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.
