trucking news

Customized digital payments give brokers a new edge

truck goes down highway

In an industry that is becoming increasingly digitized, customization is king. Brokers with the capacity to meet their carriers exactly where they are are more likely to keep them in their network, ultimately making the relationship more fortuitous for both parties. 

Customizable payment programs – like HaulPay by ComFreight – offer brokers the opportunity to pay each carrier on a schedule that works best for them. Custom payment options allow brokers to offer quick pay when necessary while...

https://s29755.pcdn.co/news/customized-digital-payments-give-brokers-a-new-edge-to-excel

How last mile has changed in the shadow of coronavirus

When the coronavirus first made its way across the U.S. this spring, consumers rushed to stock up on essentials, emptying store shelves in record time. Panic-buying has since slowed, but now shoppers — many of whom still remain in their homes most of the time — have taken to the internet to purchase everyday essentials and engage in a little pandemic-fueled retail therapy. The combination of these consumer behaviors has resulted in a swift uptick in parcel volumes. 

While some shippers were...

https://s29755.pcdn.co/news/how-last-mile-has-changed-in-the-shadow-of-coronavirus

Aggregating resources is key to increased efficiency

cellphone in front of row of trucks

Technology has revolutionized the transportation and logistics industry. Over the past few years, tracking has been seamlessly integrated, check calls have been significantly reduced and physical paperwork has been all but eliminated. A historically opaque and resistant industry has opened up to transparency and technology. 

“If you look at 2018, that was a turning point year. Shippers were struggling with high rates and having a hard time finding capacity,” Adelante SCM President Adrian...

https://s29755.pcdn.co/news/aggregating-resources-is-key-to-increased-efficiency

Trailer leasing offers carriers control in a volatile market

truck going down highway

The classic “lease versus buy” dilemma isn’t just about houses and cars; it’s also about trucking equipment. Carriers choose to rent trailers for several reasons, including flexibility, cost savings, and keeping their fleets young. Market volatility has also proven to be a strong motivator.

The current coronavirus pandemic has had something of a roller-coaster effect on the market – sending volumes surging in some sectors and plummeting in others. Carriers experienced weeks of tight capacity,...

https://s29755.pcdn.co/news/trailer-leasing-offers-carriers-control-in-a-volatile-market

The ideal time to merge or sell could be now

truck parked on city street

When the coronavirus pandemic started spreading across the U.S. in March, panic buying and mandatory lockdowns sent the logistics industry into a tailspin. The chaos of the past few months has highlighted both existing inefficiencies and sustainable business practices throughout the industry.

Essential manufacturers faced mercilessly high demand, while non-essential manufacturers were forced to close up shop entirely. Volumes surged and plummeted, sending carriers from the highway to the parking...

https://www.freightwaves.com/news/the-ideal-time-to-merge-or-sell-could-be-now

How to fight the effects of nuclear verdicts (with video)

A number of nuclear verdicts have rocked the transportation industry over the last several years. FreightWaves teamed up with Gulf Winds International to discuss how these massive jury awards are driving insurance rates up and taking a lasting toll on carriers. 

FreightWaves Director of Freight Intelligence Zach Strickland and Texas Trucking Association President John Esparza tackled the issue head-on in a recent video chat. 

Jury awards against trucking companies continue to swell to higher and...

https://www.freightwaves.com/news/how-to-fight-the-effects-of-nuclear-verdicts-with-video

Brokers cannot afford to put technology on back burner during pandemic

The logistics industry has always been colored by both seasonal volume shifts and whiplash capacity changes due to natural disasters and trade squabbles. Still, the coronavirus pandemic caught the world off guard, and it has ratcheted up the pressure on 3PLs and brokers to quickly adapt and employ new technologies as shippers demand even faster responses and more accurate information. 

Demands for real-time information and constant visibility are more frequent and complex than ever before. To...

https://s29755.pcdn.co/news/brokers-cannot-afford-to-put-technology-on-back-burner-during-pandemic

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