Borderless insurance coverage for shippers

Live from the Future of Supply Chain in Atlanta Mark Vickers, executive vice president and head of international logistics at Reliance Partners comes on FWNOW to break down the intricacies of cross border insurance and cargo liability in Mexico. 

When it comes to cargo insurance in Mexico, it’s commonly referred to as the “Wild West,” as there isn’t any standardization like there is in the U.S. and Canada. The Federal Motor Carrier Safety Administration in the U.S. has specific requirements...

https://www.freightwaves.com/news/borderless-insurance-coverage-for-shippers

J.B. Hunt prioritizes balanced investment in tech and people

With the freight industry in a continued difficult market, carriers and 3PLs have had to invest in technology to find more efficiency in slim margins.

Brad Hicks, executive vice president of highway services and executive vice president of people at J.B. Hunt, says companies that don’t connect their investment in technology with their investment in people will come out behind. “If you don’t have that proper balance of people and tech working together and complementing each other, then you’re...

https://www.freightwaves.com/news/j-b-hunt-prioritizes-balanced-investment-in-tech-and-people

From voluntary to mandatory: Consultative expertise in sustainability compliance

Governments and consumers alike have placed an increased emphasis on environmental concerns over the past several years. As a result, sustainability reporting is quickly shifting from a voluntary initiative to a mandatory undertaking. Strong relationships with transportation and logistics providers are going to be more important than ever as shippers learn to work within the regulations and expectations that come along with this “new normal.”

Collaboration is key to reaching climate goals

Shawntel...

https://www.freightwaves.com/news/from-voluntary-to-mandatory-consultative-expertise-in-sustainability-compliance

Tri-National makes facility investments in Texas

As nearshoring trends continue to drive manufacturing to Mexico, capacity fluctuations are requiring cross-border freight companies to strategically invest in their cross-border shipping capacity.

“As is already the case with the USMCA corridor, more imports are coming north from Mexico,” said Brad Colvin, director of corporate business development and logistics at Tri-National Inc (TNi). “It will only create a larger imbalance of freight going back to the border and on into Mexico, creating...

https://www.freightwaves.com/news/tri-national-makes-facility-investments-in-texas

Check Call: IPO calls to logistics companies

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Transportation and logistics stocks are the future, something I’m a little surprised about. Turns out, while everyone was watching initial public offerings for Skims, Discord and the like, the logistics sector has come out in force for IPOs in 2024.

The motivation behind an IPO is typically for a privately held company to raise capital in hopes of expanding. Also, venture capitalists may use IPOs as an exit strategy to receive their return on investment in private rounds of...

https://www.freightwaves.com/news/check-call-ipo-calls-to-logistics-companies

Logistics companies seek integrated location tracking solutions

In partnership with Radar

Accurate location tracking is a vital aspect of many industries, perhaps none more so than logistics and transportation. With the costly pitfalls of lost assets or misplaced leases and the prevalence of fraud, theft and location spoofing, 3PLs and carriers are constantly in need of more accurate and more efficient means of tracking and securing equipment and drivers.

Nick Patrick, co-founder and CEO of Radar, first encountered the challenges of location tracking while...

https://www.freightwaves.com/news/logistics-companies-seek-integrated-location-tracking-solutions

How smart labels are improving supply chain intelligence

San Diego-based global logistics technology company Tag-N-Trac recently unveiled its suite of updated IoT devices that include low-cost, disposable smart labels and tags. Venu Gutlapalli, CEO and co-founder at Tag-N-Trac, spoke with FreightWaves about how the devices and the Relativity technology platform work.

The process begins with the 5G cellular- and Bluetooth technology-integrated smart labels and tags, which are used in supply chain asset tracking systems and can locate and track...

https://www.freightwaves.com/news/how-smart-labels-are-improving-supply-chain-intelligence

Using advanced tech to navigate the Drug & Alcohol Clearinghouse

Nearly four years after the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse was established, it continues to have a significant impact on the trucking regulatory landscape.

Michael Precia, president and chief strategy officer at Fleetworthy Solutions, joined FreightWaves in an interview to discuss the clearinghouse’s impact on the industry and its goal of improving safety on the road.

“The intent of the program was to shine a light on what could be called a black hole...

https://www.freightwaves.com/news/using-advanced-tech-to-navigate-the-drug-alcohol-clearinghouse

Lessons from 4 generations of trucking – Taking the Hire Road

On this week’s episode of Taking the Hire Road, Jeremy Reymer discussed the changes in the transportation industry over the past century with Bill Skinner, president, and Tim Kordula, vice president of risk management of Skinner Transfer Corp.

In 1932, Earl R. Skinner began by delivering his neighbors’ milk to the local creamery in Reedsburg, Wisconsin, by horse team. This led to cattle transportation, flatbed trucks and eventually dry vans. Skinner Transfer later expanded to the Madison and...

https://www.freightwaves.com/news/lessons-from-4-generations-of-trucking-taking-the-hire-road

Freight carrier concerns in today’s market

The freight industry is buzzing with talk about a coming market shift. While high-frequency data does suggest that the ongoing freight recession is beginning to ease, the climb back up is expected to be slow for carriers. In today’s environment, carriers continue to grapple with an oversaturated market and less-than-ideal economic conditions, making it difficult to maintain profitability. 

Over the past couple of years, carriers have consistently reported concerns related to increased fraud,...

https://www.freightwaves.com/news/freight-carrier-concerns-in-todays-market

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