Today’s shippers have found themselves grappling with a variety of secular tailwinds, namely e-commerce growth, automation and outsourcing. While each of these factors existed before the coronavirus pandemic rocked the logistics industry last year, the impact of a global pandemic has accelerated preexisting trends and concerns.
FreightWaves President George Abernathy recently sat down with GXO Logistics Chief Investment Officer Mark Manduca to discuss how GXO can help shippers navigate these...
Successful logistics companies tend to excel in several different areas, namely customer service, efficiency and transparency. Most of the high-tech products hitting the market exist to address these very same concerns. As the industry continues to navigate its fairly recent technological awakening, it is becoming clear that the best logistics companies boast a strong focus on technology. In fact, it has become nearly impossible to succeed in the space without embracing tech.
“Technology is...
https://www.freightwaves.com/news/are-the-best-logistics-companies-really-tech-companies
As the logistics industry continues to embrace technology, visibility solutions have stolen the spotlight again and again. It is easy to see why; these solutions make it possible to increase supply chain transparency, tracking loads in real time and ensure shipment security without implementing several different tools.
The importance of better visibility is becoming more and more apparent both inside and outside the industry. Companies want transparency from their partners, and end consumers...
https://www.freightwaves.com/news/many-shippers-underestimate-visibility-expectations
Within the last month alone of this current high-demand climate, 11,000 new trucking companies entered the market. But as industry veterans know, the margins for trucking companies are razor thin and the industry is accustomed to boom-and-bust cycles. One notorious expense that challenges the bottom line of new and smaller fleets is the surging cost of trucking insurance.
On a recent episode of WHAT THE TRUCK?!?, Lauren Meyer, director of client success at CarrierHQ, shared how her growing...
Idle hands may be the devil’s workshop, but idle trucks don’t work for anybody.
Driver detention is the downtime in hauling that befalls truckers at pickup or delivery locations. Everyone in the industry dreads delays, especially expensive ones, and detention costs do enormous harm to the bottom line.
In fact, driver detention times have become such a pressing issue that even U.S. lawmakers are urging the Federal Motor Carrier Safety Administration (FMCSA) to address the matter.
The $494 billion...
https://www.freightwaves.com/news/momentum-building-to-slash-detention-times
For decades, request for proposal (RFP) processes have served as the cornerstone for freight procurement. Shippers have historically gravitated toward contract freight for its reliability and pricing consistency, but due to the recent onslaught of digital freight partners that promise shorter-term contracts and real-time pricing, many industry constituents wonder whether or when RFPs will evolve.
In an effort to dig beneath the surface of RFPs’ stronghold on the industry, Trimble and...
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To learn more, browse this collection of transportation resources or contact a Travelers agent.
https://www.freightwaves.com/news/daily-infographic-avoid-claims
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Get more insightson managing your cargo risks and learn about how Travelers Inland Marine coverage can help.
https://s29755.pcdn.co/news/daily-infographic-pilferage-and-seal-break-events-can-be-costly
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https://s29755.pcdn.co/news/the-future-of-chassis-infographic
