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Managed Transportation Services: It’s About More than Simply Moving Freight 

Shippers are increasingly turning to Managed Transportation Services providers for help in managing the increasing complexity of their supply chains. In this second article in GlobalTranz’s and FreightWaves’ “High Tech, High Touch” series, Ross Spanier, SVP Sales & Solutions for GlobalTranz explains that there is more to a successful Managed Transportation Service partnership than simply moving freight.  

“It’s become a requirement that managed transportation providers go beyond transportation to take a more consultative approach,” he says. “Shippers are asking, ‘How can I leverage data and predictive analytics to anticipate market volatility, to inform my buying patterns, and streamline my warehouse operations?’ Only a provider with a truly consultative approach can help tackle those challenges.”  

To read the full article, please visit FreightWaves.com. 

To read previous articles in the series, please click here. 

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 October.

Logistics Industry News

 

10 Tips for RFP Season
The 2018 economic surge pushed freight demand past available capacity, impacting shippers’ budgets with rising transportation costs across all modes. Many analysts anticipate bullish freight markets through 2020, which has shippers looking for new ways to manage costs, secure capacity and drive efficiencies.

Read More

Is Logistics Your Strategic Advantage?
With 2018 drawing to a close, business leaders are looking ahead to 2019, and warily eyeing a mixed bag of bullish and bearish outlooks on the next year’s transportation market. Transportation and logistics has come to be viewed as a core competency — and potentially a decisive strategic advantage.

Read More

Transportation & Freight Markets


2018 Freight Tonnage Could Be Strongest in 20 Years
Analysts anticipate 2018 tonnage will be the strongest in the last 20 years. CCJ rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.

Read More

8 Trends to Watch in Trucking in 2019
2018 was an eventful year in the transportation and freight industry. Heavy Duty Trucking takes a look at nine trends we should be keeping an eye on in 2019.

Read More

 Economy and Supply Chain

 

 Retail Sales Strongest in Years; Oil Rises; Signs of Bear Market?

Early measures suggest the retail industry met lofty sales expectations, according to the WSJ, as Americans crowded stores and retailers wrapped up one of the strongest holiday seasons in years.

Read More

Supply Chain Dive’s 10 Best Stories of 2018
Stories of transformation prevailed in the supply chain landscape in 2018. Capacity shortages and other external factors played a major role in big names evolving their supply chains. These are some of the stories that made the biggest impact on supply chains in 2018.

Read More

Technology & Innovation

 

Autonomous Trucking Likely in Four Stages, Consulting Firm Says
Autonomous trucking likely will occur in four waves, with each stage saving costs along the trucking value chain, according to a new report from business consultant McKinsey & Co.

Read More

2019: The Future in Truck Technology Begins
Next generation trucking technology has been a popular topic for the past few years. From battery-electric to electric hydrogen-powered, some industry experts are anticipating trucking advances to start hitting the street in 2019.

Read More

Regulation, Safety & Labor

 

 Freight Delays Loom if Government Shutdown Goes Long-Term
Backups and congestion on land and along the nation’s waterfronts due to a lack of customs clearance personnel could be where carriers and shippers see the most immediate effect of a long-term federal government shutdown.

Read More

How the ELD Mandate Affected Supply Chains in 2018
Since 2012, the electronic logging device (ELD) mandate has ranked in the top 10 of issues in the trucking industry, according to the American Transportation Research Institute. In 2018, the mandate went fully in effect and enforced.

Read More

Learn how to drive efficiencies and cost savings into your evolving supply chain.  Call 866-275-1407 or Contact Us.

There has never been a better time to be in the freight business. When you combine a growing economy with increasing demands for businesses to save time, reduce costs, and improve service, you have a market that’s ripe with opportunity. GlobalTranz’s Freight Agent Program will help you seize this opportunity by providing you with a full suite of logistics solutions, world-class logistics technology and the dedicated operational back-office support to help you establish and build your own independent freight agent business.

Whether you’re a longtime veteran of the freight industry or thinking about starting your own agency, we invite you to be our guest at our upcoming Annual Freight Agent Conference. This is an outstanding opportunity for you to learn about GlobalTranz, network with existing agents, and discover how to position yourself for a successful future in freight. Whether your goals are revenue growth, increased profitability, learning new sales techniques, or how to find the right partner to enter into the freight market, this conference will provide you with tremendous value.

Below are 10 takeaways that attendees have come to expect from GlobalTranz’s annual conference:

1. A UNIQUE ONCE-A-YEAR OPPORTUNITY
Our Annual Freight Agent Conference brings together the GlobalTranz community to collaborate, network and learn about news and innovative ways to achieve goals.

