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August 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 August.

Logistics Industry News

 

More US Shippers ‘Shifting’ Truck Modes

As demand for faster fulfillment and replenishment cycles increases, LTL carriers are taking on more “middle mile” freight movements ending at customer facing distribution points once handled in truckloads. Read More

5 Ways to Mitigate High Freight Rates
Consistent economic growth in industries dependent on logistics has increased freight demand, creating more loads than available trucks. Spot market rates are up 25 to 35 percent over 2017, and analysts expect tight capacity and higher costs to continue into 2019. Read More

Transportation & Freight Markets

 

Early Trans-Pac Peak Could Impact US Spot Truck Rates
An accelerated peak shipping season at sea could translate into an earlier than usual surge in truck and intermodal shipments moving off coasts to distribution centers and end customers this fall. Read More.

5 Tips for Shippers in Tight Capacity Markets
It’s no secret that trucking capacity is strained. The U.S. economy is growing, creating very strong freight demand. At the same time, the ongoing driver shortage and decreased productivity from ELDs is resulting in more loads than available trucks. Here are 5 ways shippers can successfully navigate the capacity crunch during this historic time. Read More

Economy & Supply Chain

 

Why the Trucking Shortage Impacts Everyone

The shortage of truck drivers is at historic levels as a strong economy boosts freight demand. Bloomberg covers what caused the problem, why it has suddenly gotten worse and how the driver shortage impacts the economy. Read More

Retail Sales and Manufacturing Powering Solid Freight Demand

A surge in retail spending and manufacturing output in the second quarter signals some key indicators for freight demand to remain healthy and sustained through the third quarter as retail outlook remains positive. Read more

Technology & Innovation

 

Cutting Transportation Costs with Digital Bill of Ladings

Shippers across all industries and in all parts of the country are feeling the impact of increased transportation costs. The LTL industry still handles about 75% of shipments tendered using paper. Migrating the BOL from paper to digital format can greatly reduce the administrative costs of processing shipments and increase many operational efficiencies. Read More. 

Easing the Strain of the Truck Driver Shortage through Blockchain

The shipping industry has fewer drivers than it requires and that problem is on the rise, threatening slower shipment transit and higher prices for both consumers and operators. Blockchain technology has the potential to help compensate for the critical driver shortage and reward drivers for their hard work.  Read more

Regulation, Safety & Labor

 

ELD’s Open Up New Possibilities for Data-Driven Decision Making in Trucking

While the recently implemented federal ELD rule was aimed at improving compliance with driver hours-of-service limits, the resulting widespread rollout of these devices means that there is now an onboard technology platform in the cab of nearly every long-haul truck on the road,  opening up new possibilities for data-driven business decisions. Read more

Regulatory Relief Proposals Aimed to Help Shippers

While shippers don’t spend time familiarizing themselves with the complexities of regulations, the current proposed changes to hours-of-service regulations could provide relief to shippers by allowing more timely and safe delivery of their cargo. Read more

 

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