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.
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