fuel costs sinking truckload spot rates, carriers are seeing their margins disappear before their eyes. In fact, gaining an advantage in any aspect seems nearly impossible. In the market to buy a truck? Think again.

In July 2020, $54,000 would buy you a 3-year-old used truck, but not anymore. You’ll now have to fork over $140,000 today, according to ACT Research. 

https://www.freightwaves.com/news/amid-high-costs-carriers-can-find-ways-to-do-more-with-less

Reefer capacity remains tight: How to optimize available trailers

By: Corrie White, market reporter at FreightWaves

While the logistics industry has traditionally leaned on seasonality to understand fluctuations in the market, that strategy doesn’t seem to be working anymore. 

“If we have learned anything over the past year, it is the fact we cannot apply pre-pandemic patterns to the current freight environment just yet,” said Zach Strickland, director of Freight Market Intelligence at FreightWaves.

This also applies to reefer carriers ⁠— a sector that is more...

https://www.freightwaves.com/news/reefer-capacity-remains-tight-how-to-optimize-available-trailers

3 ways shippers are gaining control of their supply chains

The supply chain’s fragmentation and fragility have been exposed over the past 20 months, leading many shippers to invest in their supply chains in ways they hadn’t before. Historically, and in soft markets, shippers had pricing power over carriers and often placed their transportation networks on the operational back burner, but this pandemic-induced awakening forced many to take action. 

While much of the supply chain stress stems from a lack of labor and infrastructure, be it drivers,...

https://www.freightwaves.com/news/3-ways-shippers-are-gaining-control-of-their-supply-chains

Return to sender: Holiday product returns will stress supply chains

Breaking down the costly process of returning a product

Much ado has been made about holiday sales, and for good reason –– this holiday season figures to be unlike any other as supply chain disruptions continue to complicate the path from retailer to consumer. But not enough emphasis is being placed on the other direction: returns.

The reverse journey from the consumer back to the retailer is arguably an even more arduous one, and it’s compounded by the fact that those returned products occupy the same supply chains as unsold products. With supply...

https://www.freightwaves.com/news/return-to-sender-holiday-product-returns-will-stress-supply-chains

Gaining intermodal asset status without manual inspection key to port efficiency

container chassis

During the second quarter of 2021, intermodal container volume increased almost 30% year-over-year. Shifts in consumer behavior, labor shortages at ports and other factors force ports to work around the clock and freight technology companies to zero in on solutions to increase that velocity. 

PowerFleet, a leading provider of subscription-based wireless Internet of Things (IoT) technology and end-to-end solutions, recently demoed two new products that will address the challenge of supply chain...

https://www.freightwaves.com/news/gaining-intermodal-asset-status-without-manual-inspection-key-to-port-efficiency

F3 demos: FreightTech saves precious time

FreightTech companies demonstrated logistics technology at F3.

FreightTech companies demonstrated their innovative technologies for fleets during FreightWaves’ F3 Virtual Experience. These demos show the importance of technology that streamlines operations such as payments, email and yard check-ins.

Isaac Instruments

Isaac Instruments products are tough, reliable and weatherproof. Isaac’s ELD is built to withstand harsh environments and minimize the number of taps that drivers need to make on-screen.

Check out the demo to see how the instruments work in...

https://www.freightwaves.com/news/f3-demos-freighttech-saves-precious-time

’Tis the season: Harvest haulers stress an already tight market

At the close of every summer, the trucking industry gears up for harvest season, which traditionally contributes to a further tightening of capacity ⁠— for a couple of reasons. Owner-operators who also own farms remove their trucking capacity from the market for over a month to harvest produce and deliver it to market. 

Additionally, to ensure the extra capacity needed during harvest season, brokers use a dedicated group of carriers to haul oranges, watermelons, avocados, corn, cotton or...

https://www.freightwaves.com/news/tis-the-season-harvest-haulers-stress-an-already-tight-market

How warehouses can streamline safety training for peak-season hires

Supply chain anxiety is mainstream news this peak retail season. As of Oct. 5, 55 ships were anchored off the coast of California. Big retail is preparing the public for imminent shortages, while truckers are working tirelessly and bracing themselves to deal with pent-up demand. The CEO of MGA Entertainment, a leading global toymaker, recently said, “Everything that can go wrong is going wrong at the same time.” 

But once the cargo hits the docks, labor shortages in warehouses are further...

https://www.freightwaves.com/news/how-warehouses-can-streamline-safety-training-for-peak-season-hires

Can port congestion be fixed? — Freightonomics

nVision Global, is a leading Global Freight Audit, Supply Chain Management Services company offering enterprise-wide supply chain solutions. With over 4,000 global business “Partners”, nVision Global not only provides prompt, accurate Freight Audit Solutions, but also providing industry-leading Supply Chain Information Management solutions and services necessary to help its clients maximize efficiencies within their supply chain. To learn more, visit www.nvisionglobal.com

On this episode of...

https://www.freightwaves.com/news/can-port-congestion-be-fixed-freightonomics

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