2. LEARN INDUSTRY TRENDS AND PERSPECTIVES
Get up-to-date industry data and insights, while learning about current and emerging trends in logistics and technology that you can use to guide your business.

3. IMPROVE YOUR RESULTS
Learn new skills to deepen your relationship with clients and carriers, driving greater results for your agency or business.

4. NETWORK AND CONNECT
Meet and exchange ideas and insights with hundreds of like-minded logistics professionals.

5. MEET AND HEAR FROM GLOBALTRANZ EXECUTIVES & SUPPORT TEAM MEMBERS
Meet the GlobalTranz professionals that support your business every day and learn about forthcoming technology innovations, service offerings, and process improvements.

6. GET INSPIRED
Our speakers and presenters will inspire you with their passion to make a long-term positive impact.

7. STRENGTHEN CARRIER RELATIONSHIPS
Connect with GlobalTranz’s carriers to learn about service opportunities and business synergies.

8. VALUE FOR THE MONEY
With a content-rich conference set in beautiful (and warm!) Phoenix, Arizona, you will access knowledge and expertise that’s worth its weight in gold.

9. SPREAD THE IMPACT
Share the knowledge and ideas from this conference with your organization and get set to grow your earnings potential.

10. JOIN A SPECIAL CELEBRATION!
What would a conference be without an awards dinner? Join us to celebrate your success!

Click the banner above or click here to register for the conference today!

If you are not a GlobalTranz Logistics Independent Freight Agent but are interested in the program, call 480-339-5804 or email us at strategicsourcing@globaltranz.com for more information.

 

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 October.

Logistics Industry News

 

UPS Warns Shippers to Brace For Possible Freight Strike
UPS Freight workers rejected a tentative contract last month and are voting on an updated offer from the company November 9-11. A contract extension expires on Nov. 12, after which the 11,000 Teamsters members could go on strike.
Read More

US Truckload Shippers Prep for 2019 Rate Increases
Many analysts predict bullish freight markets through 2020. US truckload shippers that faced rising transportation rates in 2018 are preparing for another round — albeit a lighter one — of price increases in 2019. Many are reaching out to logistics providers about new and better solutions to secure capacity.
Read More

Transportation & Freight Markets

 

Driver Shortage Again Ranks No. 1 Industry Issue, HOS Ranks No. 2
For the second straight year, the trucking industry‘s top concern is a shortage of qualified truck drivers, according to the annual Top Industry Issues Report from the American Transportation Research Institute. Hours of service ranked second on the list, retaining its footing as one of the top issues for the trucking industry in seven out of the past eight years.
Read More

US Freight Rates Hitting Peaks Before Deceleration
US truck and intermodal rail volumes increased in 2018 and are near their peak levels of the year. Analysts reported that trade policy uncertainties involving US imports from China and NAFTA partners have front-loaded shipments into the US, which has created a noticeable increase in freight volumes for 2018.
Read More

Economy & Supply Chain

 

Consumer Confidence Hits 18-year High in October
According to CNBC, U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
Read More

Retailers Prepare for Make-Or-Break Holiday Peak Season

Retailers are optimistic about a busy holiday season. As we head into the make-or-break holiday peak shopping season, CBRE Group, Inc is reporting many companies will try to cap off a strong year by doubling down on strategies to draw online shoppers into stores.
Read More

Technology & Innovation

 

How Cutting-Edge Technologies are Impacting the Future of Logistics
In a 25-minute conversation with SiriusXM Business Radio, GlobalTranz CEO Bob Farrell shares how cutting-edge technologies and the ever-increasing sophistication of supply chains are profoundly influencing the future of logistics.
Listen Now

Shippers Turn to Technology for Sharper Supply Chain Visibility

Not long ago, supply chain visibility meant knowing where a shipment was a few hours ago. Now, with increased customer delivery demands and volatile freight markets, shippers are looking for real-time “dots on a map” updates, predictive ETAs and a holistic approach to visibility enabling them to make business decisions based on aggregated shipment data.
Read More

Regulation, Safety & Labor

 

ELD Impact Ten Months In
In March, 2018, one month prior to the ELD go-live, trucking companies were surveyed about their predictions on how ELDs will impact the freight industry. Ten months after the ELD Mandate went live, those companies were resurveyed to see how markets and perceptions have adjusted.
Read More

Regulatory Roundup: State of Trucking 2018
These are the top legislative, regulatory, administrative, and enforcement topics impacting the trucking industry at large.
Read More

Learn how to drive efficiencies and cost savings into your evolving supply chain.  Call 866-275-1407 or Contact Us.

