By Frank Gambino The 732-billion-dollar question on everyone’s mind…where is the trucking industry really headed? After all, it’s no secret that most forecasts have looked something like a heart monitor at a haunted house with rising and falling that has experts scratching their heads at what could possibly come next. There are many factors that
Ready for Prime time While online shoppers wait for Amazon to release official dates for Prime Day, shippers have a deadline to work with: sellers that use Amazon’s fulfillment program (FBA, or Fulfillment by Amazon) have until June 20 to get their Prime Day goods into Amazon distribution centers. Last week Amazon also announced Buy with Prime, a service where third-party
Transflo continues to expand its Workflow AI solutions to help more freight professionals save cash and time with major advancements in document management. Freight Brokers and Factoring Companies can now implement the latest in freight tech… Transflo’s Workflow AI platform is as flexible as it is customizable. It’s an intelligent document processing solution designed to eliminate upwards
Pumped up fuel prices The benchmark diesel price that the trucking industry uses to calculate fuel surcharges hit a new record on Monday. The Dept. of Energy/Energy Information Administration weekly retail diesel price jumped 74.5 cents to $4.85 per gallon, 9 cents higher than the previous record on July 14, 2008. Fuel prices are up everywhere but
New broker-carrier relationships can be delicate as both parties begin working with new people, processes, and technology. Before entering a new relationship, motor carriers will evaluate a broker or third-party logistics (3PL) provider’s credit history — the average days to pay — and the terms and fees associated with their quick payment options. In the cash-intensive trucking
Lane profitability is a moving target for freight brokers and third-party logistics (3PL) providers with a narrow strike zone of about 15 percent net margin. 3PLs often miss this mark when covering loads with new carriers by going through load boards and using systems that require manual activities such as sending emails, making phone calls, and completing the onboarding process. Doing business with
This week we celebrate Veterans Day and give thanks to the men and women who served honorably in the armed forces of the United States. Of the approximately 9 million veterans employed across the U.S. economy, 10.3% are in commercial transportation. Today more than ever, the industry needs people who know how to solve problems under pressure. Here are some points to consider if you’re
The North American supply chain has an increasing problem with port congestion, leading to fluctuating consumer goods inventories. The more our team examined this issue; it became clear the problems were taking on a snowball effect spreading through the supply chain from the shipper to the consumer, and everyone in between. There are many questions
Capacity is stretched thin and supply chains are in disarray. To keep assets moving, freight brokers and motor carriers are utilizing new mobile strategies to stay connected with drivers and provide tools they need to work smarter (both inside and outside the cab). Transportation companies have competing interests when choosing mobile technology. For efficiency’s sake, they
Professional truck drivers must be sticklers for detail to stay safe, productive, and compliant. The last thing they should have to worry about is whether they will get paid after completing an on-time delivery. All the planning and awareness it takes to ensure an incident-free workday can seem futile if paper shipping documents are causing delays in payroll and