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July Industry Update

The logistics and supply chain industry is complex. GlobalTranz is committed to helping businesses and logistics professionals stay knowledgeable and up-to-date on the market and logistics best practices. Every month, we’re sharing trends and news impacting the logistics and supply chain industry. Here are some of the top headlines from July.

Logistics Industry News

 

Annual State of Logistics Report: It’s a Carrier’s Market

The confluence of a strong economy, surging demand, labor and capacity shortages are causing multiple pain points for logistics operations. The tightening logistics market requires “creative thinking and innovation” on the part of shippers. New technology, relationships with carriers and increasing knowledge base of best practices is the ultimate solution to helping logisticians ride out the challenges long term. Read More

Carriers and Shippers Need to Align in Tight Capacity Environment

Transportation industry experts say the tight capacity and rate challenges aren’t going away anytime soon. Carriers are realizing they allowed bad shipping practices during lean times, to ensure they had enough freight, but aren’t able to allow the same practices during this historic freight demand. “Delays at docks, dwell times with trailers, all need to go away.” Carriers and shippers need to find “strategic alignment.” Read More

Transportation & Freight Markets

 

Tonnage Up 8% in First Half of 2018

It’s been a very active summer for trucking. Truck tonnage continued its powerful run and is up nearly 8% through the first half of 2018, according to American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index. Read More

 US Truckload Carriers Warn Tighter Capacity Ahead

We’re experiencing the hottest freight market in years, and there is no indication that freight demand is slowing or capacity is loosening any time soon. With strong demand, carriers are able to pick and choose the most profitable freight, giving rise to the shipper of choice environment.  Read More

Economy & Supply Chain

 

US Announces Tariffs on $200B More Goods From China

In response to China’s retaliatory tariffs on $34 billion of U.S. goods announced Friday, the U.S. has announced 10% tariffs on another $200 billion of Chinese imports. The trade imbalance has prompted fears among global businesses as these measures could result in China attempting to disrupt operations of U.S. companies with a presence in China.  Read More

Driver Shortage is a Supply Chain Risk

The shortage of labor in the U.S. is hurting companies from coast to coast and the performance of corporate supply chains is at risk. Demand for labor exceeds supply, causing labor rates to creep up, resulting in higher prices of goods. The driver shortage and labor issues should be added to the corporate supply chain risk profile. Read More

Technology & Innovation

 

4 Technologies Essential to Mastering Logistics Operations

These days, you don’t need to have the logistics budget of a Fortune® 100 company to leverage leading-edge technologies that will improve the efficiency and performance of your company’s operations. Nearly every company – large and small – has access to and should be using these advanced enterprise technologies for effective logistics management. Read More

2018 Is the Tipping Point for Commercial Vehicle Electrification

The rise in freight is spurring demand for growth all class sizes of fleets. Major truck makers, including Volvo, Daimler, Navistar and Paccar have announced plans for future electric trucks while Tesla says production of its electric Class 8 truck will begin sometime next year. Read More

Regulation, Safety & Labor

 

NAFTA Talks Pick Up Again

NAFTA talks are resuming again, following two months of limited negotiations and President Donald Trump’s tariffs on steel and aluminum that took effect on June 1 for Canada and Mexico. Mexican Economy Minister alluded to the possibility of an August deal. Read More

ELD Mandate Perceptions, Trucking Present & Future Trends

Trucking industry leaders talked about ELD Mandate positives, HOS negatives and present and future industry trends at the Expedite Expo. Read More

 

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