 

If you were to ask a group of transportation analysts where freight rates are heading, most would say higher. That’s not surprising, considering we’re riding one the “best global growth rates in seven years,” according to Logistics Management magazine. Many carriers, shippers and industry analysts associate increased costs with the driver shortage, ELD mandate and external factors that are out of one’s control. However, there are ways for shippers to control costs despite the dynamic market and rate volatility.  

Digitizing core logistics operations is one of the most effective methods for driving overall cost savings and efficiency. A recent JOC.com article discussed one component of the digital transformation in logistics noting the transition from paper to electronic BOLs has a, “far-reaching impact” on controlling LTL costs, yet the LTL industry still handles about, “75 percent of shipments using paper.”  

The key to digitizing core logistics operations, like adopting electronic BOLs, is effectively integrating your business systems with carriers and logistics service providers.  

4 Ways Integration Drives Cost Savings 

  1. Automate business processes – When you integrate your business systems with carrier and logistics service providers’ (LSP) systems, you create a powerful orchestra of real-time information exchange between carriers and your ERP, order management, WMS, back-office accounting, and more. This helps you reduce manual entry, improve accuracy and free your staff to focus more time on revenue-driving projects.  
  2. Increase visibility – When your systems are talking to carrier and LSP systems, businesses can see where shipments and capacity are in real-time. Tracking updates can be automated, giving end-customers full visibility into their orders and increasing customer experience levels.  
  3. Faster, better decisions – Integration enables businesses to access and aggregate big data from all your business systems. Apply analytics and business intelligence to data to cultivate pricing and revenue strategies that drive true competitive advantage. From a logistics standpoint, integration of information helps businesses make better carrier decisions, reduce unnecessary accessorial charges, forecast transportation spend and even help decide the best location for a distribution center.  
  4. Shipper of choice status – Integrating with carriers reduces the amount of paper processes on their end, as well as yours. When you help carriers become more efficient, you become a preferred partner. In capacity strained times, being a shipper that carriers want to work with helps you secure capacity, avoid the spot market and keep your rates stable.  

 Advanced Integration Without IT Resources 

When people hear “advanced integration,” many assume it also comes with high cost and extensive IT resources. Fortunately for shippers, TMS vendors, like GlobalTranz, are providing advanced integration and custom development resources so any size business, even without in-house IT resources, can integrate their systems and digitize their supply chain. And all at a price point that’s affordable for any company.  

 

Learn more about how you can integrate your entire supply chain without a budget or IT Team. Call 866-275-1407 or connect with an expert. 

 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 September.

 Logistics Industry News

 

The 4PL Era Begins
Many companies are seeking logistics service providers that can handle everything in their evolving supply chains. More businesses are seeking 4PL services to manage all their supply chain operations,  break down silos and drive end-to-end visibility and transparency. Read More.

Shippers Overcoming Truck Capacity Challenges With Intermodal
It’s clear that pressure on shipping capacity and rates from the ELD mandate, ongoing driver shortage and a robust economy won’t be going away any time soon. To overcome those issues, some shippers are finding — or rediscovering — intermodal shipping service. Read More.

Transportation & Freight Markets

 

Going Up: What’s Driving Trucking Forward
At the recent FTR Transportation conference, economists shared their insights about the current economy, whether a recession is approaching, current freight markets, and what to expect in the coming months. Read More.

Capacity Increases, Spot Market Moderated For Now
We are experiencing one of the longest running economic expansions in the modern era, creating an incredibly dynamic freight environment. For months, capacity crunch and soaring rates have been unavoidable. Carriers have been investing in infrastructure and utilizing technology to increase capacity, as the bullish market has shown little sign of slowing. Read More.

Economy & Supply Chain

 

Tariffs Spurring Volatility in US Economic Forecast
Amid the tariff battle between the United States and China, net exports are expected to be a drag on third-quarter economic growth. Read More.

 U.S. Consumer Confidence Unexpectedly Jumps to 18-Year High
Consumer confidence unexpectedly jumped in September, reaching one of the best levels in a half-century of data. A strong job market and tax cuts keep Americans optimistic about the state of the economy and their finances, even amid an escalating trade war with China. Read More.

Technology & Innovation

 

3PLs Using New Tech to Build Dedicated Freight Lanes
As e-commerce delivery demands continue to increase and freight markets become more complex, logistics service providers are using technology to help businesses automate capacity sourcing and increase customers’ service levels. Read More. 

