Access to data has improved market transparency, and recent spikes in volatility make the case that transportation costs must be hedged and de-risked.
FreightWaves is monitoring a number of trends that will impact the freight market in 2019. Digitization will play a key role in these trends as companies seek to optimize their supply chain processes.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
The TCA Profitability Program, or TPP, is an exclusive performance benchmarking initiative. The program’s aim is to help member carriers improve performance and profitability.
IBM estimates that less than one percent of all data is collected and analyzed. If all data was gathered and studied, “wonderful things would happen,” said Ginni Rometty, CEO and president of IBM.
CargoChain aims to make it easier for all the parties in the supply chain – shippers, truckers, ports, authorities, everyone, to share what data they want, with who they want, how they want, when they want. It uses BlockChain to provide security and trust.
SwanLeap tops another prestigious list recognizing the fastest-growing North American companies in technology, media, telecommunications, life sciences, and energy tech sectors based on percentage fiscal year revenue growth from 2014 to 2017.
The author of Moneyball and other books expresses concern about the possible misuse or ignoring of data coming out of the federal government in his talk before Marketwaves18.
FreightWaves spoke to IMSA CEO Corey Ranslem about the first install, the ARMS platform’s official launch at the end of October, and entering the cargo ship markets in 2019.
In partnership with Reliance Partners …One of the most important opportunities remains frequently overlooked when it comes to data: the human element.
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
K & L Freight has invested heavily in technology and data and grown 5x in the past two years. The next step is offering financial services to help their shipper customers hedge against spot market volatility.
Slync, an intelligent platform redefining multi-party interaction, automation, and collaboration throughout the supply chain , has agreed to a multi-year partnership with FreightWaves, the leading data and content source for the freight market.
Hosted by FreightWaves, the August 9th McLeod Capacity Creator webinar featured a discussion between Robert Brothers, Manager of Product Development for McLeod Software and Brian Kelsey, Vice President of Operations for ZMac Transportation Solutions.
Preliminary numbers on the American Trucking Associations’ (ATA) June For-Hire Truck Tonnage Index shows a slight downturn in tonnage carried despite the generally robust economic numbers that should fuel freight demand.
Sponsored by Reliance Partners…On the heels of the U.S. Department of Transportation’s announcement regarding the Solving for Safety Visualization Challenge, FreightWaves spoke with Reliance Partners’ John Seidl to learn more about risk management in the industry.
What happens with increased turndowns in this context is that carriers don’t want to go inbound into a place—in this case, Philadelphia—as they assess the cost of outbound.
In the dog-eat-dog world of data commercialization there are some fascinating parallels between where it’s headed and the resurgence of the gray wolf in Yellowstone National Park.
Drivers aren’t robots and one size doesn’t fit all, so in the absence of flexibility, wide-awake drivers attempt to sleep in rest stops on 10-hour breaks during the day, which is what makes the 14-hour clock so dangerous.
New truck orders jumped in January, reaching their second highest level on record, according to data from FTR and ACT Research.
American Global Logistics announced its membership in the Blockchain in Transport Alliance (BiTA).
In the future of freight, relationships will take a back seat to data and how carriers use the data to speed price and capacity discovery.
The push-pull of technological innovations in transport and communications is nothing new. It’s all a matter of how the technology is adapted and brought into the current marketplace’s way of doing business.
While more and more fleets are utilizing thousands of data points to make operational decisions, insurance providers are tapping into those same data points to help create more accurate risk profiles of carriers and their drivers to build improved insurance offerings for those fleets. And at a lower cost in some instances.
Blockchain is a foundational technology, said Jason Kerner, vice president of sales engineering for Project44, that will allow the building of transformational technologies in the future.
The Internet of Things (IoT) has come to trucking, generating data that improves safety and efficiency for carriers while at the same time giving shippers and customers realtime visibility into the location and condition of their goods.
In the early days of trailer tracking, companies were simply looking for missing trailers. But technology has advanced, and trailer tracking is trying to keep pace. Now, the data generated by trailers can rival that of tractors, and properly managing that data could generate more revenue potential for carriers than ever before.
Riskpulse, the leader in providing weather risk analytics for supply chains, has issued a retrospective report discussing how they advised their customers during the historic 2017 hurricane season.
Penn State issued its 22nd annual 3PL study and the overriding theme was about the importance of data transparency in the supply-chain. Shippers are demanding more transparency in all of their vendors, but since logistics is the life-blood of a supply-chain, 3PLs must accelerate their investments and offerings for shippers.
One of the biggest trends in the field of freight logistics is the digitization of the trucking industry, which has a market of over $700 billion every year.
PS Logistics, LLC, a leading national transportation and logistics company, announced today that it joined the Blockchain in Trucking Alliance (BiTA) as a charter member.
DAT has been one of the leading data providers for load and rate information for years thanks to its large database. Now, the company’s data is being used in even more ways, reinforcing the value the overall dataset provides.
Since its founding, LinkeDrive has become synonymous with driver performance coaching. Its PedalCoach product has helped thousands of drivers achieve higher fuel efficiency and boost safety performance. It turns out, though, that the data it is generating has a lot more potential.
“If you look back at the DAT truck data, which is essentially the NASDAQ of truck freight brokerage, you would know ahead of time,” Donald Broughton told CNBC, explaining why the firm’s data is a good indicator of economic trends.
“The potential here is phenomenal. The match between what blockchain offers and the industry pain points is incredible,” says Bridget McDermott, vice president of Blockchain Business Development for IBM. So what exactly is blockchain?
Blockchain is a relatively new term used to describe a series of distributed databases that act as a tamper-proof, verifiable ledger. As with any new technology, blockchain has its own terminology. Here is a listing of some of the most important terms and their meanings.
From drones to the Internet of Things (IoT), technology is pushing the boundaries of what is possible in the world of business. It is no different for transportation entities, especially shippers and carriers who are embracing technology while remaining mindful of ever-slimming margins.
