Let’s face it, the freight audit and pay process is one of the least favorite tasks within the logistics industry. One would think moving freight from anywhere in the country to anywhere in the country on any given day comes with challenges that would never approach paying a bill, but that is just not the case. Paying an invoice or…
Then logistics experts discuss the challenges and prospects for global supply chains in 2023, it’s clear that a multitude of factors are involved. Many shippers and players in the transport and logistics business are currently under great pressure. This is due to a number of lingering issues including the pandemic; huge increases in energy prices; large fluctuations in the supply…
Sed ut perspiciatis, unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam eaque ipsa, quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt, explicabo. Nemo enim ipsam voluptatem, quia voluptas sit, aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos, qui ratione voluptatem sequi nesciunt, neque porro quisquam est, qui dolorem…
Private fleets have long differentiated their transportation value by providing exceptional levels of customer service. And while private fleet operations are not without their challenges, today’s new breed of private fleet managers are managing to justify their existence by leveraging their operations to enhance their companies’ overall competitive position. Estimated at $320 billion, private fleets are the largest sector of…
Of all the investments a company could make to modernize warehouse operations, fleet management is the most unique. Unlike automation, infrastructure or software, lift truck usage has a huge behavioral component that makes measuring and defining success more difficult. Few other elements of materials handling equipment are mobile anywhere between eight and 24 hours a day, and few interact so…
A transportation management system (TMS) is a logistics platform that uses technology to help businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing, and making sure the shipment is compliant, proper documentation is available. This kind of system is often part of a larger supply chain management (SCM) system. Sometimes known as a transportation management solution or transportation management software, a…
In our latest analysis of the industrial and logistics market, we examine occupier demand, rental performance, investment market and yields across Europe Close to 32 million sqm of logistics space was taken up in 2022. This was only 6% less compared to the 2021 record year, highlighting market resilience in the face of economic headwinds. With supply still…
Air cargo can be an important and highly efficient component of today’s optimized supply chain. For many products, markets, and industries, air freight is the critical link that allows organizations to respond to customer demands in a timely manner. Multiple air shipment options, as well as advancements in reporting and aircraft efficiency, make air cargo essential for many supply chains.…
High fuel and equipment prices, labor concerns, shipping rates, inflation, talks of a recession, and other economic factors have followed trucking into what is a historically quiet season for imports and consumer demand at the start of a new year. Because of these lingering headwinds, for the first quarter, carriers are likely concerned about a decrease in rates due to an oversupply of capacity built up from 2021.
The market, however, is cyclical, and trucking remains the most relied-upon freight transport mode in the U.S., with trucks moving some 12.5 billion tons of freight valued at more than $13.1 trillion, according to the newly released Bureau of Transportation Statistics 2022 Transportation Statistics Annual Report.
“I think this year we will see a lot more normality in the market or a lot more seasonality,” explained Dean Croke, principal analyst at DAT Freight & Analytics. “From the time of the pandemic through the end of [2022], we saw little seasonality in the market. There were hints of seasonality, so you saw a little bit of a bump in rates because of the building season in the spring, but the whole peak season never materialized.”
“I think seasonality will emerge this year, but the overarching economic factor right now is higher interest rates and talk of a recession or whether we may already be in one,” Croke added, noting the industry may have already gone through a freight recession of sorts.
Nearshoring is an attractive business strategy for many companies. By leveraging the advantages of nearshore resources, organizations can reduce costs and accelerate time-to-market while gaining access to specialized talent. Nearshoring can also increase businesses’ agility, allowing them to quickly scale their teams and resources up or down as needed. While nearshoring may be a great way to gain access to…