Rapid Tech ‘Transformation’ Tests Shippers, Carriers
As more companies recognize their supply chains as a source of opportunity for growth rather than a cost center, technology is becoming the perfect enabler. But businesses are finding that their legacy systems are preventing them from scaling operations and meeting their growing customer fulfillment expectations. Read More.

Regulation, Safety & Labor

 

NAFTA Replaced: Canada Agrees to Join U.S. and Mexico in New Trade Deal
On September 30th, The U.S., Canada and Mexico reached a new, modernized trade agreement, called the United States-Mexico-Canada Agreement (USMCA). The USMCA is said to give “workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.” Read More.

Congress Takes Next Step Toward Drone Delivery
The U.S. Senate and the House of Representatives released a Federal Aviation Administration Reauthorization bill for the use of drone-based delivery for everything from medical supplies to consumer goods. Read More.

 

Learn how to drive efficiencies and cost savings into your evolving supply chain.  Call 866-275-1407 or Contact Us.

 

The competition for freight brokers and independent freight agents is fierce. There is a constant pressure to add value for clients and show them consistent improvement of their freight operations and spend. At the same time, freight broker agents need to dedicate time to finding new clients and growing their business.

Technology is a perfect enabler to take a freight business to the next level. The right TMS platform will help a freight broker agent solve their clients’ logistics challenges, find new revenue sources, and increase their efficiency to free-up more time to grow their business.

Here’s a breakdown of a TMS’s top five benefits for independent freight agents and brokers: 

  1. Provides Big Data Analytics; Helps You Make Smarter Decisions and Grow Faster

TMS software can harness the power of big data, which helps you discover insights about your business. You can use this data to make faster and smarter decisions that solve complex logistics problems for your customers. These tools will help you win more business and grow faster. 

  1. Streamlines Operations & Increases Net Profits

From fees and tariffs to damage claims, freight agents must deal with scores of data points for each shipment. A TMS with advanced AI (artificial intelligence) capabilities will optimize carrier selection, rating, routing and help you choose the most efficient and cost-effective routes for your customers. You won’t waste time manually inputting data and updating shippers on shipment status as a TMS will automate manual processes. The result: you’ll reduce overhead and increase net profits. Additionally, by providing your customers a TMS like GlobalTranz’s GTZship™, you’ll empower them with full control and transparency into their shipments. 

  1. Improves Cash Flow Management

Some freight agents outsource the financial management functions of their business to a third party rather than risk mismanaging their financials. However, with the right TMS software, you can manage your own financial functions. The right software, such as GlobalTranz’s GTZcommand™, will help you invoice shippers, pay carriers and process insurance claims all yourself. You can accomplish it all through a single interface while producing informative, detailed reports to share with your customers.  

  1. Increases Customer Service & Retention

When you provide consistent, excellent service, customer retention improves sharply. Customer churn is expensive, and a robust TMS will help you drive efficiency into your customers’ supply chains and overall cost savings. GlobalTranz’s TMS, for instance, helps you surpass your customers’ expectations with total control tower visibility. Your customers get real-time carrier capacity, rate information and tracking which results in the right carriers being paired with your customers’ loads every time.  

  1. Drives Business Planning 

Author Alan Lakein famously said, “Failing to plan is planning to fail.” And whether you’re a solo freight agent or run a business with other employees, you need to plan. The good news is a TMS can provide you with all the data you need to forecast, plan and grow your freight business. Harness the information that’s in the system to help you better manage your agency, quarter-to-quarter, year-to-year. 

 

Learn how a TMS can help your freight business grow and attract new customers. Get a demo of our industry-leading GTZcommand™ TMS for freight agents, brokers and 3PLs.

Hurricane Florence Update – Thursday, September 13, 2018

Hurricane Florence has been downgraded to a Category 2 storm but remains incredibly dangerous.  Tropical-storm-force winds are hitting the NC/SC coastline right now and will increase to hurricane-force winds by tonight.  Landfall is expected to reach the US mainland late tonight or Friday morning.  Florence is expected to crawl along the coast of the Carolinas through Friday, producing catastrophic flooding and storm surge, before turning inland.

Our carrier partners and service providers continue their contingency preparations:

You should expect carrier operations to become increasingly challenged across the states of NC, SC, VA, and GA in the coming days.  New shipments may not be picked up for some time, and en route shipments may be significantly delayed.

If you need any specific carrier information such as which of their terminals may be closed and/or embargoed, please utilize the links below.  You can also reach out to LTLPricing@GlobalTranz.com for additional help.

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

 

Learn how to drive efficiencies and cost savings into your supply chain during dynamic freight market conditions.  Call 866-275-1407 or Contact Us